# EDGAR Filing Document

**Accession Number:** 0001264136
**File Stem:** 0001193125-25-180403
**Filing Date:** 2025-8
**Character Count:** 623955
**Document Hash:** 61861dbc8f615b52d5904ed5917383de
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-180403.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001193125-25-180403

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20250814

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WOORI FINANCIAL GROUP INC.
- **CENTRAL INDEX KEY:** 0001264136
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL BANKS, NEC [6029]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** M5
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-31811
- **FILM NUMBER:** 251214530

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 51, SOGONG-RO, JUNG-GU
- **CITY:** SEOUL
- **PROVINCE COUNTRY:** M5
- **ZIP:** 04632
- **BUSINESS PHONE:** 000-000-0000

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 51, SOGONG-RO, JUNG-GU
- **CITY:** SEOUL
- **PROVINCE COUNTRY:** M5
- **ZIP:** 04632

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WOORI BANK
- **DATE OF NAME CHANGE:** 20141015

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WOORI FINANCE HOLDINGS CO LTD
- **DATE OF NAME CHANGE:** 20030917

##### [**Table of Contents**](#toc)
**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 <u>August 2025</u>** 

**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 ☐

------

##### [**Table of Contents**](#toc)

---

| | |
|:---|:---|
|  | **Index** |
| **1.** | **[Summary of 2025 1H Business Report](#tx61432_31)** |
| **2.** | **[Exhibit 99.1 Woori Financial Group Review Report for 2025 1H (Consolidated)](d61432dex991.htm)** |
| **3.** | **[Exhibit 99.2 Woori Financial Group Review Report for 2025 1H (Separate)](d61432dex992.htm)** |

---

------

##### [**Table of Contents**](#toc)
**<u>Summary of 2025 First Half Business Report</u>** 

**Table of Contents** 

---

| | | |
|:---|:---|:---|
| I. | [INTRODUCTION OF THE COMPANY](#tx61432_1) | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. | [Overview of the Company](#tx61432_2) | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. | [Capital Structure (Changes in Capital)](#tx61432_3) | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. | [Total Number of Authorized Shares](#tx61432_4) | 8 |
| II. | [BUSINESS OVERVIEW](#tx61432_5) | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. | [Results of Operations](#tx61432_6) | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. | [Funding Sources and Uses of Funds](#tx61432_7) | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. | [Other Information Necessary for Making Investment Decisions](#tx61432_8) | 10 |
| III. | [FINANCIAL INFORMATION](#tx61432_9) | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. | [Condensed Financial Statements (Consolidated)](#tx61432_10) | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. | [Condensed Financial Statements (Separate)](#tx61432_11) | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. | [Dividend Information](#tx61432_12) | 19 |
| IV. | [INDEPENDENT AUDITOR'S OPINION](#tx61432_13) | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. | [Independent Auditor's Opinion](#tx61432_14) | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. | [Compensation to the Independent Auditor](#tx61432_15) | 20 |
| V. | [CORPORATE GOVERNANCE](#tx61432_16) | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. | [About the Board of Directors](#tx61432_17) | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. | [Shareholder's Meeting](#tx61432_18) | 24 |
| VI. | [SHAREHOLDER INFORMATION](#tx61432_19) | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. | [Share Distribution](#tx61432_20) | 26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. | [Stock Price and Stock Market Performance](#tx61432_21) | 28 |
| VII. | [DIRECTORS AND EMPLOYEE INFORMATION](#tx61432_22) | 29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. | [Directors and Executives](#tx61432_23) | 29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. | [Employee Status](#tx61432_24) | 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. | [Directors' Compensation](#tx61432_25) | 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. | [Stock-based Compensation](#tx61432_26) | 30 |
| VIII. | [INTERNAL CONTROLS](#tx61432_27) | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. | [Management's Assessment of the Effectiveness of the Internal Accounting Management System](#tx61432_28) | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. | [Audit Committee's Assessment of the Effectiveness of the Internal Accounting Management System](#tx61432_29) | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. | [External Auditor's Audit Opinion (Review Report) on the Effectiveness of the Internal Accounting Management System](#tx61432_30) | 32 |

---

------

##### [**Table of Contents**](#toc)
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.

------

##### [**Table of Contents**](#toc)
**I.** **Introduction of the Company** 

**1.** **Overview of the Company** 

**a.** **History** (Recent 5 years)

---

| | |
|:---|:---|
| January 15, 2021 | Joined the Carbon Disclosure Project (CDP), announced support for the Task force on Climate related Financial Disclosure (TCFD) and established the ESG management principles of Woori Financial Group |
| March 5, 2021 | Established the Board ESG Management Committee |
| March 12, 2021 | Integrated Woori Savings Bank as a first-tier subsidiary of the Company |
| April 9, 2021 | After-hours trading of a 2% stake in Woori Financial Group held by the Korea Deposit Insurance Corporation |
| April 15, 2021 | Purchased additional equity shares of Woori Financial Capital Co., Ltd., increasing the Company's equity ownership by 12.9% |
| May 13, 2021 | Participated in the capital increase of Woori Savings Bank (KRW 100 billion) |
| May 24, 2021 | Purchased 3.6% of Woori Financial Capital Co., Ltd. in treasury shares |
| June 4, 2021 | Entered into a stock exchange agreement to acquire the remaining shares of Woori Financial Capital Co., Ltd. |
| August 10, 2021 | Integrated Woori Financial Capital Co., Ltd., as a wholly-owned subsidiary of the Company (Completion of stock exchange) |
| September 9, 2021 | Announcement of contemplated sales of the remaining stake in Woori Financial Group held by the Korea Deposit Insurance Corporation |
| October 8, 2021 | Joined the SBTi (Science Based Targets initiative) as part of the roadmap for achieving carbon neutrality |
| November 2, 2021 | Obtained regulatory approval for using the IRB (Internal Rating Based) approach |
| November 9, 2021 | Obtained 'AA' rating from MSCI ESG assessment (2 grades higher than the previous year), 'A' rating from KCGS(Korea Corporate Governance Service)(1 grade higher than the previous year) |

---

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##### [**Table of Contents**](#toc)

---

| | |
|:---|:---|
| November 17, 2021 | Included newly in Asia Pacific Index of DJSI (Dow Jones Sustainability Indices) |
| December 9, 2021 | Achieved practically full privatization through the decrease of the KDIC'S stake in us from 15.1% to 5.8%, changing the largest shareholder from the KDIC to the Employee Stock Ownership Association of Woori Financial Group |
| December 26, 2021 | Launched the Group integrated car finance platform "Woori WON Car" |
| January 7, 2022 | Officially launched the NPL investment company Woori Financial F&I Inc. |
| January 13, 2022 | Joined the global environment initiative Taskforce on Nature-related Financial Disclosures (TNFD) |
| February 4, 2022 | Recognized as an 'Industry Mover' in a sustainability assessment by S&P Global for 2022 |
| February 10, 2022 | Disposal by the Korea Deposit Insurance Corporation of a 2.2% stake in Woori Financial Group (reducing the KDIC's stake in Woori Financial Group from 5.8% to 3.6%) |
| May 11, 2022 | Became the first company in the world to join the launch of the 'Business for Land (B4L) Initiative' for the protection of sustainable forests and the recovery of land degradation |
| May 18, 2022 | Disposal by the Korea Deposit Insurance Corporation of a 2.3% stake in Woori Financial Group (reducing the KDIC's stake in Woori Financial Group from 3.6% to 1.3%) |
| June 19, 2022 | Held the inaugural meeting of Woori Financial Future Foundation |
| August 22, 2022 | Joined the 'Partnership for Biodiversity Accounting Financials(PBAF)' as the first Asian company |
| November 7, 2022 | Held the global conference 'Sustainable Finance for a Better World' |
| December 14, 2022 | Signatory of Statement from the Financial Sector at the Conference of the Parties to the 'UN Convention on Biological Diversity(UN CBD)' |
| December 29, 2022 | Received 'AA' rating from MSCI ESG Research for 2 consecutive years |

---

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##### [**Table of Contents**](#toc)

---

| | |
|:---|:---|
| January 16, 2023 | Completed the establishment of the 'WON Synergy' system to create effective synergy within group companies |
| January 26, 2023 | Became the first financial company in Korea to join the 'Finance Leadership Group on Plastics' hosted by 'UN Environment Programme Finance Initiative (UNEP FI)' |
| February 27, 2023 | Entered into a stock purchase agreement to acquire Daol Investment (52% ownership) |
| March 23, 2023 | Daol Investment, re-named Woori Venture Partners, incorporated as a subsidiary into the Company |
| March 24, 2023 | Jong-Yong Yim appointed as the 9th chairman of Woori Financial Group (4th annual general meeting of shareholders of Woori Financial Group) |
| April 21, 2023 | Resolved to repurchase and cancel treasury shares, a first-time since the transition to a holding company |
| June 01, 2023 | Entered into a comprehensive stock exchange agreement with Woori Investment Bank and Woori Venture Partners |
| August 08, 2023 | Woori Investment Bank and Woori Venture Partners to each become a wholly-owned subsidiary of the Company |
| August 24, 2023 | Group Carbon Emission Reduction Target validated by SBTi (Science Based Targets initiative) |
| October 05, 2023 | Entered into a memorandum of understanding with the Korea Deposit Insurance Corporation to purchase its remaining stake in Woori Financial Group (1.2%) |
| December 22, 2023 | A capital increase of KRW 500 billion conducted by Woori Investment Bank (to enhance competitiveness) |
| December 26, 2023 | Obtained an 'AAA' rating from MSCI ESG assessment |
| March 13, 2024 | Resolved to acquire and cancel the remaining shares owned by the Korea Deposit Insurance Corporation |
| August 1, 2024 | Established Woori Investment Securities Co., Ltd. as a new direct subsidiary |

---

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##### [**Table of Contents**](#toc)

---

| | |
|:---|:---|
| August 28, 2024 | Entered into share purchase agreements to acquire Tongyang Life Insurance and ABL Life Insurance |
| September 24, 2024 | Included in the 'KRX Korea Value-up Index' |
| November 28, 2024 | Launched the new universal banking mobile application NEW 'Woori WON Banking' |
| December 17, 2024 | Included in the Dow Jones Sustainability Indexes (DJSI) World Index |
| March 26, 2025 | Established an Ethics and Internal Control Committee within the Board of Directors |
| July 1, 2025 | Incorporated Tongyang Life Insurance and ABL Life Insurance as subsidiaries of the Company |
| July 31, 2025 | Integrated Woori Asset Trust Co., Ltd. as a wholly-owned subsidiary of the Company |

---

**b.** **Affiliated Companies** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Overview of Business Group

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **Name of business group**: Woori Financial Group Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Affiliated companies within the business group

As of June 30, 2025

---

| | |
|:---|:---|
| **Type** | **Name of Company** |
| Listed company<br> (3 companies) | Woori Financial Group |
| Listed company<br> (3 companies) | PT Bank Woori Saudara Indonesia 1906 Tbk |
| Listed company<br> (3 companies) | PT Woori Finance Indonesia Tbk |
| Unlisted company<br> (35 companies) | Woori Bank |
| Unlisted company<br> (35 companies) | Woori Card |
| Unlisted company<br> (35 companies) | Woori Financial Capital |
| Unlisted company<br> (35 companies) | Woori Investment Securities |
| Unlisted company<br> (35 companies) | Woori Asset Trust |
| Unlisted company<br> (35 companies) | Woori Savings Bank |
| Unlisted company<br> (35 companies) | Woori Financial F&I Inc. |
| Unlisted company<br> (35 companies) | Woori Asset Management |
| Unlisted company<br> (35 companies) | Woori Venture Partners |
| Unlisted company<br> (35 companies) | Woori Private Equity Asset Management |
| Unlisted company<br> (35 companies) | Woori Credit Information |

---

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##### [**Table of Contents**](#toc)

---

| | |
|:---|:---|
| **Type** | **Name of Company** |
|  | Woori Fund Services |
|  | Woori FIS |
|  | Woori Finance Research Institute |
|  | Korea BTL Infrastructure Fund |
|  | Woori America Bank |
|  | Woori Bank China Limited |
|  | AO Woori Bank |
|  | Banco Woori Bank do Brazil S.A. |
|  | Woori Global Markets Asia Limited |
|  | Woori Bank Vietnam Limited |
|  | Wealth Development Bank |
|  | Woori Finance Myanmar Co., Ltd. |
|  | Woori Bank (Cambodia) PLC. |
|  | Woori Bank Europe Gmbh |
|  | Tutu Finance-WCI Myanmar Co., Ltd. |
|  | WFBS Financial Stability Private Equity Fund No.1 |
|  | Woori Venture Partners US, Inc. |
|  | KTBN GI Private Equity Fund |
|  | Arden Woori Apparel 1st Private Equity Fund |
|  | Woori Dino 1st Private Equity Fund |
|  | Green ESG Growth No.1 Private Equity Fund |
|  | Woori Corporate Turnaround No.1 Private Equity Fund |
|  | NH Woori Dino Co-Investment No.2 Private Equity Fund |
|  | Woori Eugene Energy Link Private Equity Fund |

---

Note 1) Includes first-tier and second-tier subsidiaries under the Financial Holding Company Act

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##### [**Table of Contents**](#toc)
![LOGO](g61432dsp011.jpg)

1) Including group company shares 34.67% 

2) Including group company shares 36.15% 

3) Including group company shares 7.86% 

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##### [**Table of Contents**](#toc)
**2.** **Capital Structure (Changes in Capital)** 

This section has been omitted for half-year 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 March 18, 2025 under the title "Summary of 2024 Business Report."

**3.** **Total Number of Authorized Shares** 

As of June 30, 2025 (unit: shares)

---

| | | | |
|:---|:---|:---|:---|
| **Items** | **Type** | **Type** | **Notes** |
| **Items** | **Common Shares** | **Total** | **Notes** |
|  Number of authorized shares | 4000000000 | 4000000000 |  |
|  Number of issued shares | 760535260 | 760535260 |  |
|  Number of decreased shares | 17943759 | 17943759 | Cancellation of Treasury<br> Shares<br> Note 1) |
|  Number of treasury shares | 8562964 | 8562964 | Note 2), Note 3) |
|  Number of outstanding shares | 734028537 | 734028537 |  |

---

Note 1) Cancellation of treasury shares : 8,585,799 shares in October 2023, 9,357,960 shares in March 2024

---

| | |
|:---|:---|
| Note 2) | Including 53,945 shares acquired through the issuance of fractional shares (2 shares acquired from the partial replacement of physical stock certificates in 2019, 2,322 new fractional shares were added in August 2021 due to the comprehensive stock exchange between Woori Financial Group and Woori Financial Capital, 51,621 shares from comprehensive stock exchange between Woori Financial Group and Woori Investment Bank and between Woori Financial Group and Woori Venture Partners in August 2023)  |

---

---

| | |
|:---|:---|
| Note 3) | Including the acquisition of 8,509,019 shares under a share buyback program via a trust agreement for the first half of 2025 (based on the shareholders' register as of June 30, 2025). The purchase of 8,515,181 shares, equivalent to the trust agreement amount of KRW 150 billion, was completed as of June 30, 2025.  |

---

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##### [**Table of Contents**](#toc)
**II.** **Business Overview** 

**1.** **Results of Operations** 

(unit: billions of Won)

---

| | | | |
|:---|:---|:---|:---|
| **Type** | **2025 1H** | **2024** | **2023** |
|  Operating income | 1978 | 4255 | 3499 |
|  Net non-operating income (expense) | 73 | (32) | 18 |
|  Income before income tax | 2051 | 4223 | 3517 |
|  Income tax expense (-) | 457 | 1051 | 891 |
|  Net income | 1594 | 3171 | 2627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Controlling Interest | 1552 | 3086 | 2506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-controlling Interest | 42 | 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<br>Source** | **2025 1H** | **2025 1H** | **2025 1H** | **2024** | **2024** | **2024** | **2023** | **2023** | **2023** |
| **Classification** | **Funding<br>Source** | **Average<br>Balance** | **Interest<br>Rate** | **Proportion** | **Average<br>Balance** | **Interest**<br>**Rate** | **Proportion** | **Average<br>Balance** | **Interest**<br>**Rate** | **Proportion** |
|  Source | Deposits | 357628895 | 2.54 | 68.82 | 351584810 | 2.88 | 69.89 | 324824465 | 2.83 | 68.98 |
|  | Borrowings | 26688773 | 3.52 | 5.14 | 28000803 | 4.09 | 5.57 | 28052983 | 4.02 | 5.96 |
|  | Debentures | 48108890 | 3.72 | 9.26 | 43989333 | 4.00 | 8.74 | 42458653 | 3.55 | 9.02 |
|  | Others | 51524199 |  | 9.91 | 44591752 |  | 8.86 | 42829998 |  | 9.09 |
|  Total Liabilities | Total Liabilities | 483950757 |  | 93.13 | 468166698 |  | 93.06 | 438166099 |  | 93.05 |
|  Total Equity | Total Equity | 35711263 |  | 6.87 | 34913425 |  | 6.94 | 32708219 |  | 6.95 |
|  Total Liabilities & Equity | Total Liabilities & Equity | 519662020 |  | 100.00 | 503080123 |  | 100.00 | 470874318 |  | 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

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##### [**Table of Contents**](#toc)
**b.** **Use of Funds** 

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| | |
|:---|:---|
| For the periods indicated other than as noted below | (units: millions of Won, %) |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Type** | **Managed<br>Item** | **2025 1H** | **2025 1H** | **2025 1H** | **2024** | **2024** | **2024** | **2023** | **2023** | **2023** |
| **Type** | **Managed<br>Item** | **Average**<br>**Balance** | **Interest**<br>**Rate** | **Proportion** | **Average<br>Balance** | **Interest<br>Rate** | **Proportion** | **Average<br>Balance** | **Interest<br>Rate** | **Proportion** |
|  Use | Cash & Due from Banks | 18078561 | 3.20 | 3.48 | 18441851 | 3.38 | 3.67 | 16692268 | 3.26 | 3.54 |
|  | Marketable securities | 78200671 | 3.53 | 15.05 | 76997821 | 3.53 | 15.31 | 75522522 | 3.61 | 16.04 |
|  | Loans | 365864908 | 4.59 | 70.40 | 360802414 | 4.93 | 71.72 | 334205508 | 5.08 | 70.98 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans in local currency | 314462020 | 4.28 | 60.51 | 309771603 | 4.65 | 61.58 | 287312990 | 4.84 | 61.02 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans in foreign currency | 35617724 | 6.02 | 6.85 | 34224957 | 6.58 | 6.80 | 31215114 | 6.64 | 6.63 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantee payments | 11154 | 1.88 | 0.00 | 11571 | 1.96 | 0.00 | 14567 | 2.28 | 0.00 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit card receivables | 12214514 | 7.96 | 2.35 | 12224048 | 7.33 | 2.43 | 11215186 | 6.85 | 2.38 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign bills bought | 3559496 | 5.54 | 0.69 | 4570235 | 5.58 | 0.91 | 4447651 | 5.33 | 0.95 |
|  | Bad debt expense in local currency | 3429878 |  | 0.66 | 3198795 |  | 0.65 | 2609403 |  | 0.55 |
|  | Others | 60947758 |  | 11.73 | 50036832 |  | 9.95 | 47063423 |  | 9.99 |
|  Total Assets | Total Assets | 519662020 |  | 100.00 | 503080123 |  | 100.00 | 470874318 |  | 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** 

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| | |
|:---|:---|
| As of the end of the period indicated | (units: billions of Won, %) |

---

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type** | **2025 1H** | **2025 1H** | **2024** | **2024** | **2023** | **2023** |
|  Equity capital (A) |  | 36850 |  | 36928 |  | 34756 |
|  Risk weighted assets (B) |  | 229464 |  | 235100 |  | 219792 |
|  BIS(Capital adequacy) ratio (A/B) |  | 16.06 |  | 15.71 |  | 15.81 |

---

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

Note 2) 2025 1H figures are preliminary and are subject to change

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

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##### [**Table of Contents**](#toc)
**Capital Adequacy Ratios for Significant Subsidiaries and Consolidated Companies** 

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| | |
|:---|:---|
| As of the end of the periods indicated | (units: hundreds of millions of Won, %) |

---

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name of Company** | **Type** | **Type** | **2025 1H** | **2024** | **2023** |
|  **Woori Bank** Note2) | BIS capital adequacy ratio<br> Note1) | Equity capital (A) | 315757 | 304302 | 282379 |
|  **Woori Bank** Note2) | BIS capital adequacy ratio<br> Note1) | Risk weighted assets (B) | 1860358 | 1920087 | 1760737 |
|  **Woori Bank** Note2) | BIS capital adequacy ratio<br> Note1) | Capital adequacy ratio (A/B) | 16.97 | 15.85 | 16.04 |
|  **Woori Card** Note3) | Adjusted capital ratio | Adjusted capital ratio | 18.72 | 17.70 | 16.03 |
|  **Woori Card** Note3) | Tangible common equity ratio | Tangible common equity ratio | 12.85 | 12.37 | 10.97 |
|  **Woori Financial Capital** Note3) | Adjusted capital ratio | Adjusted capital ratio | 15.28 | 15.09 | 14.35 |
|  **Woori Financial Capital** Note3) | Tangible common equity ratio | Tangible common equity ratio | 12.43 | 11.83 | 11.48 |
|  **Woori Investment Securities** Note4) | Net capital ratio | Net capital ratio | 1231.78 | 2098.64 |  |
|  **Woori Investment Securities** Note4) | Debt-to-asset ratio | Debt-to-asset ratio | 117.00 | 119.41 |  |
|  **Woori Asset Trust** Note5) | Operating capital ratio | Operating capital ratio | 8498.36 | 4057.29 | 1284.26 |
|  **Woori Asset Management** Note3) | Minimum operating capital ratio | Minimum operating capital ratio | 693.22 | 739.31 | 650.26 |
|  **Woori Venture Partners** Note6) | Tangible common equity ratio | Tangible common equity ratio | 92.46 | 95.70 | 90.82 |
|  **Woori Savings Bank** Note7) | BIS capital adequacy ratio<br> Note1) | BIS capital adequacy ratio<br> Note1) | 17.27 | 16.37 | 13.21 |
|  **Woori Private Equity Asset Management** Note3) | Minimum operating capital ratio | Minimum operating capital ratio | 8288.46 | 8161.97 | 8618.79 |

---

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 1H figures are estimates only and are subject to change

Note 3) 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 4) 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 x 100 <br>

: based on the applicable standards for business reports submitted to the Financial Supervisory Service

- Debt-to-asset ratio: (actual assets)/(actual liability) x 100

: based on K-IFRS separate financial statements

---

| | |
|:---|:---|
| Note 5) | Woori Asset Trust's operating capital ratio = (net operating capital – subordinated debt, etc.)/(total risk amount) x 100  |

---

: based on K-IFRS separate financial statements

Note 6) Figures for Woori Venture Partners are based on K-IFRS consolidated financial statements

Note 7) Figures for Woori Savings Bank are based on K-GAAP

------

##### [**Table of Contents**](#toc)
**b.** **Liquidity Ratios** 

**Won Liquidity Ratios** 

---

| | |
|:---|:---|
| As of the end of the periods indicated | (units: millions of Won, %) |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Type** | **2025 1H** | **2025 1H** | **2025 1H** | **2024** | **2024** | **2024** | **2023** | **2023** | **2023** |
| **Type** | Won<br>Liquidity<br>Assets | Won<br>Liquidity<br>Liabilities | Won<br>Liquidity<br>Ratio | Won<br>Liquidity<br>Assets | Won<br>Liquidity<br>Liabilities | Won<br>Liquidity<br>Ratio | Won<br>Liquidity<br>Assets | Won<br>Liquidity<br>Liabilities | Won<br>Liquidity<br>Ratio |
|  **Woori Financial Group** Note 1) | 1660705 | 165466 | 1003.7 | 353835 | 10905 | 3244.7 | 111895 | 8155 | 1372.1 |
|  **Woori Card** Note 2) | 8433405 | 2281217 | 369.7 | 8722587 | 2785182 | 313.2 | 9119265 | 2454480 | 371.5 |
|  **Woori Financial Capital** Note 2) | 1681007 | 1326181 | 126.8 | 1850758 | 1317695 | 140.5 | 1919083 | 1245067 | 154.1 |
|  **Woori Investment Securities** Note 2) | 6010146 | 3456542 | 173.9 | 4982461 | 2660153 | 187.3 | 4032290 | 1926080 | 209.4 |
|  **Woori Asset Trust** Note 2) | 149910 | 7621 | 1967.0 | 258758 | 9311 | 2779.2 | 171860 | 18555 | 926.2 |
|  **Woori Savings Bank** Note 2), Note 3) | 317703 | 195354 | 162.6 | 344437 | 216143 | 159.4 | 434495 | 231003 | 188.1 |
|  **Woori Venture Partners** Note 2) | 119745 | 13830 | 865.8 | 136198 | 6877 | 1980.4 | 103367 | 7210 | 1433.6 |
|  **Woori Private Equity Asset Management** Note 2) | 24689 | 2024 | 1219.6 | 16011 | 2912 | 549.8 | 27506 | 2396 | 1147.8 |

---

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

**Foreign Currency (FC) Liquidity Ratios** 

---

| | |
|:---|:---|
| As of the end of the periods indicated | (units: millions of Won, %) |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Type** | **2025 1H** | **2025 1H** | **2025 1H** | **2024** | **2024** | **2024** | **2023** | **2023** | **2023** |
| **Type** | FC<br>Liquidity<br>Assets | FC<br>Liquidity<br>Liabilities | FC<br>Liquidity<br>Ratio | FC<br>Liquidity<br>Assets | FC<br>Liquidity<br>Liabilities | FC<br>Liquidity<br>Ratio | FC<br>Liquidity<br>Assets | FC<br>Liquidity<br>Liabilities | FC<br>Liquidity<br>Ratio |
|  **Woori Investment Securities** Note 1) | 2449 | 285 | 859.71 | 2581 | 2146 | 120.24 | 9450 | 7362 | 128.36 |

---

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

------

##### [**Table of Contents**](#toc)
**Liquidity Coverage Ratios (LCR)** 

(units: %)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name of Company** | **Type** | **2025 1H** | **2025 1H** | **2024** | **2024** | **2023** | **2023** |
|  **Woori Bank** | Liquidity coverage ratio Note 1) |  | 107.24 |  | 104.79 |  | 101.26 |
|  | Foreign currency liquidity coverage ratio Note 2) |  | 147.48 |  | 184.29 |  | 162.75 |
|  | Ratio of business purpose premises and equipment |  | 9.25 |  | 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 June 30, 2025, December 31, 2024 and December 31, 2023, respectively <br>

---

| | |
|:---|:---|
| 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%. <br>

Note 3) The applicable periods for LCR and foreign currency LCR are: 2Q 2025, 4Q 2024, and 4Q 2023

**c.** **Profitability Ratios** Note1), Note2)

(units: %)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Type** | **2025 1H** | **2025 1H** | **2024** | **2024** | **2023** | **2023** |
| **Type** | ROA | ROE | ROA | ROE | ROA | ROE |
|  Woori Financial Group |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Including non-controlling interests | 0.60 | 9.38 | 0.61 | 9.60 | 0.54 | 8.65 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Excluding non-controlling interests | 0.58 | 9.13 | 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

------

##### [**Table of Contents**](#toc)
**d.** **Asset Quality** 

**Group Asset Quality** 

(units: billions of Won, %)

---

| | | | |
|:---|:---|:---|:---|
| **Type** | **2025 1H** | **2024** | **2023** |
|  Total loans | 383989 | 390066 | 365780 |
|  Substandard and below loans | 2708 | 2211 | 1357 |
|  Substandard and below loans ratio | 0.71 | 0.57 | 0.37 |
|  Non-Performing Loans ("NPL") | 2332 | 1786 | 1299 |
|  NPL ratio | 0.61 | 0.46 | 0.36 |
|  Substandard and below coverage ratio (A/B) | 127.0 | 153.0 | 220.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loan loss reserve (A) | 3438 | 3382 | 2986 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Substandard and below loans (B) | 2708 | 2211 | 1357 |

---

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

Note 2) The figures for 2025 1H are preliminary.

