STOCK TITAN

Woori Financial Group (NYSE: WF) sets May 6 record date for Tongyang Life share exchange

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Woori Financial Group Inc. set May 6, 2026 as the record date to determine which shareholders may oppose its planned comprehensive share exchange with Tongyang Life Insurance Co., Ltd. and, if required, who may vote on that transaction.

If shareholders holding more than an aggregate of 20% of Woori Financial Group’s issued shares oppose the share exchange, only shareholders of record on May 6, 2026 will be entitled to vote at a subsequent shareholders’ meeting to approve it. The same record date applies to holders of Woori Financial Group’s American Depositary Shares.

Positive

  • None.

Negative

  • None.
Record date May 6, 2026 Determines eligible shareholders for opposition and voting on share exchange
Opposition threshold 20% of issued shares If exceeded, triggers shareholders’ meeting to approve share exchange
Notice date April 24, 2026 Date Woori Financial Group signed the record date notice
record date financial
"announced that May 6, 2026 will be the record date for the determination of"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
comprehensive share exchange financial
"the comprehensive share exchange between Woori Financial Group and TONGYANG Life Insurance"
American Depositary Shares financial
"May 6, 2026 will also be the record date with respect to holders of Woori Financial Group’s American Depositary Shares."
American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.
Korean Commercial Code regulatory
"pursuant to the ordinary procedures of Article 360-3, Paragraph 1 of the Korean Commercial Code."
 
 

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 April 2026

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 ☐

 

 
 


Notice of Record Date

Woori Financial Group Inc. (“Woori Financial Group”) announced that May 6, 2026 will be the record date for the determination of (i) the shareholders who have the right to oppose the comprehensive share exchange between Woori Financial Group and TONGYANG Life Insurance Co., Ltd. (“Tongyang Life Insurance”) that will proceed as a small-scale share exchange (the “Share Exchange”) and (ii) the shareholders entitled to vote at a shareholders’ meeting to take place in order to approve the Share Exchange if shareholders owning more than an aggregate of 20% of the total number of issued shares of Woori Financial Group oppose the Share Exchange, and Woori Financial Group intends to proceed with the share exchange pursuant to the ordinary procedures of Article 360-3, Paragraph 1 of the Korean Commercial Code. May 6, 2026 will also be the record date with respect to holders of Woori Financial Group’s American Depositary Shares.

Please refer to the relevant announcement on Woori Financial Group’s website for details regarding the Share Exchange.


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: April 24, 2026       By:   /s/ Seong Min Kwak
      (Signature)
      Name: Seong Min Kwak
      Title: Deputy President

FAQ

What did Woori Financial Group (WF) announce in this Form 6-K?

Woori Financial Group announced a record date of May 6, 2026. Shareholders of record that day can oppose or, if required, vote on a planned comprehensive share exchange with Tongyang Life Insurance Co., Ltd. under Korean corporate procedures.

What is the significance of May 6, 2026 for Woori Financial Group (WF) shareholders?

May 6, 2026 is the record date determining which shareholders can oppose the proposed comprehensive share exchange with Tongyang Life Insurance. If opposition exceeds 20%, shareholders of record that day may vote at a meeting to approve the exchange.

How does the 20% threshold affect Woori Financial Group (WF)’s share exchange plan?

If shareholders owning more than an aggregate of 20% of Woori Financial Group’s issued shares oppose the share exchange, a shareholders’ meeting will be held. Only shareholders of record on May 6, 2026 will be entitled to vote on approving the exchange.

Are Woori Financial Group (WF) American Depositary Share holders included in the record date?

Yes. The company stated that May 6, 2026 is also the record date for holders of Woori Financial Group’s American Depositary Shares, aligning ADS holder rights with common shareholders regarding the proposed share exchange.

What transaction is Woori Financial Group (WF) considering with Tongyang Life Insurance?

Woori Financial Group is planning a comprehensive share exchange with Tongyang Life Insurance that will proceed as a small-scale share exchange. The process follows Article 360-3, Paragraph 1 of the Korean Commercial Code, with opposition and voting rights set by the record date.