Value20202021202220232024TTMSelling/general/admin expenses3.64 B3.49 B3.59 B3.44 B3.02 B—Research & development——————Operating income1.92 B3.08 B3.52 B2.71 B2.88 B—Non-Operating Income, Total-72.87 M—————Interest expense, net of interest capitalized——————Non-Operating Income, excl. Interest Expenses93.06 M—————Unusual income/expense-165.93 M—————Pretax income1.84 B3.1 B3.61 B2.72 B2.86 B—Equity in earnings——————Taxes447.47 M778.03 M935.17 M689.82 M711.35 M—Non-controlling/minority interest191.5 M184.62 M144.66 M93.41 M57.83 M—After tax other income/expense——————Net income before discontinued operations1.4 B2.32 B2.67 B2.03 B2.15 B—Discontinued operations——————Net income1.4 B2.32 B2.67 B2.03 B2.15 B—Dilution adjustment——————Preferred dividends——————Diluted net income available to common stockholders-72.87 M—————Basic earnings per share (Basic EPS)——————Diluted earnings per share (Diluted EPS)——————Average basic shares outstanding——————Diluted shares outstanding——————EBITDA——————EBIT——————Cost of revenue——————Other cost of goods sold——————Depreciation & amortization (cash flow)——————
Woori Financial Group Inc American Depositary Shares (each repr
Woori Financial Group is a Seoul-based banking and financial services holdings company and is the largest bank in South Korea.
Woori has had a short history as a financial institution. It was formed in 2001 from the forced merger of 4 predecessor commercial banks and an investment bank. The banks were taken over and recapitalised by the government because they had fallen below the Basel I Accord mandated eight percent capital adequacy ratio. The South Korean Government, through the Korean Deposit Insurance Corporation, remains the primary investor as a result.
This came about as a part of the 1997 Asian financial crisis, which affected the operations of virtually all banks and financial firms in South Korea.