**Asset Quality for Significant Subsidiaries and Consolidated Companies Note1)** 

(units: %)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Type** | **2025 1H** | **2025 1H** | **2025 1H** | **2024** | **2024** | **2024** | **2023** | **2023** | **2023** |
| **Type** | Substandard<br>and below<br>ratio | NPL<br>ratio | Substandard<br>and below<br>coverage<br>ratio | Substandard<br>and below<br>ratio | NPL<br>ratio | Substandard<br>and below<br>coverage<br>ratio | Substandard<br>and below<br>ratio | NPL<br>ratio | Substandard<br>and below<br>coverage<br>ratio |
|  Woori Bank | 0.32 | 0.27 | 179.87 | 0.23 | 0.19 | 247.44 | 0.18 | 0.17 | 320.84 |
|  Woori Card | 1.39 |  | 104.53 | 1.07 |  | 105.46 | 0.97 |  | 104.92 |
|  Woori Financial Capital | 2.39 |  | 96.59 | 1.91 |  | 134.18 | 2.37 |  | 113.21 |
|  Woori Investment Securities Note 2) | 8.28 |  | 68.76 | 7.29 |  | 84.37 | 0.55 |  | 578.29 |
|  Woori Asset Trust | 84.08 |  |  | 77.68 |  |  | 32.11 |  |  |
|  Woori Savings Bank Note 3) | 8.10 |  | 75.38 | 9.82 |  | 77.43 | 3.53 |  | 101.66 |

---

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

Note 2) 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 3) Based on K-GAAP

------

##### [**Table of Contents**](#toc)
**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) (unit: millions of Won)

---

| | | | |
|:---|:---|:---|:---|
| **Classification** | **2025 1H** | **2024** | **2023** |
|  **ASSETS** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and cash equivalents | 30008499 | 27281123 | 30556618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at fair value through profit or loss ("FVTPL") | 20919935 | 25202672 | 21544756 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at fair value through other comprehensive income | 39407940 | 43797745 | 37891495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities at amortized cost | 18762707 | 19203177 | 23996172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and other financial assets at amortized cost | 413452761 | 398471816 | 373148148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments in joint ventures and associates | 1776364 | 1748810 | 1795370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment properties | 425820 | 450788 | 472768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Premises and equipment | 3294863 | 3370585 | 3176759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intangible assets and goodwill | 1066480 | 1091402 | 996842 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Assets held for sale | 188764 | 73989 | 20345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net defined benefit asset | 2626 | 146109 | 240260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current tax assets | 43745 | 61613 | 203542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred tax assets | 53720 | 72937 | 93366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets (designated for hedging) | 121375 | 175191 | 26708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other assets | 4587177 | 4605363 | 3841787 |
|  **Total assets** | **534112776** | **525753320** | **498004936** |
|  **LIABILITIES** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial liabilities at FVTPL | 5088263 | 9896597 | 6138313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers | 369477799 | 366821156 | 357784297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings | 31418274 | 30117031 | 30986746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debentures | 49166841 | 48207103 | 41239245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provisions | 620545 | 611428 | 806031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net defined benefit liability | 25284 | 5424 | 6939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current tax liabilities | 604383 | 127126 | 103655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred tax liabilities | 550179 | 858822 | 470311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative liabilities (designated for hedging) | 75869 | 102815 | 153007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial liabilities | 40613948 | 32314051 | 26115005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other liabilities | 755873 | 796498 | 803897 |
|  **Total liabilities** | **498397258** | **489858051** | **464607446** |
|  **EQUITY** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Owners' equity: | 34175486 | 34096836 | 31666881 |

---

------

##### [**Table of Contents**](#toc)

---

| | | | |
|:---|:---|:---|:---|
| **Classification** | **2025 1H** | **2024** | **2023** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital stock | 3802676 | 3802676 | 3802676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hybrid securities | 3510947 | 3810435 | 3611129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital surplus | 934351 | 934100 | 935563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other equity | (1806515) | (1400885) | (1668957) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained earnings | 27734027 | 26950510 | 24986470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-controlling interests | 1540032 | 1798433 | 1730609 |
|  **Total equity** | **35715518** | **35895269** | **33397490** |
|  **Total liabilities and equity** | **534112776** | **525753320** | **498004936** |
|  Number of consolidated subsidiaries<br> (excluding holding company) | 183 | 188 | 179 |

---

**Summary Consolidated Statement of Comprehensive Income** 

---

| | |
|:---|:---|
| (The Company and its consolidated subsidiaries, for the periods indicated) | (unit: millions of Won, except per share amounts) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Classification** | **2025 1H** | **2024 1H** | **2024** | **2023** |
|  **Operating income** | **1977714** | **2404009** | **4255190** | **3499029** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net interest income | 4513808 | 4395099 | 8886336 | 8742540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net fees and commissions income | 1033752 | 1058166 | 2086170 | 1720481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | 142433 | 152738 | 310320 | 240293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net gain or loss on financial instruments at FVTPL | (122936) | 902118 | 1492783 | 488486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net gain or loss on financial assets at FVTOCI | 80823 | 38515 | 96620 | (37641) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net gain or loss arising on financial assets at amortized cost | 53151 | 165645 | 286885 | 203942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment losses due to credit loss | (943310) | (775492) | (1716295) | (1894916) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General and administrative expenses | (2479086) | (2100987) | (4468973) | (4443433) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other net operating expenses | (300921) | (1431793) | (2718656) | (1520723) |
|  **Non-operating income (expense)** | **73366** | **(13150)** | **(32343)** | **18424** |
|  **Net income before income tax expense** | **2051080** | **2390859** | **4222847** | **3517453** |
|  **Income tax expense** | **(456781)** | **(590439)** | **(1051378)** | **(890559)** |
|  **Net income** | **1594299** | **1800420** | **3171469** | **2626894** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income attributable to owners | 1552019 | 1755496 | 3085995 | 2506296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income attributable to the non-controlling interests | 42280 | 44924 | 85474 | 120598 |
|  **Other comprehensive income (loss), net of tax** | **(319744)** | **66598** | **382719** | **663537** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Items that will not be reclassified to profit or loss | (69441) | (136151) | (200341) | 122334 |

---

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##### [**Table of Contents**](#toc)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Classification** | **2025 1H** | **2024 1H** | **2024** | **2023** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Items that may be reclassified to profit or loss | (250303) | 202749 | 583060 | 541203 |
|  **Total comprehensive income** | **1274555** | **1867018** | **3554188** | **3290431** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comprehensive income attributable to the owners | 1244502 | 1819493 | 3454620 | 3164464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comprehensive income attributable to non-controlling interests | 30053 | 47525 | 99568 | 125967 |
|  **Net income per share:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic and diluted income per share (in Korean Won) | 2006 | 2262 | 3950 | 3230 |

---

**2.** **Condensed Financial Statements (Separate)** 

**Summary Statement of Financial Position** 

(The Company, as of the end of the periods indicated) (unit: millions of Won)

---

| | | | |
|:---|:---|:---|:---|
| **Classification** | **2025 1H** | **2024** | **2023** |
|  **ASSETS** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and cash equivalents | 1689577 | 1185912 | 289507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at fair value through other<br> comprehensive income | 563013 | 553518 | 539709 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and other financial assets at amortized cost | 903217 | 204431 | 1104815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments in subsidiaries | 24206017 | 24206017 | 23670476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Premises and equipment | 3898 | 5304 | 6609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intangible assets | 3317 | 3308 | 4052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net defined benefit asset |  | 1378 | 3941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current tax assets | 28833 | 33120 | 158951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred tax assets | 2055 | 4379 | 7478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other assets | 155622 | 155670 | 484 |
|  **Total assets** | **27555549** | **26353037** | **25786022** |
|  **LIABILITIES** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debentures | 2537302 | 2037567 | 1587659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provisions | 1869 | 1252 | 1227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net defined benefit liability | 967 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current tax liabilities | 568838 | 84701 | 32125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial liabilities | 83188 | 76382 | 163621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other liabilities | 356 | 404 | 392 |
|  **Total liabilities** | **3192520** | **2200306** | **1785024** |

---

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##### [**Table of Contents**](#toc)

---

| | | | |
|:---|:---|:---|:---|
| **Classification** | **2025 1H** | **2024** | **2023** |
|  **EQUITY** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital stock | 3802676 | 3802676 | 3802676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hybrid securities | 3510737 | 3810225 | 3610953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital surplus | 8120236 | 11120236 | 11120236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other equity | (144569) | (1189) | (7871) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained Earnings | 9073949 | 5420783 | 5475004 |
|  **Total equity** | **24363029** | **24152731** | **24000998** |
|  **Total liabilities and equity** | **27555549** | **26353037** | **25786022** |

---

**Summary Statement of Comprehensive Income** 

---

| | |
|:---|:---|
| (The Company, for the periods indicated) | (unit: millions of Won, except per share amounts) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Classification** | **2025 1H** | **2024 1H** | **2024** | **2023** |
|  **Operating income:** | **1368995** | **1158218** | **1123301** | **1424670** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net interest income (expense) | (13394) | 6181 | 2128 | 27495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income | 21628 | 28748 | 51778 | 64592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest expense | (35022) | (22567) | (49650) | (37097) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net fees and commissions loss | (12766) | (8848) | (20319) | (20097) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fees and commissions income | 876 | 813 | 1625 | 1625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fees and commissions expense | (13642) | (9661) | (21944) | (21722) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | 1435418 | 1195721 | 1208522 | 1482956 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net gain or loss on financial instruments at FVTPL |  |  |  | 2023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal of (Provisions for) impairment losses due to credit loss | (115) | (442) | 608 | (348) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General and administrative expenses | (40148) | (34394) | (67638) | (67359) |
|  **Non-operating income (expense)** | **13** | **(63)** | **(147)** | **(1043)** |
|  **Net income before income tax expense** | **1369008** | **1158155** | **1123154** | **1423627** |
|  **Income tax benefit (expense)** | **(212)** | **(658)** | **178** | **881** |
|  **Net income** | **1368796** | **1157497** | **1123332** | **1424508** |
|  **Other comprehensive income, net of tax** | **5887** | **3025** | **9138** | **18916** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Items that will not be reclassified to profit or loss | 5887 | 3025 | 9138 | 18916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net gain on valuation of equity securities at FVTOCI | 6988 | 4008 | 10164 | 19789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Remeasurement of the net defined benefit liability | (1101) | (983) | (1026) | (873) |
|  **Total comprehensive income** | **1374683** | **1160522** | **1132470** | **1443424** |
|  **Net income per share:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic and diluted income per share (in Korean Won) | 1749 | 1450 | 1296 | 1754 |

---

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##### [**Table of Contents**](#toc)
**3.** **Dividend Information** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Items** | **Items** | **2025 1H** | **2024** | **2023** |
|  Par value per share (Won) | Par value per share (Won) | 5000 | 5000 | 5000 |
|  Net profit (Millions of Won) | Net profit (Millions of Won) | 1552019 | 3085995 | 2506296 |
|  Earnings per share (Won) | Earnings per share (Won) | 2006 | 3950 | 3230 |
|  Total cash dividends (Millions of Won) | Total cash dividends (Millions of Won) | 294232 | 891045 | 747302 |
|  Total stock dividends (Millions of Won) | Total stock dividends (Millions of Won) |  |  |  |
|  Cash dividend payout ratio (%) | Cash dividend payout ratio (%) | 18.96 | 28.87 | 29.82 |
|  Cash dividend yield (%) | Common Shares | 1.6 | 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 | 400 | 1200 | 1000 |
|  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 first half of 2025 include quarterly dividends of KRW 147,428 million (KRW 200 per share) for the first quarter and KRW 146,804 million (KRW 200 per share) for the second quarter. The dividends for the second quarter of 2025 were determined through a board resolution on July 25, 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 first half 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.  |

---

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##### [**Table of Contents**](#toc)
**IV.** **Independent Auditor's Opinion** 

**1.** **Independent Auditor's Opinion** 

---

| | | | |
|:---|:---|:---|:---|
|  | **2025 1H** | **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** | **Contractual** | **Actual** | **Actual** |
| **Term** | **Auditor** | **Description** | **Fee** | **Time** | **Fee** | **Time** |
|  2025 1H | KPMG Samjong Accounting Corp. | 1Q/1H/3Q Review Closing audit (including internal accounting management system) | KRW 1,065 million | 10,009 hours | KRW 360 million | 3,904 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** 

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##### [**Table of Contents**](#toc)
**c.** **Current Status of Audit Service Agreements with the Independent Auditor Relating to U.S. Listing** 

---

| | | | |
|:---|:---|:---|:---|
| **Term** | **Auditor** | **Description** | **Fee** |
| 2025 1H | 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<br>Execution of<br>Agreement** | **Description of Service** | **Service Term** | **Fees** |
| 2025 1H | 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

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##### [**Table of Contents**](#toc)
**V.** **Corporate Governance** 

**1.** **About the Board of Directors** 

**a.** Composition of the Board of Directors

As of June 30, 2025, our board of directors consisted of eight directors in total, including seven independent directors and one standing director.

On March 26, 2025, at the annual general meeting of shareholders, five independent directors were appointed.

- New independent directors (4): Choon-Soo Kim, Young-Hoon Kim, Kang-Haeng Lee, Yeong-Seop Rhee / Reappointed independent director (1): In-Sub Yoon

On March 26, 2025, four (4) independent directors completed their terms: Chan-Hyoung Chung, Su-Young Yun, Yo-Hwan Shin, Sung-Bae Ji

The board of directors operates a total of seven standing committees: Audit Committee, Risk Management Committee, Compensation Committee, Officer Candidate Recommendation Committee, Ethics and Internal Control Committee, Subsidiary Representative Director Candidate Recommendation Committee, ESG Management Committee.

At the 4th Board Meeting held on March 26, 2025, the independent director In-Sub Yoon was appointed as the Chairman of the Board. Having served for more than three years since our establishment, he possesses a deep understanding of our organizational culture and management issues. Throughout his tenure as Chairman of the Risk Management Committee (March 25, 2022 – March 26, 2025), he has faithfully carried out his oversight duties over sound management.

As a former CEO with hands-on experience in the financial industry, he is expected to contribute significantly to our development by offering practical and well-balanced insights. In recognition of his expertise and leadership, he was reappointed as Chairman of the Board of Woori Financial Group with the unanimous consent of all board members. The Chairman of the Board does not concurrently hold the position of CEO.

**b.** Committees under the Board of Directors

We currently have the following committees serving under the board of directors:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Audit Committee

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Risk Management Committee

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Compensation Committee

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Officer Candidate Recommendation Committee

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Ethics and Internal Control Committee

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Subsidiary Representative Director Candidate Recommendation Committee

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) ESG Management Committee

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##### [**Table of Contents**](#toc)
(As of June 30, 2025)

---

| | | |
|:---|:---|:---|
| **Name of Committee** | **Composition** | **Names of Members** |
| Audit Committee | Four independent directors | (Chair) Yeong-Seop Rhee (independent director)<br>Choon-Soo Kim (independent director)<br>Young-Hoon Kim (independent director)<br>Kang-Haeng Lee (independent director) |
| Risk Management Committee | Four independent directors | (Chair) Sun-Young Park (independent director)<br>In-Sub Yoon (independent director)<br>Yeong-Seop Rhee (independent director)<br>Eun-Ju Lee (independent director) |
| Compensation Committee | Four independent directors | (Chair) Young-Hoon Kim (independent director)<br>In-Sub Yoon (independent director)<br>Choon-Soo Kim (independent director)<br>Kang-Haeng Lee (independent director) |
| Officer Candidate Recommendation Committee | Seven independent directors | (Chair) Kang-Haeng Lee (independent director)<br>In-Sub Yoon (independent director)<br>Choon-Soo Kim (independent director)<br>Young-Hoon Kim (independent director)<br>Yeong-Seop Rhee (independent director)<br>Eun-Ju Lee (independent director)<br>Sun-Young Park (independent director) |
| Ethics and Internal Control Committee | Five independent directors | (Chair) Choon-Soo Kim (independent director)<br>In-Sub Yoon (independent director)<br>Young-Hoon Kim (independent director)<br>Kang-Haeng Lee (independent director)<br>Yeong-Seop Rhee (independent director) |
| Subsidiary Representative Director Candidate Recommendation Committee | Seven independent directors<br> One standing director | (Chair) Jong-Yong Yim (standing director)<br>In-Sub Yoon (independent director)<br>Choon-Soo Kim (independent director)<br>Young-Hoon Kim (independent director)<br>Kang-Haeng Lee (independent director)<br>Yeong-Seop Rhee (independent director)<br>Eun-Ju Lee (independent director)<br>Sun-Young Park (independent director) |

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##### [**Table of Contents**](#toc)

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| | | |
|:---|:---|:---|
| **Name of Committee** | **Composition** | **Names of Members** |
|  ESG Management Committee | Seven independent directors<br> One standing director | (Chair) Eun-Ju Lee (independent director)<br>In-Sub Yoon (independent director)<br>Choon-Soo Kim (independent director)<br>Young-Hoon Kim (independent director)<br>Kang-Haeng Lee (independent director)<br>Yeong-Seop Rhee (independent director)<br>Sun-Young Park (independent director)<br>Jong-Yong Yim (standing director) |

---

**2.** **Shareholder's Meeting** 

**a.** Voting Rights

(unit: shares, as of June 30, 2025)

---

| | | | |
|:---|:---|:---|:---|
| **Items** | **Items** | **Number of shares** | **Notes** |
|  Number of issued shares | Common Shares | 742591501 |  |
|  Number of issued shares | Preferred Shares |  |  |
|  Number of shares without voting rights | Common Shares | 11591359 | Note<br>1) |
|  Number of shares without voting rights | Preferred Shares |  |  |
|  Number of shares for which voting rights are excluded pursuant to the articles of incorporation | Common Shares |  |  |
|  Number of shares for which voting rights are excluded pursuant to the articles of incorporation | Preferred Shares |  |  |
|  Number of shares for which voting rights<br> are limited by law | Common Shares |  |  |
|  Number of shares for which voting rights<br> are limited by law | Preferred Shares |  |  |
|  Number of shares for which voting rights<br> have been restored | Common Shares |  |  |
|  Number of shares for which voting rights<br> have been restored | Preferred Shares |  |  |
|  Number of shares for which voting rights<br> may be exercised | Common Shares | 731000142 |  |
|  Number of shares for which voting rights<br> may be exercised | Preferred Shares |  |  |

---

Note 1) Treasury shares acquired from the issuance of fractional shares and a buyback program via a trust agreement (Feb. 7, 2025) and shares in mutual ownership (pursuant to Article 369 of the Commercial Code)

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##### [**Table of Contents**](#toc)
**b.** Summary of the Shareholder's Meeting Minutes

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| | | |
|:---|:---|:---|
|  | **Agenda** | **Result** |
| Annual General Meeting of Shareholders for FY2022<br> (March 24, 2023) | 1. Approval of separate financial statements (including statements of appropriations of retained earnings) and consolidated financial statements for the fiscal year 2022 (Jan. 1, 2022 – Dec. 31, 2022)<br>| Approved as submitted |
| Annual General Meeting of Shareholders for FY2022<br> (March 24, 2023) | 2. Approval of amendments to the Articles of Incorporation<br>| Approved as submitted |
| Annual General Meeting of Shareholders for FY2022<br> (March 24, 2023) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3. Election of directors (2 independent directors, 1 standing director)<br>- 3-1 Candidate for independent director : Chan-Hyoung Chung<br>- 3-2 Candidate for independent director : Su-Young Yun<br>- 3-3 Candidate for standing director : Jong-Yong Yim | Approved as submitted |
| Annual General Meeting of Shareholders for FY2022<br> (March 24, 2023) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4. Election of independent director who will serve as an Audit Committee Member<br>- Candidate for independent director who will serve as an Audit Committee Member : Sung-Bae Ji<br>| Approved as submitted |
| Annual General Meeting of Shareholders for FY2022<br> (March 24, 2023) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5. Election of Audit Committee Members who are independent directors<br>- 5-1 Candidate for Audit Committee Member who is an Independent director : Chan-Hyoung Chung<br>- 5-2 Candidate for Audit Committee Member who is an Independent director : Su-Young Yun<br>- 5-3 Candidate for Audit Committee Member who is an Independent director : Yo-Hwan Shin<br>| Approved as submitted |
| Annual General Meeting of Shareholders for FY2022<br> (March 24, 2023) | 6. Approval of maximum limit on directors' compensation<br>| Approved as submitted |
| Annual General Meeting of Shareholders for FY2023<br> (March 22, 2024) | 1. Approval of separate financial statements (including statements of appropriations of retained earnings) and consolidated financial statements for the fiscal year 2023 (Jan. 1, 2023 – Dec. 31, 2023)<br>| Approved as submitted |
| Annual General Meeting of Shareholders for FY2023<br> (March 22, 2024) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2. Election of directors (5 independent directors)<br>- 2-1 Candidate for independent director : Chan-Hyoung Chung<br>- 2-2 Candidate for independent director : In-Sub Yoon<br>- 2-3 Candidate for independent director : Yo-Hwan Shin<br>- 2-4 Candidate for independent director : Eun-Ju Lee<br>- 2-5 Candidate for independent director : Sunyoung Park<br>| Approved as submitted |
| Annual General Meeting of Shareholders for FY2023<br> (March 22, 2024) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3. Election of Audit Committee members who are independent directors (2 independent directors)<br>- 3-1 Candidate for Audit Committee member who is an independent director : Chan-Hyoung Chung<br>- 3-2 Candidate for Audit Committee member who is an independent director : Yo-Hwan Shin<br>| Approved as submitted |
| Annual General Meeting of Shareholders for FY2023<br> (March 22, 2024) | 4. Approval of the maximum limit on directors' compensation | Approved as submitted |

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##### [**Table of Contents**](#toc)

---

| | | |
|:---|:---|:---|
| Annual General Meeting of Shareholders for FY2024<br> (March 26, 2025) | 1. Approval of separate financial statements (including statements of appropriations of retained earnings) and consolidated financial statements for fiscal year 2024 (Jan. 1, 2024 – Dec. 31, 2025)<br>| Approved as submitted |
| Annual General Meeting of Shareholders for FY2024<br> (March 26, 2025) | 2. Approval of amendments to the Articles of Incorporation<br>| Approved as submitted |
| Annual General Meeting of Shareholders for FY2024<br> (March 26, 2025) | 3. Approval of reductions to the capital reserve<br>| Approved as submitted |
| Annual General Meeting of Shareholders for FY2024<br> (March 26, 2025) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4. Election of directors (4 independent directors)<br>- 4-1 Candidate for independent director : Choon-Soo Kim<br>- 4-2 Candidate for independent director : Young-Hoon Kim<br>- 4-3 Candidate for independent director : Kang-Haeng Lee<br>- 4-4 Candidate for independent director : In-Sub Yoon<br>| Approved as submitted |
| Annual General Meeting of Shareholders for FY2024<br> (March 26, 2025) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5. Election of independent director who will serve as an audit committee member<br>- Candidate for independent director who will serve as an audit committee member : Yeong-Seop Rhee<br>| Approved as submitted |
| Annual General Meeting of Shareholders for FY2024<br> (March 26, 2025) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6. Election of audit committee members who are independent directors (3 independent directors)<br>- 6-1 Candidate for audit committee member who is an independent director : Choon-Soo Kim<br>- 6-2 Candidate for audit committee member who is an independent director : Young-Hoon Kim<br>- 6-3 Candidate for audit committee member who is an independent director : Kang-Haeng Lee<br>| Approved as submitted |
| Annual General Meeting of Shareholders for FY2024<br> (March 26, 2025) | 7. Approval of the maximum limit on directors' compensation | Approved as submitted |

---

**VI.** **Shareholder Information** 

**1.** **Share Distribution** 

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

---

| | |
|:---|:---|
| As of June 30, 2025 | (units: shares, %) |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name** | **Relation** | **Type** | **Shares Held** | **Shares Held** | **Shares Held** | **Shares Held** | **Notes** |
| **Name** | **Relation** | **Type** | **Beginning balance** | **Beginning balance** | **Ending balance** | **Ending balance** | **Notes** |
| **Name** | **Relation** | **Type** | **Number** | **Share** | **Number** | **Share** | **Notes** |
|  Employee Stock Ownership Association of Woori Financial Group | The largest shareholder | Common | 44474301 | 5.99 | 43161084 | 5.81 |  |
|  Employee Stock Ownership Association of Woori Bank | Specially related party of the largest shareholder | Common | 19106955 | 2.57 | 16269022 | 2.19 |  |
|  Total |  | Common | 63581256 | 8.56 | 59430106 | 8.00 |  |
|  |  | Others |  |  |  |  |  |

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##### [**Table of Contents**](#toc)
**b.** **Changes in the largest shareholder** 

---

| | |
|:---|:---|
| As of June 30, 2025 | (units: shares, %) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Change of Date** | **Largest Shareholder** | **Number<br>Held** | **Share** | **Notes** |
|  December 9, 2021 | Employee Stock Ownership Association of Woori Financial Group and 1 other | 71346178 | 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%** 

---

| | |
|:---|:---|
| As of June 30, 2025 | (units: shares, %) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Name** | **Shares** | **Shares** | **Notes** |
| | **Name** | **No. of shares** | **Percentage of<br>shareholding** | **Notes** |
|  Share ownership of more than 5% | National Pension Service | 48740895 | 6.56 |  |
|  Share ownership of more than 5% | Blackrock Fund Advisors | 45100755 | 6.07 | Note 1) |
|  Employee Stock Ownership Association | Employee Stock Ownership Association | 59430106 | 8.00 | The largest shareholder<br>Note 2) |

---

Note 1) Based on the report on the status of large-scale stock holdings dated June 10, 2024

---

| | |
|:---|:---|
| Note 2) | Total shares of the employee stock ownership association of Woori Financial Group and Woori Bank  |

---

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##### [**Table of Contents**](#toc)
**2.** **Stock Price and Stock Market Performance** 

**a.** **Domestic Stock Market** 

(units: Won, shares)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Period** | **Period** | **January**<br>**2025** | **February**<br>**2025** | **March**<br>**2025** | **April**<br>**2025** | **May**<br>**2025** | **June**<br>**2025** |
|  Common Shares | High | 16100 | 17420 | 16930 | 17710 | 19270 | 22550 |
|  | Low | 15260 | 15390 | 15970 | 15370 | 17620 | 18890 |
|  | Average | 15549 | 16679 | 16420 | 16579 | 18103 | 21068 |
|  Monthly Trade Volume | High | 2647462 | 6554417 | 2703757 | 2783375 | 6892555 | 6099578 |
|  | Low | 894957 | 1210976 | 797302 | 924766 | 766082 | 1930722 |
|  | Monthly Total | 27587321 | 48069347 | 32659261 | 38691297 | 35843364 | 62087483 |

---

Note 1) Source: KRX KOSPI Market

Note 2) Share prices are based on closing prices.

