SEC Form 6-K filed by Woori Financial Group Inc.

8/14/25 8:24:41 AM ET

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6-K 1 d61432d6k.htm FORM 6-K Form 6-K

UNITED STATES

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 2025

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 ☐


		Index

1.		Summary of 2025 1H Business Report

2.		Exhibit 99.1 Woori Financial Group Review Report for 2025 1H (Consolidated)

3.		Exhibit 99.2 Woori Financial Group Review Report for 2025 1H (Separate)

Summary of 2025 First Half Business Report

Table of Contents


I.	INTRODUCTION OF THE COMPANY	2

1.	Overview of the Company	2

2.	Capital Structure (Changes in Capital)	8

3.	Total Number of Authorized Shares	8

II.	BUSINESS OVERVIEW	9

1.	Results of Operations	9

2.	Funding Sources and Uses of Funds	9

3.	Other Information Necessary for Making Investment Decisions	10

III.	FINANCIAL INFORMATION	15

1.	Condensed Financial Statements (Consolidated)	15

2.	Condensed Financial Statements (Separate)	17

3.	Dividend Information	19

IV.	INDEPENDENT AUDITOR’S OPINION	20

1.	Independent Auditor’s Opinion	20

2.	Compensation to the Independent Auditor	20

V.	CORPORATE GOVERNANCE	22

1.	About the Board of Directors	22

2.	Shareholder’s Meeting	24

VI.	SHAREHOLDER INFORMATION	26

1.	Share Distribution	26

2.	Stock Price and Stock Market Performance	28

VII.	DIRECTORS AND EMPLOYEE INFORMATION	29

1.	Directors and Executives	29

2.	Employee Status	30

3.	Directors’ Compensation	30

4.	Stock-based Compensation	30

VIII.	INTERNAL CONTROLS	31

1.	Management’s Assessment of the Effectiveness of the Internal Accounting Management System	31

2.	Audit Committee’s Assessment of the Effectiveness of the Internal Accounting Management System	31

3.	External Auditor’s Audit Opinion (Review Report) on the Effectiveness of the Internal Accounting Management System	32

Except where indicated otherwise, financial information contained in this document (including the attached financial statements) has been prepared in accordance with the Korean equivalent of International Financial Reporting Standards (“Korean IFRS”), which differ in certain important respects from generally accepted accounting principles in the United States.

All references to “Woori Financial Group,” “we,” “us” or the “Company” are to Woori Financial Group Inc. and, unless the context requires otherwise, its subsidiaries. In addition, all references to “Won” or “KRW” in this document are to the currency of the Republic of Korea.

I.	Introduction of the Company

1.	Overview of the Company

a.	History (Recent 5 years)


January 15, 2021		Joined the Carbon Disclosure Project (CDP), announced support for the Task force on Climate related Financial Disclosure (TCFD) and established the ESG management principles of Woori Financial Group

March 5, 2021		Established the Board ESG Management Committee

March 12, 2021		Integrated Woori Savings Bank as a first-tier subsidiary of the Company

April 9, 2021		After-hours trading of a 2% stake in Woori Financial Group held by the Korea Deposit Insurance Corporation

April 15, 2021		Purchased additional equity shares of Woori Financial Capital Co., Ltd., increasing the Company’s equity ownership by 12.9%

May 13, 2021		Participated in the capital increase of Woori Savings Bank (KRW 100 billion)

May 24, 2021		Purchased 3.6% of Woori Financial Capital Co., Ltd. in treasury shares

June 4, 2021		Entered into a stock exchange agreement to acquire the remaining shares of Woori Financial Capital Co., Ltd.

August 10, 2021		Integrated Woori Financial Capital Co., Ltd., as a wholly-owned subsidiary of the Company (Completion of stock exchange)

September 9, 2021		Announcement of contemplated sales of the remaining stake in Woori Financial Group held by the Korea Deposit Insurance Corporation

October 8, 2021		Joined the SBTi (Science Based Targets initiative) as part of the roadmap for achieving carbon neutrality

November 2, 2021		Obtained regulatory approval for using the IRB (Internal Rating Based) approach

November 9, 2021		Obtained ‘AA’ rating from MSCI ESG assessment (2 grades higher than the previous year), ‘A’ rating from KCGS(Korea Corporate Governance Service)(1 grade higher than the previous year)


November 17, 2021		Included newly in Asia Pacific Index of DJSI (Dow Jones Sustainability Indices)

December 9, 2021		Achieved practically full privatization through the decrease of the KDIC’S stake in us from 15.1% to 5.8%, changing the largest shareholder from the KDIC to the Employee Stock Ownership Association of Woori Financial Group

December 26, 2021		Launched the Group integrated car finance platform “Woori WON Car”

January 7, 2022		Officially launched the NPL investment company Woori Financial F&I Inc.

January 13, 2022		Joined the global environment initiative Taskforce on Nature-related Financial Disclosures (TNFD)

February 4, 2022		Recognized as an ‘Industry Mover’ in a sustainability assessment by S&P Global for 2022

February 10, 2022		Disposal by the Korea Deposit Insurance Corporation of a 2.2% stake in Woori Financial Group (reducing the KDIC’s stake in Woori Financial Group from 5.8% to 3.6%)

May 11, 2022		Became the first company in the world to join the launch of the ‘Business for Land (B4L) Initiative’ for the protection of sustainable forests and the recovery of land degradation

May 18, 2022		Disposal by the Korea Deposit Insurance Corporation of a 2.3% stake in Woori Financial Group (reducing the KDIC’s stake in Woori Financial Group from 3.6% to 1.3%)

June 19, 2022		Held the inaugural meeting of Woori Financial Future Foundation

August 22, 2022		Joined the ‘Partnership for Biodiversity Accounting Financials(PBAF)’ as the first Asian company

November 7, 2022		Held the global conference ‘Sustainable Finance for a Better World’

December 14, 2022		Signatory of Statement from the Financial Sector at the Conference of the Parties to the ‘UN Convention on Biological Diversity(UN CBD)’

December 29, 2022		Received ‘AA’ rating from MSCI ESG Research for 2 consecutive years


January 16, 2023		Completed the establishment of the ‘WON Synergy’ system to create effective synergy within group companies

January 26, 2023		Became the first financial company in Korea to join the ‘Finance Leadership Group on Plastics’ hosted by ‘UN Environment Programme Finance Initiative (UNEP FI)’

February 27, 2023		Entered into a stock purchase agreement to acquire Daol Investment (52% ownership)

March 23, 2023		Daol Investment, re-named Woori Venture Partners, incorporated as a subsidiary into the Company

March 24, 2023		Jong-Yong Yim appointed as the 9th chairman of Woori Financial Group (4th annual general meeting of shareholders of Woori Financial Group)

April 21, 2023		Resolved to repurchase and cancel treasury shares, a first-time since the transition to a holding company

June 01, 2023		Entered into a comprehensive stock exchange agreement with Woori Investment Bank and Woori Venture Partners

August 08, 2023		Woori Investment Bank and Woori Venture Partners to each become a wholly-owned subsidiary of the Company

August 24, 2023		Group Carbon Emission Reduction Target validated by SBTi (Science Based Targets initiative)

October 05, 2023		Entered into a memorandum of understanding with the Korea Deposit Insurance Corporation to purchase its remaining stake in Woori Financial Group (1.2%)

