Form 6-K

6-K 1 d61394d6k.htm FORM 6-K Form 6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of November 2025

Commission File Number: 001-31811

Woori Financial Group Inc.

(Translation of registrant’s name into English)

51, Sogong-ro, Jung-gu, Seoul, 04632, Korea

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Index


1.		Summary of 2025 Third Quarter Business Report

2.		Exhibit 99.1 Woori Financial Group Review Report for 2025 3Q (Consolidated)

3.		Exhibit 99.2 Woori Financial Group Review Report for 2025 3Q (Separate)

Summary of 2025 Third Quarter Business Report

Table of Contents


I.	INTRODUCTION OF THE COMPANY		5

II.	BUSINESS OVERVIEW		5

	1.	Results of Operations	5

	2.	Funding Sources and Uses of Funds	5

	3.	Other Information Necessary for Making Investment Decisions	6

III.	FINANCIAL INFORMATION		11

	1.	Condensed Financial Statements (Consolidated)	11

	2.	Condensed Financial Statements (Separate)	13

	3.	Dividend Information	15

IV.	INDEPENDENT AUDITOR’S OPINION		15

	1.	Independent Auditor’s Opinion	15

	2.	Compensation to the Independent Auditor	16

V.	CORPORATE GOVERNANCE		17

VI.	SHAREHOLDER INFORMATION		17

	1.	Share Distribution	17

	2.	Stock Price and Stock Market Performance	18

VII.	DIRECTORS AND EMPLOYEE INFORMATION		19

	1.	Directors and Executives	19

	2.	Employee Status	20

	3.	Directors’ Compensation	20

VIII.	INTERNAL CONTROLS		20

Except where indicated otherwise, financial information contained in this document (including the attached financial statements) has been prepared in accordance with the Korean equivalent of International Financial Reporting Standards (“Korean IFRS”), which differ in certain important respects from generally accepted accounting principles in the United States.

All references to “Woori Financial Group,” “we,” “us” or the “Company” are to Woori Financial Group Inc. and, unless the context requires otherwise, its subsidiaries. In addition, all references to “Won” or “KRW” in this document are to the currency of the Republic of Korea.

I.	Introduction of the Company

This section has been omitted for quarterly business reports, pursuant to Korean regulations (revised in March 2022) that allow for such omissions. For information on this section, please refer to the Form 6-K furnished to the Securities and Exchange Commission on August 14, 2025 under the title “Summary of 2025 First Half Business Report.”

II.

Business Overview

1.	Results of Operations


	(units: billions of Won)
Type	2025 3Q		2024			2023
Operating income		2,966		4,255			3,499
Non-operating income (expense)		614		(32	)		18
Income before income tax		3,580		4,223			3,517
Income tax expense (-)		694		1,051			891
Net income		2,886		3,171			2,627
Controlling Interest		2,796		3,086			2,506
Non-controlling Interest		90		85			121

Note 1) Based on K-IFRS consolidated financial statements

2.	Funding Sources and Uses of Funds

a.	Sources of Funds


For the periods indicated other than as noted below														(units: millions of Won, %)
Classification	Funding Source	2025 3Q						2024						2023
Classification	Funding Source	Average Balance		Interest Rate		Proportion		Average Balance		Interest Rate		Proportion		Average Balance		Interest Rate		Proportion
Source	Deposits		357,760,082		2.46		67.07		351,584,810		2.88		69.89		324,824,465		2.83		68.98
	Borrowings		26,251,249		3.42		4.92		28,000,803		4.09		5.57		28,052,983		4.02		5.96
	Debentures		49,127,331		3.64		9.21		43,989,333		4.00		8.74		42,458,653		3.55		9.02
	Others		64,174,894		—		12.04		44,591,752		—		8.86		42,829,998		—		9.09
	Total Liabilities		497,313,556		—		93.24		468,166,698		—		93.06		438,166,099		—		93.05
Total Equity			36,071,324		—		6.76		34,913,425		—		6.94		32,708,219		—		6.95
Total Liabilities & Equity			533,384,880		—		100.00		503,080,123		—		100.00		470,874,318		—		100.00

Note 1) Average Balance : the simple average of the balances at the start of the fiscal year and at the end of each quarter