**b.** **Foreign Stock Market (NYSE)** 

(units: US Dollars, Won, ADSs)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Period** | **Period** | **January**<br>**2025** | **February**<br>**2025** | **March**<br>**2025** | **April**<br>**2025** | **May**<br>**2025** | **June**<br>**2025** |
|  ADS | High | 33.00 | 35.80 | 34.44 | 37.07 | 42.16 | 49.73 |
|  | Low | 31.09 | 31.95 | 32.44 | 30.46 | 36.91 | 41.25 |
|  | Average | 32.19 | 34.42 | 33.60 | 34.36 | 38.91 | 45.68 |
|  Won Conversion | High | 47332 | 51692 | 50520 | 53325 | 57953 | 67454 |
|  | Low | 45702 | 46423 | 46918 | 44651 | 53095 | 56748 |
|  | Average | 46863 | 49754 | 48954 | 49626 | 54264 | 62443 |
|  Monthly Trade Volume | High | 113902 | 96257 | 110931 | 162916 | 143078 | 207857 |
|  | Low | 29651 | 16407 | 17753 | 43656 | 22784 | 22622 |
|  | Monthly Total | 1244324 | 1129672 | 1162245 | 1744900 | 1052855 | 1245715 |

---

Note 1) Source of Exchange Rate : Seoul Money Brokerage(www.smbs.biz), Won Conversion is based on standard trading rate (daily and monthly average)

Note 2) One ADS represents three common shares.

Note 3) Share prices are based on closing prices.

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##### [**Table of Contents**](#toc)
**VII.** **Directors and Employee Information** 

**1.** **Directors and Executives** 

As of June 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Position** | **Position** | **Name** | **Common<br>Shares<br>Owned** | **Term**<br>**Commencement Date** | **Expiration of Term** |
|  Chief Executive Officer | Registered | Jong-Yong Yim | 10000 | March 24, 2023 | Note 1) |
|  Independent Director | Registered | In-Sub Yoon |  | January 27, 2022 | Note 1) |
|  Independent Director | Registered | Choon-Soo Kim | 2800 | March 26, 2025 | Note 2) |
|  Independent Director | Registered | Young-Hoon Kim |  | March 26, 2025 | Note 2) |
|  Independent Director | Registered | Kang-Haeng Lee | 7000 | 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 | 16000 | February 25, 2022 | December 31, 2025 |
|  Deputy President | Non-Registered | Il-Jin Ouk | 4000 | December 8, 2023 | November 30, 2025 |
|  Deputy President | Non-Registered | Jang-Keun Park | 2850 | December 8, 2023 | March 6, 2027 |
|  Deputy President | Non-Registered | Jeong-Soo Lee | 6890 | December 8, 2023 | December 31, 2025 |
|  Deputy President | Non-Registered | Chan-Ho Jeong | 7492 | December 8, 2023 | November 30, 2025 |
|  Deputy President | Non-Registered | Kyu-Hwang Jeong | 11741 | December 8, 2023 | July 4, 2026 |
|  Deputy President | Non-Registered | Hyeon-Gi Jeon | 4789 | 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 | 5250 | December 16, 2024 | December 31, 2026 |

---

Note 1) The terms of standing director Jong-Yong Yim and 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 independent directors Choon-Soo Kim, Young-Hoon Kim, Kang-Haeng Lee, and 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).

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##### [**Table of Contents**](#toc)
**2.** **Employee Status** 

As of June 30, 2025 (units: persons, millions of Won)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Number of Employees** | **Number of Employees** | **Number of Employees** | **Number of Employees** | **Number of Employees** | **Average**<br>**Tenure** | **Total<br>Compensation** | **Average<br>Compensation**<br>**Per Person** | **Note** |
| | Regular | Regular | Contract | Contract | Total | **Average**<br>**Tenure** | **Total<br>Compensation** | **Average<br>Compensation**<br>**Per Person** | **Note** |
| | Total | (Short time<br>worker) | Total | (Short time<br>worker) | Total | **Average**<br>**Tenure** | **Total<br>Compensation** | **Average<br>Compensation**<br>**Per Person** | **Note** |
|  **Total** | 68 |  | 37 | (1) | 105 | 3 years 4 months<br> (14 years 3 months)  | 10996 | 105 |  |

---

Note 1) Average tenure: term in () includes tenure at affiliated companies

Note 2) Contract employees include non-registered executives

**3.** **Directors' Compensation** 

(units: persons, millions of Won)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Items** | **Number of<br>Persons** | **Total<br>Compensation** | **Average<br>Compensation**<br>**Per Director** | **Note** |
|  Registered Directors<br> (excludes independent directors and audit committee members) | 1 | 761 | 761 |  |
|  Independent Directors<br> (excludes audit committee members) | 3 | 127 | 42 |  |
|  Audit Committee Members | 4 | 154 | 38 |  |
|  Auditor |  |  |  |  |

---

Note 1) Number of Persons is as of June 30, 2025

---

| | |
|:---|:---|
| Note 2) | Total Compensation is the amount paid from January to June 2025  |

---

---

| | |
|:---|:---|
| Note 3) | Average compensation per director was calculated by dividing the total compensation by the average number of persons  |

---

Note 4) Registered directors and audit committee members include uncompensated directors

---

| | |
|:---|:---|
| Note 5) | Only the compensation amount paid by Woori Financial Group is included for the executives concurrently employed by Woori Bank  |

---

**4.** **Stock-based Compensation** 

The Company operates a performance-based stock-linked compensation system, pursuant to the standards established by the shareholders at the shareholders' meeting and the Compensation Committee. The Company initially determines, for each recipient, the maximum share amounts that can be granted under the system, and then determines the final share amounts based on an evaluation of the long-term performance indices over four years (including the current year). The compensation is then paid in cash, based on the final share amount and the share price at the time the compensation is paid. The long-term performance indices include relative shareholder return, common equity ratio, return on equity, profit for the period, cost-to-income ratio, non-performing loan ratio and individual performance evaluations. For further information, please refer to the notes to the financial statements.

------

##### [**Table of Contents**](#toc)
(Unit: shares, except number of recipients)

---

| | | | |
|:---|:---|:---|:---|
| **Items** | **2025 1H** | **2024** | **2023** |
|  Number of Recipients | 9 | 13 | 21 |
|  Maximum Amount of Shares | 85734 | 194569 | 160929 |
|  Shares Paid during the Period | 161799 | 164164 | 68746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Adjustments) | (21970) | (19554) | (8982) |
|  Cumulative Shares Paid | 394709 | 232910 | 68746 |
|  Unpaid Shares | 725989 | 824024 | 813173 |

---

---

| | |
|:---|:---|
| Note) | Number of Recipients: Includes employees who had retired or resigned by the end of the grant year. The total number also accounts for all personnel involved before and after changes such as internal transfers during the grant year  |

---

**VIII.** **Internal Controls** 

**1.** **Management's Assessment of the Effectiveness of the Internal Accounting Management System** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Term** | **Date of Report** | **Assessment** | **Material<br>Deficiencies** | **Corrective<br>Action<br>Plans** |
|  2025 1H |  |  |  |  |
| 2024 | To Board: February 28, 2025<br>To Shareholder Meeting: March 26, 2025 | In terms of overall materiality, the internal accounting management system is under effective design and operation. |  |  |
| 2023 | To Board: February 29, 2024<br>To Shareholder Meeting: March 22, 2024 | In terms of overall materiality, the internal accounting management system is under effective design and operation. |  |  |

---

Note) The evaluation results are as of the end of each fiscal year, pursuant to Article 8, Paragraph 4 of the Act on External Audit of Stock Companies.

**2.** **Audit Committee's Assessment of the Effectiveness of the Internal Accounting Management System** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Term** | **Date of Report** | **Assessment** | **Material<br>Deficiencies** | **Corrective<br>Action<br>Plans** |
|  2025 1H |  |  |  |  |
| 2024 | February 28, 2025 | In terms of overall materiality, the internal accounting management system is under effective design and operation. |  |  |
| 2023 | February 29, 2024 | In terms of overall materiality, the internal accounting management system is under effective design and operation. |  |  |

---

Note) The evaluation results are as of the end of each fiscal year, pursuant to Article 8, Paragraph 5 of the Act on External Audit of Stock Companies.

------

##### [**Table of Contents**](#toc)
**3.** **External Auditor's Audit Opinion (Review Report) on the Effectiveness of the Internal Accounting Management System** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Term** | **Auditor** | **Audit or Review** | **Opinion Type** | **Issues** | **Company's<br>Response<br>Actions** |
|  2025 1H |  |  |  |  |  |
|  2024 | KPMG Samjong Accounting Corp. | Audit | Unqualified |  |  |
|  2023 | KPMG Samjong Accounting Corp. | Audit | Unqualified |  |  |

---

Note) An overall opinion on the audit results as of the end of each fiscal year is included in the audit report, pursuant to Article 8, Paragraphs 6 and 7 of the Act on External Audit of Stock Companies.

------

##### [**Table of Contents**](#toc)
**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.

---

| | | |
|:---|:---|:---|
|  | <u>Woori Financial Group Inc.</u> | <u>Woori Financial Group Inc.</u> |
|  | (Registrant) | (Registrant) |
| Date: August 14, 2025 | By: | /s/ Sung-Wook Lee |
|  | (Signature) | (Signature) |
|  | Name: | Sung-Wook Lee |
|  | Title: | Deputy President |

---

## Exhibit 99.1

**Exhibit 99.1** 

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF AND FOR THE THREE-MONTH AND SIX-MONTH PERIODS ENDED JUNE 30, 2025 AND 2024

------

**WOORI FINANCIAL GROUP INC.** 

---

| | |
|:---|:---|
|  | **Page(s)** |
|  [**Independent Auditors' Review Report**](#ex99_161432_1) | 1-2 |
|  **[Consolidated Interim Financial Statements](#ex99_161432_2)** |  |
|  [Consolidated Interim Statements of Financial Position](#ex99_161432_3) | 4 |
|  [Consolidated Interim Statements of Comprehensive Income](#ex99_161432_4) | 5-6 |
|  [Consolidated Interim Statements of Changes in Equity](#ex99_161432_5) | 7 |
|  [Consolidated Interim Statements of Cash Flows](#ex99_161432_6) | 8-9 |
|  [**Notes to the Consolidated Interim Financial Statements**](#ex99_161432_7) | 10-122 |

---

------

**<u>Independent Auditors' Review Report</u>**

Based on a report originally issued in Korean

**To the Board of Directors and Shareholders of Woori Financial Group Inc.** 

**Reviewed Financial Statements** 

We have reviewed the accompanying condensed consolidated interim financial statements of Woori Financial Group Inc. and its subsidiaries (collectively the "Group"), which comprise the condensed consolidated interim statement of financial position as of June 30, 2025, the condensed consolidated interim statements of comprehensive income for the three-month and six-month periods ended June 30, 2025, and 2024, the condensed consolidated interim statements of changes in equity and cash flows for the six-month periods ended June 30, 2025, and 2024 and notes, comprising of material accounting policy information and other explanatory information.

**Management's Responsibility** 

Management is responsible for the preparation and fair presentation of these condensed consolidated interim financial statements in accordance with Korean International Financial Reporting Standards ("K-IFRS") No.1034 *Interim Financial Reporting*, and for such internal control as management determines is necessary to enable the preparation of the condensed consolidated interim financial statements that are free from material misstatement, whether due to fraud or error.

**Auditors' Review Responsibility** 

Our responsibility is to issue a report on these condensed consolidated interim financial statements based on our reviews.

We conducted our reviews in accordance with the Review Standards for Quarterly and Semiannual Financial Statements established by the Securities and Futures Commission of the Republic of Korea. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Korean Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

**Conclusion** 

Based on our reviews, nothing has come to our attention that causes us to believe that the accompanying condensed consolidated interim financial statements referred to above do not present fairly, in all material respects, in accordance with K-IFRS No.1034 *Interim Financial Reporting.*

------

**Other Matters** 

The consolidated statement of financial position of the Group as of December 31, 2024, and the related consolidated statements of comprehensive income, changes in equity and cash flows for the year then ended, which are not accompanying this report, were audited by us in accordance with Korean Standards on Auditing and our report thereon, dated March 5, 2025, expressed an unqualified opinion. The accompanying consolidated statement of financial position of the Group as of December 31, 2024, presented for comparative purposes, is not different from that audited by us from which it was derived in all material respects.

The procedures and practices utilized in the Republic of Korea to review such condensed consolidated interim financial statements may differ from those generally accepted and applied in other countries.

/s/ KPMG Samjong Accounting Corp.

Seoul, Korea

August 14, 2025

This report is effective as of August 14, 2025, the review report date. Certain subsequent events or circumstances, which may occur between the review report date and the time of reading this report, could have a material impact on the accompanying condensed consolidated interim financial statements and notes thereto. Accordingly, the readers of the review report should understand that the above review report has not been updated to reflect the impact of such subsequent events or circumstances, if any.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF AND FOR THE THREE-MONTH AND SIX-MONTH PERIODS ENDED JUNE 30, 2025 AND 2024

The accompanying consolidated interim financial statements including

all footnote disclosures were prepared by, and are the responsibility of, the management of Woori Financial Group Inc.

**Jong Yong Yim** 

**President and Chief Executive Officer** 

Main Office Address: (Address) 51, Sogong-ro, Jung-gu, Seoul

(Phone Number) 02-2125-2000

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION** 

**AS OF JUNE 30, 2025 (UNAUDITED) AND DECEMBER 31, 2024** 

---

| | | |
|:---|:---|:---|
|  | **June 30,**<br>**2025** | **December 31,**<br>**2024** |
|  | **(Korean Won in millions)** | **(Korean Won in millions)** |
|  **ASSETS** |  |  |
|  Cash and cash equivalents (Notes 4 and 6) | 30008499 | 27281123 |
|  Financial assets at fair value through profit or loss ("FVTPL") (Notes 4, 7, 11, and 20) | 20919935 | 25202672 |
|  Financial assets at fair value through other comprehensive income ("FVTOCI") (Notes 4, 8, and 11) | 39407940 | 43797745 |
|  Securities at amortized cost (Notes 4, 9, and 11) | 18762707 | 19203177 |
|  Loans and other financial assets at amortized cost (Notes 4, 10, 11, and 34) | 413452761 | 398471816 |
|  Investments in joint ventures and associates (Note 12) | 1776364 | 1748810 |
|  Investment properties | 425820 | 450788 |
|  Premises and equipment | 3294863 | 3370585 |
|  Intangible assets | 1066480 | 1091402 |
|  Assets held for sale | 188764 | 73989 |
|  Net defined benefit asset (Note 18) | 2626 | 146109 |
|  Current tax assets | 43745 | 61613 |
|  Deferred tax assets | 53720 | 72937 |
|  Derivative assets (Designated for hedging) (Notes 4, 11 and 20) | 121375 | 175191 |
|  Other assets (Notes 13 and 34) | 4587177 | 4605363 |
|  Total assets | 534112776 | 525753320 |
|  **LIABILITIES** |  |  |
|  Financial liabilities at fair value through profit or loss ("FVTPL") (Notes 4, 11, 14 and 20) | 5088263 | 9896597 |
|  Deposits due to customers (Notes 4, 11, 15 and 34) | 369477799 | 366821156 |
|  Borrowings (Notes 4, 11 and 16) | 31418274 | 30117031 |
|  Debentures (Notes 4, 11 and 16) | 49166841 | 48207103 |
|  Provisions (Notes 17, 33 and 34) | 620545 | 611428 |
|  Net defined benefit liability (Note 18) | 25284 | 5424 |
|  Current tax liabilities | 604383 | 127126 |
|  Deferred tax liabilities | 550179 | 858822 |
|  Derivative liabilities (Designated for hedging) (Notes 4, 11 and 20) | 75869 | 102815 |
|  Other financial liabilities (Notes 4, 11, 19 and 34) | 40613948 | 32314051 |
|  Other liabilities (Notes 19 and 34) | 755873 | 796498 |
|  Total liabilities | 498397258 | 489858051 |
|  **EQUITY** |  |  |
|  Owners' equity (Note 21) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital stock | 3802676 | 3802676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hybrid securities | 3510947 | 3810435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital surplus | 934351 | 934100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other equity | (1806515) | (1400885) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained earnings | 27734027 | 26950510 |
|  | 34175486 | 34096836 |
|  Non-controlling interests | 1540032 | 1798433 |
|  Total equity | 35715518 | 35895269 |
|  Total liabilities and equity | 534112776 | 525753320 |

---

The accompanying notes are part of these condensed consolidated interim financial statements.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**CONSOLIDATED INTERIM STATEMENTS OF COMPREHENSIVE INCOME** 

**FOR THE THREE-MONTH AND SIX-MONTH PERIODS ENDED JUNE 30, 2025 AND 2024** 

**(UNAUDITED)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Periods ended June 30, 2025** | **Periods ended June 30, 2025** | **Periods ended June 30, 2024** | **Periods ended June 30, 2024** |
|  | **Three-month** | **Six-month** | **Three-month** | **Six-month** |
|  | **(Korean Won in millions, except for earnings per share data)** | **(Korean Won in millions, except for earnings per share data)** | **(Korean Won in millions, except for earnings per share data)** | **(Korean Won in millions, except for earnings per share data)** |
|  Interest income | 5114607 | 10419776 | 5418375 | 10887876 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTPL | 64600 | 120559 | 57213 | 114866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTOCI | 324231 | 675627 | 322136 | 626636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at amortized cost | 4725776 | 9623590 | 5039026 | 10146374 |
|  Interest expense | (2852790) | (5905968) | (3221479) | (6492777) |
|  **Net interest income** (Notes 23 and 34) | **2261817** | **4513808** | **2196896** | **4395099** |
|  Fees and commissions income | 732233 | 1441204 | 743509 | 1433183 |
|  Fees and commissions expense | (209915) | (407452) | (188274) | (375017) |
|  **Net fees and commissions loss** (Notes 24 and 34) | **522318** | **1033752** | **555235** | **1058166** |
|  Dividend income (Notes 25 and 34) | 72609 | 142433 | 85956 | 152738 |
|  Net gain (loss) on financial instruments at FVTPL (Note 26) | (325304) | (122936) | 386511 | 902118 |
|  Net gain on financial assets at FVTOCI (Note 27) | 47566 | 80823 | 18039 | 38515 |
|  Net gain arising on financial assets at amortized cost | 33346 | 53151 | 119526 | 165645 |
|  Impairment losses due to credit loss (Notes 28 and 34) | (507809) | (943310) | (408980) | (775492) |
|  General and administrative expense (Notes 29 and 34) | (1172914) | (2479086) | (1069320) | (2100987) |
|  Other net operating income and expense (Notes 20, 29 and 34) | 176822 | (300921) | (630543) | (1431793) |
|  **Operating income (Note 5)** | **1108451** | **1977714** | **1253320** | **2404009** |
|  Share of gain of joint ventures and associates (Note 12) | 61653 | 71688 | 34122 | 39631 |
|  Other non-operating income and expense | 16381 | 1678 | (40540) | (52781) |
|  **Non-operating income (expense)** (Note 30) | **78034** | **73366** | **(6418)** | **(13150)** |
|  **Net income before income tax expense** | **1186485** | **2051080** | **1246902** | **2390859** |
|  Income tax expense (Note 31) | (246742) | (456781) | (285393) | (590439) |
|  **Net income** | **939743** | **1594299** | **961509** | **1800420** |

---

(Continued)

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**CONSOLIDATED INTERIM STATEMENTS OF COMPREHENSIVE INCOME** 

**FOR THE THREE-MONTH AND SIX-MONTH PERIODS ENDED JUNE 30, 2025 AND 2024** 

**(UNAUDITED)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Periods ended June 30, 2025** | **Periods ended June 30, 2025** | **Periods ended June 30, 2024** | **Periods ended June 30, 2024** |
|  | **Three-month** | **Six-month** | **Three-month** | **Six-month** |
|  | **(Korean Won in millions, except for earnings per share data)** | **(Korean Won in millions, except for earnings per share data)** | **(Korean Won in millions, except for earnings per share data)** | **(Korean Won in millions, except for earnings per share data)** |
|  Net gain (loss) on valuation of equity securities at FVTOCI | (7234) | 21753 | (30182) | (85934) |
|  Net gain (loss) on credit risk fluctuation of financial liabilities designated to be measured at FVTPL | (8) | 18 | 391 | 837 |
|  Changes in capital due to equity method | (251) | (1361) | (129) | (1562) |
|  Remeasurement gain (loss) related to defined benefit plan | 24931 | (89851) | (30991) | (49492) |
|  **Items that will not be reclassified to profit or loss:** | **17438** | **(69441)** | **(60911)** | **(136151)** |
|  Net gain on valuation of debt securities at FVTOCI | 17202 | 66844 | 64962 | 45769 |
|  Changes in capital due to equity method | (2149) | (663) | 875 | (4955) |
|  Net gain (loss) on foreign currency translation of foreign operations | (388415) | (388840) | 91896 | 219154 |
|  Net gain (loss) on valuation of hedges of net investments in foreign operations | 70009 | 72235 | (26961) | (63449) |
|  Net gain (loss) on valuation of cash flow hedge | (1606) | 121 | 549 | 6230 |
|  **Items that may be reclassified to profit or loss:** | **(304959)** | **(250303)** | **131321** | **202749** |
|  **Other comprehensive income (loss), net of tax** | **(287521)** | **(319744)** | **70410** | **66598** |
|  **Total comprehensive income** | **652222** | **1274555** | **1031919** | **1867018** |
|  **Net income attributable to:** | **939743** | **1594299** | **961509** | **1800420** |
|  Net income attributable to owners | 935328 | 1552019 | 931495 | 1755496 |
|  Net income attributable to non-controlling interests | 4415 | 42280 | 30014 | 44924 |
|  **Total comprehensive income attributable to:** | **652222** | **1274555** | **1031919** | **1867018** |
|  Comprehensive income attributable to owners | 656432 | 1244502 | 1002724 | 1819493 |
|  Comprehensive income attributable to non-controlling interests | (4210) | 30053 | 29195 | 47525 |
|  **Earnings per share** (Note 32) |  |  |  |  |
|  Basic and diluted earnings per share<br>(Unit: In Korean Won) | 1225 | 2006 | 1206 | 2262 |

---

The accompanying notes are part of these condensed consolidated interim financial statements.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN EQUITY** 

**FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Capital**<br>**Stock** | **Hybrid<br>securities** | **Capital**<br>**surplus** | **Other**<br>**equity** | **Retained<br>earnings** | **Owners'<br>equity in<br>total** | **Non-<br>controlling<br>interests** | **Total**<br>**equity** |
|  | **(Korean Won in millions)** | **(Korean Won in millions)** | **(Korean Won in millions)** | **(Korean Won in millions)** | **(Korean Won in millions)** | **(Korean Won in millions)** | **(Korean Won in millions)** | **(Korean Won in millions)** |
|  **January 1, 2024** | 3802676 | 3611129 | 935563 | (1668957) | 24986470 | 31666881 | 1730609 | 33397490 |
|  Total comprehensive income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income |  |  |  |  | 1755496 | 1755496 | 44924 | 1800420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net loss on valuation of financial instruments at FVTOCI |  |  |  | (40051) |  | (40051) | (114) | (40165) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net gain (loss) due to disposal of equity securities at FVTOCI |  |  |  | 436 | (436) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net gain on credit risk fluctuation of financial liabilities designated to be measured at FVTPL |  |  |  | 837 |  | 837 |  | 837 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes in capital due to equity method |  |  |  | (6517) |  | (6517) |  | (6517) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on foreign currency translation of foreign operations |  |  |  | 216431 |  | 216431 | 2723 | 219154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on valuation of hedges of net investments in foreign operations |  |  |  | (63449) |  | (63449) |  | (63449) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on valuation of cash flow hedge |  |  |  | 6230 |  | 6230 |  | 6230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Remeasurement loss related to defined benefit plan |  |  |  | (49484) |  | (49484) | (8) | (49492) |
|  Transactions with owners |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends to common stocks |  |  |  |  | (612107) | (612107) | (3468) | (615575) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes in treasury stocks |  |  | 993 | 3832 | (136688) | (131863) |  | (131863) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuance of hybrid securities |  | 797913 |  |  |  | 797913 |  | 797913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends to hybrid securities |  |  |  |  | (75007) | (75007) | (38294) | (113301) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes in subsidiaries' capital |  |  | 12256 | 1695 | (1695) | 12256 | (12488) | (232) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others |  |  | (10986) |  | (11) | (10997) | (42839) | (53836) |
|  **June 30, 2024 (Unaudited)** | 3802676 | 4409042 | 937826 | (1598997) | 25916022 | 33466569 | 1681045 | 35147614 |
|  **January 1, 2025** | 3802676 | 3810435 | 934100 | (1400885) | 26950510 | 34096836 | 1798433 | 35895269 |
|  Total comprehensive income |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income |  |  |  |  | 1552019 | 1552019 | 42280 | 1594299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net gain on valuation of financial instruments at FVTOCI |  |  |  | 88271 |  | 88271 | 326 | 88597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net gain (loss) due to disposal of equity securities at FVTOCI |  |  |  | 1827 | (1827) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net gain on credit risk fluctuation of financial liabilities designated to be measured at FVTPL |  |  |  | 18 |  | 18 |  | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes in capital due to equity method |  |  |  | (2024) |  | (2024) |  | (2024) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on foreign currency translation of foreign operations |  |  |  | (376284) |  | (376284) | (12556) | (388840) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on valuation of hedges of net investments in foreign operations |  |  |  | 72235 |  | 72235 |  | 72235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on valuation of cash flow hedge |  |  |  | 121 |  | 121 |  | 121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Remeasurement gain (loss) related to defined benefit plan |  |  |  | (89854) |  | (89854) | 3 | (89851) |
|  Transactions with owners |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends to common stocks |  |  |  |  | (634898) | (634898) | (999) | (635897) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes in treasury stocks |  |  | 1 | (150000) |  | (149999) |  | (149999) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuance of hybrid securities |  | 398789 |  |  |  | 398789 |  | 398789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends to hybrid securities |  |  |  |  | (75672) | (75672) | (47749) | (123421) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Redemption of hybrid securities |  | (698277) |  | (2139) |  | (700416) | (239434) | (939850) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer of redemption loss of hybrid securities to retained earnings |  |  |  | 2456 | (2456) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes in subsidiaries' capital |  |  | 250 | 49743 | (49743) | 250 | (250) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others |  |  |  |  | (3906) | (3906) | (22) | (3928) |
|  **June 30, 2025 (Unaudited)** | 3802676 | 3510947 | 934351 | (1806515) | 27734027 | 34175486 | 1540032 | 35715518 |

