Business Context and Reporting Period
This Form 6-K filing by Woori Finance Holdings Co., Ltd. (Woori Financial Group Inc.) covers the month of March 2008, specifically dated March 18, 2008. The report details a corporate structural change involving the addition of a new second-tier subsidiary.
Key Financial Metrics
The filing does not provide consolidated revenue, profit, cash flow, margins, debt, or liquidity metrics for the reporting period. The only financial figures disclosed relate to the capitalization of the new subsidiary:
- Total Commitments for New Fund: KRW 51 billion
- Woori Investment & Securities Contribution: KRW 1 billion
Material Changes
The primary material event is the addition of Mars Private Equity Fund No. 3 as a second-tier subsidiary of Woori Finance Holdings Co., Ltd. on March 18, 2008. This fund is a subsidiary of Woori Investment & Securities, which will serve as the general partner. Following this addition, the total number of subsidiaries for the group stands at 30.
Outlook, Risks, and Management Commentary
The filing states that Mars Private Equity Fund No. 3 is a buyout and portfolio investment fund established pursuant to the Indirect Investment Asset Management Business Act of Korea. No specific guidance, risk factors, or management commentary regarding future performance or contingencies is included in this specific report.
Investor Verification Checklist
- Verify the total number of subsidiaries is now 30.
- Confirm the role of Woori Investment & Securities as the general partner of Mars Private Equity Fund No. 3.
- Note that the filing contains no financial performance data for the parent company or consolidated group.