Note 2) Based on K-IFRS consolidated financial statements

b.	Use of Funds


For the periods indicated other than as noted below								(units: millions of Won, %)
Type	Managed Item	2025 3Q						2024						2023
Type	Managed Item	Average Balance		Interest Rate		Proportion		Average Balance		Interest Rate		Proportion		Average Balance		Interest Rate		Proportion
Use	Cash & Due from Banks		18,229,808		3.23		3.42		18,441,851		3.38		3.67		16,692,268		3.26		3.54
	Marketable securities		89,092,304		3.67		16.70		76,997,821		3.53		15.31		75,522,522		3.61		16.04
	Loans		367,588,643		4.50		68.92		360,802,414		4.93		71.72		334,205,508		5.08		70.98
	Loans in local currency		316,554,346		4.20		59.35		309,771,603		4.65		61.58		287,312,990		4.84		61.02
	Loans in foreign currency		35,253,587		5.96		6.61		34,224,957		6.58		6.80		31,215,114		6.64		6.63
	Guarantee payments		10,715		1.86		0.00		11,571		1.96		0.00		14,567		2.28		0.00
	Credit card receivables		12,344,637		7.88		2.31		12,224,048		7.33		2.43		11,215,186		6.85		2.38
	Foreign bills bought		3,425,358		4.99		0.65		4,570,235		5.58		0.91		4,447,651		5.33		0.95
	Bad debt expense in local currency		3,465,900		—		0.65		3,198,795		—		0.65		2,609,403		—		0.55
	Others		61,940,025		—		11.61		50,036,832		—		9.95		47,063,423		—		9.99
Total Assets			533,384,880		—		100.00		503,080,123		—		100.00		470,874,318		—		100.00

Note 1) Average Balance : the simple average of the balances at the start of the fiscal year and at the end of each quarter

Note 2) Based on K-IFRS consolidated financial statements

3.	Other Information Necessary for Making Investment Decisions

a.	Capital Adequacy Ratios

Group BIS Capital Adequacy Ratios


As of the end of the period indicated	(units: billions of Won, %)
Type	2025 3Q		2024		2023
Equity capital (A)		37,959		36,928		34,756
Risk weighted assets (B)		236,135		235,100		219,792
BIS(Capital adequacy) ratio (A/B)		16.08		15.71		15.81

Note 1) BIS (Bank for International Settlements) Capital Adequacy Ratios = Equity capital / Risk weighted assets * 100

Note 2) 2025 3Q figures are preliminary and are subject to change

Note 3) Based on K-IFRS consolidated financial statements and Basel III standards

Capital Adequacy Ratios for Significant Subsidiaries and Consolidated Companies


As of the end of the periods indicated					(units: hundreds of millions of Won, %)
Name of Company	Type		2025 3Q		2024		2023
Woori Bank Note 2)	BIS capital adequacy ratio Note 1)	Equity capital (A)		322,216		304,302		282,379
		Risk weighted assets (B)		1,866,774		1,920,087		1,760,737
		Capital adequacy ratio (A/B)		17.26		15.85		16.04
Tongyang Life Insurance Note 3)	Available capital			39,416		38,753		41,898
	Required capital			22,828		24,918		21,668
	K-ICS ratio Note 4)			172.7		155.5		193.4
Woori Card Note 5)	Adjusted capital ratio			18.10		17.70		16.03
Woori Card Note 5)	Tangible common equity ratio			12.62		12.37		10.97
Woori Financial Capital Note 5)	Adjusted capital ratio			15.71		15.09		14.35
Woori Financial Capital Note 5)	Tangible common equity ratio			12.80		11.83		11.48
Woori Investment Securities Note 6)	Net capital ratio			772.90		2,098.64		—
Woori Investment Securities Note 6)	Debt-to-asset ratio			116.19		119.41		—
ABL Life Insurance Note 3)	Available capital			20,590		16,701		16,618
	Required capital			12,454		10,868		8,936
	K-ICS ratio Note 4)			165.33		153.68		185.96
Woori Asset Trust Note 7)	Operating capital ratio			4,835.32		4,057.29		1,284.26
Woori Savings Bank Note 8)	BIS capital adequacy ratio Note 1)			16.27		16.37		13.21
Woori Asset Management Note 5)	Minimum operating capital ratio			725.19		739.31		650.26
Woori Venture Partners Note 9)	Tangible common equity ratio			91.95		95.70		90.82
Woori Private Equity Asset Management Note 5)	Minimum operating capital ratio			8,201.76		8,161.97		8,618.79

Note 1) BIS (Bank for International Settlements) Capital Adequacy Ratio : Equity capital / Risk weighted assets * 100

Note 2) Figures for Woori Bank are based on K-IFRS consolidated financial statements and Basel III standards. 2025 3Q figures are estimates only and are subject to change

Note 3) Figures for Tongyang Life Insurance and ABL Life Insurance, our subsidiaries newly incorporated in July 2025, have been calculated based on the K-ICS approach since 2023. 2025 3Q figures are estimates only, and the final figures will be disclosed through Tongyang Life Insurance and ABL Life Insurance’s 3Q 2025 quarterly reports, respectively.

