Business Context and Reporting Period
This Form 6-K filing by Woori Financial Group Inc. (a Korean foreign private issuer) was submitted on July 23, 2021. The document reports a corporate action regarding an interim dividend resolution passed by the Board of Directors on the same date.
Key Financial Metrics
The filing focuses exclusively on dividend distribution details rather than operational financial performance. Key figures include:
- Dividend per Share: KRW 150
- Total Dividend Amount: KRW 108,340,152,150
- Shares Eligible: 722,267,681 common shares
- Record Date: July 30, 2021
The filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity for the period.
Material Changes
The filing does not contain comparative financial data or discuss material changes in business operations versus prior periods. The primary event is the declaration of the interim cash dividend.
Guidance, Outlook, and Risks
Management Commentary: The Board of Directors resolved to pay the interim dividend. Disbursement is expected within one month of the resolution date in accordance with the Korean Commercial Code.
Unusual Items/Contingencies: The filing notes that the market price dividend rate cannot be disclosed at this time because the required average market price (calculated over the one week prior to two business days before the record date) is not yet available. This metric will be disclosed at a later date.
Investor Verification Checklist
- Verify the ex-dividend date and payment date based on the July 30, 2021 record date.
- Confirm the total payout obligation of approximately KRW 108.3 billion against the company's latest liquidity position.
- Monitor subsequent disclosures for the calculated market price dividend rate.
- Review the company's most recent Form 20-F or quarterly reports for underlying earnings supporting this dividend declaration.