---

The accompanying notes are part of these condensed consolidated interim financial statements.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS** 

**FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | |
|:---|:---|:---|
|  | **For the six-month periods ended June 30** | **For the six-month periods ended June 30** |
|  | **2025** | **2024** |
|  | **(Korean Won in millions)** | **(Korean Won in millions)** |
|  **Cash flows from operating activities :** |  |  |
|  Net income | 1594299 | 1800420 |
|  Adjustments to net income: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income tax expense | 456781 | 590439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income | (10419776) | (10887876) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest expense | 5905968 | 6492777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | (142433) | (152738) |
|  | (4199460) | (3957398) |
|  Additions of expenses not involving cash outflows: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on financial assets at FVTOCI | 4306 | 345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment loss due to credit loss | 943310 | 775492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on other provisions | 16570 | 20650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retirement benefit | 98078 | 64350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization | 618737 | 564151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on foreign currency translation |  | 753333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on derivatives (designated for hedge) | 111521 | 44299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on fair value hedge | 59901 | 29253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on valuation of investments in joint ventures and associates | 12714 | 12250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on disposal of investments in joint ventures and associates | 241 | 438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on disposal of Premises and equipment, intangible assets and other assets | 1060 | 1313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment loss on Premises and equipment, intangible assets and other assets | 382 | 1362 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other losses | 2788 |  |
|  | 1869608 | 2267236 |
|  Deductions of income not involving cash inflows: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on financial instruments at FVTPL | 194476 | 440690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on financial assets at FVTOCI | 85129 | 38860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on other provisions | 511 | 11893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on foreign currency translation | 679593 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on derivatives (designated for hedge) | 85237 | 83926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on fair value hedge | 3887 | 42020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on valuation of investments in joint ventures and associates | 84403 | 51881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on disposal of investments in joint ventures and associates | 422 | 671 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on disposal of Premises and equipment, intangible assets and other assets | 16165 | 2611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal of impairment loss on Premises and equipment, intangible assets and other assets | 919 | 23 |
|  | 1150742 | 672575 |
|  Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial instruments at FVTPL | 170127 | 253255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and other financial assets at amortized cost | (19252504) | (12358725) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other assets | (424306) | (778289) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers | 5913514 | (1170406) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provisions | (845) | (173798) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net defined benefit liability | (55953) | (3029) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial liabilities | 8534068 | 4865450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other liabilities | (29395) | (38840) |
|  | (5145294) | (9404382) |
|  Interest income received | 10201240 | 10801148 |
|  Interest expense paid | (5554474) | (5817727) |
|  Dividends received | 142519 | 137822 |
|  Income tax paid | (264346) | (121314) |
|  | 4524939 | 4999929 |
|  Net cash provided by (used in) operating activities | (2506650) | (4966770) |

---

(Continued)

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS** 

**FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | |
|:---|:---|:---|
|  | **For the six-month periods ended June 30** | **For the six-month periods ended June 30** |
|  | **2025** | **2024** |
|  | **(Korean Won in millions)** | **(Korean Won in millions)** |
|  **Cash flows from investing activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal of financial instruments at FVTPL | 8988569 | 6777738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of financial instruments at FVTPL | (9616922) | (6681541) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal of financial assets at FVTOCI | 18412515 | 13859312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of financial assets at FVTOCI | (14160445) | (14325052) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Redemption of securities at amortized cost | 2871657 | 2245188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of securities at amortized cost | (2473315) | (502738) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash inflows (outflows) from changes in subsidiaries | 19529 | (307882) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal of investments in joint ventures and associates | 71564 | 823909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of investments in joint ventures and associates | (83970) | (740003) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal of Premises and equipment | 35197 | 2278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of Premises and equipment | (111109) | (92039) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal of intangible assets | 333 | 4205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of intangible assets | (80612) | (106888) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal of assets held for sale | 17201 | 3300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) of other assets | 28008 | 9217 |
|  | 3918200 | 969004 |
|  **Cash flows from financing activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net cash in-flows (out-flows) from hedging activities | (425) | (17295) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in borrowings | 2529754 | (1777921) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuance of debentures | 17627111 | 15073775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Redemption of debentures | (16339027) | (14798992) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Redemption of lease liabilities | (117119) | (115104) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase of other liabilities | (286) | (17082) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of treasury stocks | (149860) | (136711) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal of treasury stocks |  | 4847 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends paid | (634898) | (612107) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuance of hybrid securities | 398789 | 797913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Redemption of hybrid securities | (940000) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends paid to hybrid securities | (123421) | (113301) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends paid to non-controlling interest | (999) | (3468) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes in non-controlling interests |  | (41606) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in non-controlling equity liabilities | 3539 | (1589) |
|  | 2253158 | (1758641) |
|  Effects of exchange rate changes on cash and cash equivalents | (937332) | 671421 |
|  **Net increase (decrease) in cash and cash equivalents** | 2727376 | (5084986) |
|  **Cash and cash equivalents, beginning of the period** | 27281123 | 30556618 |
|  **Cash and cash equivalents, end of the Period (Note 6)** | 30008499 | 25471632 |

---

The accompanying notes are part of these condensed consolidated interim financial statements.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**1.** **GENERAL** 

(1) Summary of the Parent company

Woori Financial Group, Inc. (hereinafter referred to as the "Parent company") is primarily aimed at controlling subsidiaries that operate in the financial industry or those that are closely related to the financial industry through the ownership of shares and was established on January 11, 2019 under the Financial Holding Company Act through the comprehensive transfer with shareholders of Woori Bank (hereinafter referred to as the "Bank"), Woori FIS Co., Ltd., Woori Finance Research Institute Co., Ltd., Woori Credit Information Co., Ltd., Woori Fund Services Co., Ltd. and Woori Private Equity Asset Management Co. Ltd. The headquarters of the Parent company is located at 51, Sogong-ro, Jung-gu, Seoul, Korea, and the capital stock is 3,802,676 million Won. The Parent company's stocks were listed on the Korea Exchange on February 13, 2019, and its American Depository Shares ("ADS") are also being traded as the underlying common stock on the New York Stock Exchange since the same date.

The details of stock transfer between the Parent company and subsidiaries as of Incorporation are as follows (Unit: Number of shares)

---

| | | | |
|:---|:---|:---|:---|
| Stock transfer company | Total number of<br>issued shares | Exchange ratio<br>per share | Number of Parent<br>company's stocks |
|  Woori Bank | 676000000 | 1.0000000 | 676000000 |
|  Woori FIS Co., Ltd. | 4900000 | 0.2999708 | 1469857 |
|  Woori Finance Research Institute Co., Ltd. | 600000 | 0.1888165 | 113289 |
|  Woori Credit Information Co., Ltd. | 1008000 | 1.1037292 | 1112559 |
|  Woori Fund Service Co., Ltd. | 2000000 | 0.4709031 | 941806 |
|  Woori Private Equity Asset Management Co., Ltd. | 6000000 | 0.0877992 | 526795 |

---

As of August 1, 2019, the Parent company acquired a 73% interest in Tongyang Asset Management Co., Ltd. and changed the name to Woori Asset Management Corp. Also, as of August 1, 2019, the Parent company gained 100% control of ABL Global Asset Management Co., Ltd., added it as a consolidated subsidiary and changed the name to Woori Global Asset Management Co., Ltd. on December 6, 2019.

The Parent company paid 598,391 million Won in cash and 42,103,377 new shares of the Parent company to acquire 100% interest of Woori Card Co., Ltd. from its subsidiary, Woori Bank, on September 10, 2019. On the same date, the Parent company also acquired 59.8% interest of Woori Investment Bank Co., Ltd. from Woori Bank with 392,795 million Won in cash.

As of December 30, 2019, the Parent company acquired a 67.2% interest (excluding treasury stocks, 51% interest including treasury stocks) in Woori Asset Trust Co., Ltd. (formerly Kukje Asset Trust Co., Ltd.) and added it as a consolidated subsidiary at the end of 2019. As of March 31, 2023, it acquired an additional 28.1% interests (excluding treasury stock, 21.3% in the case of including treasury stock).

The Parent company acquired 76.8% (excluding treasury stocks, 74.0% interest including treasury stocks) interest in Woori Financial Capital Co., Ltd. (formerly Aju Capital Co., Ltd.) on December 10, 2020. In addition, as of April 15, 2021, the Parent company acquired 13.3% interests (excluding treasury stock, 12.9% when including treasury stock) in Woori Financial Capital Co., Ltd., and as of May 24, 2021, the Parent company additionally acquired treasury stock (3.6%) which Woori Financial Capital Co., Ltd. possessed.

The Parent company paid 113,238 million Won in cash to acquire 100% interest of Woori Savings Bank from its subsidiary, Woori Financial Capital Co., Ltd., on March 12, 2021.

As of August 10, 2021, the Parent company paid 5,792,866 new shares of the Parent company to the shareholders of Woori Financial Capital Co., Ltd. (excluding the Parent company) through comprehensive stock exchange and acquired residual interest (9.5%) of Woori Financial Capital Co., Ltd., to make it a wholly owned subsidiary.

As of January 7, 2022, the Parent company established Woori Financial F&I Co., Ltd., an investment company for non-performing loans and restructuring companies (100% interest, 200 billion Won in stock payments) and included it as a subsidiary.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

As of March 23, 2023, the Parent company acquired a 53.9% interest (excluding treasury stocks, 52.0% interest including treasury stocks) in Woori Venture Partners Co., Ltd. (formerly Daol Investment Co., Ltd.), and added it as a consolidated subsidiary. As of May 30, 2023, the Parent company additionally acquired treasury stock (3.5%) which Woori Venture Partners Co., Ltd. possessed.

As of August 8, 2023, the Parent company paid 22,541,465 new shares of the Parent company to the shareholders of Woori Investment Bank Co., Ltd. (excluding the Parent company) through comprehensive stock exchange and acquired residual interest (41.3%) of Woori Investment Bank Co., Ltd., to make it a wholly owned subsidiary. In addition, on the same day, the Parent company paid 9,933,246 new shares of the Parent company to the shareholders of Woori Venture Partners Co., Ltd. (excluding the Parent company) through comprehensive stock exchange and acquired residual interest (44.5%) of Woori Venture Partners Co., Ltd., to make it a wholly owned subsidiary.

The Parent company's percentage of ownership in Woori Asset Management Corp. after the merger between Woori Asset Management Corp. (the surviving company) and Woori Global Asset Management Co., Ltd. (the merged company) is 77.5%. On March 29, 2024, the Parent company acquired the remaining shares (22.5%) of Woori Asset Management Corp., pursuant to which Woori Asset Management Corp. became a wholly-owned subsidiary of the parent company.

On March 25, 2024, the Parent company participated in the capital increase amount and acquired the 1,062,045 shares (96.7% after acquiring shares, 79.4% including treasury shares) of Woori Asset Trust Co., Ltd. Additionally, on March 29, 2024, Woori Asset Trust Co., Ltd. conducted a complete retirement of its 738,000 treasury shares. In addition, as of April 8, 2024, the Parent company additionally acquired minority interests (2.0%) of Woori Asset Trust Co., Ltd. As of November 19, 2024, the Parent company additionally acquired minority interests (0.9%) of Woori Asset Trust Co., Ltd.

On August 1, 2024, The Company owned 97.1% interest in merged securities firm as a result of merger between Korea Foss Securities (the surviving company) and Woori Investment Bank Co., Ltd. (dissolution company), and acquired an additional 2.3% out of the remaining interest. The merged securities company also changed its name to Woori Investment Securities Co., Ltd.

(2) Details of the Parent company and subsidiaries (hereinafter 'Group') as of June 30, 2025 and
December 31, 2024 are as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Percentage of ownership<br>(%) | Percentage of ownership<br>(%) | Location | Financial<br>statements date |
| Subsidiaries | Main business | June 30,<br>2025 | December 31,<br>2024 | Location | Financial<br>statements date |
|  Held by Woori Financial Group Inc. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Bank | Bank | 100.0 | 100.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Card Co., Ltd. | Finance | 100.0 | 100.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Financial Capital Co., Ltd. | Finance | 100.0 | 100.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Investment Securities Co., Ltd. (\*1) | Securities brokerage | 99.5 | 99.5 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Asset Trust Co., Ltd. | Real estate trust | 99.6 | 99.6 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Savings Bank | Mutual saving bank | 100.0 | 100.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Financial F&I Co., Ltd. | Finance | 100.0 | 100.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Asset Management Corp. (\*1) | Finance | 100.0 | 100.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Venture Partners | Other financial services | 100.0 | 100.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Private Equity Asset Management Co., Ltd. | Finance | 100.0 | 100.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Credit Information Co., Ltd. | Credit information | 100.0 | 100.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Fund Service Co., Ltd. | Financial support service business | 100.0 | 100.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori FIS Co., Ltd. | System software development & maintenance | 100.0 | 100.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Finance Research Institute Co., Ltd. | Other service business | 100.0 | 100.0 | Korea | June 30 |
|  Held by Woori Bank |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori America Bank | Finance | 100.0 | 100.0 | America | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Global Markets Asia Limited | Finance | 100.0 | 100.0 | Hong Kong | June 30 |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Percentage of ownership<br>(%) | Percentage of ownership<br>(%) | Location | Financial<br>statements date |
| Subsidiaries | Main business | June 30,<br>2025 | December 31,<br>2024 | Location | Financial<br>statements date |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Bank China Limited | Finance | 100.0 | 100.0 | China | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AO Woori Bank (\*7) | Finance | 100.0 | 100.0 | Russia | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PT Bank Woori Saudara Indonesia 1906 Tbk | Finance | 90.8 | 90.8 | Indonesia | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco Woori Bank do Brasil S.A. | Finance | 100.0 | 100.0 | Brazil | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korea BTL Infrastructure Fund | Finance | 99.9 | 99.9 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Finance Myanmar Co., Ltd. | Finance | 100.0 | 100.0 | Myanmar | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wealth Development Bank | Finance | 51.0 | 51.0 | Philippines | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Bank Vietnam Limited | Finance | 100.0 | 100.0 | Vietnam | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Bank (Cambodia) PLC | Finance | 100.0 | 100.0 | Cambodia | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Bank Europe | Finance | 100.0 | 100.0 | Germany | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KAMCO Value Recreation First Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 15.0 | 15.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jeonju Iwon Ltd. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wonju I one Inc. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Heitz Third Co., Ltd. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori hansoop 1st Co., Ltd. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori QS 1st Co., Ltd. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Dream 2nd Co., Ltd. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori K 1st Co., Ltd. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Display 3rd Co., Ltd. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Quantum Jump the 2nd Co., Ltd. (\*2) (\*5) | Asset securitization | 0.0 | 0.0 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori HW 1st Co., Ltd. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Dream 3rd Co., Ltd. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori SJS 1st Co., Ltd. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SPG the 1st Co., Ltd. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori-HWC 1st Co., Ltd. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori HC 3rd Co., Ltd. (\*2). | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WOORI PARC.1 1ST CO., LTD(\*2)(\*5) | Asset securitization | 0.0 | 0.0 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori HC 4th Co., Ltd. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori SKR 1st Co., Ltd. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori H chemical 1st Co.,Ltd (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HE the 1st Co.,Ltd. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Hub The 1st Co., Ltd. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori K The 3rd Co., Ltd. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori KF 1st Co., Ltd. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori L Yongsan 1st Co., Ltd. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori HC 5th Co., Ltd. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Lotte Dongtan 1st Co., Ltd. (\*2)(\*5) | Asset securitization | 0.0 | 0.0 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori HC 6th Co., Ltd. (\*2)(\*5) | Asset securitization | 0.0 | 0.0 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori HO 1st Co., Ltd. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori ESG 1st Co.,Ltd. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Osiria 1st Co.,Ltd. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gangnam Landmark 2nd Co., Ltd(\*2)(\*5) | Asset securitization | 0.0 | 0.0 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori HP the 1st co.,Ltd. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori KF 2nd Co., Ltd.(\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori HD 1st co., Ltd.(\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori ST 1st co.,Ltd.(\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori HW 2nd co., Ltd.(\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Mirae 1st co., Ltd.(\*2)(\*5) | Asset securitization | 0.0 | 0.0 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori HR 2nd Co., Ltd. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori QS 2nd Co., Ltd. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Plasma 1st Co., Ltd. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori EUGENE 1st Co.,Ltd (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Percentage of ownership<br>(%) | Percentage of ownership<br>(%) | Location | Financial<br>statements date |
| Subsidiaries | Main business | June 30,<br>2025 | December 31,<br>2024 | Location | Financial<br>statements date |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WOORIWON 1ST, CO,.LIMITED. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WOORI ENERBILITY 1ST, CO,.LIMITED. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WOORI HL 1ST, CO,.LIMITED. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WOORI PARC1 2ND CO.,LTD (\*2) (\*10) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WOORI HEROS 1ST CO.,LTD. (\*2) (\*10) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WOORI GANGNAM ALPHA 1ST CO.,LTD. (\*2) (\*10) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WOORI BLOSSOM 1ST CO.,LTD. (\*2) (\*10) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WOORI SEOUL STATION AREA 1ST, CO,.LTD. (\*2) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Heungkuk Global Private Placement Investment Trust No. 1 (\*3) | Securities investment and others | 98.8 | 98.8 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AI Partners UK Water Supply Private Placement Investment Trust No.2 (\*3) | Securities investment and others | 97.3 | 97.3 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multi Asset Global Real Estate Investment Trust No. 5-2 (\*3) | Securities investment and others | 99.0 | 99.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IGIS Australia Investment Trust No. 209-1 (\*3) | Securities investment and others | 99.4 | 99.4 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Global Secondary Private Placement Investment Trust No. 1 (\*3) | Securities investment and others | 98.8 | 98.8 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JB Airline Private Placement Investment Trust No.8 (\*3) | Securities investment and others | 97.0 | 97.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kiwoom Harmony Private Placement Investment Trust No. 2 (\*3) | Securities investment and others | 97.5 | 97.3 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kiwoom Harmony Private Placement Investment Trust No. 1 (\*3) | Securities investment and others | 97.4 | 97.4 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kiwoom Harmony Private Placement Investment Trust No. 4 (\*3) | Securities investment and others | 96.2 | 96.2 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kiwoom Harmony Private Placement Investment Trust No. 9 (\*3) (\*10) | Securities investment and others | 100.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Principal Guaranteed Trust (\*4) | Trust | 0.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Principal and Interest Guaranteed Trust (\*4) | Trust | 0.0 | 0.0 | Korea | June 30 |
|  Held by Multi Asset Global Real Estate Investment Trust No. 5-2 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MAGI No.5 LuxCo S.a.r.l. | Asset securitization | 54.6 | 54.6 | Luxembourg | June 30 |
|  Held by MAGI No.5 LuxCo S.a.r.l. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ADP 16 Brussels | Asset securitization | 100.0 | 100.0 | Belgium | June 30 |
|  Held by Woori ESG Infrastructure Development General Private Investment Trust No. 1: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Global Infrastructure Development Co., Ltd. | Other financial services | 100.0 | 100.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Namyangju Resource Circulation Facility Development Co., Ltd. | Other professional services | 100.0 | 100.0 | Korea | June 30 |
|  Held by Woori Card Co., Ltd. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TUTU Finance–WCI Myanmar Co., Ltd. | Finance | 100.0 | 100.0 | Myanmar | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PT Woori Finance Indonesia Tbk. | Finance | 84.5 | 84.5 | Indonesia | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Card 2021-1 Asset Securitization Specialty Co., Ltd. (\*2) (\*5) | Asset securitization | 0.0 | 0.5 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Card 2022-1 Asset Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 0.5 | 0.5 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Card 2022-2 Asset Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 0.5 | 0.5 | Korea | June 30 |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Percentage of ownership<br>(%) | Percentage of ownership<br>(%) | Location | Financial<br>statements date |
| Subsidiaries | Main business | June 30,<br>2025 | December 31,<br>2024 | Location | Financial<br>statements date |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Card 2023-1 Asset Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 0.5 | 0.5 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Card 2023-2 Asset Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 0.5 | 0.5 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Card 2024-1 Asset Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 0.5 | 0.5 | Korea | June 30 |
|  Held by Woori Financial Capital Co., Ltd. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Specified Money Market Trust | Trust | 100.0 | 100.0 | Korea | June 30 |
|  Held by Woori Investment Securities Co., Ltd. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Seari Second Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Namjong 1<sup>st</sup> Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bukgeum First Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bukgeum Second Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WS1909 Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WS2003 Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WS2006 Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WH2103 Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WN2103 Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WH2106 Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WiBee AK 1st Co.,Ltd. (\*2) (\*10) | Asset securitization | 0.0 | 0.0 | Korea | June 30 |
|  Held by Woori Asset Management Corp. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori China Convertible Bond Hedging feeder Investment Trust H (debt-oriented hybrid) (\*3) (\*5) | Securities investment and others | 0.0 | 89.5 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori China Convertible Bond Master Fund (\*3) (\*5) | Securities investment and others | 0.0 | 63.3 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Together TDF 2040 (\*3) (\*5) | Securities investment and others | 0.0 | 34.3 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Together TDF 2045 (\*3) | Securities investment and others | 48.6 | 56.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Together TDF 2050 (\*3) (\*5) | Securities investment and others |  | 31.5 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Rooftop Solar Private Special Asset Investment Trust No.1 (\*3) | Securities investment and others | 40.1 | 40.1 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Didim US Technology and Bio-Healthcare Feeder Investment Trust (\*3) (\*5) | Securities investment and others | 0.0 | 44.6 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori US Billionaire Equity Master Investment Trust (\*3) (\*5) (\*10) | Securities investment and others | 0.0 | 0.0 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori US Billionaire Equity EMP Feeder Investment Trust (H) ClassC-F (\*3) (\*5) (\*10) | Securities investment and others | 0.0 | 0.0 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori US Billionaire Equity EMP Feeder Investment Trust (UH) ClassC-F (\*3)(\*10) | Securities investment and others | 70.4 | 0.0 | Korea | June 30 |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Percentage of ownership<br>(%) | Percentage of ownership<br>(%) | Location | Financial<br>statements date |
| Subsidiaries | Main business | June 30,<br>2025 | December 31,<br>2024 | Location | Financial<br>statements date |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Total Bond Market Master Investment Trust (\*3)(\*5)(\*10) | Securities investment and others | 0.0 | 0.0 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Short Term Bond Master Investment Trust (\*3)(\*5)(\*10) | Securities investment and others | 0.0 | 0.0 | Korea |  |
|  Held by Woori Financial F&I Co., Ltd. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WI2203 Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WM2203 Asset Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WNI2206 Asset Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WI2209 Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WN2212 Asset Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WK2212 Asset Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WH2306 Securitization Specialty Co., Ltd.(\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WN2306 Securitization Specialty Co., Ltd.(\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WNKN2309 Securitization Specialty Co., Ltd.(\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WB2309 Securitization Specialty Co., Ltd.(\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WI2311 Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WSB2312 Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WK2312 Asset Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WBS2312 Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WK2403 Asset Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WH2403 Securitization Specialty Co., Ltd.(\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WSB2406 Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WK2406 Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WI2406 Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WKN2406 Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WS2409 Asset Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WSB2409 Asset Securitization Specialty Co., Ltd. (\*2) | Asset securitization | 5.0 | 5.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WDSB2503 Asset Securitization Specialty Co., Ltd. (\*2) (\*10) | Asset securitization | 5.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WHKN2506 Asset Securitization Specialty Co., Ltd. (\*2) (\*10) | Asset securitization | 5.0 | 0.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VOGO DL General Private Equity Investment Trust 1(\*3) | Securities investment and others | 99.8 | 99.8 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WFBS 1st Corporate Recovery Private Equity Fund | Finance | 96.2 | 96.2 | Korea | June 30 |
|  Held by Woori Venture Partners Co.,Ltd. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Venture Partners US | Other financial services | 100.0 | 100.0 | America | June 30 |
|  Held by Woori Bank, Woori Financial Capital Co., Ltd., and Woori Private Equity Asset Management Co., Ltd. (\*6) |  |  |  |  |  |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Percentage of ownership<br>(%) | Percentage of ownership<br>(%) | Location | Financial<br>statements date |
| Subsidiaries | Main business | June 30,<br>2025 | December 31,<br>2024 | Location | Financial<br>statements date |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Green ESG Growth No.1 Private Equity Fund(\*3) | Securities investment and others | 34.7 | 34.8 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori New Growth Credit Fund 1(\*3) | Securities investment and others | 100.0 | 100.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori PE Secondary Fund 1 (\*3) | Securities investment and others | 100.0 | 100.0 | Korea | June 30 |
|  Held by Woori Financial Capital Co., Ltd., Woori Private Equity Asset Management Co., Ltd. and Woori Investment Securities Co., Ltd. (\*6) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Hotel Real Estate Private Equity Fund 1 (\*3) | Securities investment and others | 100.0 | 100.0 | Korea | June 30 |
|  Held by Woori Bank, Woori Financial Capital Co., Ltd., Woori Investment Securities Co., Ltd., Woori Savings Bank and Woori Private Equity Asset Management Co., Ltd. (\*6) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Innovative Growth Professional Investment Type Private Investment Trust No.1 (\*3) | Securities investment and others | 90.0 | 90.0 | Korea | June 30 |
|  Held by Woori Bank, Woori Financial Capital Co., Ltd., Woori Investment Securities Co., Ltd. and Woori Private Equity Asset Management Co., Ltd. (\*6) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Innovative Growth Professional Investment Type Private Investment Trust No.2 (\*3) | Securities investment and others | 85.0 | 85.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Innovative Growth New Deal Private Investment Trust No.3 (\*3) | Securities investment and others | 94.3 | 94.3 | Korea | June 30 |
|  Held by Woori Bank, Woori Financial Capital Co., Ltd., and Woori Investment Securities Co., Ltd. (\*6) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori GP Commitment Loan General Type Private Investment Trust No.1 (\*3) | Securities investment and others | 100.0 | 100.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Equity Bridge Loan General Type Private Investment Trust No.1 (\*3) | Securities investment and others | 80.0 | 80.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori GP Commitment Loan General Type Private Investment Trust No.2 (\*3) | Securities investment and others | 100.0 | 100.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori GP Commitment Loan General Type Private Investment Trust No.3 (\*3) | Securities investment and others | 100.0 | 100.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Junior Equity General Type Private Investment Trust (\*3) | Securities investment and others | 100.0 | 100.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Top-Class Senior and Junior Loan Private Investment Trust (\*3) (\*10) | Securities investment and others | 100.0 | 0.0 | Korea | June 30 |
|  Held by Woori Bank, Woori Financial Capital Co., Ltd., and Woori Asset Management Corp. (\*6) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori New Deal (Infrastructure) Policy Fund No.1(\*3) | Securities investment and others | 70.0 | 70.0 | Korea | June 30 |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Percentage of ownership<br>(%) | Percentage of ownership<br>(%) | Location | Financial<br>statements date |
| Subsidiaries | Main business | June 30,<br>2025 | December 31,<br>2024 | Location | Financial<br>statements date |
|  Held by Woori bank and Woori Investment Securities Co., Ltd. (\*6) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Global Development Infrastructure Synergy Company Private Placement Investment Trust No.1 (\*3) | Securities investment and others | 100.0 | 100.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori NorthAmerica Infra Private Placement Investment Trust No. 1 (\*3) | Securities investment and others | 100.0 | 100.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Infrastructure New Deal Specialized Investment Private Equity Investment Trust No. 1 (\*3) | Securities investment and others | 100.0 | 100.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori General Type Private Real Estate Investment Trust No.2 (\*3) | Securities investment and others | 30.1 | 30.1 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori ESG Infrastructure Development General Type Private Investment Trust No.1 (\*3) | Securities investment and others | 100.0 | 100.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Real Estate Blind Investment General Type Private Investment Trust No.1 (\*3) (\*10) | Securities investment and others | 100.0 | 0.0 | Korea | June 30 |
|  Held by Woori bank (\*6) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori WooriBank Partners General Type Private Investment Trust No.1 (\*3) | Securities investment and others | 92.6 | 92.6 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori General Type Private Real Estate Investment Trust No.1 (\*3) | Securities investment and others | 86.8 | 84.9 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Global Mid-market Secondary General Type Private Investment Trust No.1 (\*3) | Securities investment and others | 80.0 | 80.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Woori Bank Partners Professional Type Private Investment Trust No. 2 (\*3) | Securities investment and others | 90.9 | 90.9 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori General Type Private Real Estate Investment Trust No.5 (\*3) | Securities investment and others | 87.0 | 87.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Senior Loan General Type Private Investment Trust No.2(\*3) | Securities investment and others | 50.0 | 50.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Japan General Type Private Real Estate Feeder Investment Trust No.1-2 (\*3) (\*5) | Securities investment and others | 0.0 | 98.8 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Japan Blind General Type Private Real Estate Feeder Investment Trust No.1 (\*3) | Securities investment and others | 99.9 | 99.9 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Clean Energy General Type Private Investment Trust No.2 (\*3) | Securities investment and others | 30.8 | 30.8 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori ESG Infrastructure Development General Type Private Investment Trust No.2 (\*3) | Securities investment and others | 50.0 | 50.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Dongbu Underground Expressway General type Private Special Asset Investment Trust (\*3) | Securities investment and others | 40.0 | 40.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Partners General Private Investment Trust No. 3 (\*3) | Securities investment and others | 90.9 | 90.9 | Korea | June 30 |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Percentage of ownership<br>(%) | Percentage of ownership<br>(%) | Location | Financial<br>statements date |
| Subsidiaries | Main business | June 30,<br>2025 | December 31,<br>2024 | Location | Financial<br>statements date |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Natixis Partnership Global Private Debt Fund No. 1-1(USD) (\*3) | Securities investment and others | 80.0 | 80.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Natixis Partnership Global Private Debt Fund No. 1-2(EUR) (\*3) | Securities investment and others | 80.0 | 80.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori General Type Private Real Estate Investment Trust No.7 (\*3) | Securities investment and others | 87.0 | 87.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Senior Loan General Type Private Investment Trust No.3 (\*3) | Securities investment and others | 45.8 | 45.8 | Korea | June 30 |
|  Held by Woori Bank and Woori Financial Capital Co., Ltd. (\*6) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Renewable New Deal Fund No.1 (\*3) | Securities investment and others | 60.0 | 60.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Equity Investment General Type Private Investment Trust No.1 (\*3) | Securities investment and others | 100.0 | 100.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Busan Logistics Infra Private Placement Special Asset Investment Trust (\*3) | Securities investment and others | 100.0 | 100.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Fund Financing General Type Private Investment Trust (\*3) | Securities investment and others | 99.7 | 99.7 | Korea | June 30 |
|  Held by Woori Financial Capital Co., Ltd.(\*6) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Japan Private Placement Real Estate Feeder Investment Trust No.1-1 (\*3) (\*5) | Securities investment and others | 0.0 | 63.2 | Korea |  |
|  Held by Woori Bank and Woori Asset Management Corp. (\*6) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori General Type Private Real Estate Investment Trust No.6 (\*3) | Securities investment and others | 85.8 | 85.8 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Innovation Growth(Infrastructure) General Type Private Investment Trust No.2 (\*3) | Securities investment and others | 46.4 | 46.4 | Korea | June 30 |
|  Held by Woori bank, Woori Investment Securities Co., Ltd., and Woori Asset Management Corp. (\*6) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Real Estate Financial Stabilization General Private Investment Trust No. 1 (\*3) | Securities investment and others | 100.0 | 100.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Real Estate Financial Stabilization General Private Investment Trust No. 2 (\*3)(\*10) | Securities investment and others | 100.0 | 0.0 | Korea | June 30 |
|  Held by Woori Bank, Woori Card Co., Woori Investment Securities Co., Ltd. and Woori Financial Capital Co., Ltd. (\*6) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori FG Digital Investment Fund 1st (\*3) | Securities investment and others | 100.0 | 100.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori FG DINNO Lab Fund 1st (\*3) | Securities investment and others | 100.0 | 100.0 | Korea | June 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori FG DINNO Lab Fund 2nd (\*3) (\*10) | Securities investment and others | 100.0 | 0.0 | Korea | June 30 |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Percentage of ownership<br>(%) | Percentage of ownership<br>(%) | Location | Financial<br>statements date |
| Subsidiaries | Main business | June 30,<br>2025 | December 31,<br>2024 | Location | Financial<br>statements date |
|  Held by Woori Japan Private Placement Real Estate Feeder Investment Trust No.1-1 and Woori Japan Investment Trust No. 1-2(\*6) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Japan Private Placement Real Estate Master Investment Trust No.1 (\*3)(\*5)(\*8) | Securities investment and others | 0.0 | 100.0 | Korea |  |
|  Held by Woori Financial Capital Co., Ltd. and Woori Investment Securities Co., Ltd. (\*6) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Japan Private Placement Real Estate Master Investment Trust No.2-1 (\*3)(\*5) | Securities investment and others | 0.0 | 100.0 | Korea |  |
|  Held by Woori Bank and Woori Private Equity Asset Management Co., Ltd. (\*6) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Corporate Turnaround No.1 Private Equity Fund (\*3) | Securities investment and others | 36.2 | 36.4 | Korea | June 30 |
|  Held by Woori Japan Blind General Type Private Real Estate Feeder Investment Trust No.1 and Woori Japan General Type Private Real Estate Feeder Investment Trust No.2-1(\*6) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Japan Private Placement Real Estate Master Investment Trust No.2 (\*3)(\*5)(\*8) | Securities investment and others | 0.0 | 100.0 | Korea |  |
|  Held by Woori Japan Private Placement Real Estate Master Investment Trust No.1 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GK OK Chatan (\*3)(\*5) | Other financial services | 0.0 | 99.9 | Japan |  |
|  Held by Woori Japan Blind General Type Private Real Estate Feeder Investment Trust No.1 (\*6) |  |  |  |  |  |
|  Woori Private Placement Investment Trust No. 3 (\*3)(\*8) | Securities investment and others | 76.5 | 76.5 | Korea | June 30 |
|  Held by Woori Private Placement Investment Trust No. 3 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GK Woorido(\*3) | Other financial services | 100.0 | 100.0 | Japan | March 31 (\*9) |