Note 4) K-ICS ratio : Available capital / Required capital * 100

Note 5) Figures for Woori Card, Woori Financial Capital, Woori Asset Management and Woori Private Equity Asset Management are based on the applicable standards for business reports submitted to the Financial Supervisory Service and their respective K-IFRS separate financial statements

Note 6) Figures for Woori Investment Securities (established in August 2024) are calculated as follows:

•

Net capital ratio: (net operating capital – total risk amount)/required maintenance capital * 100 // based on the applicable standards for business reports submitted to the Financial Supervisory Service

•

Debt-to-asset ratio: (actual assets)/(actual liability) * 100 // based on K-IFRS separate financial statements

Note 7) Woori Asset Trust’s operating capital ratio = (net operating capital – subordinated debt, etc.)/(total risk amount) * 100 // based on K-IFRS separate financial statements

Note 8) Figures for Woori Savings Bank are based on K-GAAP

Note 9) Figures for Woori Venture Partners are based on K-IFRS consolidated financial statements

b.	Liquidity Ratios

Won Liquidity Ratios


As of the end of the periods indicated															(units: millions of Won, %)
	2025 3Q						2024						2023
Type	Won Liquidity Assets		Won Liquidity Liabilities		Won Liquidity Ratio		Won Liquidity Assets		Won Liquidity Liabilities		Won Liquidity Ratio		Won Liquidity Assets		Won Liquidity Liabilities		Won Liquidity Ratio
Woori Financial Group Note 1)		363,234		11,536		3,148.7		353,835		10,905		3,244.7		111,895		8,155		1,372.1
Woori Card Note 2)		8,871,298		2,689,261		329.9		8,722,587		2,785,182		313.2		9,119,265		2,454,480		371.5
Woori Financial Capital Note 2)		1,559,418		914,906		170.4		1,850,758		1,317,695		140.5		1,919,083		1,245,067		154.1
Woori Investment Securities Note 2)		5,565,571		3,916,577		142.1		4,982,461		2,660,153		187.3		4,032,290		1,926,080		209.4
Woori Asset Trust Note 2)		161,825		6,953		2,327.6		258,758		9,311		2,779.2		171,860		18,555		926.2
Woori Savings Bank Note 2), Note 3)		651,027		567,960		114.6		344,437		216,143		159.4		434,495		231,003		188.1
Woori Venture Partners Note 2)		144,031		7,871		1,829.9		136,198		6,877		1,980.4		103,367		7,210		1,433.6
Woori Private Equity Asset Management Note 2)		22,883		2,074		1,103.4		16,011		2,912		549.8		27,506		2,396		1,147.8

Note 1) Based on current assets and liabilities within one month of maturity

Note 2) Based on current assets and liabilities within 90 days of maturity

Note 3) Based on K-GAAP

Insurance Liquidity Ratios


As of the end of the periods indicated															(units: millions of Won, %)
Type	2025 3Q						2024						2023
Type	Liquidity Assets		Average Insurance Benefits Paid		Liquidity Ratio		Liquidity Assets		Average Insurance Benefits Paid		Liquidity Ratio		Liquidity Assets		Average Insurance Benefits Paid		Liquidity Ratio
Tongyang Life Insurance Note 1)		4,257,430		822,813		517.4		4,157,512		915,959		453.9		12,091,960		1,239,553		975.5
ABL Life Insurance Note 1)		2,680,300		436,096		614.6		2,816,208		466,405		603.8		6,770,032		535,163		1,265.0

Note 1) Based on the applicable standards for business reports submitted to the Financial Supervisory Service (within three months of maturity)

Foreign Currency (FC) Liquidity Ratios

As of the end of the periods indicated

(units: millions of Won, %)

Type

2025 3Q

2024

2023

FC
Liquidity
Assets

FC
Liquidity
Liabilities

FC
Liquidity
Ratio

FC
Liquidity
Assets

FC
Liquidity
Liabilities

FC
Liquidity
Ratio

FC
Liquidity
Assets

FC
Liquidity
Liabilities

FC
Liquidity
Ratio

Woori Investment Securities

Note 1)

3,425

1,073

319.2

2,581

2,146

120.24

9,450

7,362

128.36

Note 1) Based on current assets and liabilities within three months of maturity

Liquidity Coverage Ratios (LCR)


