SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of March 2019
Woori Financial Group Inc.
(Translation of registrant’s name into English)
51, Sogong-ro, Jung-gu, Seoul, 04632, Korea
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submission to furnish a report or other document that the registration foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Submission of Audit Report of Woori Bank
Date of Submission by Deloitte Anjin LLC, Woori Bank’s independent auditor: March 19, 2019
Audit reports have been furnished as exhibits 99.1 & 99.2
< Consolidated Audit Report >
| 1. | Independent Auditor’s Opinion : Unqualified Opinion |
2. Key Earnings Figures
| (Units: KRW) | ||||||||
| Item |
FY 2018(1) | FY 2017 | ||||||
| Revenue* |
19,940,555,773,082 | 23,725,105,810,531 | ||||||
| Operating Income |
2,759,301,553,030 | 2,156,741,279,645 | ||||||
| Income before Income Tax |
2,804,871,762,682 | 1,949,505,922,161 | ||||||
| Net Income |
2,051,648,820,324 | 1,530,088,262,445 | ||||||
| Income Attributable to Controlling Interests |
2,033,182,297,297 | 1,512,147,816,668 | ||||||
| * | Represents the sum of interest income, fee and commission income, dividend income, gain on financial products and other operating income (and excludes non-operating income) |
(1) The figures above have been audited by our independent auditor and should be referred to in lieu of the preliminary figures disclosed in the Report of Foreign Private Issuer on Form 6-K furnished by Woori Financial Group to the Securities and Exchange Commission on February 11, 2019.
3. Key Financial Figures
| (Units: KRW) | ||||||||
| Item |
FY 2018 | FY 2017 | ||||||
| Total Assets |
340,447,183,384,855 | 316,295,461,166,850 | ||||||
| Total Liabilities |
318,494,137,861,684 | 295,730,561,030,343 | ||||||
| Total Shareholders’ Equity |
21,953,045,523,171 | 20,564,900,136,507 | ||||||
| Total Shareholders’ Equity * |
21,739,932,745,932 | 20,365,891,423,297 | ||||||
| Capital Stock |
3,381,391,855,000 | 3,381,391,855,000 | ||||||
| Shareholders’ Equity*/ Capital Stock (%) |
642.9 | 602.3 | ||||||
| Number of Consolidated Subsidiaries |
64 | 53 | ||||||
| * | Excluding non-controlling interests |
< Non-consolidated Audit Report >
| 1. | Independent Auditor’s Opinion : Unqualified Opinion |
2. Key Earnings Figures
| (Units: KRW) | ||||||||
| Item |
FY 2018 | FY 2017 | ||||||
| Revenue* |
17,611,403,936,778 | 21,026,141,318,876 | ||||||
| Operating Income |
2,415,690,702,181 | 1,790,558,836,819 | ||||||
| Net Income before Income Tax |
2,485,630,321,745 | 1,620,222,673,757 | ||||||
| Net Income |
1,810,903,184,989 | 1,276,112,213,039 | ||||||
| * | Represents the sum of interest income, fee and commission income, dividend income, gain on financial products and other operating income (and excludes non-operating income) |
3. Key Financial Figures
| (Units: KRW) | ||||||||
| Item |
FY 2018 | FY 2017 | ||||||
| Total Assets |
317,392,879,597,073 | 296,737,570,746,838 | ||||||
| Total Liabilities |
296,343,878,685,672 | 276,943,480,696,748 | ||||||
| Total Shareholders’ Equity |
21,049,000,911,401 | 19,794,090,050,090 | ||||||
| Capital Stock |
3,381,391,855,000 | 3,381,391,855,000 | ||||||
| Shareholders’ Equity/ Capital Stock (%) |
622.5 | 585.4 | ||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Woori Financial Group Inc. |
||||||
| (Registrant) | ||||||
| Date: March 19, 2019 | By: /s/ Kyong-Hoon Park |
|||||
| (Signature) | ||||||
| Name: | Kyong-Hoon Park | |||||
| Title: | Deputy President | |||||