Business Context and Reporting Period
This Form 6-K filing by Woori Financial Group Inc. (Woori Bank) covers the month of July 2017. The report details a corporate action regarding an interim dividend payment approved by the Board of Directors on July 28, 2017.
Key Financial Metrics
The filing focuses on dividend distribution rather than operational financial performance metrics such as revenue, profit, or cash flow.
- Dividend per Share: KRW 100
- Dividend Yield: 0.6% of the market price of common stock
- Total Dividend Amount: KRW 67,327,122,600
- Shares Eligible: 673,271,226 common shares
- Record Date: June 30, 2017
The filing text does not provide clear values for revenue, profit, margins, debt, or liquidity positions.
Material Changes
The primary material event is the Board's resolution to distribute an interim cash dividend. No comparative financial data or material changes in operational performance versus prior periods are disclosed in this specific filing.
Guidance, Outlook, and Risks
Management Commentary: The Board of Directors has recommended the cash dividend.
Disbursement Timeline: In accordance with the Korean Commercial Code, the dividend is expected to be disbursed within one month from the resolution date (July 28, 2017).
Risks and Contingencies: The filing does not disclose specific risks, contingencies, or unusual items beyond the standard regulatory context of the dividend payment.
Investor Verification Checklist
- Confirm the ex-dividend date and payment date to ensure eligibility for the KRW 100 per share distribution.
- Verify the total number of outstanding shares (673,271,226) against the company's latest annual report (Form 20-F) to ensure consistency.
- Review the company's full interim financial statements for the period ending June 30, 2017, as this 6-K does not contain operational performance data.