						(units: %)
Name of Company	Type	2025 3Q		2024		2023
Woori Bank	Liquidity coverage ratio Note 1)		107.19		104.79		101.26
	Foreign currency liquidity coverage ratio Note 2)		138.96		184.29		162.75
	Ratio of business purpose premises and equipment		9.02		9.95		10.20

Note 1) LCR: Average of daily ratios during a quarter (same as the calculation method used for business disclosure)

•

The applicable LCR requirements were 100%, 97.5% and 95% as of September 30, 2025, December 31, 2024 and December 31, 2023, respectively

Note 2) Foreign currency LCR: ratio calculated based on averages of the amount of each category (same as the calculation method used for business disclosure)

•

The applicable foreign currency LCR requirement was 80% for all periods after 2022.

Note 3) The applicable periods for LCR and foreign currency LCR are: 3Q 2025, 4Q 2024, and 4Q 2023

c.	Profitability Ratios Note1), Note2)


											(units: %)
Type	2025 3Q				2024				2023
Type	ROA		ROE		ROA		ROE		ROA		ROE
Woori Financial Group
Including non-controlling interests		0.71		11.21		0.61		9.60		0.54		8.65
Excluding non-controlling interests		0.68		10.86		0.60		9.34		0.52		8.25

Note 1) Total assets and total equity : simple average of the starting balance for the fiscal year and the ending balance of each quarter

Note 2) On an annualized basis, based on the applicable standards for business reports submitted to the Financial Supervisory Service.

d.	Asset Quality

Group Asset Quality


	(units: billions of Won, %)
Type	2025 3Q		2024		2023
Total loans		394,494		390,066		365,780
Substandard and below loans		2,750		2,211		1,357
Substandard and below loans ratio		0.70		0.57		0.37
Non-Performing Loans (“NPL”)		2,422		1,786		1,299
NPL ratio		0.61		0.46		0.36
Substandard and below coverage ratio (A/B)		130.0		153.0		220.1
Loan loss reserve (A)		3,576		3,382		2,986
Substandard and below loans (B)		2,750		2,211		1,357

Note 1) Based on the applicable standards for financial holding company business reports submitted to the Financial Supervisory Service

Note 2) 2025 3Q figures are preliminary and are subject to change

Asset Quality for Significant Subsidiaries and Consolidated Companies


																	(units: %)
Type	2025 3Q						2024						2023
Type	Substandard and below ratio		NPL ratio		Substandard and below coverage ratio		Substandard and below ratio		NPL ratio		Substandard and below coverage ratio		Substandard and below ratio		NPL ratio		Substandard and below coverage ratio
Woori Bank Note 1)		0.31		0.25		180.91		0.23		0.19		247.44		0.18		0.17		320.84
Woori Card Note 2)		1.45		—		103.84		1.07		—		105.46		0.97		—		104.92
Woori Financial Capital Note 2)		1.89		—		114.19		1.91		—		134.18		2.37		—		113.21
Woori Investment Securities Note 2), Note 3)		7.39		—		69.78		7.29		—		84.37		0.55		—		578.29
Woori Asset Trust Note 2)		85.43		—		—		77.68		—		—		32.11		—		—
Woori Savings Bank Note 2), Note 4)		7.08		—		73.26		9.82		—		77.43		3.53		—		101.66

Note 1) Based on K-IFRS separate financial statements

Note 2) Based on the applicable standards for business reports submitted to the Financial Supervisory Service

Note 3) Numbers for 2023 reflect those of Woori Investment Bank. Woori Investment Securities was established in August 2024, following the merger of Korea Foss Securities and Woori Investment Bank.

Note 4) Based on K-GAAP

(units: %)

Type

Note 1)

2025 3Q

2024

2023

Risk-Weighted Non-Performing
Asset Ratio

Tongyang Life Insurance

0.14

0.08

0.09

ABL Life Insurance

0.14

0.23

0.19

Note 1) Based on the applicable standards for business reports submitted to the Financial Supervisory Service

III.