---

---

| | |
|:---|:---|
| (\*1) | The Company acquired additional shares of Woori Asset Trust Co., Ltd and Woori Asset Management Corp. for the year ended December 31, 2024. Additionally, The Group owned interest in Korea Foss Securities Co., Ltd. as a result of the merger between Korea Foss Securities Co., Ltd. (surviving company) and Woori Investment Bank Co., Ltd. (dissolution company) for the year ended December 31, 2024. The merged securities company also changed its name to Woori Investment Securities Co., Ltd.  |

---

---

| | |
|:---|:---|
| (\*2) | The entity is a structured entity for the purpose of asset securitization. Although the Group is not a majority shareholder, the Group 1) has the power over the investee, 2) is exposed to or has rights to variable returns from its involvement with the investee, and 3) has the ability to use its power to affect its returns.  |

---

---

| | |
|:---|:---|
| (\*3) | The entity is a structured entity for the purpose of investment in securities. Although the Group is not a majority shareholder, the Group 1) has the power over the investee, 2) is exposed to or has rights to variable returns from its involvement with the investee, and 3) has the ability to use its power to affect its returns.  |

---

---

| | |
|:---|:---|
| (\*4) | The entity is a 'money trust' under the Financial Investment Services and Capital Markets Act. Although the Group is not a majority shareholder, the Group 1) has the power over the investee, 2) is exposed to or has rights to variable returns from its involvement with the investee, and 3) has the ability to use its power to affect its returns.  |

---

(\*5) Companies are excluded from the consolidation as of June 30, 2025.

---

| | |
|:---|:---|
| (\*6) | Determined that the Group controls the investees, considering the Group 1) has the power over the investee, 2) is exposed to or has rights to variable returns from its involvement with the investee, and 3) has the ability to use its power to affect its returns, by two or more subsidiaries' investment or operation.  |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | |
|:---|:---|
| (\*7) | The Russia – Ukraine conflict has been escalated in February 2022, and international sanctions were imposed on Russia. Due to the sanctions, the Group may experience situations such as a decrease in value of financial assets or operating assets owned by the Group regarding the conflict, an increase in receivable payment terms, limitation to transfer funds, decrease in the profit. As of June 30, 2025, the Group expects such conflict and sanctions would have financial impacts on the business of AO Woori Bank, one of the subsidiaries, in the future. However, the Group cannot reasonably predict the financial impacts.  |

---

---

| | |
|:---|:---|
| (\*8) | As a master-feeder fund, it is the percentage of the feeder fund's ownership in the master fund.  |

---

(\*9) As the financial statements for the end of the reporting period were not available, the most recent financial statements available from the date of settlement were used.

(\*10) Companies are included in the consolidation during the six-month period ended June 30, 2025.

(3) The Group has not consolidated the following entities as of June 30, 2025 and December 31, 2024
despite having more than 50% ownership interest:

---

| | | | |
|:---|:---|:---|:---|
|  | As of June 30, 2025 | As of June 30, 2025 | As of June 30, 2025 |
| Subsidiaries | Location | Main Business | Percentage of<br>ownership (%) |
|  Mirae Asset Maps Clean Water Private Equity Investment Trust 7th (\*1) | Korea | Securities Investment | 59.7 |
|  Kiwoom Yonsei Private Equity Investment Trust (\*1) | Korea | Securities Investment | 88.9 |
|  IGIS Europe Private Placement Real Estate Fund No. 163-2 (\*2) | Korea | Securities Investment | 97.8 |
|  IGIS Global Private Placement Real Estate Fund No. 148-1 (\*1) | Korea | Securities Investment | 75.0 |
|  IGIS Global Private Placement Real Estate Fund No. 148-2 (\*1) | Korea | Securities Investment | 75.0 |
|  Mirae Asset Seoul Ring Expressway Private Special Asset Fund No. 1 (\*1) | Korea | Securities Investment | 66.7 |
|  Hangkang Sewage Treatment Plant Fund (\*1) | Korea | Securities Investment | 55.6 |
|  Korea Investment Pocheon-Hwado Highway Private Special Asset Trust 2 (\*1) | Korea | Securities Investment | 55.2 |
|  Midas Global Private Placement Real Estate Investment Trust No. 7-2 (\*1) | Korea | Securities Investment | 58.3 |
|  Samsung Together Korea IPPF private securities investment trust 3 [Equity-FoFs] (\*3) | Korea | Securities Investment | 100.0 |
|  INMARK France Private Placement Investment Trust No. 18-1 (\*1) | Korea | Securities Investment | 93.8 |
|  Kiwoom Vibrato Private Placement Investment Trust 1-W(EUR) (\*2) | Korea | Securities Investment | 99.5 |
|  KOTAM Global Infra Private Fund 1-4 (\*2) | Korea | Securities Investment | 99.7 |
|  UBSHana Class 1 Special Asset Investment Trust 3 Class C 2 (\*1) | Korea | Securities Investment | 51.0 |
|  Consus GyeongJu Green Specialized Private Special Asset Investment Trust 1 (\*1) | Korea | Securities Investment | 50.0 |
|  Kiwoom Harmony Private Placement Investment Trust No. 3 (\*1) | Korea | Securities Investment | 77.3 |
|  Kiwoom Aurora Geneal Type Private Placement Investment Trust No. 2 (\*1) | Korea | Securities Investment | 60.0 |
|  NH-Amundi WSCP VIII Private Fund 2 (\*1) | Korea | Securities Investment | 65.2 |
|  AI Partners Global Infrastructure Specialized Privately Placed Feeder Fund Trust No. 2 (\*2) | Korea | Securities Investment | 100.0 |
|  Hangang new deal infra BTL fund 4 (HNBF4) (\*1) | Korea | Securities Investment | 60.0 |
|  IGIS Global Private Placement Real Estate Fund No. 316-1(\*2) | Korea | Securities Investment | 99.3 |
|  INMARK Spain Private Placement Real Estate Investment Trust No. 26-2 (\*2) | Korea | Securities Investment | 97.7 |
|  Woori Asset Global Partnership Fund No.5(\*4) | Korea | Securities Investment | 57.7 |
|  Kiwoom Harmony Private Placement Investment Trust No. 6 (\*1) | Korea | Securities Investment | 76.9 |
|  Project Chile PMGD Solar (\*2) | Korea | Securities Investment | 75.2 |
|  NH-Amundi BXD Private Fund 2[FoF] (\*2) | Korea | Securities Investment | 77.8 |
|  Rifa Qualified Investors Private Real Estate Investment Trust No.40 (\*2) | Korea | Securities Investment | 55.0 |
|  Hangang Green Environment Private Placement Special Asset Investment Trust (\*1) | Korea | Securities Investment | 50.0 |

---

---

| | |
|:---|:---|
| (\*1) | The Group does not have power over the discretionary fund because the fund manager has the sole authority to decide the relevant activities of the investee. The fund manager's delegated power is exercised not only for the Group, but also for other investors as well. The Group does not have the power over the fund's activities even though it holds more than 50% of ownership interest.  |

---

---

| | |
|:---|:---|
| (\*2) | The Group does not have power over the fund of funds because the Group cannot decide the relevant activities of the fund through the related contract. The Group does not have the power over the fund's activities even though it holds more than 50% of ownership interest.  |

---

---

| | |
|:---|:---|
| (\*3) | The Group does not have power over the stock market stabilization fund as the fund's relevant activities are determined by the management committee, over which the Group does not have substantial control. The Group does not have the power over the fund's activities even though it holds more than 50% of ownership interest.  |

---

(\*4) In this fund, because one party holds substantive removal rights, they can remove the collective investment business operator. Consequently, the Group has no control as it exercises decision-making rights as an agent.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | |
|:---|:---|:---|:---|
|  | As of December 31, 2024 | As of December 31, 2024 | As of December 31, 2024 |
| Subsidiaries | Location | Main Business | Percentage of<br>ownership (%) |
|  Mirae Asset Maps Clean Water Private Equity Investment Trust 7th (\*1) | Korea | Securities Investment | 59.7 |
|  Kiwoom Yonsei Private Equity Investment Trust (\*1) | Korea | Securities Investment | 88.9 |
|  IGIS Europe Private Placement Real Estate Fund No. 163-2 (\*2) | Korea | Securities Investment | 97.8 |
|  IGIS Global Private Placement Real Estate Fund No. 148-1 (\*1) | Korea | Securities Investment | 75.0 |
|  IGIS Global Private Placement Real Estate Fund No. 148-2 (\*1) | Korea | Securities Investment | 75.0 |
|  Mirae Asset Seoul Ring Expressway Private Special Asset Fund No. 1 (\*1) | Korea | Securities Investment | 66.7 |
|  Hangang Blue Water Private Placement Special Asset Investment Trust (\*1) | Korea | Securities Investment | 55.6 |
|  Korea Investment Pocheon-Hwado Highway Private Special Asset Trust 2 (\*1) | Korea | Securities Investment | 55.2 |
|  Midas Global Private Placement Real Estate Investment Trust No. 7-2 (\*1) | Korea | Securities Investment | 58.3 |
|  Samsung Together Korea IPPF private securities investment trust 3 [Equity-FoFs] (\*3) | Korea | Securities Investment | 100.0 |
|  INMARK France Private Placement Investment Trust No. 18-1 (\*1) | Korea | Securities Investment | 93.8 |
|  Kiwoom Vibrato Private Placement Investment Trust 1-W(EUR) (\*2) | Korea | Securities Investment | 99.5 |
|  KOTAM Global Infra Private Fund 1-4 (\*2) | Korea | Securities Investment | 99.7 |
|  UBSHana Class 1 Special Asset Investment Trust 3 Class C 2 (\*1) | Korea | Securities Investment | 51.0 |
|  Consus GyeongJu Green Specialized Private Special Asset Investment Trust 1 (\*1) | Korea | Securities Investment | 50.0 |
|  Kiwoom Harmony Private Placement Investment Trust No. 3 (\*1) | Korea | Securities Investment | 77.4 |
|  Consus Solar Energy Private Placement Investment Truns No.1(\*1) | Korea | Securities Investment | 50.0 |
|  Kiwoom Aurora Geneal Type Private Placement Investment Trust No. 2 (\*1) | Korea | Securities Investment | 60.0 |
|  NH-Amundi WSCP VIII Private Fund 2 (\*1) | Korea | Securities Investment | 65.2 |
|  AI Partners Global Infrastructure Specialized Privately Placed Feeder Fund Trust No. 2 (\*2) | Korea | Securities Investment | 100.0 |
|  Hangang new deal infra BTL fund 4 (HNBF4) (\*1) | Korea | Securities Investment | 60.0 |
|  IGIS Global Private Placement Real Estate Fund No. 316-1 (\*2) | Korea | Securities Investment | 99.3 |
|  INMARK Spain Private Placement Real Estate Investment Trust No. 26-2 (\*2) | Korea | Securities Investment | 97.7 |
|  Woori Asset Global Partnership Fund No.5 (\*4) | Korea | Securities Investment | 57.7 |
|  Kiwoom Harmony Private Placement Investment Trust No. 6 (\*1) | Korea | Securities Investment | 76.9 |
|  Project Chile PMGD Solar (\*2) | Korea | Securities Investment | 75.2 |
|  NH-Amundi BXD Private Fund 2[FoF] (\*2) | Korea | Securities Investment | 77.8 |
|  Rifa Qualified Investors Private Real Estate Investment Trust No.40 (\*2) | Korea | Securities Investment | 55.0 |
|  Hangang Green Environment Private Placement Special Asset Investment Trust (\*1) | Korea | Securities Investment | 50.0 |

---

---

| | |
|:---|:---|
| (\*1) | The Group does not have power over the discretionary fund because the fund manager has the sole authority to decide the relevant activities of the investee. The fund manager's delegated power is exercised not only for the Group, but also for other investors as well. The Group does not have the power over the fund's activities even though it holds more than 50% of ownership interest.  |

---

---

| | |
|:---|:---|
| (\*2) | The Group does not have power over the fund of funds because the Group cannot decide the relevant activities of the fund through the related contract. The Group does not have the power over the fund's activities even though it holds more than 50% of ownership interest. The Group does not have the power over the fund's activities even though the Group holds ownership interest.  |

---

---

| | |
|:---|:---|
| (\*3) | The Group does not have power over the stock market stabilization fund as the fund's relevant activities are determined by the management committee, over which the Group does not have substantial control. The Group does not have the power over the fund's activities even though it holds more than 50% of ownership interest.  |

---

(\*4) In this fund, because one party holds substantive removal rights, they can remove the collective investment business operator. Consequently, the Group has no control as it exercises decision-making rights as an agent.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(4) The summarized financial information of the major subsidiaries is as follows. The financial information of each
subsidiary was prepared on the basis of consolidated financial statements. (Unit: Korean Won in millions):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | As of June 30, 2025 | As of June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
| Subsidiaries | Assets | Liabilities | Operating<br>revenue | Net<br>income(loss)<br>attributable<br>to owners | Total<br>comprehensive<br>income(loss)<br>attributable to<br>owners |
|  Woori Bank | 494291954 | 465742436 | 20717495 | 1557693 | 1261801 |
|  Woori Card Co., Ltd. | 15950697 | 13145609 | 1213759 | 76061 | 59365 |
|  Woori Financial Capital Co., Ltd. | 12497825 | 10738266 | 934030 | 67350 | 67307 |
|  Woori Investment Securities Co., Ltd. | 8577865 | 7398438 | 239552 | 17142 | 34105 |
|  Woori Asset Trust Co., Ltd. | 419233 | 49474 | 39516 | (89998) | (90050) |
|  Woori Savings Bank | 1837168 | 1630901 | 66894 | 11232 | 12021 |
|  Woori Financial F&I Co., Ltd. | 1280448 | 940918 | 41601 | 2064 | 2064 |
|  Woori Asset Management Corp. | 189911 | 20793 | 31212 | 8549 | 8503 |
|  Woori Venture Partners Co., Ltd. | 377306 | 28459 | 10542 | 21378 | 21141 |
|  Woori Private Equity Asset Management Co., Ltd. | 101602 | 5163 | 5819 | 778 | 865 |
|  Woori Credit Information Co., Ltd. | 43384 | 6294 | 18720 | 293 | 144 |
|  Woori Fund Service Co., Ltd. | 31380 | 2419 | 8963 | 1998 | 1998 |
|  Woori FIS Co., Ltd. | 55539 | 10132 | 88319 | (1354) | (1365) |
|  Woori Finance Research Institute Co., Ltd. | 6793 | 3488 | 4373 | (454) | (467) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | As of December 31, 2024 | As of December 31, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
| Subsidiaries | Assets | Liabilities | Operating<br>revenue | Net<br>income(loss)<br>attributable<br>to owners | Total<br>comprehensive<br>income(loss)<br>attributable to<br>owners |
|  Woori Bank | 485888941 | 456944053 | 21367085 | 1673512 | 1727153 |
|  Woori Card Co., Ltd. | 16613482 | 13828816 | 1124497 | 83807 | 87732 |
|  Woori Financial Capital Co., Ltd. | 12770681 | 11045686 | 861689 | 79854 | 79960 |
|  Woori Investment Bank Co., Ltd. | 7186431 | 6041109 | 215330 | 3822 | 7719 |
|  Woori Asset Trust Co., Ltd. | 499279 | 39470 | 58264 | 9010 | 8959 |
|  Woori Savings Bank | 1874624 | 1680378 | 69280 | (27797) | (27797) |
|  Woori Financial F&I Co., Ltd. | 1251854 | 914388 | 34947 | 5367 | 5367 |
|  Woori Asset Management Corp. | 203232 | 39077 | 28666 | 4743 | 4700 |
|  Woori Venture Partners Co., Ltd. | 350066 | 15060 | 49709 | 29086 | 29413 |
|  Woori Private Equity Asset Management Co., Ltd. | 101164 | 5589 | 5385 | 3323 | 3209 |
|  Woori Credit Information Co., Ltd. | 43985 | 6555 | 21357 | 1205 | 1035 |
|  Woori Fund Service Co., Ltd. | 31154 | 2799 | 8929 | 2480 | 2480 |
|  Woori FIS Co., Ltd. | 58868 | 12094 | 90830 | (3764) | (3683) |
|  Woori Finance Research Institute Co., Ltd. | 7663 | 3892 | 4248 | (125) | (140) |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(5) The financial support that the Group provides to consolidated structured entities is as follows:

- Structured entity for asset securitization

The structured entity which is established for the purpose of securitization of project financing loans, corporate bonds, and other financial assets. The Group is involved with the structured entity through provision of credit facility over asset-backed commercial papers issued by the entity, originating loans directly to the structured entity, or purchasing 100% of the subordinated debts issued by the structured entity.

- Structured entity for the investments in securities

The structured entity is established for the purpose of investments in securities. The Group acquires beneficiary certificates through its contribution of funding to the structured entity by the Group, and it is exposed to the risk that it may not be able to recover its fund depending on the result of investment performance of asset managers of the structured entity.

