Business Context and Reporting Period
This Form 6-K filing by Woori Finance Holdings Co., Ltd. (Woori Financial Group Inc.) is dated March 10, 2009. The document serves as an announcement regarding the Annual General Meeting of Shareholders for Woori Bank, a wholly-owned subsidiary, covering the fiscal year 2008.
Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document is a procedural announcement rather than a financial results report.
Material Changes
No material financial changes are reported in this filing. The primary material event is the Board of Directors' resolution on March 9, 2009, to convene the Annual General Meeting on March 26, 2009.
Guidance, Outlook, and Corporate Governance
The filing details the agenda for the upcoming shareholder meeting, which includes:
- Approval of financial statements for fiscal year 2008.
- Approval of modifications to the Articles of Incorporation.
- Appointment of directors.
The Board proposed the following director appointments and re-appointments for a one-year term:
- Re-appointments: Pal Seung Lee (Chairman & CEO, Woori Finance Holdings), Tae Kyu Park (Dean, Yonsei University), and Jong Rok Park (Lawyer, Chungdam Law).
- New Appointments: Yong Man Rhee (Advisor, Korea Federation of Banks), Chang Ryul Baik (President, Bizcom Management Consulting), Chang Young Jun (Lawyer, Yoon Yang Kim Shin & Yu Law), Jae Yeol Lee (Director, Korea Deposit Insurance Corporation), and Sung Hwan Shin (Professor, Hongik University).
Key Facts for Investor Verification
- Verify the final approval of the 2008 financial statements at the March 26, 2009 meeting.
- Confirm the specific details of the proposed modifications to the Articles of Incorporation.
- Monitor the official appointment of the new and re-appointed directors listed in the agenda.
- Note that this filing contains no financial performance data; investors should refer to the separate 2008 annual report for financial metrics.