Financial Information

1.	Condensed Financial Statements (Consolidated)

Summary Consolidated Statement of Financial Position


(The Company and its consolidated subsidiaries, as of the end of the periods indicated)					(units: millions of Won)
Classification	2025 3Q			2024			2023
ASSETS
Cash and cash equivalents		29,232,549			27,281,123			30,556,618
Financial assets at fair value through profit or loss (“FVTPL”)		32,610,872			25,202,672			21,544,756
Financial assets at fair value through other comprehensive income		74,302,374			43,797,745			37,891,495
Securities at amortized cost		18,676,341			19,203,177			23,996,172
Loans and other financial assets at amortized cost		418,157,321			398,471,816			373,148,148
Investments in joint ventures and associates		2,069,961			1,748,810			1,795,370
Insurance contracts		—			—			—
Reinsurance contracts		587,980			—			—
Investment properties		1,012,162			450,788			472,768
Premises and equipment		3,699,909			3,370,585			3,176,759
Intangible assets and goodwill		1,081,854			1,091,402			996,842
Assets held for sale		191,475			73,989			20,345
Net defined benefit asset		2,025			146,109			240,260
Current tax assets		158,502			61,613			203,542
Deferred tax assets		485,670			72,937			93,366
Derivative assets (designated for hedging)		244,414			175,191			26,708
Other assets		4,443,001			4,605,363			3,841,787

Total assets		586,956,410			525,753,320			498,004,936

LIABILITIES
Financial liabilities at FVTPL		5,124,693			9,896,597			6,138,313
Deposits due to customers		370,070,833			366,821,156			357,784,297
Borrowings		28,812,050			30,117,031			30,986,746
Debentures		52,182,652			48,207,103			41,239,245
Insurance contracts		47,512,619			—			—
Reinsurance contracts		133,799			—			—
Provisions		692,298			611,428			806,031
Net defined benefit liability		224,209			5,424			6,939
Current tax liabilities		654,957			127,126			103,655
Deferred tax liabilities		546,859			858,822			470,311
Derivative liabilities (designated for hedging)		397,188			102,815			153,007
Other financial liabilities		42,604,856			32,314,051			26,115,005
Other liabilities		847,889			796,498			803,897

Total liabilities		549,804,902			489,858,051			464,607,446

EQUITY
Owners’ equity:		35,355,603			34,096,836			31,666,881
Capital stock		3,802,676			3,802,676			3,802,676
Hybrid securities		3,510,947			3,810,435			3,611,129
Capital surplus		934,285			934,100			935,563
Other equity		(1,537,308	)		(1,400,885	)		(1,668,957	)
Retained earnings		28,645,003			26,950,510			24,986,470
Non-controlling interests		1,795,905			1,798,433			1,730,609

Total equity		37,151,508			35,895,269			33,397,490

Total liabilities and equity		586,956,410			525,753,320			498,004,936

Number of Consolidated Subsidiaries (excluding holding company)		207			188			179

Summary Consolidated Statement of Comprehensive Income


(The Company and its consolidated subsidiaries, for the periods indicated)	(units: millions of Won, except per share amounts)
Classification	2025 3Q			2024 3Q			2024			2023
Operating income		2,965,744			3,581,030			4,255,190			3,499,029
Net interest income		6,730,587			6,614,592			8,886,336			8,742,540
Net fees and commissions income		1,597,400			1,586,802			2,086,170			1,720,481
Dividend income		279,860			203,493			310,320			240,293
Net insurance income		55,730			—			—			—
Other insurance finance loss		(178,665	)		—			—			—
Net gain or loss on financial instruments at FVTPL		411,354			782,001			1,492,783			488,486
Net gain or loss on financial assets at FVTOCI		124,640			81,727			96,620			(37,641	)
Net gain or loss arising on financial assets at amortized cost		61,803			265,129			286,885			203,942
Impairment losses due to credit loss		(1,518,969	)		(1,253,770	)		(1,716,295	)		(1,894,916	)
General and administrative expenses		(3,689,177	)		(3,158,105	)		(4,468,973	)		(4,443,433	)
Other net operating expenses		(908,819	)		(1,540,839	)		(2,718,656	)		(1,520,723	)

Non-operating income (expense)		614,390			10,539			(32,343	)		18,424

Net income before income tax expense		3,580,134			3,591,569			4,222,847			3,517,453

Income tax expense		(694,331	)		(874,171	)		(1,051,378	)		(890,559	)

Net income		2,885,803			2,717,398			3,171,469			2,626,894

Net income attributable to owners		2,795,937			2,659,867			3,085,995			2,506,296
Net income attributable to the non-controlling interests		89,866			57,531			85,474			120,598

Other comprehensive income (loss), net of tax		(186,374	)		131,758			382,719			663,537

Items that will not be reclassified to profit or loss		(28,476	)		(140,526	)		(200,341	)		122,334
Items that may be reclassified to profit or loss		(157,898	)		272,284			583,060			541,203

