SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE13a-16 OR15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of March 2020
Commission File Number:001-31811
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 Form20-F or Form40-F.
Form20-F ☒ Form40-F ☐
Indicate by check mark if the registrant is submitting the Form6-K in paper as permitted by RegulationS-T Rule 101(b)(1): ☐
Note: RegulationS-T Rule 101(b)(1) only permits the submission in paper of a Form6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form6-K in paper as permitted by RegulationS-T Rule 101(b)(7): ☐
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Results of the Annual General Meeting of Shareholders
of Woori Financial Group Inc. for Fiscal Year 2019
The annual general meeting of shareholders of Woori Financial Group was held on March 25, 2020 and all four agenda items listed below were approved and ratified as originally proposed.
Key Details Relating to the Annual General Meeting of Shareholders
• | Agenda: |
1. | Approval of financial statements for the fiscal year 2019 |
2. | Approval of amendments to the Articles of Incorporation |
3. | Appointment of directors (4 directors) |
-3-1 Candidate for outside director : Dennis Chan
-3-2 Candidate fornon-standing director :Hong-Tae Kim
-3-3 Candidate for standing director : Won-Duk Lee
-3-4 Candidate for standing director : Tae-Seung Son
4. | Approval of the maximum limit on directors’ compensation |
• | Agenda details |
• | Approval of financial statements of Woori Financial Group for fiscal year 2019 |
(units: in millions of KRW, unless indicated otherwise)
< Consolidated – Independent Auditor’s Opinion : Unqualified>
Total Assets | 361,981,724 | Revenue* | 22,734,263 | |||||||
Total Liabilities | 336,488,393 | Operating Income | 2,799,976 | |||||||
Capital Stock | 3,611,338 | Net Income | 2,037,596 | |||||||
Total Shareholder’s Equity | 25,492,331 | Earnings Per Share (in KRW) | 2,727 |
< Separate – Independent Auditor’s Opinion : Unqualified>
Total Assets | 21,206,593 | Revenue* | 693,175 | |||||||
Total Liabilities | 1,100,328 | Operating Income | 629,437 | |||||||
Capital Stock | 3,611,338 | Net Income | 628,293 | |||||||
Total Shareholder’s Equity | 20,106,265 | Earnings Per Share (in KRW) | 900 |
* | Represents the sum of interest income, fee and commission income, dividend income, gain on financial assets and other operating income (excludingnon-operating income) |
• | Cash dividends for fiscal year 2019 |
(units: in KRW)
Total dividends per common share | | 700 (5.8% of market price of common stock) |
| |
Dividend per class share | — | |||
Total dividend amount | 505,587,376,700 |
• | Agenda details |
• | Appointment of directors |
Name | Date of Birth | Term | Appointment | Career Background | ||||
Hong-Tae Kim | February 1966 | From the time of appointment at the AGM held in Mar. 2020 to the end of the AGM held in Mar. 2022 | New Appointment | - Current) Head, Office of Creative Management, KDIC - Deputy Head, Department of HR and Administration, KDIC - Deputy Head, Task force for Strengthening Job Competency, KDIC | ||||
Won-Duk Lee | January 1962 | From the time of appointment at the AGM held in Mar. 2020 to the end of the AGM held in Mar. 2021 | New Appointment | - Current) Deputy President, Strategy Planning Unit, Woori Financial Group - Executive Vice President, Management and Finance Planning Group, Woori Bank - Managing Director, Management and Finance Planning Group, Woori Bank | ||||
Tae-Seung Son | May 1959 | From the time of appointment at the AGM held in Mar. 2020 to the end of the AGM held in Mar. 2023 | Re-appointment | - Current) Chief Executive Officer, Woori Financial Group - Current) President and Chief Executive Officer, Woori Bank - Head, Global Business Unit, Woori Bank |
• | Appointment of outside director |
Name | Date of Birth | Term | Appointment | Career Background | ||||
Dennis Chan | November 1962 | From the time of appointment at the AGM held in Mar. 2020 to the end of the AGM held in Mar. 2022 | New Appointment | - Vice Chairman, Fubon Bank (China) - Chief Executive Officer, Fubon Bank (China) |
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 25, 2020 | By: | /s/ Kyong-Hoon Park | ||||
(Signature) | ||||||
Name: | Kyong-Hoon Park | |||||
Title: | Deputy President |