Business Context and Reporting Period
This Form 6-K filing by Woori Financial Group Inc. (Woori Bank) was submitted on March 2, 2018. The document serves as an announcement regarding the Annual General Meeting of Shareholders for the fiscal year ended December 31, 2017.
Financial Metrics
The filing text does not provide specific financial values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on corporate governance procedures and meeting logistics rather than financial performance data.
Material Changes
No material financial changes or comparative period analysis are disclosed in this filing. The primary change noted is the Board of Directors' resolution to convene the Annual General Meeting and the proposed appointment of a new non-standing director.
Guidance, Outlook, and Corporate Actions
- Annual General Meeting: Scheduled for March 23, 2018, at 10:00 a.m. local time at the Woori Bank Head Office in Seoul.
- Agenda Items:
- Approval of financial statements for fiscal year 2017.
- Appointment of a new non-standing director: Chang-Sik Bae (Term: March 2018 to March 2020).
- Approval of the maximum limit on directors' compensation.
- Director Background: Chang-Sik Bae is currently the Head of the Office of Human Resources Development at the Korea Deposit Insurance Corporation (KDIC).
Key Facts for Investor Verification
- Verify the final approval of the 2017 financial statements at the March 23, 2018 meeting.
- Confirm the successful election of Chang-Sik Bae as a non-standing director.
- Review the approved maximum limit on directors' compensation.
- Consult the full 2017 Annual Report (Form 20-F) for detailed financial metrics not included in this announcement.