Total comprehensive income		2,699,429			2,849,156			3,554,188			3,290,431

Comprehensive income attributable to the owners		2,605,514			2,785,167			3,454,620			3,164,464
Comprehensive income attributable to non-controlling interests		93,915			63,989			99,568			125,967
Net income per share:
Basic and diluted income per share (in Korean Won)		3,650			3,424			3,950			3,230

2.	Condensed Financial Statements (Separate)

Summary Statement of Financial Position


(The Company, as of the end of the periods indicated)	(units: millions of Won)
Classification	2025 3Q		2024			2023
ASSETS
Cash and cash equivalents		362,450		1,185,912			289,507
Financial assets at fair value through other comprehensive income		563,461		553,518			539,709
Loans and other financial assets at amortized cost		797,107		204,431			1,104,815
Investments in subsidiaries		25,609,573		24,206,017			23,670,476
Premises and equipment		2,868		5,304			6,609
Intangible assets		3,136		3,308			4,052
Net defined benefit assets		—		1,378			3,941
Current tax assets		26,295		33,120			158,951
Deferred tax assets		3,089		4,379			7,478
Other assets		159		155,670			484

Total assets		27,368,138		26,353,037			25,786,022

LIABILITIES
Debentures		2,667,134		2,037,567			1,587,659
Provisions		1,883		1,252			1,227
Net defined benefit liability		2,869		—			—
Current tax liabilities		618,559		84,701			32,125
Other financial liabilities		80,803		76,382			163,621
Other liabilities		6,244		404			392

Total liabilities		3,377,492		2,200,306			1,785,024

EQUITY
Capital stock		3,802,676		3,802,676			3,802,676
Hybrid securities		3,510,737		3,810,225			3,610,953
Capital surplus		8,120,236		11,120,236			11,120,236
Other equity		5,697		(1,189	)		(7,871	)
Retained Earnings		8,551,300		5,420,783			5,475,004

Total equity		23,990,646		24,152,731			24,000,998

Total liabilities and equity		27,368,138		26,353,037			25,786,022

Summary Statement of Comprehensive Income


(The Company, for the periods indicated)	(units: millions of Won, except per share amounts)
Classification	2025 3Q			2024 3Q			2024			2023
Operating income		1,330,829			1,144,086			1,123,301			1,424,670
Net interest income (expense)		(28,832	)		6,329			2,128			27,495
Interest income		24,939			42,235			51,778			64,592
Interest expense		(53,771	)		(35,906	)		(49,650	)		(37,097	)
Net fees and commissions loss		(19,126	)		(13,312	)		(20,319	)		(20,097	)
Fees and commissions income		1,293			1,219			1,625			1,625
Fees and commissions expense		(20,419	)		(14,531	)		(21,944	)		(21,722	)
Dividend income		1,441,940			1,202,111			1,208,522			1,482,956
Net gain (loss) on financial instruments at FVTPL		—			—			—			2,023
Reversal of (provisions for) impairment losses due to credit loss		(28	)		6			608			(348	)
General and administrative expenses		(63,125	)		(51,048	)		(67,638	)		(67,359	)
Non-operating income (expense)		(151,602	)		(161	)		(147	)		(1,043	)
Net income before income tax expense		1,179,227			1,143,925			1,123,154			1,423,627
Income tax benefit (expense)		918			(435	)		178			881

Net income		1,180,145			1,143,490			1,123,332			1,424,508

Other comprehensive income, net of tax		6,153			7,283			9,138			18,916
Items that will not be reclassified to profit or loss		6,153			7,283			9,138			18,916
Net gain on valuation of equity securities at FVTOCI		7,318			8,496			10,164			19,789
Remeasurement of the net defined benefit liability		(1,165	)		(1,213	)		(1,026	)		(873	)

Total comprehensive income		1,186,298			1,150,773			1,132,470			1,443,424

Net income per share:
Basic and diluted income per share (in Korean Won)		1,447			1,375			1,296			1,754

3.	Dividend Information


Items		2025 3Q		2024		2023
Par value per share (Won)			5,000		5,000		5,000
Net profit (Millions of Won)			2,795,937		3,085,995		2,506,296
Earnings per share (Won)			3,650		3,950		3,230
Total cash dividends (Millions of Won)			441,036		891,045		747,302
Total stock dividends (Millions of Won)			—		—		—
Cash dividend payout ratio (%)			15.77		28.87		29.82
Cash dividend yield (%)	Common Shares		2.3		6.9		6.7
Cash dividend yield (%)	Preferred Shares		—		—		—
Stock dividend yield (%)	Common Shares		—		—		—
Stock dividend yield (%)	Preferred Shares		—		—		—
Cash dividend per share (Won)	Common Shares		600		1,200		1,000
Cash dividend per share (Won)	Preferred Shares		—		—		—
Stock dividend per share (Share)	Common Shares		—		—		—
Stock dividend per share (Share)	Preferred Shares		—		—		—

Note 1) The dividends for the third quarter of 2025 include quarterly dividends of KRW 147,428 million (KRW 200 per share) for the first quarter, KRW 146,804 million (KRW 200 per share) for the second quarter and KRW 146,804 million (KRW 200 per share) for the third quarter. The dividends for the third quarter of 2025 were determined through a board resolution on October 24, 2025.

