Business Context and Reporting Period
This Form 6-K filing by Woori Finance Holdings Co., Ltd. (Woori Financial Group Inc.) covers the month of June 2005. The report discloses a material corporate event: the dissolution of a subsidiary, Woori Investment Trust Management Co., Ltd., effective June 2, 2005, following its merger into LG Investment Trust Management.
Key Financial Metrics
The filing provides specific financial statistics for the dissolved subsidiary, Woori Investment Trust Management Co., Ltd., as of the dissolution date. The parent company's consolidated financials are not included in this specific report.
| Metric | Value (KRW) |
|---|---|
| Total Assets | 36,165,607,257 |
| Total Liabilities | 754,978,202 |
| Shareholders' Equity | 35,410,629,055 |
| Paid-in Capital | 30,000,000,000 |
The filing text does not provide clear values for revenue, profit, cash flow, margins, or debt for the parent company or the subsidiary beyond the balance sheet items listed above.
Material Changes
The primary material change is the structural reorganization involving the exit of Woori Investment Trust Management as a standalone entity. The subsidiary ceased operations as an independent legal entity on June 2, 2005, due to a merger with LG Investment Trust Management.
Outlook, Risks, and Management Commentary
The filing contains no forward-looking guidance, management commentary on future strategy, or discussion of risks and contingencies beyond the factual reporting of the merger and dissolution. The line of business for the dissolved entity was securities investment trust management.
Key Facts for Investor Verification
- Verify the impact of the merger on Woori Financial Group's consolidated asset base and revenue streams.
- Confirm the terms of the merger with LG Investment Trust Management and any consideration received.
- Review subsequent filings to assess if this dissolution affects the group's overall investment trust management capabilities.
- Note that the financial data provided applies only to the dissolved subsidiary, not the parent holding company.