- Money trust under the Financial Investment Services and Capital Markets Act

The Group provides with financial guarantee of principal and interest or solely principal to some of its trust products. Due to the financial guarantees, the Group may be obliged when the principal and interest or principal of the trust product sold is short of the guaranteed amount depending on the result of investment performance of the trust product.

As of June 30, 2025 and December 31, 2024, the Group provides 2,040,465 million Won and 2,166,871 million Won of credit facilities, respectively, for the structured entities mentioned above. As of June 30, 2025 and December 31, 2024, the purchase commitment amounts to 3,495,096 million Won and 2,817,626 million Won, respectively.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(6) As of June 30, 2025 and December 31, 2024, the share of non-controlling interests on the net income and equity of subsidiaries in which non-controlling interests are significant are as follows: (Unit: Korean Won in millions):

1) Accumulated non-controlling interests at the end of the reporting period

---

| | | |
|:---|:---|:---|
|  | June 30, 2025 | December 31, 2024 |
|  Woori Bank (\*) | 1406512 | 1645947 |
|  Woori Investment Securities Co., Ltd. | 5714 | 5571 |
|  Woori Asset Trust Co., Ltd. | 1528 | 1901 |
|  PT Bank Woori Saudara Indonesia 1906 Tbk | 88529 | 104023 |
|  Wealth Development Bank | 22421 | 23975 |
|  PT Woori Finance Indonesia Tbk. | 14739 | 16179 |

---

(\*) Hybrid securities issued by Woori Bank

2) Net income attributable to non-controlling interests

---

| | | |
|:---|:---|:---|
|  | For the six-month periods ended June 30 | For the six-month periods ended June 30 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2024 |
|  Woori Bank (\*) | &nbsp;&nbsp;&nbsp;&nbsp;47749 | &nbsp;&nbsp;&nbsp;&nbsp;38294 |
|  Woori Investment Securities Co., Ltd. | 84 |  |
|  Woori Asset Trust Co., Ltd. | (372) | 304 |
|  Woori Asset Management Corp |  | 531 |
|  PT Bank Woori Saudara Indonesia 1906 Tbk | (5584) | 4368 |
|  Wealth Development Bank | (205) | 919 |
|  PT Woori Finance Indonesia Tbk. | 593 | 490 |

---

(\*) Distribution of the hybrid securities issued by Woori Bank

3) Dividends to non-controlling interests

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month periods ended June 30 | For the six-month periods ended June 30 | For the six-month periods ended June 30 | For the six-month periods ended June 30 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2024 |
|  Woori Bank (\*) |  | &nbsp;&nbsp;&nbsp;&nbsp;47,749 |  | &nbsp;&nbsp;&nbsp;&nbsp;38,294 |
|  PT Bank Woori Saudara Indonesia 1906 Tbk |  | 983 |  | 3450 |
|  Others |  | 16 |  | 18 |

---

(\*) Distribution of the hybrid securities issued by Woori Bank

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**2.** **BASIS OF PREPARATION AND MATERIAL ACCOUNTING POLICIES** 

The accompanying consolidated interim financial statements have been condensed, restructured and translated into English from the Korean language financial statements. The Group's condensed consolidated interim financial statements are condensed interim financial statements prepared in applying International Financial Reporting Standards as adopted by the Republic of Korea ("K-IFRS") 1034 Interim Finance Reporting for some of periods in which the annual consolidated financial statements belong. It is necessary to use the Group's annual consolidated financial statements for the year ended December 31, 2024 for understanding of the accompanying condensed consolidated interim financial statements. The accompanying condensed consolidated interim financial statements contain less information compared to the information required in the annual financial statements. Selective footnotes include explanations of transactions or events that are significant for understanding the changes in the financial position and performance of the Group since the end of the previous annual reporting period.

(1) From the accounting period beginning on January 1, 2025, the Group has newly applied the following
standards and interpretations.

1) Amendments to Korean IFRS 1021 The Effects of Changes in Foreign Exchange Rates and 1101 First-time Adoption of International Financial Reporting Standards – Lack of Exchangeability

When an entity estimates a spot exchange rate because exchangeability between two currencies is lacking, the entity shall disclose related information. The amendments should be applied for annual periods beginning on or after January 1, 2025, and earlier application is permitted. The amendments do not have a significant impact on the financial statements.

(2) The details of K-IFRSs that have been issued and published since
January 1, 2025 but have not yet reached the effective date are as follows:

1) Amendments to Korean IFRS 1109 Financial Instruments, Korean IFRS 1107 Financial Instruments: Disclosures

Korean IFRS 1109 Financial Instruments and Korean IFRS 1107 Financial Instruments: Disclosures have been amended to respond to recent questions arising in practice, and to include new requirements. The amendments should be applied for annual periods beginning on or after January 1, 2026, and earlier application is permitted. The Group is in review for the impact of these amendments on the financial statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• clarify the date of recognition and derecognition of some financial assets and liabilities, with a new exception
for some financial liabilities settled through an electronic cash transfer system;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal
and interest (SPPI) criterion;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• add new disclosures of impact on the entity and the extent to which the entity is exposed for each type of
financial instruments if the timing or amount of contractual cash flow changes due to amendment of contract term; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• update the disclosures for equity instruments designated at fair value through other comprehensive income
(FVOCI).

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

2) Annual Improvements to Korean IFRS -Volume 11

Annual Improvements to Korean IFRS -Volume 11 should be applied for annual periods beginning on or after January 1, 2026, and earlier application is permitted. The Group does not expect the amendments to have a significant impact on the financial statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Korean IFRS 1101 First-time Adoption of International Financial Reporting Standards: Hedge accounting by a
first-time adopter

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Korean IFRS 1107 Financial Instruments: Disclosures: Gain or loss on derecognition and implementation guidance

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Korean IFRS 1109 Financial Instruments: Derecognition of lease liabilities and definition of transaction price

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Korean IFRS 1110 Consolidated Financial Statements: Determination of a 'de facto agent'

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Korean IFRS 1007 Statement of Cash Flows: Cost method

(3) Material accounting policies and method of computation used in the preparation of the condensed interim
financial statements are consistent with those of the annual financial statements for the year ended December 31, 2024, except for the one described below.

- Income tax expense

Income tax expense for the interim period is recognized based on management's best estimate of the weighted average annual income tax rate expected for the full financial year. The estimated average annual tax rate is applied to the pre-tax income.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**3.** **MATERIAL ACCOUNTING ESTIMATES AND ASSUMPTIONS** 

Material accounting estimates and assumptions are continuously evaluated based on a number of factors, including historical experience and expectations of future events that are considered reasonably probable. Accounting estimates calculated based on these definitions may not match actual results.

In preparing interim financial statements, management must apply accounting policies and make judgments, estimates and assumptions that affect assets/liabilities and income/expenses. Therefore, actual results may differ from these estimates.

The significant judgments made by management in applying the accounting policies and key sources of estimation uncertainty for the preparation of interim financial statements are consistent with those made for the annual consolidated financial statements for the year ended December 31, 2024, except for the estimation method used to determine income tax expense.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**4.** **RISK MANAGEMENT** 

The Group is exposed to various risks that may arise from its operating activities and the main types of risks are credit risk, market risk, liquidity risk and etc. The Risk Management Organization analyzes and assesses the level of complex risks in order to manage the risks and the risk management standards such as policies, regulations, management systems and decision-making have been established and operated for sound management of the Group.

The risk management organization is operated by Risk Management Committee, Chief Risk Officer(CRO), and Risk Management Department. The Board of Directors operates a Risk Management Committee comprised of outside directors for professional risk management. The Risk Management Committee plays a role as the top decision-making body in risk management by establishing basic policies for risk management that are in line with the Group's management strategy and determining the risk level that the Group is willing to take.

The Chief Risk Officer (CRO) assists the Risk Management Committee and operates a Group Risk Management Council comprised of risk management managers of subsidiaries to periodically check and improve the risk burden of external environments and the Group. The risk management department is independent and is in charge of risk management of the Group. It also supports reporting and decision-making of key risk-related issues.

(1) Credit risk

Credit risk represents the possibility of financial losses incurred due to the refusal of the transaction or when the counterparty fails to fulfill its contractual obligations. The goal of credit risk management is to maintain the Group's credit risk exposure to a permissible degree and to optimize its rate of return considering such credit risk.

1) Credit risk management

To measure credit risk, the Group considers the possibility of failure in performing the obligation by the counterparties, credit exposure to the counterparty, the related default risk and the rate of default loss. The Group uses the credit rating model to assess the possibility of counterparty's default risk; and when assessing the obligor's credit rating, other than quantitative methods utilizing financial statements and others, and assessor's judgement, the Group utilizes credit rating derived using statistical methods.

In order to manage credit risk limit, the Group establishes the appropriate credit line per obligor, company or industry by monitoring obligor's credit line, total exposures and loan portfolios when approving the loan.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

2) Measurement of expected credit loss

K-IFRS 1109 requires entities to measure loss allowance equal to 12-month expected credit losses or lifetime expected credit losses after classifying financial assets into one of the three stages, depending on the degree of increase in credit risk since their initial recognition.

---

| | | | |
|:---|:---|:---|:---|
| Classification | Stage 1 | Stage 2 | Stage 3 |
| Definition | No significant increase in credit risk after initial recognition (\*) | Significant increase in credit risk after initial recognition | Credit-impaired |
| Loss allowance | 12-month expected credit losses | Lifetime expected credit losses | Lifetime expected credit losses |
| Loss allowance | Expected credit losses that result from those default events on the financial instrument that are possible within 12 months after the reporting date | Expected credit losses that result from all possible default events over the life of the financial instrument | Expected credit losses that result from all possible default events over the life of the financial instrument |

---

(\*) If the financial instrument has low credit risk at the end of the reporting period, the Group may assume that the credit risk has not increased significantly since initial recognition.

At the end of each reporting period the Group assesses whether credit risk has significantly been increased since the date of initial recognition. The Group assesses whether the credit risk has increased significantly since initial recognition by using credit rating, asset quality level, early warning system, days past due and others. For financial assets whose contractual cash flows have been modified, the Group assesses whether there is a significant increase in credit risk on the same basis.

The Group performs the below assessment to both corporate and retail exposures, and indicators of significant increase in credit risk are as follows:

---

| | |
|:---|:---|
| Corporate Exposures | Retail Exposures |
|  Asset quality level 'Precautionary' or lower | Asset quality level 'Precautionary' or lower |
|  More than 30 days past due | More than 30 days past due |
|  'Warning' level in early warning system | Significant decrease in credit rating(\*) |
|  Debtor experiencing financial difficulties<br>(Capital impairment, Adverse opinion or Disclaimer of opinion by external auditors) | Deferment of repayment of principal and interest |
|  Significant decrease in credit rating (\*) | Deferment of interest |
|  Deferment of repayment of principal and interest |  |
|  Deferment of interest |  |

---

(\*) The Group has applied the below indicators of significant decrease in credit rating since initial recognition as follows, and the estimation method is regularly being monitored.

---

| | | |
|:---|:---|:---|
|  | Credit rating | Significant increased indicator of the credit rating |
| Corporate | AAA ~ A+ | More than or equal to 4 steps |
| Corporate | A- ~ BBB | More than or equal to 3 steps |
| Corporate | BBB- ~ BB+ | More than or equal to 2 steps |
| Corporate | BB ~ BB- | More than or equal to 1 step |
| Retail | 1 ~ 3 | More than or equal to 3 steps |
| Retail | 4 ~ 5 | More than or equal to 2 steps |
| Retail | 6 ~ 9 | More than or equal to 1 step |

---

(\*) The Group determined that there is no significant increase in credit risk after initial recognition for debt securities, etc. with a credit rating of A + or higher, which are deemed to have low credit risk at the end of the reporting period.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

The Group concludes that credit is impaired when financial assets are under conditions stated below:

- When principal and interest of loan is overdue for 90 days or longer due to significant deterioration in credit

- For loans overdue for less than 90 days, when it is determined that not even a portion of the loan will be recovered unless claim actions such as disposal of collaterals are taken

- When other objective indicators of impairment have been noted for the financial asset.

The Group also incorporates forward looking into the estimates of default rates and loss given default. Considering the potential for latent insolvency due to increased internal and external economic uncertainties, the Group adjusts the forward looking to additionally recognize expected credit loss allowance.

The Group has estimated the expected credit loss allowance using an estimation model that additionally reflects the forward-looking information based on the past experience loss rate data.

Loss allowance is calculated by applying PD (Probability of Default) and LGD (Loss Given Default) estimated for each financial asset in consideration of factors such as obligor type, credit rating and portfolio. The estimates are regularly being reviewed in order to reduce discrepancies with actual losses.

In measuring the expected credit losses, the Group is also using reasonable and supportable macroeconomic variables such as gross domestic product (real, original series) growth rate, average operating rate in manufacturing, apartment sales price index (KB, Seoul) and unemployment rate (original series) in order to forecast future economic conditions.

The Group applies a future economic situation estimation model, and the results are reviewed regularly.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

3) Maximum exposure

The Group's maximum exposure to credit risk shows the uncertainties related to the maximum possible variation of financial assets' net value as a result of changes in the specific risk factors, prior to the consideration of collaterals that are recorded at net carrying amount after allowances and other credit enhancements. However, the maximum exposure is the fair value amount (recorded on the books) for derivatives, maximum contractual obligation for payment guarantees and unused amount of commitments for loan commitment.

The maximum exposure to credit risk as of June 30, 2025 and December, 31, 2024 is as follows (Unit: Korean Won in millions):

---

| | | | |
|:---|:---|:---|:---|
|  |  | June 30,<br>2025 | December 31,<br>2024 |
|  Loans and other financial assets at amortized cost | Korean treasury and government agencies | 957112 | 229126 |
|  | Banks | 41603121 | 23593313 |
|  | Corporates | 175225482 | 179986851 |
|  | Consumers | 195667046 | 194662526 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 413452761 | 398471816 |
|  Financial assets at FVTPL (\*1) | Deposits | 116957 | 73951 |
|  | Debt securities | 7232883 | 6801288 |
|  | Loans | 267949 | 104177 |
|  | Derivative assets | 4536949 | 10094532 |
|  | Others | 2718 | 2671 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 12157456 | 17076619 |
|  Financial assets at FVTOCI | Debt securities and others | 38511933 | 42922671 |
|  Securities at amortized cost | Debt securities | 18762707 | 19203177 |
|  Derivative assets | Derivative assets (Designated for hedging) | 121375 | 175191 |
|  Off-balance accounts | Payment guarantees (\*2) | 16049582 | 16611262 |
|  | Loan commitments | 130882088 | 133863588 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 146931670 | 150474850 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 629937902 | 628324324 |

---

(\*1) Puttable financial instruments are not included.

---

| | |
|:---|:---|
| (\*2) | As of June 30, 2025 and December 31, 2024, the financial guarantee amount of 4,464,989 million Won and 4,156,790 million Won are included, respectively.  |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Credit risk exposure by geographical areas

The following tables analyze credit risk exposure by geographical areas (Unit: Korean Won in millions):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 |
|  | Korea | China | USA | UK | Japan | Others (\*) | Total |
|  Loans and other financial assets at amortized cost | 384840238 | 5690870 | 6279752 | 612538 | 875080 | 15154283 | 413452761 |
|  Securities at amortized cost | 17550113 | 253594 | 760017 |  |  | 198983 | 18762707 |
|  Financial assets at FVTPL | 10269169 | 1715 | 716576 | 325194 | 146255 | 698547 | 12157456 |
|  Financial assets at FVTOCI | 34211149 | 644939 | 2376508 | 272245 |  | 1007092 | 38511933 |
|  Derivative assets (Designated for hedging) | 92318 |  | 23118 |  | 5939 |  | 121375 |
|  Off-balance accounts | 140424984 | 894898 | 1415058 | 275359 | 22121 | 3899250 | 146931670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 587387971 | 7486016 | 11571029 | 1485336 | 1049395 | 20958155 | 629937902 |

---

(\*) Others consist of financial assets in Indonesia, Hong Kong, Germany, Australia, and other countries.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Korea | China | USA | UK | Japan | Others (\*) | Total |
|  Loans and other financial assets at amortized cost | 367026768 | 5784272 | 7108462 | 584060 | 850872 | 17117382 | 398471816 |
|  Securities at amortized cost | 18052871 | 197188 | 712761 |  |  | 240357 | 19203177 |
|  Financial assets at FVTPL | 12643738 | 88 | 1824414 | 553842 | 430341 | 1624196 | 17076619 |
|  Financial assets at FVTOCI | 37746319 | 589277 | 3157655 | 190801 | 22112 | 1216507 | 42922671 |
|  Derivative assets (Designated for hedging) | 165089 |  | 3216 |  | 6886 |  | 175191 |
|  Off-balance accounts | 144006247 | 1213479 | 1805060 | 87755 | 20758 | 3341551 | 150474850 |
|  Total | 579641032 | 7784304 | 14611568 | 1416458 | 1330969 | 23539993 | 628324324 |

---

(\*) Others consist of financial assets in Indonesia, Hong Kong, Germany, Australia, and other countries.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Credit risk exposure by industries

The following tables analyze credit risk exposure by industries, which are service, manufacturing, finance and insurance, construction, individuals and others in accordance with the Korea Standard Industrial Classification Code as of June 30, 2025 and December 31, 2024 (Unit: Korean Won in millions):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 |
|  | Service | Manufacturing | Finance and<br>insurance | Construction | Individuals | Others | Total |
|  Loans and other financial assets at amortized cost | 88817572 | 49069083 | 53573714 | 5611016 | 192097280 | 24284096 | 413452761 |
|  Securities at amortized cost | 149470 |  | 8727809 | 49930 |  | 9835498 | 18762707 |
|  Financial assets at FVTPL | 368671 | 329188 | 5463266 | 50748 | 295 | 5945288 | 12157456 |
|  Financial assets at FVTOCI | 287142 | 407778 | 25319424 | 172556 |  | 12325033 | 38511933 |
|  Derivative assets (Designated for hedging) |  |  | 121375 |  |  |  | 121375 |
|  Off-balance accounts | 21434252 | 27366618 | 13315389 | 3274123 | 73989596 | 7551692 | 146931670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 111057107 | 77172667 | 106520977 | 9158373 | 266087171 | 59941607 | 629937902 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Service | Manufacturing | Finance and<br>insurance | Construction | Individuals | Others | Total |
|  Loans and other financial assets at amortized cost | 92018694 | 47835603 | 33986585 | 6219603 | 190902940 | 27508391 | 398471816 |
|  Securities at amortized cost | 169352 |  | 10248257 | 59866 |  | 8725702 | 19203177 |
|  Financial assets at FVTPL | 287401 | 539092 | 10833850 | 31527 | 123339 | 5261410 | 17076619 |
|  Financial assets at FVTOCI | 331590 | 474837 | 29935898 | 194940 |  | 11985406 | 42922671 |
|  Derivative assets (Designated for hedging) |  |  | 175191 |  |  |  | 175191 |
|  Off-balance accounts | 22460440 | 28514078 | 14147757 | 3192714 | 73212057 | 8947804 | 150474850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 115267477 | 77363610 | 99327538 | 9698650 | 264238336 | 62428713 | 628324324 |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

4) Credit risk exposure

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Financial assets

The maximum exposure to credit risk by asset quality, except for financial assets at FVTPL and derivative asset (designated for hedging) as of June 30, 2025 and December 31, 2024 is as follows (Unit: Korean Won in millions):

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 |
|  | Stage 1 | Stage 1 | Stage 2 | Stage 2 | | | | | |
|  | Above<br>appropriate<br>credit rating<br>(\*1) | Less than a<br>limited credit<br>rating<br>(\*2) | Above<br>appropriate<br>credit rating<br>(\*1) | Less than a<br>limited credit<br>rating<br>(\*2) |<br>Stage 3 |<br>Credit<br>impairment<br>model |<br>Total |<br>Loss<br>allowance |<br>Total, net |
|  Loans and other financial assets at amortized cost | 357279396 | 27962727 | 13035782 | 14087289 | 3666033 | 1126034 | 417157261 | (3704500) | 413452761 |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean treasury and government agencies | 957597 | 21 |  |  |  |  | 957618 | (506) | 957112 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banks | 41564266 | 10368 | 4947 |  | 45521 |  | 41625102 | (21981) | 41603121 |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporates | 144981601 | 20636258 | 2796157 | 5997923 | 2040803 | 1126034 | 177578776 | (2353294) | 175225482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General business | 100394657 | 11836571 | 2111726 | 4176995 | 1278581 |  | 119798530 | (1588176) | 118210354 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Small- and medium-sized enterprise | 33876986 | 7912936 | 605124 | 1565124 | 458575 |  | 44418745 | (508578) | 43910167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Project financing and others | 10709958 | 886751 | 79307 | 255804 | 303647 | 1126034 | 13361501 | (256540) | 13104961 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumers | 169775932 | 7316080 | 10234678 | 8089366 | 1579709 |  | 196995765 | (1328719) | 195667046 |
|  Securities at amortized cost | 18773180 |  |  |  |  |  | 18773180 | (10473) | 18762707 |
|  Financial assets at FVTOCI (\*3) | 38359616 | 152317 |  |  |  |  | 38511933 | (25522) | 38511933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 414412192 | 28115044 | 13035782 | 14087289 | 3666033 | 1126034 | 474442374 | (3740495) | 470727401 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 |
|  | Collateral value | Collateral value | Collateral value | Collateral value | Collateral value |
|  | Stage1 | Stage2 | Stage3 | Credit impairment<br>model | Total |
|  Loans and other financial assets at amortized cost | 238589245 | 22793457 | 1250709 | 1109747 | 263743158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korean treasury and government agencies | 50643 |  |  |  | 50643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banks | 2319577 |  |  |  | 2319577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporates | 97393437 | 7136393 | 763947 | 1109747 | 106403524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General business | 59249159 | 5417949 | 518883 |  | 65185991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Small- and medium-sized enterprise | 30149494 | 1476529 | 169423 |  | 31795446 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Project financing and others | 7994784 | 241915 | 75641 | 1109747 | 9422087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumers | 138825588 | 15657064 | 486762 |  | 154969414 |
|  Securities at amortized cost |  |  |  |  |  |
|  Financial assets at FVTOCI (\*3) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 238589245 | 22793457 | 1250709 | 1109747 | 263743158 |

---

(\*1) Credit grade of corporates are AAA ~ BBB, and consumers are grades 1 ~ 6.

(\*2) Credit grade of corporates are BBB- ~ C, and consumers are grades 7 ~ 10.

---

| | |
|:---|:---|
| (\*3) | Financial assets at FVTOCI have been disclosed as the amount before deducting loss allowance because loss allowance does not reduce the carrying amount.  |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Stage 1 | Stage 1 | Stage 2 | Stage 2 | | | | | |
|  | Above<br>appropriate<br>credit rating<br>(\*1) | Less than a<br>limited credit<br>rating<br>(\*2) | Above<br>appropriate<br>credit rating<br>(\*1) | Less than a<br>limited credit<br>rating<br>(\*2) |<br>Stage 3 |<br>Credit<br>impairment<br>model |<br>Total |<br>Loss<br>allowance |<br>Total, net |
|  Loans and other financial assets at amortized cost | 343186708 | 27086126 | 13280849 | 14344066 | 3003886 | 1147147 | 402048782 | (3576966) | 398471816 |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean treasury and government agencies | 229733 | 22 |  |  |  |  | 229755 | (629) | 229126 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banks | 23375096 | 115721 | 88306 |  | 36143 |  | 23615266 | (21953) | 23593313 |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporates | 150732338 | 19561385 | 3130814 | 6264461 | 1416152 | 1147147 | 182252297 | (2265446) | 179986851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General business | 103495951 | 11071283 | 2507705 | 4093868 | 807545 |  | 121976352 | (1409387) | 120566965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Small- and medium-sized enterprise | 35450353 | 7731142 | 500934 | 1870087 | 357881 |  | 45910397 | (586059) | 45324338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Project financing and others | 11786034 | 758960 | 122175 | 300506 | 250726 | 1147147 | 14365548 | (270000) | 14095548 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumers | 168849541 | 7408998 | 10061729 | 8079605 | 1551591 |  | 195951464 | (1288938) | 194662526 |
|  Securities at amortized cost | 19213940 |  |  |  |  |  | 19213940 | (10763) | 19203177 |
|  Financial assets at FVTOCI (\*3) | 42766477 | 156194 |  |  |  |  | 42922671 | (29084) | 42922671 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 405167125 | 27242320 | 13280849 | 14344066 | 3003886 | 1147147 | 464185393 | (3616813) | 460597664 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Collateral value | Collateral value | Collateral value | Collateral value | Collateral value |
|  | Stage1 | Stage2 | Stage3 | Credit impairment<br>model | Total |
|  Loans and other financial assets at amortized cost | 241378580 | 22815602 | 1070209 | 1137097 | 266401488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korean treasury and government agencies | 55775 |  |  |  | 55775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banks | 2474302 |  |  |  | 2474302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporates | 101666963 | 7536068 | 645842 | 1137097 | 110985970 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General business | 59099372 | 5578709 | 328802 |  | 65006883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Small- and medium-sized enterprise | 34401736 | 1729820 | 243513 |  | 36375069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Project financing and others | 8165855 | 227539 | 73527 | 1137097 | 9604018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumers | 137181540 | 15279534 | 424367 |  | 152885441 |
|  Securities at amortized cost |  |  |  |  |  |
|  Financial assets at FVTOCI (\*3) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 241378580 | 22815602 | 1070209 | 1137097 | 266401488 |

---

(\*1) Credit grade of corporates are AAA ~ BBB, and consumers are grades 1 ~ 6.

(\*2) Credit grade of corporates are BBB- ~ C, and consumers are grades 7 ~ 10.

---

| | |
|:---|:---|
| (\*3) | Financial assets at FVTOCI have been disclosed as the amount before deducting loss allowance because loss allowance does not reduce the carrying amount.  |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Payment Guarantees and commitments

The credit quality of the payment guarantees and loan commitments as of June 30, 2025 and December 31, 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 |
| Financial assets | Stage 1 | Stage 1 | Stage 2 | Stage 2 | Stage3 | Total |
| Financial assets | Above<br>appropriate<br>credit rating<br>(\*1) | Less than a<br>limited credit<br>rating<br>(\*2) | Above<br>appropriate<br>credit rating<br>(\*1) | Less than a<br>limited<br>credit rating<br>(\*2) | Stage3 | Total |
|  Off-balance accounts: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment Guarantees | 15162279 | 795684 | 21466 | 55295 | 14858 | 16049582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loan Commitments | 123841076 | 3671187 | 2792768 | 553555 | 23502 | 130882088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 139003355 | 4466871 | 2814234 | 608850 | 38360 | 146931670 |

---

(\*1) Credit grade of corporates are AAA ~ BBB, and consumers are grades 1 ~ 6.

