Business Context and Reporting Period
This Form 6-K filing by Woori Financial Group Inc. covers the month of December 2021, specifically reporting a material event occurring on December 9, 2021. The filing details a change in the company's largest shareholder resulting from the sale of equity shares by the Korea Deposit Insurance Corporation (KDIC).
Key Financial Metrics
The filing text does not provide revenue, profit, cash flow, margins, debt, or liquidity figures. The document focuses exclusively on shareholding structure changes.
Material Changes Versus Prior Period
The primary material change is the shift in the largest shareholder status:
- Previous Largest Shareholder: KDIC held 110,159,443 shares (15.13%) as of September 30, 2021.
- New Largest Shareholder: The Employee Stock Ownership Association (ESOA) of Woori Financial Group, including related parties, became the largest shareholder.
- Post-Change Holdings: The ESOA and its related party collectively hold 71,346,178 shares, representing 9.80% of equity shares.
- KDIC Reduction: KDIC's holding decreased to 42,217,960 shares (5.80%) following the sale.
Guidance, Outlook, and Risks
The filing contains no management guidance, financial outlook, or discussion of general business risks. It references a prior Form 6-K filed on November 22, 2021, for details regarding the KDIC's sale of equity shares. The transaction was executed on December 9, 2021, with the ESOA acquiring 7,280,605 shares from KDIC.
Key Facts for Investor Verification
- Verify the exact date of the share transfer (December 9, 2021) and the closing price per share if available in the referenced November 22, 2021 filing.
- Confirm the total number of outstanding shares to validate the 9.80% aggregate ownership calculation for the ESOA and related parties.
- Review the November 22, 2021 Form 6-K for the full terms of the KDIC divestiture.
- Note that the ESOA of Woori Bank is a related entity holding 4.50% of shares, contributing to the aggregate 9.80% figure.