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 August 2019

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 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.

Addition of a Direct Subsidiary

On August 1, 2019, Woori Financial Group Inc. (“Woori Financial Group”) disclosed the addition of WOORI Asset Management Corp. (“WOORI Asset Management”) as a direct subsidiary.

Key Details

1. Company name: WOORI Asset Management Corp.

2. Primary area of business: Asset management

3. Key financial figures as of December 31, 2018:

1) Total assets (in millions of KRW): 101,536

2) Total liabilities (in millions of KRW): 3,824

3) Total stockholders’ equity (in millions of KRW): 97,712

4) Capital stock (in millions of KRW): 20,000

4. Date of addition: August 1, 2019 (share purchase completion date)

5. Total number of direct subsidiaries of Woori Financial Group after the addition of WOORI Asset Management as a direct subsidiary: 7

6. Other relevant information: Tongyang Asset Management Corp. changed its name to WOORI Asset Management Corp. by the resolution of an extraordinary shareholders’ meeting held today (August 1, 2019)

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: August 1, 2019	By:	/s/ Kyong-Hoon Park
	(Signature)
	Name:	Kyong-Hoon Park
	Title:	Deputy President