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
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