Business Context and Reporting Period
This Form 6-K filing by Woori Finance Holdings Co., Ltd. (Woori Financial Group) covers the month of October 2005. The report discloses the establishment of a new subsidiary, Woori Private Equity, effective October 20, 2005.
Key Financial Metrics
The filing provides financial data solely for the new subsidiary, Woori Private Equity, as of its establishment. No consolidated financial metrics for the parent group are included in this specific report.
| Metric | Value (KRW) |
|---|---|
| Total Assets | 10,000,000,000 |
| Shareholders' Equity | 10,000,000,000 |
| Total Liabilities | 0 |
| Paid-in Capital | 10,000,000,000 |
The filing text does not provide a clear value for revenue, profit, cash flow, margins, or group-level debt and liquidity.
Material Changes
- Subsidiary Count: The number of subsidiaries increased from 20 to 21 following the addition of Woori Private Equity.
- Ownership Structure: The major shareholder holds 100% of the shares in the new subsidiary.
Outlook, Risks, and Management Commentary
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. The document is strictly a notification of a corporate structural change (new establishment) and does not discuss unusual items or future operational plans.
Investor Verification Checklist
- Verify the operational status and initial investment strategy of Woori Private Equity.
- Confirm the impact of the new subsidiary on the group's consolidated financial statements in the next reporting period.
- Review the appointment of In-Young Lee as CEO of the new entity.