December 22, 2023		A capital increase of KRW 500 billion conducted by Woori Investment Bank (to enhance competitiveness)

December 26, 2023		Obtained an ‘AAA’ rating from MSCI ESG assessment

March 13, 2024		Resolved to acquire and cancel the remaining shares owned by the Korea Deposit Insurance Corporation

August 1, 2024		Established Woori Investment Securities Co., Ltd. as a new direct subsidiary


August 28, 2024		Entered into share purchase agreements to acquire Tongyang Life Insurance and ABL Life Insurance

September 24, 2024		Included in the ‘KRX Korea Value-up Index’

November 28, 2024		Launched the new universal banking mobile application NEW ‘Woori WON Banking’

December 17, 2024		Included in the Dow Jones Sustainability Indexes (DJSI) World Index

March 26, 2025		Established an Ethics and Internal Control Committee within the Board of Directors

July 1, 2025		Incorporated Tongyang Life Insurance and ABL Life Insurance as subsidiaries of the Company

July 31, 2025		Integrated Woori Asset Trust Co., Ltd. as a wholly-owned subsidiary of the Company

b.	Affiliated Companies

(1)

Overview of Business Group

Name of business group: Woori Financial Group Inc.

(2)

Affiliated companies within the business group

As of June 30, 2025


Type		Name of Company

Listed company (3 companies)		Woori Financial Group
		PT Bank Woori Saudara Indonesia 1906 Tbk
		PT Woori Finance Indonesia Tbk

Unlisted company (35 companies)		Woori Bank
		Woori Card
		Woori Financial Capital
		Woori Investment Securities
		Woori Asset Trust
		Woori Savings Bank
		Woori Financial F&I Inc.
		Woori Asset Management
		Woori Venture Partners
		Woori Private Equity Asset Management
		Woori Credit Information


Type		Name of Company
		Woori Fund Services
		Woori FIS
		Woori Finance Research Institute
		Korea BTL Infrastructure Fund
		Woori America Bank
		Woori Bank China Limited
		AO Woori Bank
		Banco Woori Bank do Brazil S.A.
		Woori Global Markets Asia Limited
		Woori Bank Vietnam Limited
		Wealth Development Bank
		Woori Finance Myanmar Co., Ltd.
		Woori Bank (Cambodia) PLC.
		Woori Bank Europe Gmbh
		Tutu Finance-WCI Myanmar Co., Ltd.
		WFBS Financial Stability Private Equity Fund No.1
		Woori Venture Partners US, Inc.
		KTBN GI Private Equity Fund
		Arden Woori Apparel 1st Private Equity Fund
		Woori Dino 1st Private Equity Fund
		Green ESG Growth No.1 Private Equity Fund
		Woori Corporate Turnaround No.1 Private Equity Fund
		NH Woori Dino Co-Investment No.2 Private Equity Fund
		Woori Eugene Energy Link Private Equity Fund

Note 1)

Includes first-tier and second-tier subsidiaries under the Financial Holding Company Act

LOGO

1)	Including group company shares 34.67%

2)	Including group company shares 36.15%

3)	Including group company shares 7.86%

2.	Capital Structure (Changes in Capital)

This section has been omitted for half-year business reports, pursuant to Korean regulations (revised in March 2022) that allow for such omissions. For information on this section, please refer to the Form 6-K furnished to the Securities and Exchange Commission on March 18, 2025 under the title “Summary of 2024 Business Report.”

3.	Total Number of Authorized Shares


As of June 30, 2025		(unit: shares)


Items	Type				Notes
Items	Common Shares		Total		Notes
Number of authorized shares		4,000,000,000		4,000,000,000	—
Number of issued shares		760,535,260		760,535,260	—
Number of decreased shares		17,943,759		17,943,759	Cancellation of Treasury Shares Note 1)
Number of treasury shares		8,562,964		8,562,964	Note 2), Note 3)
Number of outstanding shares		734,028,537		734,028,537	—

Note 1)

Cancellation of treasury shares : 8,585,799 shares in October 2023, 9,357,960 shares in March 2024

Note 2)

Including 53,945 shares acquired through the issuance of fractional shares (2 shares acquired from the partial replacement of physical stock certificates in 2019, 2,322 new fractional shares were added in August 2021 due to the comprehensive stock exchange between Woori Financial Group and Woori Financial Capital, 51,621 shares from comprehensive stock exchange between Woori Financial Group and Woori Investment Bank and between Woori Financial Group and Woori Venture Partners in August 2023)

Note 3)

Including the acquisition of 8,509,019 shares under a share buyback program via a trust agreement for the first half of 2025 (based on the shareholders’ register as of June 30, 2025). The purchase of 8,515,181 shares, equivalent to the trust agreement amount of KRW 150 billion, was completed as of June 30, 2025.

II.

Business Overview

1.	Results of Operations

(unit: billions of Won)


Type	2025 1H		2024			2023
Operating income		1,978		4,255			3,499
Net non-operating income (expense)		73		(32	)		18
Income before income tax		2,051		4,223			3,517
Income tax expense (-)		457		1,051			891
Net income		1,594		3,171			2,627
Controlling Interest		1,552		3,086			2,506
Non-controlling Interest		42		85			121

Note 1)

Based on K-IFRS consolidated financial statements

2.	Funding Sources and Uses of Funds

a.	Sources of Funds


For the periods indicated other than as noted below		(units: millions of Won, %)


Classification	Funding Source		2025 1H						2024						2023
Classification	Funding Source		Average Balance		Interest Rate		Proportion		Average Balance		Interest Rate		Proportion		Average Balance		Interest Rate		Proportion
Source		Deposits		357,628,895		2.54		68.82		351,584,810		2.88		69.89		324,824,465		2.83		68.98
		Borrowings		26,688,773		3.52		5.14		28,000,803		4.09		5.57		28,052,983		4.02		5.96
		Debentures		48,108,890		3.72		9.26		43,989,333		4.00		8.74		42,458,653		3.55		9.02
		Others		51,524,199		—		9.91		44,591,752		—		8.86		42,829,998		—		9.09
Total Liabilities				483,950,757		—		93.13		468,166,698		—		93.06		438,166,099		—		93.05
Total Equity				35,711,263		—		6.87		34,913,425		—		6.94		32,708,219		—		6.95
Total Liabilities & Equity				519,662,020		—		100.00		503,080,123		—		100.00		470,874,318		—		100.00

Note 1)

Average Balance : the simple average of the balances at the start of the fiscal year and at the end of each quarter

Note 2)

Based on K-IFRS consolidated financial statements

b.	Use of Funds


For the periods indicated other than as noted below		(units: millions of Won, %)


