Business Context and Reporting Period
This Form 6-K filing by Woori Finance Holdings Co., Ltd. (Woori Financial Group Inc.) covers the month of May 2007, specifically dated May 23, 2007. The report details a corporate structural change involving the addition of a new subsidiary.
Key Financial Metrics
The filing does not provide consolidated revenue, profit, cash flow, or margin data for the parent company. It provides specific balance sheet figures only for the newly added subsidiary, Woori F&I Fifth Asset Securitization Specialty Co., Ltd.:
- Total Assets: 57,786,000,000 Won
- Total Liabilities: 48,751,000,000 Won
- Shareholders' Equity: 9,035,000,000 Won
- Paid-in Capital: 912,000,000 Won
Material Changes
Woori F&I Co., Ltd., a subsidiary of Woori Finance Holdings, added "Woori F&I Fifth Asset Securitization Specialty Co., Ltd." as a subsidiary effective May 23, 2007. This entity is a wholly-owned special-purpose company established under the Asset Securitization Act of Korea to conduct asset securitization operations. Following this inclusion, Woori Finance Holdings has a total of 23 subsidiaries.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, or specific risk factors beyond the standard operational scope of asset securitization.
Investor Verification Checklist
- Confirm the total number of subsidiaries for Woori Finance Holdings is now 23.
- Verify the financial standing of the new subsidiary, Woori F&I Fifth Asset Securitization Specialty Co., Ltd., specifically its leverage ratio (liabilities to equity).
- Review the specific asset classes being securitized by the new entity to assess exposure.
- Note that this filing does not contain consolidated financial results for the group.