Business Context and Reporting Period
This Form 6-K filing by Woori Financial Group Inc. (Woori Bank) covers the month of March 2018. The document reports a resolution passed by the Board of Directors on March 2, 2018, regarding the payment of a cash dividend for the fiscal year ended December 31, 2017.
Key Financial Metrics
The filing focuses exclusively on dividend distribution details rather than comprehensive financial performance metrics such as revenue, profit, or cash flow.
- Dividend per Common Share: KRW 500 (representing 3.1% of the market price).
- Total Dividend Amount: KRW 336,635,613,000.
- Shares Subject to Payment: 673,271,226 shares.
- Record Date: December 31, 2017.
- Combined Annual Dividend: KRW 600 per share (including the 2017 interim dividend), totaling KRW 403,962,735,600.
The filing text does not provide clear values for revenue, profit, margins, debt, or liquidity.
Material Changes
The primary material event is the Board's recommendation of a final cash dividend of KRW 500 per share. This brings the total annual dividend payout to KRW 600 per share when combined with the interim dividend paid in 2017.
Guidance, Outlook, and Contingencies
Contingencies: The disbursement of the dividend is subject to the results of the audit and confirmation at the annual general meeting of shareholders.
Timing: In accordance with the Korean Commercial Code, the dividend is expected to be disbursed within one month following approval at the annual general meeting.
Investor Verification Checklist
- Confirm the final approval of the dividend at the annual general meeting of shareholders.
- Verify the audit results that serve as a condition for the dividend disbursement.
- Monitor the exact disbursement date, which is expected within one month of shareholder approval.
- Review the full 2017 annual report for comprehensive financial metrics (revenue, profit, liquidity) not included in this specific filing.