Type	Managed Item	2025 1H						2024						2023
Type	Managed Item	Average Balance		Interest Rate		Proportion		Average Balance		Interest Rate		Proportion		Average Balance		Interest Rate		Proportion
Use	Cash & Due from Banks		18,078,561		3.20		3.48		18,441,851		3.38		3.67		16,692,268		3.26		3.54
	Marketable securities		78,200,671		3.53		15.05		76,997,821		3.53		15.31		75,522,522		3.61		16.04
	Loans		365,864,908		4.59		70.40		360,802,414		4.93		71.72		334,205,508		5.08		70.98
	Loans in local currency		314,462,020		4.28		60.51		309,771,603		4.65		61.58		287,312,990		4.84		61.02
	Loans in foreign currency		35,617,724		6.02		6.85		34,224,957		6.58		6.80		31,215,114		6.64		6.63
	Guarantee payments		11,154		1.88		0.00		11,571		1.96		0.00		14,567		2.28		0.00
	Credit card receivables		12,214,514		7.96		2.35		12,224,048		7.33		2.43		11,215,186		6.85		2.38
	Foreign bills bought		3,559,496		5.54		0.69		4,570,235		5.58		0.91		4,447,651		5.33		0.95
	Bad debt expense in local currency		3,429,878		—		0.66		3,198,795		—		0.65		2,609,403		—		0.55
	Others		60,947,758		—		11.73		50,036,832		—		9.95		47,063,423		—		9.99
Total Assets			519,662,020		—		100.00		503,080,123		—		100.00		470,874,318		—		100.00

Note 1)

Average Balance : the simple average of the balances at the start of the fiscal year and at the end of each quarter

Note 2)

Based on K-IFRS consolidated financial statements

3.	Other Information Necessary for Making Investment Decisions

a.	Capital Adequacy Ratios

Group BIS Capital Adequacy Ratios


As of the end of the period indicated		(units: billions of Won, % )


Type	2025 1H		2024		2023
Equity capital (A)		36,850		36,928		34,756
Risk weighted assets (B)		229,464		235,100		219,792
BIS(Capital adequacy) ratio (A/B)		16.06		15.71		15.81

Note 1)

BIS (Bank for International Settlements) Capital Adequacy Ratios = Equity capital / Risk weighted assets * 100

Note 2)

2025 1H figures are preliminary and are subject to change

Note 3)

Based on K-IFRS consolidated financial statements and Basel III standards

Capital Adequacy Ratios for Significant Subsidiaries and Consolidated Companies


As of the end of the periods indicated		(units: hundreds of millions of Won, % )


Name of Company	Type		2025 1H		2024		2023
Woori Bank Note2)	BIS capital adequacy ratio Note1)	Equity capital (A)		315,757		304,302		282,379
		Risk weighted assets (B)		1,860,358		1,920,087		1,760,737
		Capital adequacy ratio (A/B)		16.97		15.85		16.04
Woori Card Note3)	Adjusted capital ratio			18.72		17.70		16.03
Woori Card Note3)	Tangible common equity ratio			12.85		12.37		10.97
Woori Financial Capital Note3)	Adjusted capital ratio			15.28		15.09		14.35
Woori Financial Capital Note3)	Tangible common equity ratio			12.43		11.83		11.48
Woori Investment Securities Note4)	Net capital ratio			1,231.78		2,098.64		—
Woori Investment Securities Note4)	Debt-to-asset ratio			117.00		119.41		—
Woori Asset Trust Note5)	Operating capital ratio			8,498.36		4,057.29		1,284.26
Woori Asset Management Note3)	Minimum operating capital ratio			693.22		739.31		650.26
Woori Venture Partners Note6)	Tangible common equity ratio			92.46		95.70		90.82
Woori Savings Bank Note7)	BIS capital adequacy ratio Note1)			17.27		16.37		13.21
Woori Private Equity Asset Management Note3)	Minimum operating capital ratio			8,288.46		8,161.97		8,618.79

Note 1)

BIS (Bank for International Settlements) Capital Adequacy Ratio : Equity capital / Risk weighted assets * 100

Note 2)

Figures for Woori Bank are based on K-IFRS consolidated financial statements and Basel III standards. 2025 1H figures are estimates only and are subject to change

Note 3)

Figures for Woori Card, Woori Financial Capital, Woori Asset Management and Woori Private Equity Asset Management are based on the applicable standards for business reports submitted to the Financial Supervisory Service and their respective K-IFRS separate financial statements

Note 4)

Figures for Woori Investment Securities (established in August 2024) are calculated as follows:

Net capital ratio: (net operating capital – total risk amount)/required maintenance capital x 100

: based on the applicable standards for business reports submitted to the Financial Supervisory Service

Debt-to-asset ratio: (actual assets)/(actual liability) x 100

: based on K-IFRS separate financial statements

Note 5)

Woori Asset Trust’s operating capital ratio = (net operating capital – subordinated debt, etc.)/(total risk amount) x 100

: based on K-IFRS separate financial statements

Note 6)

Figures for Woori Venture Partners are based on K-IFRS consolidated financial statements

Note 7)

Figures for Woori Savings Bank are based on K-GAAP

b.	Liquidity Ratios

Won Liquidity Ratios


As of the end of the periods indicated		(units: millions of Won, % )


Type	2025 1H						2024						2023
Type	Won Liquidity Assets		Won Liquidity Liabilities		Won Liquidity Ratio		Won Liquidity Assets		Won Liquidity Liabilities		Won Liquidity Ratio		Won Liquidity Assets		Won Liquidity Liabilities		Won Liquidity Ratio
Woori Financial Group Note 1)		1,660,705		165,466		1,003.7		353,835		10,905		3,244.7		111,895		8,155		1,372.1
Woori Card Note 2)		8,433,405		2,281,217		369.7		8,722,587		2,785,182		313.2		9,119,265		2,454,480		371.5
Woori Financial Capital Note 2)		1,681,007		1,326,181		126.8		1,850,758		1,317,695		140.5		1,919,083		1,245,067		154.1
Woori Investment Securities Note 2)		6,010,146		3,456,542		173.9		4,982,461		2,660,153		187.3		4,032,290		1,926,080		209.4
Woori Asset Trust Note 2)		149,910		7,621		1,967.0		258,758		9,311		2,779.2		171,860		18,555		926.2
Woori Savings Bank Note 2), Note 3)		317,703		195,354		162.6		344,437		216,143		159.4		434,495		231,003		188.1
Woori Venture Partners Note 2)		119,745		13,830		865.8		136,198		6,877		1,980.4		103,367		7,210		1,433.6
Woori Private Equity Asset Management Note 2)		24,689		2,024		1,219.6		16,011		2,912		549.8		27,506		2,396		1,147.8

Note 1)

Based on current assets and liabilities within one month of maturity

Note 2)

Based on current assets and liabilities within 90 days of maturity

Note 3)

Based on K-GAAP

Foreign Currency (FC) Liquidity Ratios


As of the end of the periods indicated		(units: millions of Won, % )

Type

2025 1H

2024

2023

FC
Liquidity
Assets

FC
Liquidity
Liabilities

FC
Liquidity
Ratio

FC
Liquidity
Assets

FC
Liquidity
Liabilities

FC
Liquidity
Ratio

FC
Liquidity
Assets

FC
Liquidity
Liabilities

FC
Liquidity
Ratio

Woori Investment Securities Note 1)

2,449

285

859.71

2,581

2,146

120.24

9,450

7,362

128.36

Note 1)

Based on current assets and liabilities within three months of maturity

Liquidity Coverage Ratios (LCR)

(units: % )


Name of Company	Type	2025 1H		2024		2023
Woori Bank	Liquidity coverage ratio Note 1)		107.24		104.79		101.26
	Foreign currency liquidity coverage ratio Note 2)		147.48		184.29		162.75
	Ratio of business purpose premises and equipment		9.25		9.95		10.20

Note 1)

LCR: Average of daily ratios during a quarter (same as the calculation method used for business disclosure)

The applicable LCR requirements were 100%, 97.5% and 95% as of June 30, 2025, December 31, 2024 and December 31, 2023, respectively

Note 2)

Foreign currency LCR: ratio calculated based on averages of the amount of each category (same as the calculation method used for business disclosure)

The applicable foreign currency LCR requirement was 80%.