Note 2) The dividends for FY2024 include quarterly dividends of KRW 133,657 million (KRW 180 per share) for the first quarter, KRW 133,657 million (KRW 180 per share) for the second quarter, and KRW 133,657 million (KRW 180 per share) for the third quarter.

Note 3) The dividends for FY2023 include interim dividends of KRW 130,748 million (KRW 180 per share) for the second quarter, and KRW 135,341 million (KRW 180 per share) for the third quarter.

Note 4) The cash dividend yield for the third quarter of 2025 is calculated as the percentage of cash dividend per share to the arithmetic average of the final prices formed in the stock market during the week up to the trading day before the date the dividend amount is determined. The percentage is rounded to the first decimal place.

Note 5) The cash dividend yields for FY2023 and FY2024 are calculated as the percentage of cash dividend per share to the arithmetic average of the final prices formed in the stock market during the week up to the date that is two trading days before the record date. The percentage is rounded to the first decimal place.

IV.

Independent Auditor’s Opinion

1.	Independent Auditor’s Opinion


	2025 3Q	2024	2023
Auditor	KPMG Samjong Accounting Corp.	KPMG Samjong Accounting Corp.		KPMG Samjong Accounting Corp.
Auditor’s Opinion	Note 1)	Note 2)		Note 3)

Note 1) In its review report attached to this report, KPMG Samjong Accounting Corp. has stated that nothing had come to their attention that caused them to believe that the accompanying consolidated and separate interim financial statements of Woori Financial Group are not presented fairly in all material respects, in accordance with Korean IFRS.

Note 2) In its audit report, KPMG Samjong Accounting Corp. has stated that the financial statements are presented fairly, in all material respects, in accordance with Korean IFRS.

Note 3) In its audit report, KPMG Samjong Accounting Corp. has stated that the financial statements are presented fairly, in all material respects, in accordance with Korean IFRS.

2.	Compensation to the Independent Auditor

a.	Audit Services

Term

Auditor

Description

Contractual

Actual

Fee

Time

Fee

Time

2025 3Q

KPMG Samjong Accounting Corp.

1Q/1H/3Q Review

Closing audit (including internal

accounting management system)

KRW 1,835 million

17,029 hours

KRW 600 million

10,010 hours

2024

KPMG Samjong Accounting Corp.

1Q/1H/3Q Review

Closing audit (including internal

accounting management system)

KRW 1,037 million

9,930 hours

KRW 1,037 million

9,937 hours

2023

KPMG Samjong Accounting Corp.

1Q/1H/3Q Review

Closing audit (including internal

accounting management system)

KRW 964 million

9,380 hours

KRW 964 million

9,613 hours

Note 1) Fee excludes VAT

Note 2) Time includes planning time up until the commencement of the applicable services

b.	Other Audit Services

Not Applicable

c.	Current Status of Audit Service Agreements with the Independent Auditor Relating to U.S. Listing


Term	Auditor	Description	Fee
2025 3Q	KPMG Samjong Accounting Corp.	U.S. PCAOB standard audit of consolidated financial statements and internal control over financial reporting (for FY2025)	KRW 2,028 million
2024	KPMG Samjong Accounting Corp.	U.S. PCAOB standard audit of consolidated financial statements and internal control over financial reporting (for FY2024)	KRW 2,015 million
2023	KPMG Samjong Accounting Corp.	U.S. PCAOB standard audit of consolidated financial statements and internal control over financial reporting (for FY2023)	KRW 1,891 million

Note 1) Fee excludes VAT

d.	Non-Audit Services

Term

Date of
Execution of
Agreement

Description of Service

Service Term

Fees

2025 3Q

April 9, 2025

Tax adjustment (including review relating to application of consolidated tax)

April 9, 2025 ~ June 1, 2026

KRW 76 million

2024

March 31, 2024

Tax adjustment (including review relating to application of consolidated tax)

April 1, 2024 ~ June 2, 2025

KRW 68 million

2023

March 31, 2023

Tax adjustment (including review relating to application of consolidated tax)

April 1, 2023 ~ May 31, 2024

KRW 64 million

Note 1) Fee excludes VAT

V.	Corporate Governance

VI.

