Woori Financial Group (316140)
Woori Financial Group (316140) is the holding company of Woori Bank, one of Korea’s four largest commercial banks, now rebuilding its securities and insurance arms. In ETFpedia it is the capital-trigger story of the Korea Financials & Holdings High Dividend concept: its plan converts CET1 above 13% into extra buybacks, and the ratio reached 13.6% in Q1 2026.
| Ticker | 316140 |
|---|---|
| Exchange | KOSPI (NYSE ADR: WF) |
| Sector | Financials · Banks (Financial Holding Company) |
| Country | South Korea |
| Held by ETF | DAISHIN343 금융&지주고배당 ETF (0189Z0) |
| Wikidata | Q484117 |
| Last updated | 2026-06-10 |
Next event:Next report · H1 2026 반기보고서 (semi-annual report), estimated · Estimated from Korea's 45-day semi-annual filing deadline; not company-confirmed. The group customarily releases Q2 results in late July. (source)
Latest reported quarter:Q1 2026 (ended Mar 31, 2026) (reported2026-04-24)
Woori Financial Group posted net profit attributable to equity holders of ₩603.8 billion, down 2.1% year over year amid Middle East driven market volatility, declared a ₩220 quarterly dividend per share, and reported a CET1 ratio of 13.6% after a land revaluation added about ₩1.79 trillion to equity.
| Net income (equity holders) | ₩603.8bn-2.1%YoY |
|---|---|
| Operating income | ₩808.2bn-7.0%YoY |
| Quarterly dividend per share | ₩220+10%YoY · Record date May 11, 2026 · payment May 29, 2026 |
| CET1 ratio | 13.6% · Above the 13% trigger for additional buybacks |
Recent & upcoming events
- · ₩200 billion buyback-and-cancellation and 2026 value enhancement plan.The board resolved to cancel 6,269,592 common shares (about ₩200 billion) acquired between February 10 and June 10, 2026, and disclosed its 2026 Corporate Value Enhancement Plan. (source)
- · Q1 2026 results, ₩220 dividend, and land revaluation.Net profit of ₩603.8 billion (-2.1% YoY); quarterly dividend of ₩220 per share declared; a revaluation of 318 land parcels lifted assets by ₩2.47 trillion and equity by about ₩1.79 trillion. (source)
- · Tongyang Life to become a wholly owned subsidiary.The board approved a small-scale share exchange (1 Woori share per 3.97 Tongyang shares, ratio 0.2521056) to take full ownership of Tongyang Life Insurance, deepening the group's non-bank earnings base. (source)
- · CET1 13.6% confirmed, additional H2 buyback on the table.Coverage of the Q1 disclosure confirmed the CET1 ratio at 13.6%, ahead of the mid-term 13% target, with the CFO saying additional buybacks and cancellations would be reviewed after Q2 results. (source)
Quarterly figures are preliminary fair-disclosure numbers from Woori's Form 6-K filings with the U.S. SEC (NYSE: WF); they precede full auditor review.
Figures are as of 2026-06-10 and reflect the most recent public filings/IR releases; they are updated after each earnings report.
What does Woori Financial Group do?
Woori is the most bank-dependent of Korea’s four big financial holding groups, which is exactly what it is fixing. Woori Bank provides the bulk of earnings, and the group has been bolting the non-bank legs back on: Woori Investment Securities is being recapitalized with roughly ₩1 trillion to push toward a comprehensive investment-business license, and on April 24, 2026 the board approved a small-scale share exchange that makes Tongyang Life Insurance, an insurer with ₩35.3 trillion in assets, a wholly owned subsidiary at a ratio of 0.2521056 Woori shares per Tongyang share (Form 6-K; Dealsite). The group trades on the KOSPI as 316140 and in New York as the WF ADR.
Why is Woori a Korea financials high-dividend name?
Because its payout is wired to a published capital trigger. Woori disclosed its 2026 Corporate Value Enhancement Plan on February 6, 2026, the same day its board resolved to buy and cancel 6,269,592 shares, about ₩200 billion, between February 10 and June 10 (Form 6-K). The plan’s mid-term CET1 target of 13% arrived years early: the ratio reached 13.6% in Q1 2026, helped by a first-ever land revaluation that lifted assets by ₩2.47 trillion and equity by about ₩1.79 trillion (Newspim; Form 6-K). Management has been explicit about what happens next:
“If CET1 exceeds 13%, we will review additional treasury-share buybacks and cancellations in the second half.” (translated)
— Kwak Seong-min, CFO, Woori Financial Group (Dealsite, Apr 24, 2026)
What did Woori report most recently?
