Business Context and Reporting Period
This Form 6-K filing by Woori Financial Group Inc. (a Korean foreign private issuer) was submitted on March 4, 2022. The document serves as an announcement regarding the convening of the Annual General Meeting of Shareholders (AGM) for the fiscal year 2021.
Financial Metrics
The filing text does not provide specific financial data, including revenue, profit, cash flow, margins, debt, or liquidity metrics. The document is a procedural notice regarding corporate governance and meeting logistics rather than a financial performance report.
Material Changes
No material financial changes or operational updates are disclosed in this filing. The primary content relates to the scheduling of the AGM and the proposed slate of director appointments.
Guidance, Outlook, and Corporate Governance
Annual General Meeting Details:
- Date and Time: March 25, 2022, at 10:00 a.m. (local time).
- Venue: Woori Bank Head Office Building, Synergy Hall, 5th floor, Seoul, Korea.
- Key Agenda Items: Approval of FY2021 financial statements, amendments to the Articles of Incorporation, and the appointment of directors.
Director Appointments:
- Outside Directors (New Appointment): Soo-Young Song (Term: FY2021 AGM to FY2023 AGM).
- Outside Directors (Re-appointment): Sung-Tae Ro, Sang-Yong Park, and Dong-Woo Chang (Term: FY2021 AGM to FY2022 AGM).
- Non-Standing Director (New Appointment): Won-Duk Lee (Term: FY2021 AGM to Dec 31, 2023). The filing notes that Mr. Lee was internally determined in February 2022 to become the next President and CEO of Woori Bank.
- Audit Committee Members: Chan-Hyoung Chung (Chairman), Sung-Tae Ro, and Dong-Woo Chang are proposed for appointment/re-appointment.
Key Facts for Investor Verification
- Verify the outcome of the AGM scheduled for March 25, 2022, specifically regarding the approval of FY2021 financial statements.
- Confirm the official appointment of Won-Duk Lee as the next President and CEO of Woori Bank following the AGM.
- Review the full FY2021 financial statements referenced in the agenda, as they are not included in this filing.
- Monitor the implementation of the proposed amendments to the Articles of Incorporation.