Dongyang Life Dividend Restriction and Financial Deterioration... Woori Financial Group Risks Highlighted
- Dongyang Life cannot pay dividends due to insufficient distributable profits (-1,544.3 billion won); no dividends since IFRS17 adoption.
- Dongyang Life K-ICS ratio 179.8% (below industry average), 9.1%p drop if rates fall 100bp, ROE 3.7%, net profit down 60.4%.
- Woori Financial Group plans 200 billion won share buyback/cancellation and DPS growth of 10%+ (positive) but faces 1,032 lawsuits (926.9 billion won) and Woori Card fine of 134.5 billion won.
- Woori Bank improper loans of 73 billion won, personal data leak fine, ongoing investigation by Financial Services Commission.
- Mandatory basic capital ratio of 50% by 2027; Dongyang Life's basic capital ratio dropped to 33.8%.
- Interest rate rise of 100bp reduces net income by 155.3 billion won; high sensitivity to stock price changes.
- With-profit insurance policy liabilities of 2.85 trillion won, overseas bond issuance of USD 500 million increase financial burden.
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KOSPI Filing Information
- Filing: Securities Registration Statement (Comprehensive Stock Swap/Transfer)
- Company: Woori Financial Group (316140)
- Submission: Woori Financial Group Inc.
- Receipt: 05-14-2026