6-K 1 d899935d6k.htm FORM 6-K Form 6-K

 

 

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 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 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.

 

 

 


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 for non-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 (excluding non-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