Note 3)

The applicable periods for LCR and foreign currency LCR are: 2Q 2025, 4Q 2024, and 4Q 2023

c.	Profitability Ratios Note1), Note2)

(units: % )


Type	2025 1H				2024				2023
Type	ROA		ROE		ROA		ROE		ROA		ROE
Woori Financial Group
Including non-controlling interests		0.60		9.38		0.61		9.60		0.54		8.65
Excluding non-controlling interests		0.58		9.13		0.60		9.34		0.52		8.25

Note 1)

Total assets and total equity : simple average of the starting balance for the fiscal year and the ending balance of each quarter

Note 2)

On an annualized basis, based on the applicable standards for business reports submitted to the Financial Supervisory Service

d.	Asset Quality

Group Asset Quality

(units: billions of Won, % )


Type	2025 1H		2024		2023
Total loans		383,989		390,066		365,780
Substandard and below loans		2,708		2,211		1,357
Substandard and below loans ratio		0.71		0.57		0.37
Non-Performing Loans (“NPL”)		2,332		1,786		1,299
NPL ratio		0.61		0.46		0.36
Substandard and below coverage ratio (A/B)		127.0		153.0		220.1
Loan loss reserve (A)		3,438		3,382		2,986
Substandard and below loans (B)		2,708		2,211		1,357

Note 1)

Based on the applicable standards for financial holding company business reports submitted to the Financial Supervisory Service

Note 2)

The figures for 2025 1H are preliminary.

Asset Quality for Significant Subsidiaries and Consolidated Companies Note1)

(units: % )


Type	2025 1H						2024						2023
Type	Substandard and below ratio		NPL ratio		Substandard and below coverage ratio		Substandard and below ratio		NPL ratio		Substandard and below coverage ratio		Substandard and below ratio		NPL ratio		Substandard and below coverage ratio
Woori Bank		0.32		0.27		179.87		0.23		0.19		247.44		0.18		0.17		320.84
Woori Card		1.39		—		104.53		1.07		—		105.46		0.97		—		104.92
Woori Financial Capital		2.39		—		96.59		1.91		—		134.18		2.37		—		113.21
Woori Investment Securities Note 2)		8.28		—		68.76		7.29		—		84.37		0.55		—		578.29
Woori Asset Trust		84.08		—		—		77.68		—		—		32.11		—		—
Woori Savings Bank Note 3)		8.10		—		75.38		9.82		—		77.43		3.53		—		101.66

Note 1)

Based on the applicable standards for business reports submitted to the Financial Supervisory Service

Note 2)

Numbers for 2023 reflect those of Woori Investment Bank. Woori Investment Securities was established in August 2024, following the merger of Korea Foss Securities and Woori Investment Bank.

Note 3)

Based on K-GAAP

III.

Financial Information

1.	Condensed Financial Statements (Consolidated)

Summary Consolidated Statement of Financial Position


(The Company and its consolidated subsidiaries, as of the end of the periods indicated)		(unit: millions of Won)


Classification	2025 1H		2024		2023
ASSETS
Cash and cash equivalents		30,008,499		27,281,123		30,556,618
Financial assets at fair value through profit or loss (“FVTPL”)		20,919,935		25,202,672		21,544,756
Financial assets at fair value through other comprehensive income		39,407,940		43,797,745		37,891,495
Securities at amortized cost		18,762,707		19,203,177		23,996,172
Loans and other financial assets at amortized cost		413,452,761		398,471,816		373,148,148
Investments in joint ventures and associates		1,776,364		1,748,810		1,795,370
Investment properties		425,820		450,788		472,768
Premises and equipment		3,294,863		3,370,585		3,176,759
Intangible assets and goodwill		1,066,480		1,091,402		996,842
Assets held for sale		188,764		73,989		20,345
Net defined benefit asset		2,626		146,109		240,260
Current tax assets		43,745		61,613		203,542
Deferred tax assets		53,720		72,937		93,366
Derivative assets (designated for hedging)		121,375		175,191		26,708
Other assets		4,587,177		4,605,363		3,841,787

Total assets		534,112,776		525,753,320		498,004,936

LIABILITIES
Financial liabilities at FVTPL		5,088,263		9,896,597		6,138,313
Deposits due to customers		369,477,799		366,821,156		357,784,297
Borrowings		31,418,274		30,117,031		30,986,746
Debentures		49,166,841		48,207,103		41,239,245
Provisions		620,545		611,428		806,031
Net defined benefit liability		25,284		5,424		6,939
Current tax liabilities		604,383		127,126		103,655
Deferred tax liabilities		550,179		858,822		470,311
Derivative liabilities (designated for hedging)		75,869		102,815		153,007
Other financial liabilities		40,613,948		32,314,051		26,115,005
Other liabilities		755,873		796,498		803,897

Total liabilities		498,397,258		489,858,051		464,607,446

EQUITY
Owners’ equity:		34,175,486		34,096,836		31,666,881


Classification	2025 1H			2024			2023
Capital stock		3,802,676			3,802,676			3,802,676
Hybrid securities		3,510,947			3,810,435			3,611,129
Capital surplus		934,351			934,100			935,563
Other equity		(1,806,515	)		(1,400,885	)		(1,668,957	)
Retained earnings		27,734,027			26,950,510			24,986,470
Non-controlling interests		1,540,032			1,798,433			1,730,609

Total equity		35,715,518			35,895,269			33,397,490

Total liabilities and equity		534,112,776			525,753,320			498,004,936

Number of consolidated subsidiaries (excluding holding company)		183			188			179

Summary Consolidated Statement of Comprehensive Income


(The Company and its consolidated subsidiaries, for the periods indicated)		(unit: millions of Won, except per share amounts)


Classification	2025 1H			2024 1H			2024			2023
Operating income		1,977,714			2,404,009			4,255,190			3,499,029
Net interest income		4,513,808			4,395,099			8,886,336			8,742,540
Net fees and commissions income		1,033,752			1,058,166			2,086,170			1,720,481
Dividend income		142,433			152,738			310,320			240,293
Net gain or loss on financial instruments at FVTPL		(122,936	)		902,118			1,492,783			488,486
Net gain or loss on financial assets at FVTOCI		80,823			38,515			96,620			(37,641	)
Net gain or loss arising on financial assets at amortized cost		53,151			165,645			286,885			203,942
Impairment losses due to credit loss		(943,310	)		(775,492	)		(1,716,295	)		(1,894,916	)
General and administrative expenses		(2,479,086	)		(2,100,987	)		(4,468,973	)		(4,443,433	)
Other net operating expenses		(300,921	)		(1,431,793	)		(2,718,656	)		(1,520,723	)

Non-operating income (expense)		73,366			(13,150	)		(32,343	)		18,424

Net income before income tax expense		2,051,080			2,390,859			4,222,847			3,517,453

Income tax expense		(456,781	)		(590,439	)		(1,051,378	)		(890,559	)

Net income		1,594,299			1,800,420			3,171,469			2,626,894

Net income attributable to owners		1,552,019			1,755,496			3,085,995			2,506,296
Net income attributable to the non-controlling interests		42,280			44,924			85,474			120,598