(\*2) Credit grade of corporate are BBB- ~ C, and consumers are grades 7 ~ 10.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
| Financial assets | Stage 1 | Stage 1 | Stage 2 | Stage 2 | Stage3 | Total |
| Financial assets | Above<br>appropriate<br>credit rating<br>(\*1) | Less than a<br>limited credit<br>rating<br>(\*2) | Above<br>appropriate<br>credit rating<br>(\*1) | Less than a<br>limited<br>credit rating<br>(\*2) | Stage3 | Total |
|  Off-balance accounts: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment guarantees | 15679374 | 808182 | 41866 | 59688 | 22152 | 16611262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loan commitments | 127622889 | 3402602 | 2298056 | 502070 | 37971 | 133863588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 143302263 | 4210784 | 2339922 | 561758 | 60123 | 150474850 |

---

(\*1) Credit grade of corporates are AAA ~ BBB, and consumers are grades 1 ~ 6.

(\*2) Credit grade of corporate are BBB- ~ C, and consumers are grades 7 ~ 10.

5) Collateral and other credit enhancements

For the six-month period ended June 30, 2025, there have been no significant changes in the value of collateral or other credit enhancements held by the Group and there have been no significant changes in collateral or other credit enhancements due to changes in the collateral policy of the Group.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(2) Market risk

Market risk is the possible risk of loss arising from trading position and non-trading position as a result of the volatility of market factors such as interest rates, stock prices and foreign exchange rates.

1) Market risk management

Market risk management refers to the process of making and implementing decisions for the avoidance, acceptance or mitigation of risks by identifying the underlying source of the risks, measuring its level, and evaluating the appropriateness of the level of accepted market risks for both trading and non-trading activities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Trading activities

The Group uses the standard approach and internal model approach (Woori Bank) in measuring market risk for trading positions, and allocates market risk capital through the Board Risk Management Committee. Risk management departments of the Group and its subsidiaries manage limits in detail including those on risk and loss with their management result regularly reported to the Board Risk Management Committee.

Subsidiaries such as Woori Bank manage market internal capital limits using the Basel III standard approach, and other subsidiaries manage market risks by applying the simple method.

The Basel III standard approach consists of a sensitivity method that measures linear and nonlinear losses that may occur due to unfavorable fluctuations in market risk factors, bankruptcy risks that may occur due to sudden bankruptcy, and residual risk-bearing equity capital for other losses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Non-trading activities

From the end of 2019 for the Bank and the beginning of 2021 for non-banking subsidiaries, the Bank and its subsidiaries manage and measure interest risk for non-trading activities through ΔNII(Change in Net Interest Income) and ΔEVE(Change in Economic Value of Equity) in accordance with IRRBB(Interest Rate Risk in the Banking Book).

ΔNII represents a change in net interest income that may occur over a certain period (e.g. one year) due to changes in interest rates, and ΔEVE indicates the economic value changes in equity capital that could be caused by changes in interest rates affecting the present value of asset, liabilities, and off-balance accounts.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(3) Liquidity risk

Liquidity risk refers to the risk that the Group may encounter difficulties in meeting obligations from its financial liabilities.

1) Liquidity risk management

Liquidity risk management is to prevent potential cash shortages as a result of mismatching maturity of assets and liabilities or unexpected cash outflows. The consolidated financial liabilities that are relevant to liquidity risk are incorporated within the scope of risk management.

Assets and liabilities are grouped by account under Asset Liability Management ("ALM") in accordance with the characteristics of the account. The Group manages liquidity risk by identifying the maturity gap and such gap ratio through various cash flows analysis (i.e. based on remaining maturity and contract period, etc.), while maintaining the gap ratio at or below the target limit.

The information on early repayment related to asset securitization is described in Note 33. Contingent Liabilities and Commitments (4) 3).

2) Maturity analysis of non-derivative financial liabilities

Cash flows of principals and interests by remaining contractual maturities of non-derivative financial liabilities as of June 30, 2025 and December 31, 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 |
|  | Within 3<br>months | 4 to 6<br>months | 7 to 9<br>months | 10 to 12<br>months | 1 to 5<br>years | Over<br>5 years | Total |
|  Financial liabilities at FVTPL | 124325 | 19537 | 145404 | 150563 | 416267 | 32456 | 888552 |
|  Deposits due to customers | 244365599 | 53970636 | 32712264 | 26895591 | 15745088 | 1275526 | 374964704 |
|  Borrowings | 16017943 | 4906888 | 3495922 | 3250032 | 3961993 | 579622 | 32212400 |
|  Debentures | 4803273 | 3693527 | 5637172 | 3474213 | 32462072 | 2604156 | 52674413 |
|  Lease liabilities | 56288 | 49771 | 72182 | 37782 | 296296 | 33510 | 545829 |
|  Other financial liabilities (\*) | 28072035 | 129156 | 48470 | 39196 | 1206699 | 4196950 | 33692506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 293439463 | 62769515 | 42111414 | 33847377 | 54088415 | 8722220 | 494978404 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Within 3<br>months | 4 to 6<br>months | 7 to 9<br>months | 10 to 12<br>months | 1 to 5<br>years | Over<br>5 years | Total |
|  Financial liabilities at FVTPL | 74205 |  | 69534 | 112944 |  |  | 256683 |
|  Deposits due to customers | 237078927 | 41568072 | 33229547 | 43680907 | 16991574 | 1441654 | 373990681 |
|  Borrowings | 11589854 | 6676926 | 4781377 | 3676310 | 3561696 | 563870 | 30850033 |
|  Debentures | 4635557 | 5525191 | 4442376 | 3572533 | 30967974 | 2673592 | 51817223 |
|  Lease liabilities | 60099 | 49069 | 45534 | 40375 | 317971 | 50341 | 563389 |
|  Other financial liabilities (\*) | 19417326 | 108361 | 30995 | 27093 | 1118751 | 4287489 | 24990015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 272855968 | 53927619 | 42599363 | 51110162 | 52957966 | 9016946 | 482468024 |

---

(\*) Lease liabilities are not included.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

3) Maturity analysis of derivative financial liabilities

Derivatives held for trading purpose are not managed in accordance with their contractual maturity, since the Group holds such financial instruments with the purpose of disposing or redemption before their maturity. As such, those derivatives are incorporated as "within 3 months" in the table below. Derivatives designated for hedging purpose are estimated by offsetting cash inflows and cash outflows.

The cash flow by the maturity of derivative financial liabilities as of June 30, 2025 and December 31, 2024 is as follows (Unit: Korean Won in millions):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | Remaining maturity | Remaining maturity | Remaining maturity | Remaining maturity | Remaining maturity | Remaining maturity | Remaining maturity |
|  |  | Within 3<br>months | 4 to 6<br>months | 7 to 9<br>months | 10 to 12<br>months | 1 to 5<br>years | Over 5<br>years | Total |
|  June 30, 2025 | Cash flow risk hedge | (3207) | (1624) | (2364) | (1210) | 11794 |  | 3389 |
|  | Fair value risk hedge | 5303 | 25215 | 3185 | 9904 | 3313 | (10609) | 36311 |
|  | Trading purpose | 4251096 |  |  |  |  |  | 4251096 |
|  December 31, 2024 | Cash flow risk hedge | (219) | 193 | 31 | 62 | 207 |  | 274 |
|  | Fair value risk hedge | (6816) | 46231 | (11740) | 44950 | 35764 | (5834) | 102555 |
|  | Trading purpose | 9092098 |  |  |  |  |  | 9092098 |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

4) Maturity analysis of off-balance accounts (Payment guarantees, commitments, and etc.)

A financial guarantee represents an irrevocable undertaking that the Group should meet a customer's obligations to third parties if the customer fails to do so. The loan commitment represents the limit if the Group has promised a credit to the customer. Loan commitments include commercial standby facilities and credit lines, liquidity facilities to commercial paper conduits and utilized overdraft facilities. The maximum limit to be paid by the Group in accordance with guarantees and loan commitment only applies to principal amounts. There are contractual maturities for payment guarantees, such as financial guarantees for debentures issued or loans, unused loan commitments, and other credits, however, under the terms of the guarantees and unused loan commitments, funds should be paid upon demand from the counterparty. Details of off-balance accounts as of June 30, 2025 and December 31, 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | December 31, 2024 | December 31, 2024 |
|  Payment guarantees |  | 16049582 |  | 16611262 |
|  Loan commitments |  | 130882088 |  | 133863588 |
|  Other commitments |  | 4581824 |  | 4572323 |

---

(4) Operational risk

The Group defines the operational risk that could cause a negative effect on capital resulting from inadequate internal process, labor work and systematic problem or external factors.

1) Operational risk management

The Group has established and operated a group operational risk management system to cope with new Basel III global regulations, which is implemented since 2023, and the management of operational risks follows the procedures for risk recognition, evaluation, measurement, monitoring and reporting, risk control and mitigation.

2) Operational risk measurement

The Group measures operational risk capital using the Basel III standardized approach. This approach calculates the required operational risk capital by multiplying the Business Indicator Component (BIC), which represents the scale of operations, with the Internal Loss Multiplier (ILM), which reflects the magnitude of actual historical internal losses relative to the scale of operations.

Operational risk limits are set with the approval of the Board Risk Management Committee. The Group regularly calculates the operational risk capital and reports any limit breaches to the management and the Board Risk Management Committee.

Since a reduction in the size of internal loss events leads to a decrease in operational risk capital, it is important to prevent loss events in advance. Accordingly, the Group conducts operational risk management activities using tools such as Risk Control Self-Assessment (RCSA), Key Risk Indicators (KRI), and loss data. Additionally, to ensure continuity of operations in emergency situations such as disasters, the Bank has established a Business Continuity Plan (BCP) and conducts annual simulation drills.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**5.** **OPERATING SEGMENTS** 

In evaluating the results of the Group and allocating resources, the Group's Chief Operation Decision Maker ("CODM") utilizes the method of disclosing the financial information of the segments based on the organization of the Group. This financial information of the segments in this note is regularly reviewed by the CODM.

(1) Segment by type of organization

The Group's reporting segments consist of banking, credit card, capital, comprehensive finance and other sectors, and the composition of such reporting segments was divided based on internal report data periodically reviewed by the management to evaluate the performance of the segment and make decisions on the resources to be distributed.

---

| | |
|:---|:---|
|  | Operational scope |
| Banking | Loans/deposits and relevant services for customers of Woori Bank |
| Credit card | Credit card, cash services, card loans and accompanying business of Woori Card Co., Ltd. |
| Capital | Installments, loans including lease financing, and accompanying business of Woori Financial Capital Co., Ltd. |
| Investment securities | Securities operation, sale of financial instruments, project financing and other related activities for investment securities of Woori Investment Securities Co., Ltd. |
|  Others | Woori Financial Group Inc., Woori Asset Trust Co., Ltd., Woori Asset Management Corp., Ltd., Woori Financial F&I Co., Ltd., Woori Savings Bank., Woori Credit Information Co., Ltd., Woori Fund Services Co., Ltd., Woori Private Equity Asset Management Co., Ltd., Woori FIS Co., Ltd. and Woori Finance Research Institute, Woori Venture Partners Co., Ltd. |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(2) The composition of each organization's sectors for the six-month periods ended June 30, 2025 and 2024 are
as follows (Unit: Korean Won in millions):

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Banking(\*1) | Credit card | Capital | Investment<br>securities | Others (\*2) | Sub-total | Other<br>adjustments<br>(\*3) | Internal<br>adjustments<br>(\*4) | Consolidated<br>Adjustments<br>(\*5) | Total |
|  Net interest income | 3344244 | 372330 | 105303 | 52812 | 45222 | 3919911 | 75733 | 518610 | (446) | 4513808 |
|  Non-interest income (expense) | 1167531 | 100001 | 92056 | 39642 | 1575986 | 2975216 | (6007) | (469732) | (1613175) | 886302 |
|  Impairment losses due to credit loss | (493562) | (208299) | (59859) | (15531) | (119563) | (896814) | 2516 | (49023) | 11 | (943310) |
|  General and administrative expense | (2101559) | (146299) | (48910) | (62107) | (214539) | (2573414) | (316) |  | 94644 | (2479086) |
|  Net operating income (expense) | 1916654 | 117733 | 88590 | 14816 | 1287106 | 3424899 | 71926 | (145) | (1518966) | 1977714 |
|  Share of gain of associates | 14593 |  | (281) | 86 | 50201 | 64599 | 1697 |  | 5392 | 71688 |
|  Other non-operating expense | 18770 | (15105) | 63 | 60 | 1474 | 5262 | 929 | 145 | (4658) | 1678 |
|  Non-operating income (expense) | 33363 | (15105) | (218) | 146 | 51675 | 69861 | 2626 | 145 | 734 | 73366 |
|  Net income (expense) before tax | 1950017 | 102628 | 88372 | 14962 | 1338781 | 3494760 | 74552 |  | (1518232) | 2051080 |
|  Tax expense | (398096) | (25975) | (21021) | 2181 | (15500) | (458411) |  |  | 1630 | (456781) |
|  Net income (loss) | 1551921 | 76653 | 67351 | 17143 | 1323281 | 3036349 | 74552 |  | (1516602) | 1594299 |
|  Total assets | 494291954 | 15950697 | 12497825 | 8577865 | 31898314 | 563216655 | 3545934 |  | (32649813) | 534112776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in associate | 1056906 |  | 32602 | 3138 | 24536539 | 25629185 | 4416 |  | (23857237) | 1776364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other assets | 493235048 | 15950697 | 12465223 | 8574727 | 7361775 | 537587470 | 3541518 |  | (8792576) | 532336412 |
|  Total liabilities | 465742436 | 13145609 | 10738266 | 7398438 | 5890561 | 502915310 | 71928 |  | (4589980) | 498397258 |

---

(\*1) The banking sector includes banks and their consolidated subsidiaries (such as overseas subsidiaries).

---

| | |
|:---|:---|
| (\*2) | Other segments include gains and losses from Woori Financial Group Inc., Woori Asset Trust Co., Ltd., Woori Savings Bank, Woori Asset Management Corp., Woori Financial F&I Co., Ltd., Woori Credit Information Co., Ltd., Woori Fund Service Co., Ltd., Woori Private Equity Asset Management Co., Ltd., Woori FIS Co., Ltd., Woori Finance Research Institute and Woori Venture Partners Co., Ltd.  |

---

(\*3) Other segments include the funds subject to Group's consolidation not included in the reporting segment.

---

| | |
|:---|:---|
| (\*4) | Internal reconciliation includes the adjustment of deposit insurance premiums of 256,582 million Won and fund contribution fees of 262,256 million Won from net interest income expenses to non-interest income expenses in order to present the profit and loss adjustment between reporting divisions in accordance with management accounting standards as profit and loss in accordance with accounting standards.  |

---

---

| | |
|:---|:---|
| (\*5) | Consolidation adjustments include the elimination of 68,660 million Won of internal transactions between Woori FIS Co., Ltd., the group's IT service agency, and affiliates, and the removal of 1,435,418 million Won of dividends received by the holding company from its subsidiaries.  |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Banking(\*1) | Credit card | Capital | Investment<br>securities | Others (\*2) | Sub-total | Other<br>adjustments<br>(\*3) | Internal<br>adjustments<br>(\*4) | Consolidated<br>Adjustments<br>(\*5) | Total |
|  Net interest income | 3253705 | 335018 | 123355 | 59052 | 58929 | 3830059 | 58989 | 507964 | (1913) | 4395099 |
|  Non-interest income (expense) | 1016000 | 85129 | 65238 | 23999 | 1407518 | 2597884 | 57799 | (329335) | (1440959) | 885389 |
|  Impairment losses due to credit loss | (273762) | (168515) | (38943) | (50072) | (65751) | (597043) |  | (178993) | 544 | (775492) |
|  General and administrative expense | (1761374) | (141517) | (44429) | (27855) | (218004) | (2193179) | (625) |  | 92817 | (2100987) |
|  Net operating income (expense) | 2234569 | 110115 | 105221 | 5124 | 1182692 | 3637721 | 116163 | (364) | (1349511) | 2404009 |
|  Share of gain of associates | 24387 |  | (725) | 117 | (3393) | 20386 | (31) |  | 19276 | 39631 |
|  Other non-operating expense | (48218) | (2156) | (39) | (278) | 13401 | (37290) | 1943 | 364 | (17798) | (52781) |
|  Non-operating income (expense) | (23831) | (2156) | (764) | (161) | 10008 | (16904) | 1912 | 364 | 1478 | (13150) |
|  Net income (expense) before tax | 2210738 | 107959 | 104457 | 4963 | 1192700 | 3620817 | 118075 |  | (1348033) | 2390859 |
|  Tax expense | (531922) | (23660) | (24603) | (1141) | (11676) | (593002) |  |  | 2563 | (590439) |
|  Net income (loss) | 1678816 | 84299 | 79854 | 3822 | 1181024 | 3027815 | 118075 |  | (1345470) | 1800420 |
|  Total assets | 468915086 | 16571401 | 12564864 | 6676326 | 31338220 | 536065897 | 3272162 |  | (30556894) | 508781165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment in associate | 1033906 |  | 33988 | 4538 | 24324264 | 25396696 | 24180 |  | (23521595) | 1899281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other assets | 467881180 | 16571401 | 12530876 | 6671788 | 7013956 | 510669201 | 3247982 |  | (7035299) | 506881884 |
|  Total liabilities | 441651445 | 13852526 | 10894300 | 5566870 | 4465747 | 476430888 | 115984 |  | (2913321) | 473633551 |

---

(\*1) The banking sector includes banks and their consolidated subsidiaries(such as overseas subsidiaries).

---

| | |
|:---|:---|
| (\*2) | Other segments include gains and losses from Woori Financial Group Inc., Woori Asset Trust Co., Ltd., Woori Savings Bank, Woori Asset Management Corp., Woori Financial F&I Co., Ltd., Woori Credit Information Co., Ltd., Woori Fund Service Co., Ltd., Woori Private Equity Asset Management Co., Ltd., Woori FIS Co., Ltd., Woori Finance Research Institute and Woori Venture Partners Co., Ltd.  |

---

(\*3) Other segments include the funds subject to Group's consolidation not included in the reporting segment.

---

| | |
|:---|:---|
| (\*4) | Internal reconciliation includes the adjustment of deposit insurance premiums of 247,185 million Won and fund contribution fees of 261,000 million Won from net interest income expenses to non-interest income expenses in order to present the profit and loss adjustment between reporting divisions in accordance with management accounting standards as profit and loss in accordance with accounting standards.  |

---

---

| | |
|:---|:---|
| (\*5) | Consolidation adjustments include the elimination of 90,726 million Won of internal transactions between Woori FIS Co., Ltd., the group's IT service agency, and affiliates, and the removal of 1,195,721 million Won of dividends received by the holding company from its subsidiaries.  |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(3) Operating profit or loss from external customers for the six-month periods ended June 30, 2025 and 2024 are as
follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the six-month periods ended June 30 | For the six-month periods ended June 30 |
| Details | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2024 |
|  Domestic | 1827766 | 2162080 |
|  Foreign | 149948 | 241929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 1977714 | 2404009 |

---

(4) Major non-current assets as of June 30, 2025 and December 31,
2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
| Details (\*) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;June 30, 2025 | December 31, 2024 |
|  Domestic | 6016078 | 6068817 |
|  Foreign | 547449 | 592768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 6563527 | 6661585 |

---

(\*) Major non-current assets included joint ventures and related business investments, investment properties, Premises and equipment, and intangible assets.

(5) Information about major customers

The Group does not have any single customer that generates 10% or more of the Group's total revenue for the six-month periods ended June 30, 2025 and 2024.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**6.** **STATEMENTS OF CASH FLOWS** 

(1) Details of cash and cash equivalents are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | June 30, 2025 | December 31, 2024 |
|  Cash | 1635658 | 1661517 |
|  Foreign currencies | 651157 | 812026 |
|  Demand deposits | 27617552 | 24634075 |
|  Fixed deposits | 104132 | 173505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 30008499 | 27281123 |

---

(2) Details of restricted cash and cash equivalents are as follows (Unit: Korean Won in millions)

---

| | | | |
|:---|:---|:---|:---|
|  | Counterparty | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;June 30, 2025 | Reason of restriction |
|  Due from banks in local currency: | Due from banks in local currency: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from BOK | BOK | 12483501 | Reserve deposits under the BOK Act |
|  Due from banks in foreign currencies: | Due from banks in foreign currencies: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from banks on demand | BOK and others | 4367885 | Reserve deposits etc. |
|  Total | Total | 16851386 |  |

---

---

| | | | |
|:---|:---|:---|:---|
|  | Counterparty | December 31, 2024 | Reason of restriction |
|  Due from banks in local currency: | Due from banks in local currency: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from BOK | BOK | 9712194 | Reserve deposits under the BOK Act |
|  Due from banks in foreign currencies: | Due from banks in foreign currencies: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from banks on demand | BOK and others | 2954868 | Reserve deposits etc. |
|  Total | Total | 12667062 |  |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**7.** **FINANCIAL ASSETS AT FVTPL** 

(1) Details of financial assets at FVTPL as of June 30, 2025 and December 31, 2024 are as follows (Unit:
Korean Won in millions):

<u>June 30, 2025</u> <u>December 31, 2024</u> <br> Financial assets at fair value through profit or loss 20,919,935 25,202,672

(2) Financial assets at fair value through profit or loss as of June 30, 2025 and December 31, 2024 are
as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | June 30, 2025 | December 31, 2024 |
|  Deposits: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gold banking asset | 116957 | 73951 |
|  Securities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debt securities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korean treasury and government agencies | 5541493 | 5053592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial institutions | 899112 | 1193809 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporates | 499902 | 348929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities loaned | 78951 | 12361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 213425 | 192597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 435746 | 421313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital contributions | 2909633 | 2857698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beneficiary certificates | 5105891 | 4563102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 233358 | 236595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 15917511 | 14879996 |
|  Loans | 267949 | 104177 |
|  Derivatives assets | 4536949 | 10094532 |
|  Other financial assets | 80569 | 50016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 20919935 | 25202672 |

---

The Group does not have financial assets at fair value through profit or loss designated as upon initial recognition as of June 30, 2025 and December 31, 2024.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**8.** **FINANCIAL ASSETS AT FVTOCI** 

(1) Details of financial assets at FVTOCI as of June 30, 2025 and December 31, 2024 are as follows (Unit: Korean
Won in millions):

---

| | | |
|:---|:---|:---|
|  | June 30, 2025 | December 31, 2024 |
|  Debt securities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korean treasury and government agencies | 8950614 | 7787052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial institutions | 21017054 | 25339937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporates | 3034443 | 3032609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bond denominated in foreign currencies | 5433558 | 6763073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities loaned | 38720 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 38474389 | 42922671 |
|  Equity securities | 896007 | 875074 |
|  Loans | 37544 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 39407940 | 43797745 |

---

(2) Details of equity securities designated as financial assets at FVTOCI as of June 30, 2025 and December 31, 2024
are as follows (Unit: Korean Won in millions):

---

| | | | |
|:---|:---|:---|:---|
| Purpose of acquisition | June 30, 2025 | December 31, 2024 | Remarks |
|  Investment for strategic business partnership purpose | 798089 | 766900 |  |
|  Debt-equity swap | 97912 | 108168 |  |
|  Others | 6 | 6 | Insurance for mutual aid<br>association, etc. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 896007 | 875074 |  |

---

(3) Changes in the loss allowance and gross carrying amount of financial assets at FVTOCI are as follows (Unit:
Korean Won in millions):

1) Loss allowance

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | (29084) |  |  | (29084) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision of loss allowance | (489) |  |  | (489) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal | 3618 |  |  | 3618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | 433 |  |  | 433 |
|  Ending balance | (25522) |  |  | (25522) |

---

(\*) Others consist of foreign currencies translation, etc.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | (27379) |  |  | (27379) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision of loss allowance | (3482) |  |  | (3482) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal | 2760 |  |  | 2760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | 154 |  |  | 154 |
|  Ending balance | (27947) |  |  | (27947) |

---

(\*) Others consist of foreign currencies translation, etc.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

2) Gross carrying amount 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 42922671 |  |  | 42922671 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition | 14255274 |  |  | 14255274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal / Recovery | (18381141) |  |  | (18381141) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain (loss) on valuation | 88888 |  |  | 88888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization based on effective interest method | 71855 |  |  | 71855 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | (445614) |  |  | (445614) |
|  Ending balance | 38511933 |  |  | 38511933 |

---

(\*) Others consist of foreign currencies translation, etc.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 36694111 |  |  | 36694111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition | 14525101 |  |  | 14525101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal / Recovery | (13971840) |  |  | (13971840) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain (loss) on valuation | 58565 |  |  | 58565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization based on effective interest method | 67560 |  |  | 67560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | 404538 |  |  | 404538 |
|  Ending balance | 37778035 |  |  | 37778035 |

---

(\*) Others consist of foreign currencies translation, etc.

