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 February 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 ☐
Resolution to Enter into a Trust Agreement for Acquisition of Treasury Shares
On February 7, 2025, the board of directors of Woori Financial Group Inc.(“Woori Financial Group”) resolved to enter into a trust agreement to acquire treasury shares. The details are as follows :
1. Total contract amount : KRW 150,000,000,000
2. Contract Period : February 11, 2025 – September 11, 2025
3. Purpose of acquisition : To stabilize stock price and enhance corporate value
4. Contracting Party : KIWOOM Securities Co., Ltd.
5. Expected date of agreement : February 11, 2025
6. Number of treasury shares as of February 7, 2025 : 53,945 shares (0.01%)
7. Date of Resolution by the board of directors : February 7, 2025
8. Brokerage company appointed for the share acquisition : KIWOOM Securities Co., Ltd.
9. Limitation on the acquisition amount of treasury shares as of February 7, 2025
| Item |
Amount (Unit : KRW million) |
|||
| 1. Upper limit of profit available for dividends in accordance with the Korean Commercial Code Note1) | 5,157,226 | |||
| 2. Amount of treasury shares acquired since the end of the previous fiscal year | 136,688 | |||
| 3. Dividends and related earnings surplus reserves resolved at the annual general shareholders’ meeting held after the end of the previous fiscal year | 620,113 | |||
| 4. Quarterly/interim dividends and related earnings surplus reserves resolved at the meeting of the board of directors after the end of the previous fiscal year | 400,970 | |||
| 5. Contract amount of the trust agreement for acquisition of treasury shares | — | |||
| 6. Amount of treasury shares disposed since the end of the previous fiscal year (based on the moving average method applied to the acquisition cost) | — | |||
| Limitation on the acquisition amount of treasury shares (1-2-3-4-5+6) |
3,999,455 | |||
Note1) As of December 31, 2023, as the financial statements for fiscal year 2024 have not been finalized yet.
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: February 7, 2025 | By: | /s/ Sung-Wook Lee | ||||
| (Signature) | ||||||
| Name: | Sung-Wook Lee | |||||
| Title: | Deputy President | |||||