Other comprehensive income (loss), net of tax		(319,744	)		66,598			382,719			663,537

Items that will not be reclassified to profit or loss		(69,441	)		(136,151	)		(200,341	)		122,334


Classification	2025 1H			2024 1H		2024		2023
Items that may be reclassified to profit or loss		(250,303	)		202,749		583,060		541,203

Total comprehensive income		1,274,555			1,867,018		3,554,188		3,290,431

Comprehensive income attributable to the owners		1,244,502			1,819,493		3,454,620		3,164,464
Comprehensive income attributable to non-controlling interests		30,053			47,525		99,568		125,967
Net income per share:
Basic and diluted income per share (in Korean Won)		2,006			2,262		3,950		3,230

2.	Condensed Financial Statements (Separate)

Summary Statement of Financial Position


(The Company, as of the end of the periods indicated)		(unit: millions of Won)


Classification	2025 1H		2024		2023
ASSETS
Cash and cash equivalents		1,689,577		1,185,912		289,507
Financial assets at fair value through other comprehensive income		563,013		553,518		539,709
Loans and other financial assets at amortized cost		903,217		204,431		1,104,815
Investments in subsidiaries		24,206,017		24,206,017		23,670,476
Premises and equipment		3,898		5,304		6,609
Intangible assets		3,317		3,308		4,052
Net defined benefit asset		—		1,378		3,941
Current tax assets		28,833		33,120		158,951
Deferred tax assets		2,055		4,379		7,478
Other assets		155,622		155,670		484

Total assets		27,555,549		26,353,037		25,786,022

LIABILITIES
Debentures		2,537,302		2,037,567		1,587,659
Provisions		1,869		1,252		1,227
Net defined benefit liability		967		—		—
Current tax liabilities		568,838		84,701		32,125
Other financial liabilities		83,188		76,382		163,621
Other liabilities		356		404		392

Total liabilities		3,192,520		2,200,306		1,785,024


Classification	2025 1H			2024			2023
EQUITY
Capital stock		3,802,676			3,802,676			3,802,676
Hybrid securities		3,510,737			3,810,225			3,610,953
Capital surplus		8,120,236			11,120,236			11,120,236
Other equity		(144,569	)		(1,189	)		(7,871	)
Retained Earnings		9,073,949			5,420,783			5,475,004

Total equity		24,363,029			24,152,731			24,000,998

Total liabilities and equity		27,555,549			26,353,037			25,786,022

Summary Statement of Comprehensive Income


(The Company, for the periods indicated)		(unit: millions of Won, except per share amounts)


Classification	2025 1H			2024 1H			2024			2023
Operating income:		1,368,995			1,158,218			1,123,301			1,424,670

Net interest income (expense)		(13,394	)		6,181			2,128			27,495
Interest income		21,628			28,748			51,778			64,592
Interest expense		(35,022	)		(22,567	)		(49,650	)		(37,097	)
Net fees and commissions loss		(12,766	)		(8,848	)		(20,319	)		(20,097	)
Fees and commissions income		876			813			1,625			1,625
Fees and commissions expense		(13,642	)		(9,661	)		(21,944	)		(21,722	)
Dividend income		1,435,418			1,195,721			1,208,522			1,482,956
Net gain or loss on financial instruments at FVTPL		—			—			—			2,023
Reversal of (Provisions for) impairment losses due to credit loss		(115	)		(442	)		608			(348	)
General and administrative expenses		(40,148	)		(34,394	)		(67,638	)		(67,359	)

Non-operating income (expense)		13			(63	)		(147	)		(1,043	)

Net income before income tax expense		1,369,008			1,158,155			1,123,154			1,423,627

Income tax benefit (expense)		(212	)		(658	)		178			881

Net income		1,368,796			1,157,497			1,123,332			1,424,508

Other comprehensive income, net of tax		5,887			3,025			9,138			18,916

Items that will not be reclassified to profit or loss		5,887			3,025			9,138			18,916
Net gain on valuation of equity securities at FVTOCI		6,988			4,008			10,164			19,789
Remeasurement of the net defined benefit liability		(1,101	)		(983	)		(1,026	)		(873	)

Total comprehensive income		1,374,683			1,160,522			1,132,470			1,443,424

Net income per share:
Basic and diluted income per share (in Korean Won)		1,749			1,450			1,296			1,754

3.	Dividend Information


Items		2025 1H		2024		2023
Par value per share (Won)			5,000		5,000		5,000
Net profit (Millions of Won)			1,552,019		3,085,995		2,506,296
Earnings per share (Won)			2,006		3,950		3,230
Total cash dividends (Millions of Won)			294,232		891,045		747,302
Total stock dividends (Millions of Won)			—		—		—
Cash dividend payout ratio (%)			18.96		28.87		29.82
Cash dividend yield (%)	Common Shares		1.6		6.9		6.7
Cash dividend yield (%)	Preferred Shares		—		—		—
Stock dividend yield (%)	Common Shares		—		—		—
Stock dividend yield (%)	Preferred Shares		—		—		—
Cash dividend per share (Won)	Common Shares		400		1,200		1,000
Cash dividend per share (Won)	Preferred Shares		—		—		—
Stock dividend per share (Share)	Common Shares		—		—		—
Stock dividend per share (Share)	Preferred Shares		—		—		—

Note 1)

The dividends for the first half of 2025 include quarterly dividends of KRW 147,428 million (KRW 200 per share) for the first quarter and KRW 146,804 million (KRW 200 per share) for the second quarter. The dividends for the second quarter of 2025 were determined through a board resolution on July 25, 2025.

Note 2)

The dividends for FY2024 include quarterly dividends of KRW 133,657 million (KRW 180 per share) for the first quarter, KRW 133,657 million (KRW 180 per share) for the second quarter, and KRW 133,657 million (KRW 180 per share) for the third quarter

Note 3)

The dividends for FY2023 include interim dividends of KRW 130,748 million (KRW 180 per share) for the second quarter, and KRW 135,341 million (KRW 180 per share) for the third quarter

Note 4)

The cash dividend yield for the first half of 2025 is calculated as the percentage of cash dividend per share to the arithmetic average of the final prices formed in the stock market during the week up to the trading day before the date the dividend amount is determined. The percentage is rounded to the first decimal place.

Note 5)

The cash dividend yields for FY2023 and FY2024 are calculated as the percentage of cash dividend per share to the arithmetic average of the final prices formed in the stock market during the week up to the date that is two trading days before the record date. The percentage is rounded to the first decimal place.

IV.

Independent Auditor’s Opinion

1.	Independent Auditor’s Opinion


	2025 1H	2024	2023
Auditor	KPMG Samjong Accounting Corp.	KPMG Samjong Accounting Corp.	KPMG Samjong Accounting Corp.
Auditor’s Opinion	Note 1)	Note 2)	Note 3)

Note 1)

In its review report attached to this report, KPMG Samjong Accounting Corp. has stated that nothing had come to their attention that caused them to believe that the accompanying consolidated and separate interim financial statements of Woori Financial Group are not presented fairly in all material respects, in accordance with Korean IFRS.

Note 2)

In its audit report, KPMG Samjong Accounting Corp. has stated that the financial statements are presented fairly, in all material respects, in accordance with Korean IFRS.

Note 3)

In its audit report, KPMG Samjong Accounting Corp. has stated that the financial statements are presented fairly, in all material respects, in accordance with Korean IFRS.

2.	Compensation to the Independent Auditor

a.	Audit Services

Term

Auditor

Description

Contractual

Actual

Fee

Time

Fee

Time

2025 1H

KPMG Samjong Accounting Corp.

1Q/1H/3Q Review Closing audit (including internal accounting management system)

KRW 1,065 million

10,009 hours

KRW 360 million

3,904 hours

2024

KPMG Samjong Accounting Corp.

1Q/1H/3Q Review Closing audit (including internal accounting management system)

KRW 1,037 million

9,930 hours

KRW 1,037 million

9,937 hours

2023

KPMG Samjong Accounting Corp.

1Q/1H/3Q Review Closing audit (including internal accounting management system)

KRW 964 million

9,380 hours

KRW 964 million

9,613 hours

Note 1)

Fee excludes VAT

Note 2)

Time includes planning time up until the commencement of the applicable services

b.	Other Audit Services

Not Applicable

c.	Current Status of Audit Service Agreements with the Independent Auditor Relating to U.S. Listing


Term	Auditor	Description	Fee
2025 1H	KPMG Samjong Accounting Corp.	U.S. PCAOB standard audit of consolidated financial statements and internal control over financial reporting (for FY2025)	KRW 2,028 million
2024	KPMG Samjong Accounting Corp.	U.S. PCAOB standard audit of consolidated financial statements and internal control over financial reporting (for FY2024)	KRW 2,015 million
2023	KPMG Samjong Accounting Corp.	U.S. PCAOB standard audit of consolidated financial statements and internal control over financial reporting (for FY2023)	KRW 1,891 million

Note 1)

Fee excludes VAT

d.	Non-Audit Services


Term	Date of Execution of Agreement	Description of Service	Service Term	Fees
2025 1H	April 9, 2025	Tax adjustment (including review relating to application of consolidated tax)	April 9, 2025 ~ June 1, 2026	KRW 76 million
2024	March 31, 2024	Tax adjustment (including review relating to application of consolidated tax)	April 1, 2024 ~ June 2, 2025	KRW 68 million
2023	March 31, 2023	Tax adjustment (including review relating to application of consolidated tax)	April 1, 2023 ~ May 31, 2024	KRW 64 million

Note 1)

Fee excludes VAT

V.	Corporate Governance

1.	About the Board of Directors

a.	Composition of the Board of Directors

As of June 30, 2025, our board of directors consisted of eight directors in total, including seven independent directors and one standing director.

On March 26, 2025, at the annual general meeting of shareholders, five independent directors were appointed.

- New independent directors (4): Choon-Soo Kim, Young-Hoon Kim, Kang-Haeng Lee, Yeong-Seop Rhee / Reappointed independent director (1): In-Sub Yoon

On March 26, 2025, four (4) independent directors completed their terms: Chan-Hyoung Chung, Su-Young Yun, Yo-Hwan Shin, Sung-Bae Ji

The board of directors operates a total of seven standing committees: Audit Committee, Risk Management Committee, Compensation Committee, Officer Candidate Recommendation Committee, Ethics and Internal Control Committee, Subsidiary Representative Director Candidate Recommendation Committee, ESG Management Committee.

At the 4th Board Meeting held on March 26, 2025, the independent director In-Sub Yoon was appointed as the Chairman of the Board. Having served for more than three years since our establishment, he possesses a deep understanding of our organizational culture and management issues. Throughout his tenure as Chairman of the Risk Management Committee (March 25, 2022 – March 26, 2025), he has faithfully carried out his oversight duties over sound management.

As a former CEO with hands-on experience in the financial industry, he is expected to contribute significantly to our development by offering practical and well-balanced insights. In recognition of his expertise and leadership, he was reappointed as Chairman of the Board of Woori Financial Group with the unanimous consent of all board members. The Chairman of the Board does not concurrently hold the position of CEO.

b.	Committees under the Board of Directors

We currently have the following committees serving under the board of directors:

(a)

Audit Committee

(b)

Risk Management Committee

(c)

Compensation Committee

(d)

Officer Candidate Recommendation Committee

(e)

Ethics and Internal Control Committee

(f)

Subsidiary Representative Director Candidate Recommendation Committee

(g)

ESG Management Committee

(As of June 30, 2025)


Name of Committee	Composition	Names of Members

Audit Committee	Four independent directors	(Chair) Yeong-Seop Rhee (independent director) Choon-Soo Kim (independent director) Young-Hoon Kim (independent director) Kang-Haeng Lee (independent director)

Risk Management Committee	Four independent directors	(Chair) Sun-Young Park (independent director) In-Sub Yoon (independent director) Yeong-Seop Rhee (independent director) Eun-Ju Lee (independent director)

Compensation Committee	Four independent directors	(Chair) Young-Hoon Kim (independent director) In-Sub Yoon (independent director) Choon-Soo Kim (independent director) Kang-Haeng Lee (independent director)

Officer Candidate Recommendation Committee	Seven independent directors	(Chair) Kang-Haeng Lee (independent director) In-Sub Yoon (independent director) Choon-Soo Kim (independent director) Young-Hoon Kim (independent director) Yeong-Seop Rhee (independent director) Eun-Ju Lee (independent director) Sun-Young Park (independent director)

Ethics and Internal Control Committee	Five independent directors	(Chair) Choon-Soo Kim (independent director) In-Sub Yoon (independent director) Young-Hoon Kim (independent director) Kang-Haeng Lee (independent director) Yeong-Seop Rhee (independent director)

Subsidiary Representative Director Candidate Recommendation Committee	Seven independent directors One standing director	(Chair) Jong-Yong Yim (standing director) In-Sub Yoon (independent director) Choon-Soo Kim (independent director) Young-Hoon Kim (independent director) Kang-Haeng Lee (independent director) Yeong-Seop Rhee (independent director) Eun-Ju Lee (independent director) Sun-Young Park (independent director)


Name of Committee	Composition	Names of Members

ESG Management Committee	Seven independent directors One standing director	(Chair) Eun-Ju Lee (independent director) In-Sub Yoon (independent director) Choon-Soo Kim (independent director) Young-Hoon Kim (independent director) Kang-Haeng Lee (independent director) Yeong-Seop Rhee (independent director) Sun-Young Park (independent director) Jong-Yong Yim (standing director)

2.	Shareholder’s Meeting

a.	Voting Rights

(unit: shares, as of June 30, 2025)


Items		Number of shares		Notes
Number of issued shares	Common Shares		742,591,501		—
Number of issued shares	Preferred Shares		—		—
Number of shares without voting rights	Common Shares		11,591,359		Note 1	)
Number of shares without voting rights	Preferred Shares		—		—
Number of shares for which voting rights are excluded pursuant to the articles of incorporation	Common Shares		—		—
	Preferred Shares		—		—
Number of shares for which voting rights are limited by law	Common Shares		—		—
	Preferred Shares		—		—
Number of shares for which voting rights have been restored	Common Shares		—		—
	Preferred Shares		—		—
Number of shares for which voting rights may be exercised	Common Shares		731,000,142		—
Number of shares for which voting rights may be exercised	Preferred Shares		—		—

Note 1)