In Q1 2026 (quarter ended March 31, 2026), net profit attributable to equity holders was ₩603.8 billion, down 2.1% year over year, on operating income of ₩808.2 billion (-7.0%), effectively defending the prior-year level through Middle East driven market volatility (Form 6-K). The board declared a quarterly dividend of ₩220 per share, up 10%, about ₩160.8 billion in total, with a May 11 record date and May 29 payment (Form 6-K). The quarter also included a ₩19 billion gain from selling down the K-bank stake to 9.2% and a target floor for the bank’s net interest margin of 1.46% for the year (Dealsite).
What are the risks for Woori?
- Earnings still mostly bank. Until the securities and insurance build-out matures, Woori’s profit swings with Woori Bank’s margin and credit costs; Q1 2026 operating income fell 7.0% (Form 6-K).
- Revaluation, not earnings, drove part of the capital jump. The land revaluation added about ₩1.79 trillion of equity in one step; it is real capital but not repeatable (Form 6-K).
- M&A integration. Folding in Tongyang Life and recapitalizing the securities arm consume capital and management attention that compete with payouts.
- Trigger is a review, not a promise. The additional buyback above 13% CET1 is something management will “review,” and regulators or markets can intervene before it converts into cash (Dealsite).
Related securities, concepts & terms
- Korea Financials & Holdings High Dividendparent
- Shinhan Financial Group (055550)sibling
- Hana Financial Group (086790)sibling
- Corporate Value-up Program (기업 밸류업 프로그램)related
Related indices & ETFs
- DAISHIN343 금융&지주고배당 ETF (0189Z0) · Daishin Asset ManagementKorea-listed ETF (June 9, 2026) tracking the KRX-Akros index behind this concept; 0.24% total fee with monthly distributions.
- KRX-Akros Financial & Holdings High Dividend Index (KFHHD) · KRX-AkrosThe KRX-Akros index that frames this concept and the benchmark the DAISHIN343 ETF tracks.
These references describe index-tracking relationships as a matter of fact and are not a recommendation to buy any product. Akros, as the index provider, may receive licensing fees from product sponsors. Review the product's prospectus before investing.
Frequently asked questions about Woori Financial Group
What does Woori Financial Group do?
Woori Financial Group is the holding company of Woori Bank, one of Korea's four largest commercial banks, listed on the KOSPI (316140) with a New York ADR (WF). It is rebuilding the non-bank side of the group: Woori Investment Securities is being recapitalized toward a comprehensive investment license, and Tongyang Life is becoming a wholly owned subsidiary through a share exchange approved on April 24, 2026 (Form 6-K).
What did Woori report in Q1 2026?
Net profit attributable to equity holders of ₩603.8 billion, down 2.1% year over year, on operating income of ₩808.2 billion (-7.0%), holding roughly flat through Middle East driven market volatility (Form 6-K). The board also declared a ₩220 quarterly dividend, up 10%, with a May 11 record date (Form 6-K).
Why does Woori's CET1 ratio matter so much?
Because Woori's value-up plan turns capital into payouts mechanically: management has said that if CET1 exceeds 13%, additional buybacks and cancellations will be reviewed in the second half. The ratio reached 13.6% in Q1 2026, helped by a land revaluation that added about ₩1.79 trillion to equity, so the trigger is in the money (Newspim; Form 6-K).
How much is Woori returning to shareholders?
In 2026 so far: a ₩200 billion buyback-and-cancellation of 6,269,592 shares resolved on February 6 and completed by June 10, a ₩220 quarterly dividend per share (about ₩160.8 billion in total) declared on April 24, and a stated commitment to review additional buybacks once CET1 exceeds 13% (Form 6-K; Form 6-K; Dealsite).
When does Woori report its next earnings?
Woori customarily releases quarterly results in late July for the second quarter, and the regulatory H1 2026 반기보고서 (semi-annual report) is due around August 14, 2026 under Korea's 45-day deadline; both dates are estimated, not company-confirmed. The group last disclosed preliminary Q1 2026 results on April 24, 2026 (Form 6-K).
Sources & references
- Woori Financial Group preliminary financial performance for 1Q 2026 (Form 6-K) · Woori Financial Group / U.S. SEC EDGAR, 2026-04-24
- Resolution relating to Woori Financial Group's dividend payments, ₩220 per share (Form 6-K) · Woori Financial Group / U.S. SEC EDGAR, 2026-04-24
- Resolution for the cancellation of ₩200 billion of treasury shares (Form 6-K) · Woori Financial Group / U.S. SEC EDGAR, 2026-02-06
- Outcome of asset revaluation: ₩2.47 trillion uplift on land properties (Form 6-K) · Woori Financial Group / U.S. SEC EDGAR, 2026-04-24
- Decision on share exchange: Tongyang Life to become a wholly owned subsidiary (Form 6-K) · Woori Financial Group / U.S. SEC EDGAR, 2026-04-24
- 우리금융, CET1 13% 조기 달성…비은행 강화로 밸류업 본격화 · Newspim, 2026-05-12
- 우리금융 "증권·보험 성장 전략 강화…추가 자사주 매입도 검토" · Dealsite (딜사이트), 2026-04-24