Business Context and Reporting Period
This Form 6-K filing by Woori Finance Holdings Co., Ltd. (Woori Financial Group Inc.) reports on the Annual General Meeting of Shareholders held on March 26, 2009. The meeting concerned Woori Bank, a wholly owned subsidiary, and covered the fiscal year 2008 financial results, amendments to the Articles of Incorporation, and the appointment of directors.
Key Financial Metrics (Fiscal Year 2008)
| Metric | Value (KRW) |
|---|---|
| Total Assets | 228,048,189 million |
| Total Liabilities | 216,126,911 million |
| Total Shareholder's Equity | 11,921,278 million |
| Paid-in Capital | 3,529,783 million |
| Revenue | 74,901,318 million |
| Operating Income | 475,286 million |
| Net Income | 233,976 million |
| Earnings Per Share | 364 KRW |
| Total Dividend Amount | 2,454,794,520 KRW |
| Dividend per Preferred Share | 35 KRW |
| Dividend per Common Share | Not specified |
Note: The filing text does not provide specific values for cash flow, liquidity ratios, or debt maturity profiles beyond total liabilities.
Material Changes and Corporate Actions
- Financial Approval: Shareholders approved the financial statements for fiscal year 2008.
- Dividend Declaration: A total dividend of approximately 2.45 billion KRW was approved, specifically noting a 35 KRW dividend per preferred share. No specific amount was listed for common shares in the provided text.
- Governance Changes: The board of directors was reconstituted with a mix of re-appointments and new appointments for one-year terms.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on future outlook, or specific risk factors. The document is strictly a report of the shareholder meeting outcomes and the ratification of past performance.
Investor Verification Checklist
- Verify the specific dividend amount per common share, as the filing only explicitly states the preferred share dividend and total payout.
- Confirm the full list of directors and their specific roles post-appointment, as the filing lists names and backgrounds but not specific committee assignments.
- Review the full text of the approved amendments to the Articles of Incorporation, as the filing only notes their approval without detailing the changes.
- Compare the reported Net Income and Operating Income against prior year filings to assess year-over-year performance trends, as this filing lacks comparative data.