Treasury shares acquired from the issuance of fractional shares and a buyback program via a trust agreement (Feb. 7,2025) and shares in mutual ownership (pursuant to Article 369 of the Commercial Code)

b.	Summary of the Shareholder’s Meeting Minutes


	Agenda	Result

Annual General Meeting of Shareholders for FY2022 (March 24, 2023)	1. Approval of separate financial statements (including statements of appropriations of retained earnings) and consolidated financial statements for the fiscal year 2022 (Jan. 1, 2022 – Dec. 31, 2022)	Approved as submitted
	2. Approval of amendments to the Articles of Incorporation	Approved as submitted
	3. Election of directors (2 independent directors, 1 standing director) - 3-1 Candidate for independent director : Chan-Hyoung Chung - 3-2 Candidate for independent director : Su-Young Yun - 3-3 Candidate for standing director : Jong-Yong Yim	Approved as submitted
	4. Election of independent director who will serve as an Audit Committee Member - Candidate for independent director who will serve as an Audit Committee Member : Sung-Bae Ji	Approved as submitted
	5. Election of Audit Committee Members who are independent directors - 5-1 Candidate for Audit Committee Member who is an Independent director : Chan-Hyoung Chung - 5-2 Candidate for Audit Committee Member who is an Independent director : Su-Young Yun - 5-3 Candidate for Audit Committee Member who is an Independent director : Yo-Hwan Shin	Approved as submitted
	6. Approval of maximum limit on directors’ compensation	Approved as submitted

Annual General Meeting of Shareholders for FY2023 (March 22, 2024)	1. Approval of separate financial statements (including statements of appropriations of retained earnings) and consolidated financial statements for the fiscal year 2023 (Jan. 1, 2023 – Dec. 31, 2023)	Approved as submitted
	2. Election of directors (5 independent directors) - 2-1 Candidate for independent director : Chan-Hyoung Chung - 2-2 Candidate for independent director : In-Sub Yoon - 2-3 Candidate for independent director : Yo-Hwan Shin - 2-4 Candidate for independent director : Eun-Ju Lee - 2-5 Candidate for independent director : Sunyoung Park	Approved as submitted
	3. Election of Audit Committee members who are independent directors (2 independent directors) - 3-1 Candidate for Audit Committee member who is an independent director : Chan-Hyoung Chung - 3-2 Candidate for Audit Committee member who is an independent director : Yo-Hwan Shin	Approved as submitted
	4. Approval of the maximum limit on directors’ compensation	Approved as submitted


Annual General Meeting of Shareholders for FY2024 (March 26, 2025)	1. Approval of separate financial statements (including statements of appropriations of retained earnings) and consolidated financial statements for fiscal year 2024 (Jan. 1, 2024 – Dec. 31, 2025)	Approved as submitted
	2. Approval of amendments to the Articles of Incorporation	Approved as submitted
	3. Approval of reductions to the capital reserve	Approved as submitted
	4. Election of directors (4 independent directors) - 4-1 Candidate for independent director : Choon-Soo Kim - 4-2 Candidate for independent director : Young-Hoon Kim - 4-3 Candidate for independent director : Kang-Haeng Lee - 4-4 Candidate for independent director : In-Sub Yoon	Approved as submitted
	5. Election of independent director who will serve as an audit committee member - Candidate for independent director who will serve as an audit committee member : Yeong-Seop Rhee	Approved as submitted
	6. Election of audit committee members who are independent directors (3 independent directors) - 6-1 Candidate for audit committee member who is an independent director : Choon-Soo Kim - 6-2 Candidate for audit committee member who is an independent director : Young-Hoon Kim - 6-3 Candidate for audit committee member who is an independent director : Kang-Haeng Lee	Approved as submitted
	7. Approval of the maximum limit on directors’ compensation	Approved as submitted

VI.

Shareholder Information

1.	Share Distribution

a.	Share Information of the Largest Shareholder and Specially Related Parties


As of June 30, 2025		(units: shares, %)


Name	Relation	Type		Shares Held								Notes
				Beginning balance				Ending balance
				Number		Share		Number		Share
Employee Stock Ownership Association of Woori Financial Group	The largest shareholder		Common		44,474,301		5.99		43,161,084		5.81		—
Employee Stock Ownership Association of Woori Bank	Specially related party of the largest shareholder		Common		19,106,955		2.57		16,269,022		2.19		—
Total			Common		63,581,256		8.56		59,430,106		8.00		—
			Others		—		—		—		—		—

b.	Changes in the largest shareholder


As of June 30, 2025		(units: shares, %)


Change of Date	Largest Shareholder	Number Held	Share	Notes
December 9, 2021	Employee Stock Ownership Association of Woori Financial Group and 1 other	71,346,178	9.80	Bought 1.00% of the KDIC’s remaining shares of Woori Financial Group (8.80% share already held) Note 1)

Note 1)

Refer to the prior disclosure on the Form 6-K on December 10, 2021, Changes in the Largest Shareholder

c.	Share Ownership of More Than 5%


As of June 30, 2025		(units: shares, %)

Name

Shares

Notes

No. of shares

Percentage of
shareholding

Share ownership of more than 5%

National Pension Service

48,740,895

6.56

—

Blackrock Fund Advisors

45,100,755

6.07

Note 1)

Employee Stock Ownership Association

59,430,106

8.00

The largest shareholder
Note 2)

Note 1)

Based on the report on the status of large-scale stock holdings dated June 10, 2024

Note 2)

Total shares of the employee stock ownership association of Woori Financial Group and Woori Bank

2.	Stock Price and Stock Market Performance

a.	Domestic Stock Market

(units: Won, shares)


Period		January 2025		February 2025		March 2025		April 2025		May 2025		June 2025
Common Shares	High		16,100		17,420		16,930		17,710		19,270		22,550
	Low		15,260		15,390		15,970		15,370		17,620		18,890
	Average		15,549		16,679		16,420		16,579		18,103		21,068
Monthly Trade Volume	High		2,647,462		6,554,417		2,703,757		2,783,375		6,892,555		6,099,578
	Low		894,957		1,210,976		797,302		924,766		766,082		1,930,722
	Monthly Total		27,587,321		48,069,347		32,659,261		38,691,297		35,843,364		62,087,483

Note 1)

Source: KRX KOSPI Market

Note 2)

Share prices are based on closing prices.

b.	Foreign Stock Market (NYSE)

(units: US Dollars, Won, ADSs)


Period		January 2025		February 2025		March 2025		April 2025		May 2025		June 2025
ADS	High		33.00		35.80		34.44		37.07		42.16		49.73
	Low		31.09		31.95		32.44		30.46		36.91		41.25
	Average		32.19		34.42		33.60		34.36		38.91		45.68
Won Conversion	High		47,332		51,692		50,520		53,325		57,953		67,454
	Low		45,702		46,423		46,918		44,651		53,095		56,748
	Average		46,863		49,754		48,954		49,626		54,264		62,443
Monthly Trade Volume	High		113,902		96,257		110,931		162,916		143,078		207,857
	Low		29,651		16,407		17,753		43,656		22,784		22,622
	Monthly Total		1,244,324		1,129,672		1,162,245		1,744,900		1,052,855		1,245,715

Note 1)

Source of Exchange Rate : Seoul Money Brokerage(www.smbs.biz), Won Conversion is based on standard trading rate (daily and monthly average)

Note 2)

One ADS represents three common shares.

Note 3)

Share prices are based on closing prices.

VII.

