Core Viewpoint - The Zacks rating system is a valuable tool for investors, particularly due to its focus on earnings estimate revisions, which are closely linked to stock price movements [1][2][3]. Earnings Estimate Revisions - Changes in a company's future earnings potential, as indicated by earnings estimate revisions, are strongly correlated with near-term stock price movements [2][3]. - The Zacks rating system effectively utilizes earnings estimate revisions to provide a reliable stock rating [3][6]. Woori Bank Analysis - Woori Bank is projected to earn $8.21 per share for the fiscal year ending December 2024, reflecting a year-over-year increase of 10.7% [4]. - The recent upgrade of Woori Bank to a Zacks Rank 2 indicates it is in the top 20% of Zacks-covered stocks based on estimate revisions, suggesting potential for stock price appreciation [10][11]. - Analysts have raised their earnings estimates for Woori Bank, with the Zacks Consensus Estimate increasing by 2.1% over the past three months [15]. Zacks Rating System - The Zacks rating system maintains a balanced distribution of 'buy' and 'sell' ratings across over 4000 stocks, with only the top 20% receiving favorable ratings [5][14]. - The system's track record shows that Zacks Rank 1 stocks have generated an average annual return of +25% since 1988, highlighting its effectiveness [14].

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued ...

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 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | ...

Woori Financial Group Inc. (NYSE:WF) Q1 2023 Earnings Conference Call April 24, 2023 3:00 AM ET Company Participants Han Hong Sung - Head IR Yim Jong-Yong - Chairman and CEO Lee Sung-Wook - Group CFO Ouk Il-Jin - Group CDO Park Jang-Geun - Group CRO Han Hong Sung Good afternoon. I am Han Hong Sung, the Head of IR 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 the Group CFO, Lee Sung-W ...

Share Cancellation - Woori Financial Group plans to cancel 8,503,401 shares of its common stock, which represents approximately 1.17% of the total shares issued (728,060,549 shares) [5] - The estimated amount of shares to be cancelled is KRW 100,000,000,000, based on the closing price as of April 20, 2023 [5] - The cancellation of treasury shares will not reduce the paid-in capital of Woori Financial Group, while the total number of shares issued will decrease [5] - The scheduled period for the acquisition of treasury shares is from April 24, 2023, to October 24, 2023 [5] - The actual number of shares to be cancelled may change depending on fluctuations in share price [5]