Shareholder Information

1.	Share Distribution

a.	Share Information of the Largest Shareholder and Specially Related Parties


As of September 30, 2025				(units: shares, %)
Name	Relation		Type	Shares Held								Notes
				Beginning balance				Ending balance
				Number		Share		Number		Share
Employee Stock Ownership Association of Woori Financial Group		The largest shareholder	Common		44,474,301		5.99		42,531,693		5.79		—

Employee Stock Ownership Association of Woori Bank		Specially related party of the largest shareholder	Common		19,106,955		2.57		15,306,268		2.09		—
Total			Common		63,581,256		8.56		57,837,961		7.88		—
Total			Others		—		—		—		—		—

b.	Changes in the largest shareholder

As of September 30, 2025

(units: shares, %)

Change of Date

Largest Shareholder

Number Held

Share

Notes

December 9, 2021

Employee Stock Ownership Association
of Woori Financial Group and 1
other

71,346,178

9.80

Bought 1.00% of the KDIC’s remaining shares of Woori Financial Group (8.80% share already held) Note 1)

Note 1) Refer to the prior disclosure on the Form 6-K on December 10, 2021, Changes in the Largest Shareholder

c.	Share Ownership of More Than 5%

2.	Stock Price and Stock Market Performance

VII.

Directors and Employee Information

1.	Directors and Executives

As of September 30, 2025

Position

Name

Common
Shares
Owned

Term
Commencement Date

Expiration of Term

Chief Executive Officer

Registered

Jong-Yong Yim

10,000

March 24, 2023

Note 1)

Independent Director

Registered

In-Sub Yoon

—

January 27, 2022

Note 1)

Independent Director

Registered

Choon-Soo Kim

2,800

March 26, 2025

Note 2)

Independent Director

Registered

Young-Hoon Kim

—

March 26, 2025

Note 2)

Independent Director

Registered

Kang-Haeng Lee

7,000

March 26, 2025

Note 2)

Independent Director

Registered

Yeong-Seop Rhee

—

March 26, 2025

Note 2)

Independent Director

Registered

Eun-Ju Lee

—

March 28, 2024

Note 1)

Independent Director

Registered

Sun-Young Park

—

March 26, 2024

Note 1)

Deputy President

Non-Registered

Sung-Wook Lee

16,000

February 25, 2022

December 31, 2025

Deputy President

Non-Registered

Il-Jin Ouk

4,000

December 8, 2023

November 30, 2025

Deputy President

Non-Registered

Jang-Keun Park

2,850

December 8, 2023

March 6, 2027

Deputy President

Non-Registered

Jung-Soo Lee

6,890

December 8, 2023

December 31, 2025

Deputy President

Non-Registered

Chan-Ho Jeong

7,492

December 8, 2023

November 30, 2025

Deputy President

Non-Registered

Kyu-Hwang Jeong

11,741

December 8, 2023

July 4, 2026

Deputy President

Non-Registered

Hyeon Gi Jeon

4,789

December 16, 2024

December 31, 2026

Managing Director

Non-Registered

Jung Sup Lee

—

December 16, 2024

December 31, 2026

Managing Director

Non-Registered

Je Seong Park

5,250

December 16, 2024

December 31, 2026

Note 1) The terms of the standing director Jong-Yong Yim and the independent directors In-Sub Yoon, Eun-Ju Lee, and Sun-young Park : Until the end of the annual general meeting of shareholders for FY2025.

Note 2) The terms of the independent directors Choon-Soo Kim, Young-Hoon Kim, Kang-Haeng Lee, Yeong-Seop Rhee: Until the end of the annual general meeting of shareholders for FY2026.

Note 3) Term commencement date: date of inauguration for registered officers or directors / date of appointment for non-registered officers or directors

Note 4) Excludes shares held through the Employee Stock Ownership Association, in accordance with the legal interpretation by the Financial Services Commission (FSC).

2.	Employee Status

3.	Directors’ Compensation

VIII.

Internal Controls

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


	Woori Financial Group Inc.
	(Registrant)

Date: November 14, 2025	By:	/s/ Sung-Wook Lee
	(Signature)
	Name: Sung-Wook Lee
	Title: Deputy President

SEC Form 6-K filed by Woori Financial Group Inc.