Directors and Employee Information

1.	Directors and Executives

As of June 30, 2025

Position

Name

Common
Shares
Owned

Term
Commencement Date

Expiration of Term

Chief Executive Officer

Registered

Jong-Yong Yim

10,000

March 24, 2023

Note 1)

Independent Director

Registered

In-Sub Yoon

—

January 27, 2022

Note 1)

Independent Director

Registered

Choon-Soo Kim

2,800

March 26, 2025

Note 2)

Independent Director

Registered

Young-Hoon Kim

—

March 26, 2025

Note 2)

Independent Director

Registered

Kang-Haeng Lee

7,000

March 26, 2025

Note 2)

Independent Director

Registered

Yeong-Seop Rhee

—

March 26, 2025

Note 2)

Independent Director

Registered

Eun-Ju Lee

—

March 28, 2024

Note 1)

Independent Director

Registered

Sun-Young Park

—

March 26, 2024

Note 1)

Deputy President

Non-Registered

Sung-Wook Lee

16,000

February 25, 2022

December 31, 2025

Deputy President

Non-Registered

Il-Jin Ouk

4,000

December 8, 2023

November 30, 2025

Deputy President

Non-Registered

Jang-Keun Park

2,850

December 8, 2023

March 6, 2027

Deputy President

Non-Registered

Jeong-Soo Lee

6,890

December 8, 2023

December 31, 2025

Deputy President

Non-Registered

Chan-Ho Jeong

7,492

December 8, 2023

November 30, 2025

Deputy President

Non-Registered

Kyu-Hwang Jeong

11,741

December 8, 2023

July 4, 2026

Deputy President

Non-Registered

Hyeon-Gi Jeon

4,789

December 16, 2024

December 31, 2026

Managing Director

Non-Registered

Jung-Sup Lee

—

December 16, 2024

December 31, 2026

Managing Director

Non-Registered

Je-Seong Park

5,250

December 16, 2024

December 31, 2026

Note 1)

The terms of standing director Jong-Yong Yim and independent directors In-Sub Yoon, Eun-Ju Lee, and Sun-Young Park : Until the end of the annual general meeting of shareholders for FY2025.

Note 2)

The terms of independent directors Choon-Soo Kim, Young-Hoon Kim, Kang-Haeng Lee, and Yeong-Seop Rhee: Until the end of the annual general meeting of shareholders for FY2026.

Note 3)

Term commencement date: date of inauguration for registered officers or directors / date of appointment for non-registered officers or directors

Note 4)

Excludes shares held through the Employee Stock Ownership Association, in accordance with the legal interpretation by the Financial Services Commission (FSC).

2.	Employee Status


As of June 30, 2025		(units: persons, millions of Won)


	Number of Employees											Average Tenure			Total Compensation		Average Compensation Per Person		Note
	Regular				Contract					Total
	Total		(Short time worker)		Total		(Short time worker)			Total
Total		68		—		37		(1	)		105		3 years 4 months (14 years 3 months	)		10,996		105		—

Note 1)

Average tenure: term in ( ) includes tenure at affiliated companies

Note 2)

Contract employees include non-registered executives

3.	Directors’ Compensation

(units: persons, millions of Won)


Items	Number of Persons		Total Compensation		Average Compensation Per Director		Note
Registered Directors (excludes independent directors and audit committee members)		1		761		761		—
Independent Directors (excludes audit committee members)		3		127		42		—
Audit Committee Members		4		154		38		—
Auditor		—		—		—		—

Note 1)

Number of Persons is as of June 30, 2025

Note 2)

Total Compensation is the amount paid from January to June 2025

Note 3)

Average compensation per director was calculated by dividing the total compensation by the average number of persons

Note 4)

Registered directors and audit committee members include uncompensated directors

Note 5)

Only the compensation amount paid by Woori Financial Group is included for the executives concurrently employed by Woori Bank

4.	Stock-based Compensation

The Company operates a performance-based stock-linked compensation system, pursuant to the standards established by the shareholders at the shareholders’ meeting and the Compensation Committee. The Company initially determines, for each recipient, the maximum share amounts that can be granted under the system, and then determines the final share amounts based on an evaluation of the long-term performance indices over four years (including the current year). The compensation is then paid in cash, based on the final share amount and the share price at the time the compensation is paid. The long-term performance indices include relative shareholder return, common equity ratio, return on equity, profit for the period, cost-to-income ratio, non-performing loan ratio and individual performance evaluations. For further information, please refer to the notes to the financial statements.

(Unit: shares, except number of recipients)


Items	2025 1H			2024			2023
Number of Recipients		9			13			21
Maximum Amount of Shares		85,734			194,569			160,929
Shares Paid during the Period		161,799			164,164			68,746
(Adjustments)		(21,970	)		(19,554	)		(8,982	)
Cumulative Shares Paid		394,709			232,910			68,746
Unpaid Shares		725,989			824,024			813,173

Note)

Number of Recipients: Includes employees who had retired or resigned by the end of the grant year. The total number also accounts for all personnel involved before and after changes such as internal transfers during the grant year

VIII.

Internal Controls

1.	Management’s Assessment of the Effectiveness of the Internal Accounting Management System


Term	Date of Report	Assessment	Material Deficiencies	Corrective Action Plans
2025 1H	—	—	—	—
2024	To Board: February 28, 2025 To Shareholder Meeting: March 26, 2025	In terms of overall materiality, the internal accounting management system is under effective design and operation.	—	—
2023	To Board: February 29, 2024 To Shareholder Meeting: March 22, 2024	In terms of overall materiality, the internal accounting management system is under effective design and operation.	—	—

Note)

The evaluation results are as of the end of each fiscal year, pursuant to Article 8, Paragraph 4 of the Act on External Audit of Stock Companies.

2.	Audit Committee’s Assessment of the Effectiveness of the Internal Accounting Management System


Term	Date of Report	Assessment	Material Deficiencies	Corrective Action Plans
2025 1H	—	—	—	—
2024	February 28, 2025	In terms of overall materiality, the internal accounting management system is under effective design and operation.	—	—
2023	February 29, 2024	In terms of overall materiality, the internal accounting management system is under effective design and operation.	—	—

Note)

The evaluation results are as of the end of each fiscal year, pursuant to Article 8, Paragraph 5 of the Act on External Audit of Stock Companies.

3.	External Auditor’s Audit Opinion (Review Report) on the Effectiveness of the Internal Accounting Management System


Term	Auditor	Audit or Review	Opinion Type	Issues		Company’s Response Actions
2025 1H	—	—	—		—		—
2024	KPMG Samjong Accounting Corp.	Audit	Unqualified		—		—
2023	KPMG Samjong Accounting Corp.	Audit	Unqualified		—		—

Note)

An overall opinion on the audit results as of the end of each fiscal year is included in the audit report, pursuant to Article 8, Paragraphs 6 and 7 of the Act on External Audit of Stock Companies.

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 14, 2025	By:	/s/ Sung-Wook Lee
	(Signature)

	Name:	Sung-Wook Lee
	Title:	Deputy President

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Date	Price Target	Rating	Analyst
1/16/2024		Neutral → Buy	BofA Securities
3/2/2023	$36.92 → $31.15	Buy → Neutral	BofA Securities
1/10/2022		Neutral → Buy	Goldman

SEC Form 6-K filed by Woori Financial Group Inc.

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