| --- | --- | --- | --- | --- | |-------------------------------------------------------|--------------------------------------|---------------------------------|-----------------------------------------|-------------------------------| | Beginning balance | For the \nStage 1 \n(15,846) | six-month \nStage 2 \n — | period ended June \nStage 3 \n— | 30, 2024 \nTotal \n(15,846) | | Transfer to 12-month expected credit losses | — | — | — | — | | Transfer to lifetime expected credit losses | — | — | — | — | | T ...

Woori Financial Group Inc. (NYSE:WF) Q2 2023 Earnings Conference Call July 25, 2024 8:00 AM ET Company Participants Han Hong Sung - Head of Investor Relations Lee Sung-Wook - Group Chief Financial Officer Conference Call Participants Han Hong Sung Good afternoon, ladies and gentlemen. I'm Han Hong Sung, Head of IR, here at Woori Financial Group. I would like to sincerely thank all of you for taking the time to participate in Woori Financial Group's Earnings Conference Call despite your busy schedules. On to ...

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Table of Contents As filed with the Securities and Exchange Commission on April 29, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report Commission file number 001-31811 Woori Financial Group Inc. (Exact name of Registrant as ...

Woori Financial Group Inc. (NYSE:WF) Q1 2024 Results Conference Call April 26, 2024 8:00 AM ET Company Participants Han Hong Sung - Head of IR Lee Sung-Wook - Group CFO Oak Il-Jin - Group CDO Park Jang-Geun - Group CRO Han Hong Sung Hello. Good afternoon. I am Han Hong Sung, Head of the IR Department at Woori Financial Group. Let me first begin by thanking everyone for taking time to participate in this Earnings Call for Woori Financial Group. On today's call, we have Group CFO, Lee Sung-Wook; Group CDO, Oa ...

Table of Contents Exhibit 99.1 WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2023 Table of Contents WOORI FINANCIAL GROUP INC. | | Page(s) | | --- | --- | | Independent Auditor's Report | 1-4 | | Consolidated Financial Statements | | | Consolidated Statements of Financial Position | 6 | | Consolidated Statements of Comprehensive Income | 7-8 | | Consolidated Statements of Changes in Equity | 9 | | Consolidated Statements of Cash Flows ...

Summary of Woori Financial Group FY2023 Earnings Conference Call Company Overview - **Company**: Woori Financial Group Inc. (NYSE: WF) - **Date of Call**: February 6, 2024 Key Financial Performance - **Net Income**: KRW 2,516.7 billion, a decrease of 19.9% year-over-year due to one-off factors including preemptive provisions and corporate expenses [4][36] - **SG&A Expenses**: KRW 4,443.9 billion, a decrease of 1.9% year-over-year despite inflationary pressures [6][18] - **Cost-Income Ratio**: 43.5%, a decrease of 0.9 percentage points year-over-year, indicating stable operational efficiency [6][19] - **Credit Cost**: Totaled KRW 1,880.7 billion for 2023, approximately double the previous year, reflecting proactive risk management [7][21] - **MPL Ratio**: 0.35% with a coverage ratio of 229%, the highest level to date, indicating strong loss absorption capabilities [8][22] - **CET1 Ratio**: Expected to be 11.9%, a 0.3% increase from the previous year, demonstrating prudent risk management [9][23] Revenue and Income Sources - **Net Interest Income**: KRW 8,742.5 billion, stable compared to the prior year, but with a 2% decrease in Q4 [11][12] - **Non-Interest Income**: KRW 1,094.8 billion, a decrease of 4.7% year-over-year, but core fee income showed a solid growth trend [15][16] Loan and Asset Management - **Total Loans**: KRW 311 trillion, a 5.1% increase year-over-year, with corporate loans growing by 8% [13][14] - **Real Estate Project Finance Loans**: Total of KRW 3.4 trillion, with proactive evaluations and risk management strategies in place [42][43] Capital Management and Shareholder Returns - **Dividends**: Year-end dividend of KRW 641 per share, with a total shareholder return rate of 33.7% [9][27] - **Shareholder Return Policy**: Plans to increase total shareholder return to 35% when CET1 ratio is above 13% [31][29] - **Future Plans**: Focus on enhancing capital adequacy and managing risk-weighted assets to support shareholder returns [32][33] Risk Management Insights - **Delinquency Rates**: Slight increases in delinquency rates for Woori Bank (0.26%) and Woori Card (1.22%), but still among the lowest in the industry [39] - **Proactive Risk Management**: Emphasis on preemptive provisioning and strengthening loss absorption capacity, particularly in vulnerable sectors [40][41] Strategic Outlook - **2024 Focus**: Emphasis on asset soundness and capital adequacy, with plans to improve portfolio quality and manage high-risk assets [45] - **Market Conditions**: Anticipation of continued high interest rates and market instability, necessitating a robust risk management framework [45] Additional Notes - **Corporate Value Program**: Aimed at addressing stock market undervaluation and enhancing shareholder returns [32] - **Future Dividend Plans**: Aiming to restore dividends to 2022 levels and increase in the future [34] This summary encapsulates the key points discussed during the earnings call, highlighting Woori Financial Group's financial performance, strategic initiatives, and risk management efforts.

Exhibit 99.1 WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES CONSOLIDATED INTERIM FINANCIAL STATEMENTS AS OF AND FOR THE THREE-MONTH AND SIX-MONTH PERIODS ENDED JUNE 30, 2023 W O O R I F I N A N C I A L G R O U P I N C . | P | a | g | e | ( | s | ) | I | n | d | e | p | e | n | d | e | n | t | A | u | d | i | t | o | r | ' | s | R | e | v | i | e | w | R | e | p | o | r | t | 1 | - | 2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | --- | - ...

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES AS OF AND FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2023 AND 2022 Exhibit 99.1 W O O R I F I N A N C I A L G R O U P I N C . | P | a | g | e | ( | s | ) | I | n | d | e | p | e | n | d | e | n | t | A | u | d | i | t | o | r | ' | s | R | e | v | i | e | w | R | e | p | o | r | t | 1 | - | 2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | ...