Business Context and Reporting Period
This Form 6-K filing by Woori Finance Holdings Co., Ltd. (Woori Financial Group Inc.) covers the month of April 2008. The report specifically addresses a change in the company's subsidiary structure, effective April 3, 2008.
Key Financial Metrics
The filing provides financial data solely for the newly added subsidiary, Woori F&I Eighth Asset Securitization Specialty Co., Ltd., as of March 25, 2008. Consolidated group financial metrics (revenue, profit, cash flow, margins) are not included in this document.
| Metric | Value (KRW) |
|---|---|
| Total Assets | 36,921,000,000 |
| Total Liabilities | 30,101,000,000 |
| Total Shareholders' Equity | 6,820,000,000 |
| Paid-in Capital | 700,000,000 |
The subsidiary issued 140,000 shares with a face value of 5,000 KRW per share.
Material Changes
- New Subsidiary: Woori F&I Co., Ltd. added Woori F&I Eighth Asset Securitization Specialty Co., Ltd. as a wholly-owned subsidiary.
- Purpose: The new entity is a special-purpose company established under the Asset Securitization Act to conduct asset securitization operations.
- Subsidiary Count: The total number of subsidiaries under Woori Finance Holdings Co., Ltd. increased to 31 following this inclusion.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, future guidance, outlook, or specific risk factors beyond the operational scope of the new securitization entity. No unusual items or contingencies were disclosed in this report.
Investor Verification Checklist
- Verify the regulatory approval status of the new asset securitization subsidiary under the Asset Securitization Act.
- Confirm the specific assets transferred to Woori F&I Eighth Asset Securitization Specialty Co., Ltd. to assess credit risk exposure.
- Review the consolidated financial statements of Woori Finance Holdings Co., Ltd. for the full impact of this new subsidiary on group leverage and liquidity.