(4) During six-month period ended June 30, 2025, the Group sold its equity securities., designated as financial
assets at FVTOCI in accordance with disposal of Shares Acquired through Debt-to-Equity Swap, etc., and the fair values at disposal dates were 10,193 million Won, and cumulative losses at disposal dates were 2,483 million Won. During six-month
periods ended June 30, 2024, the Group sold its equity securities designated as financial assets at FVTOCI in accordance with decision of disposal by the creditors, and the fair values at disposal dates were 1,437 million Won, and cumulative losses
at disposal dates were 674 million Won.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**9.** **SECURITIES AT AMORTIZED COST** 

(1) Details of securities at amortized cost as of June 30, 2025 and December 31, 2024 are as follows
(Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | June 30, 2025 | December 31, 2024 |
|  Korean treasury and government agencies | 8824486 | 7646463 |
|  Financial institutions | 3586669 | 4004011 |
|  Corporates | 4988852 | 5997996 |
|  Bond denominated in foreign currencies | 1373173 | 1555470 |
|  Others |  | 10000 |
|  Allowance for credit losses | (10473) | (10763) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 18762707 | 19203177 |

---

(2) Changes in the loss allowance and gross carrying amount of securities at amortized cost are as follows (Unit:
Korean Won in millions):

1) Loss allowance

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | (10763) |  |  | (10763) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net provision of loss allowance | 217 |  |  | 217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | 73 |  |  | 73 |
|  Ending balance | (10473) |  |  | (10473) |

---

(\*) Others consist of foreign currencies translation, etc.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | (13941) |  |  | (13941) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net reversal of loss allowance | 811 |  |  | 811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | (63) |  |  | (63) |
|  Ending balance | (13193) |  |  | (13193) |

---

(\*) Others consist of foreign currencies translation, etc.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

2) Gross carrying amount 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 19213940 |  |  | 19213940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition | 2473315 |  |  | 2473315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal / Recovery | (2871657) |  |  | (2871657) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization based on effective interest method | 55400 |  |  | 55400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | (97818) |  |  | (97818) |
|  Ending balance | 18773180 |  |  | 18773180 |

---

(\*) Others consist of foreign currencies translation, etc.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 24010113 |  |  | 24010113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition | 502737 |  |  | 502737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal / Recovery | (2245188) |  |  | (2245188) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization based on effective interest method | 39473 |  |  | 39473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | 114817 |  |  | 114817 |
|  Ending balance | 22421952 |  |  | 22421952 |

---

(\*) Others consist of foreign currencies translation, etc.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**10.** **LOANS AND OTHER FINANCIAL ASSETS AT AMORTIZED COST** 

(1) Details of loans and other financial assets at amortized cost as of June 30, 2025 and December 31,
2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | June 30, 2025 | December 31, 2024 |
|  Due from banks | 1933134 | 2630604 |
|  Loans | 389125772 | 386069294 |
|  Other financial assets | 22393855 | 9771918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 413452761 | 398471816 |

---

(2) Details of due from banks are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | June 30, 2025 | December 31, 2024 |
|  Due from banks in local currency: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from depository banks | 98608 | 200366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from non-depository institutions | 246 | 152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due for securities trading | 171845 | 239222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 72355 | 72314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss allowance | (6) | (4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 343048 | 512050 |
|  Due from banks in foreign currencies: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from banks on demand | 161413 | 177886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from banks on time | 120247 | 193654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 1311332 | 1753337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss allowance | (2906) | (6323) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 1590086 | 2118554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 1933134 | 2630604 |

---

(3) Details of restricted due from banks are as follows (Unit: Korean Won in millions):

---

| | | | |
|:---|:---|:---|:---|
|  | Counterparty | June 30, 2025 | Reason of restriction |
|  Due from banks in local currency: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | Korea Federation of Savings Bank and others | 77734 | Reserve deposits |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities trading | Korea Exchange Co.,Ltd. and Korea Securities Finance Corporation and others | 171855 | Customer deposit refund reserve, futures trading margin and others |
|  | Sub-total | 249589 |  |
|  Due from banks in foreign currencies: | Due from banks in foreign currencies: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from banks on demand | National Bank of Cambodia and others | 157466 | Reserve deposits and others |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | Goldman Sachs Intl., Lon and others | 684316 | CSA collateral and others |
|  | Sub-total | 841782 |  |
|  | Total | 1091371 |  |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | |
|:---|:---|:---|:---|
|  | Counterparty | December 31, 2024 | Reason of restriction |
|  Due from banks in local currency: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | Korea Federation of Savings Bank and others | 77835 | Reserve deposits |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities trading | Korea Securities Finance Corporation | 238445 | Customer deposit refund reserve and futures trading margin and others |
|  | Sub-total | 316280 |  |
|  Due from banks in foreign currencies: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from banks on demand | National Bank of Cambodia and others | 169064 | Reserve deposits and others |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from banks on time | National Bank of Cambodia | 284 | Usage deposits for fund settlement system and others |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | BNP-PARIBAS, PAR and others | 1093853 | CSA collateral and others |
|  | Sub-total | 1263201 |  |
|  | Total | 1579481 |  |

---

(4) Changes in the loss allowance and gross carrying amount of due from banks are as follows (Unit: Korean Won in
millions):

1) Allowance for credit losses

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | (6327) |  |  | (6327) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal for allowance for credit loss | 3379 |  |  | 3379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | 36 |  |  | 36 |
|  Ending balance | (2912) |  |  | (2912) |

---

(\*) Changes due to foreign currencies translation, etc.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | (15846) |  |  | (15846) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal for allowance for credit loss | 1335 |  |  | 1335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | (1326) |  |  | (1326) |
|  Ending balance | (15837) |  |  | (15837) |

---

(\*) Changes due to foreign currencies translation, etc.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

2) Gross carrying amount 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 2636931 |  |  | 2636931 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net decrease | (627354) |  |  | (627354) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | (73531) |  |  | (73531) |
|  Ending balance | 1936046 |  |  | 1936046 |

---

(\*) Changes due to foreign currencies translation, etc.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 1966419 |  |  | 1966419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase(decrease) | 715187 |  |  | 715187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | 64812 |  |  | 64812 |
|  Ending balance | 2746418 |  |  | 2746418 |

---

(\*) Changes due to foreign currencies translation, etc.

(5) Details of loans are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | June 30, 2025 | December 31, 2024 |
|  Loans in local currency | 314571191 | 315597374 |
|  Loans in foreign currencies | 31337447 | 33166984 |
|  Domestic banker's usance | 2672488 | 2803761 |
|  Credit card accounts | 12125262 | 12488523 |
|  Bills bought in foreign currencies | 2700580 | 4328404 |
|  Bills bought in local currency | 30875 | 224835 |
|  Factoring receivables | 5595 | 5994 |
|  Advances for customers on guarantees | 24106 | 9814 |
|  Private placement bonds | 377174 | 444900 |
|  Securitized loans | 3120716 | 3300876 |
|  Call loans | 2376634 | 1847376 |
|  Bonds purchased under resale agreements | 18743155 | 10551018 |
|  Financial lease receivables | 1028516 | 1106912 |
|  Installment financial bond | 2451156 | 2620534 |
|  Others | 63893 |  |
|  Loan origination costs and fees | 918301 | 938886 |
|  Discounted present value | (8504) | (9272) |
|  Allowance for credit losses | (3412813) | (3357625) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 389125772 | 386069294 |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(6) Changes in the loss allowance of loans are as follows (Unit: Korean Won in millions):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Consumers | Consumers | Consumers | Corporates | Corporates | Corporates | Corporates |
|  | Stage 1 | Stage 2 | Stage 3 | Stage 1 | Stage 2 | Stage 3 | Credit<br>impairment<br>model |
|  Beginning balance | (228330) | (148315) | (280125) | (971499) | (699646) | (625921) | (7295) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | (32235) | 29452 | 2783 | (77060) | 71646 | 5414 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | 20478 | (23348) | 2870 | 40794 | (45222) | 4428 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | 6608 | 17003 | (23611) | 53571 | 109025 | (162596) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net reversal(provision) of allowance for credit losses | 35669 | (45775) | (155624) | (14002) | 65907 | (525019) | (2713) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recovery |  |  | (22436) |  |  | (14815) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge-off |  |  | 125125 |  |  | 282735 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal | 15 | 599 | 44115 | 4 | 1368 | 129635 | 3205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income from impaired loans |  |  | 8071 |  |  | 15571 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | (678) | 721 | 1995 | 14649 | (4440) | 45461 | (2582) |
|  Ending balance | (198473) | (169663) | (296837) | (953543) | (501362) | (845107) | (9385) |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Credit card accounts | Credit card accounts | Credit card accounts | Total | Total | Total | Total |
|  | Stage 1 | Stage 2 | Stage 3 | Stage 1 | Stage 2 | Stage 3 | Credit<br>impairment<br>model |
|  Beginning balance | (123297) | (115030) | (158167) | (1323126) | (962991) | (1064213) | (7295) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | (32765) | 32645 | 120 | (142060) | 133743 | 8317 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | 9354 | (10601) | 1247 | 70626 | (79171) | 8545 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | 2771 | 9112 | (11883) | 62950 | 135140 | (198090) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net reversal(provision) of allowance for credit losses | 12802 | (26592) | (213900) | 34469 | (6460) | (894543) | (2713) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recovery |  |  | (12052) |  |  | (49303) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge-off |  |  | 164556 |  |  | 572416 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal |  |  | 33237 | 19 | 1967 | 206987 | 3205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income from impaired loans |  |  |  |  |  | 23642 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others |  |  |  | 13971 | (3719) | 47456 | (2582) |
|  Ending balance | (131135) | (110466) | (196842) | (1283151) | (781491) | (1338786) | (9385) |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Consumers | Consumers | Consumers | Corporates | Corporates | Corporates | Corporates |
|  | Stage 1 | Stage 2 | Stage 3 | Stage 1 | Stage 2 | Stage 3 | Credit<br>impairment<br>model |
|  Beginning balance | (196845) | (134002) | (220845) | (947688) | (762644) | (363703) | (89) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | (27353) | 25393 | 1960 | (64492) | 64102 | 390 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | 15387 | (19003) | 3616 | 37586 | (40216) | 2630 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | 5986 | 21917 | (27903) | 47005 | 128542 | (175547) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net reversal(provision) of allowance for credit losses | 3645 | (25332) | (205013) | (43224) | (74014) | (232323) | (612) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recovery |  |  | (35896) |  |  | (18356) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge-off |  |  | 140360 |  |  | 110062 | 178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal | 9 | 314 | 34047 | 17 | 1981 | 121409 | 256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income from impaired loans |  |  | 7343 |  |  | 10839 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | (944) | 280 | 23850 | (4104) | 462 | 432 |  |
|  Ending balance | (200115) | (130433) | (278481) | (974900) | (681787) | (544167) | (267) |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Credit card accounts | Credit card accounts | Credit card accounts | Total | Total | Total | Total |
|  | Stage 1 | Stage 2 | Stage 3 | Stage 1 | Stage 2 | Stage 3 | Credit<br>impairment<br>model |
|  Beginning balance | (97734) | (118112) | (133398) | (1242267) | (1014758) | (717946) | (89) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | (28441) | 28352 | 89 | (120286) | 117847 | 2439 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | 9527 | (10164) | 637 | 62500 | (69383) | 6883 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | 2340 | 10118 | (12458) | 55331 | 160577 | (215908) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net reversal(provision) of allowance for credit losses | 13723 | (27166) | (174691) | (25856) | (126512) | (612027) | (612) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recovery |  |  | (13339) |  |  | (67591) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge-off |  |  | 125773 |  |  | 376195 | 178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal |  |  | 27823 | 26 | 2295 | 183279 | 256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income from impaired loans |  |  |  |  |  | 18182 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others |  |  |  | (5048) | 742 | 24282 |  |
|  Ending balance | (100585) | (116972) | (179564) | (1275600) | (929192) | (1002212) | (267) |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(7) Changes in the gross carrying amount of loans are as follows (Unit: Korean Won in millions):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Consumers | Consumers | Consumers | Corporates | Corporates | Corporates | Corporates |
|  | Stage 1 | Stage 2 | Stage 3 | Stage 1 | Stage 2 | Stage 3 | Credit<br>impairment<br>model |
|  Beginning balance | 141003546 | 15063902 | 781868 | 206025023 | 11425641 | 1491816 | 1147147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | 3975175 | (3964479) | (10696) | 2774928 | (2763660) | (11268) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | (5948290) | 5977116 | (28826) | (4148571) | 4162615 | (14044) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | (203121) | (225702) | 428823 | (580776) | (554468) | 1135244 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge-off |  |  | (125125) |  |  | (282735) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal | (117) | (1425) | (130042) | (16) | (4678) | (451388) | (3205) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase(decrease) | 4132003 | (1386331) | (101528) | 3284994 | (1518470) | 77943 | (17908) |
|  Ending balance | 142959196 | 15463081 | 814474 | 207355582 | 10746980 | 1945568 | 1126034 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Credit card accounts | Credit card accounts | Credit card accounts | Total | Total | Total | Total |
|  | Stage 1 | Stage 2 | Stage 3 | Stage 1 | Stage 2 | Stage 3 | Credit<br>impairment<br>model |
|  Beginning balance | 11171885 | 1036118 | 279973 | 358200454 | 27525661 | 2553657 | 1147147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | 434448 | (434254) | (194) | 7184551 | (7162393) | (22158) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | (435230) | 437067 | (1837) | (10532091) | 10576798 | (44707) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | (89238) | (51608) | 140846 | (873135) | (831778) | 1704913 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge-off |  |  | (164556) |  |  | (572416) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal |  |  | (54202) | (133) | (6103) | (635632) | (3205) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase(decrease) | (109222) | (166812) | 134486 | 7307775 | (3071613) | 110901 | (17908) |
|  Ending balance | 10972643 | 820511 | 334516 | 361287421 | 27030572 | 3094558 | 1126034 |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Consumers | Consumers | Consumers | Corporates | Corporates | Corporates | Corporates |
|  | Stage 1 | Stage 2 | Stage 3 | Stage 1 | Stage 2 | Stage 3 | Credit<br>impairment<br>model |
|  Beginning balance | 132812981 | 14714396 | 642086 | 188612028 | 10621387 | 856844 | 768487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | 4345099 | (4334165) | (10934) | 2227211 | (2225117) | (2094) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | (5638033) | 5670778 | (32745) | (4086235) | 4093977 | (7742) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | (177639) | (204885) | 382524 | (516214) | (624092) | 1140306 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge-off |  |  | (140360) |  |  | (110062) | (178) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal | (35) | (9139) | (136405) | (82) | (8197) | (396057) | (112665) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase(decrease) | 2049586 | (1160853) | 37799 | 13541684 | (1119187) | (35816) | 631995 |
|  Ending balance | 133391959 | 14676132 | 741965 | 199778392 | 10738771 | 1445379 | 1287639 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Credit card receivables | Credit card receivables | Credit card receivables | Total | Total | Total | Total |
|  | Stage 1 | Stage 2 | Stage 3 | Stage 1 | Stage 2 | Stage 3 | Credit<br>impairment<br>model |
|  Beginning balance | 11287068 | 983611 | 253351 | 332712077 | 26319394 | 1752281 | 768487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | 303339 | (303209) | (130) | 6875649 | (6862491) | (13158) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | (545213) | 546135 | (922) | (10269481) | 10310890 | (41409) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | (76382) | (55380) | 131762 | (770235) | (884357) | 1654592 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge-off |  |  | (125773) |  |  | (376195) | (178) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal |  |  | (53742) | (117) | (17336) | (586204) | (112665) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase(decrease) | (436667) | (115285) | 99685 | 15154603 | (2395325) | 101668 | 631995 |
|  Ending balance | 10532145 | 1055872 | 304231 | 343702496 | 26470775 | 2491575 | 1287639 |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(8) Details of other financial assets are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | June 30, 2025 | December 31, 2024 |
|  Cash Management Account asset (CMA asset) | 115000 | 120000 |
|  Receivables | 18662271 | 6411884 |
|  Accrued income | 1913526 | 1779310 |
|  Telex and telephone subscription rights and refundable deposits | 752092 | 778986 |
|  Domestic exchange settlement debit | 793928 | 441992 |
|  Other assets | 445813 | 452760 |
|  Allowance for credit losses | (288775) | (213014) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 22393855 | 9771918 |

---

(9) Changes in the allowances for credit losses on other financial assets are as follows (Unit: Korean Won in
millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | (20934) | (22020) | (170060) | (213014) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | (1032) | 467 | 565 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | 277 | (339) | 62 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | 274 | 2168 | (2442) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal (provision) of loss allowance | 2010 | 5054 | (91852) | (84788) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge-off |  |  | 7019 | 7019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal |  |  | 611 | 611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 1407 | 172 | (182) | 1397 |
|  Ending balance | (17998) | (14498) | (256279) | (288775) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | (9019) | (17062) | (130199) | (156280) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | (464) | 445 | 19 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | 293 | (343) | 50 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | 1711 | 6463 | (8174) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal (provision) of loss allowance | (184) | (1837) | (13753) | (15774) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge-off |  |  | 2447 | 2447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal |  |  | 1115 | 1115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 24 | (4) | (9395) | (9375) |
|  Ending balance | (7639) | (12338) | (157890) | (177867) |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(10) Changes in the gross carrying amount of other financial assets are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 9435449 | 99254 | 450229 | 9984932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | 17924 | (15509) | (2415) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | (23818) | 23886 | (68) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | (7128) | (11357) | 18485 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge-off |  |  | (7019) | (7019) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal |  |  | (674) | (674) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) | 12596229 | (3775) | 112937 | 12705391 |
|  Ending balance | 22018656 | 92499 | 571475 | 22682630 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 12510625 | 111898 | 154153 | 12776676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | 18447 | (18413) | (34) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | (30468) | 30533 | (65) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | (7344) | (19533) | 26877 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge-off |  |  | (2447) | (2447) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal |  | (3) | (1497) | (1500) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) | 1270544 | 17653 | 15230 | 1303427 |
|  Ending balance | 13761804 | 122135 | 192217 | 14076156 |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**11.** **FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES** 

(1) The fair value hierarchy

The fair value hierarchy for financial instruments is determined by the amount of observable market data. The specific financial instruments characteristics and market condition such as the existence of the transactions among market participants and transparency are reflected to the market observable inputs. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities. The Group maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring the fair value of its financial assets and financial liabilities. Fair value is measured based on the perspective of a market participant. As such, even when market assumptions are not readily available, the Group's own assumptions reflect those that market participants would use for measuring the assets or liabilities at the measurement date.

The fair value measurement is described in the one of the following three levels used to classify fair value measurements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 - fair value measurements are those derived from quoted prices (unadjusted) in active markets for
identical assets or liabilities. The types of financial assets or liabilities generally included in Level 1 are publicly traded equity securities, derivatives, and debt securities issued by governmental bodies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 - fair value measurements are those derived from inputs other than quoted prices included within Level 1
that are observable for the asset or liability, either directly (i.e. prices) or indirectly (i.e. derived from prices). The types of financial assets or liabilities generally included in Level 2 are debt securities not traded in active markets and
derivatives traded in OTC but not required significant judgment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 - fair value measurements are those derived from valuation technique that include inputs for the assets
or liabilities that are not based on observable market data (unobservable inputs). The types of financial assets or liabilities generally included in Level 3 are non-public securities and derivatives and debt securities of which valuation techniques
require significant judgments and subjectivity.

The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Group's assessment of the significance of a particular input to a fair value measurement in its entirety requires judgment and consideration of inherent factors of the asset or liability.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(2) Fair value hierarchy of financial assets and liabilities measured at fair value are as follows (Unit: Korean
Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 |
|  | Level 1 (\*) | Level 2 (\*) | Level 3 | Total |
|  Financial assets: |  |  |  |  |
|  Financial assets at FVTPL |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits | 116957 |  |  | 116957 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debt securities | 4564937 | 2624812 | 43134 | 7232883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 30717 |  | 405029 | 435746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital contributions |  | 3009 | 2906624 | 2909633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beneficiary certificates | 228036 | 2721745 | 2156110 | 5105891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans |  | 217583 | 50366 | 267949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets |  | 4535733 | 1216 | 4536949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial assets in foreign currency |  |  | 78852 | 78852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others |  |  | 235075 | 235075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 4940647 | 10102882 | 5876406 | 20919935 |
|  Financial assets at FVTOCI |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debt securities | 13831637 | 24642752 |  | 38474389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 319106 |  | 576901 | 896007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans |  |  | 37544 | 37544 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 14150743 | 24642752 | 614445 | 39407940 |
|  Derivative assets (designated for hedging) |  | 121375 |  | 121375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 19091390 | 34867009 | 6490851 | 60449250 |
|  Financial liabilities: |  |  |  |  |
|  Financial liabilities at FVTPL |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers | 117540 |  |  | 117540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative liabilities |  | 4251096 |  | 4251096 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities sold | 147171 |  |  | 147171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 264711 | 4251096 |  | 4515807 |
|  Financial liabilities designated to be measured at FVTPL  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers |  | 572456 |  | 572456 |
|  Derivative liabilities (designated for hedging) |  | 75869 |  | 75869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 264711 | 4899421 |  | 5164132 |

---

(\*) There were no transfers between Level 1 and Level 2 of financial assets and liabilities measured at fair value. The Group recognizes transfers among levels at the end of reporting period in which events have occurred or conditions have changed.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Level 1 (\*) | Level 2 (\*) | Level 3 | Total |
|  Financial assets: |  |  |  |  |
|  Financial assets at FVTPL |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits | 73951 |  |  | 73951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debt securities | 4304048 | 2489883 | 7357 | 6801288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 22414 |  | 398899 | 421313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital contributions |  | 4185 | 2853513 | 2857698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beneficiary certificates | 156898 | 2301044 | 2105160 | 4563102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans |  | 69401 | 34776 | 104177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets |  | 10093344 | 1188 | 10094532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial assets in foreign currency |  |  | 48345 | 48345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others |  |  | 238266 | 238266 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 4557311 | 14957857 | 5687504 | 25202672 |
|  Financial assets at FVTOCI |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debt securities | 14117592 | 28805079 |  | 42922671 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 315640 |  | 559434 | 875074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 14433232 | 28805079 | 559434 | 43797745 |
|  Derivative assets (designated for hedging) |  | 175191 |  | 175191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 18990543 | 43938127 | 6246938 | 69175608 |
|  Financial liabilities: |  |  |  |  |
|  Financial liabilities at FVTPL |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers | 74205 |  |  | 74205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative liabilities |  | 9090696 | 1402 | 9092098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities sold | 182478 |  |  | 182478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 256683 | 9090696 | 1402 | 9348781 |
|  Financial instruments designated to be measured at FVTPL |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers |  | 547816 |  | 547816 |
|  Derivative liabilities (designated for hedging) |  | 102815 |  | 102815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 256683 | 9741327 | 1402 | 9999412 |

---

(\*) There were no transfers between Level 1 and Level 2 of financial assets and liabilities measured at fair value. The Group recognizes transfers among levels at the end of reporting period in which events have occurred or conditions have changed.

Financial assets and liabilities at FVTPL, financial liabilities at FVTPL designated as upon initial recognition, financial assets at FVTOCI, and derivative assets and liabilities are recognized at fair value. Fair value is the amount that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

Financial instruments are measured at fair value using a quoted market price in active markets. If there is no active market for a financial instrument, the Group determines the fair value using valuation methods. Valuation methods and input variables for each type of financial instruments are as follows:

1) Valuation methods and input variables for each type of financial instrument classified into level 2 as of June 30, 2025 and December 31, 2024 are as follows:

---

| | | |
|:---|:---|:---|
|  | Valuation methods | Input variables |
| Debt securities | Fair value is measured by discounting the future cash flows of debt securities applying the risk-free market rate with credit spread, LSMC(Least-Squares Monte Carlo) and Hull-White model. | Risk-free market rate, credit spread, discount rate originated from credit grade, volatility of stocks, volatility of interest rate |
| Stocks, capital contributions and beneficiary certificates | Fair value is measured by using the net asset value method, FCFE(Free Cash Flow to Equity Mode), Comparable Company Analysis, Dividend Discount Model, Risk-adjusted Rate of Return Method, LSMC(Least-Squares Monte Carlo), and Hull-White model. | Values of underlying assets such as bond, risk-free market rate, market risk premium, corporate Beta, discount rate originated from credit grade, volatility of stocks, volatility of interest rate |
| Derivatives | Fair value is measured by models such as option model. | Discount rate, volatility, exchange rate, etc. |
| Loans | The future cash flows of debt instruments are measured at a discount by applying the market interest rate applied to entities with similar creditworthiness to the debtor. | Risk-free market rate and credit spread |
| Deposits due to customers | Fair value is measured by Hull-White model. | Swaption Volume, etc. |

---

2) Valuation methods and input variables for each type of financial instrument classified into level 3 as of June 30, 2025 and December 31, 2024 are as follows :

---

| | | |
|:---|:---|:---|
|  | Valuation methods | Input variables |
| Loans | Fair value is measured by using the DCF model (Discounted Cash Flow Model), which is a commonly used market valuation technique that considers the price and volatility of the underlying assets, and the risk-adjusted discount rate method (Tsiveriotis-Fernandes). | Underlying asset price, volatility, discount rate, volatility of stock, risk-free market rate and credit spread |
| Stocks, capital contributions and beneficiary certificates | Among DCF (Discounted Cash Flow) Model, FCFE (Free Cash Flow to Equity) Model, Comparable Company Analysis, Dividend Discount Model, Risk-adjusted Rate of Return Method, Net Asset Value Method, LSMC, Binomial Tree Model, Hull-White and Precedent Transactions model, one or more methods are used given the characteristic of the subject of fair value measurement. | Risk-free market rate, market risk premium, corporate Beta, stock prices, volatility of underlying asset, discount rate originated from credit grade, volatility of interest rate, volatility of real estate value, PBR, PSR, etc. |
| Debt securities | Fair value is measured by using the LSMC(Least-Squares Monte Carlo) and Hull-White model. | Discount rate originated from credit grade, volatility of stocks, volatility of interest rate |
| Derivatives | Fair value is measured by models such as option model. | Correlation coefficient, stock price, volatility, etc. |
| Others | The fair value of the underlying asset, after calculating the fair value using the DCF model, etc., considering the price and volatility of the calculated underlying asset, is calculated using the binomial tree, which is commonly used valuation techniques in the market. | Stock price, volatility of underlying assets, etc. |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

Valuation methods of financial assets and liabilities measured at fair value and classified into Level 3 and significant but unobservable inputs are as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 |
|  | Fair value<br>measurement<br>technique | Type | Significant<br> unobservable inputs | Range | Impact of changes in significant<br>unobservable inputs on fair value<br>measurement |
| Debt securities | LSMC(Hull-White) |  | Volatility | 20.26%~28.80% | Variation of fair value increases as volatility increases. |
| Loans | DCF model |  | Discount rate | 2.86%~5.26% | Fair value increases as discount rate decreases. |
| Derivative assets | Option valuation<br>model and others | Equity related | Stock prices, Volatility of underlying asset | 26.72% | Variation of fair value increases as stock price and volatility increases. |
|  |  |  | Discount rate | 17.39% | Fair value increases as discount rate decreases. |
|  |  |  | Terminal growth rate | 0.00% | Fair value increases as terminal growth rate increases. |
|  Equity securities, capital contributions, and Beneficiary certificates | Binomial Tree |  | Stock prices, Volatility of underlying asset  | 17.55%~46.02%  | Variation of fair value increases as stock price and volatility of underlying asset increases.  |
|  | DCF model and<br>others |  | Discount rate | 5.32%~15.74% | Fair value increases as discount rate decreases. |
|  |  |  | Terminal growth rate | 0.00%~1.00% | Fair value increases as terminal growth rate increases. |
|  |  |  | Liquidation value | -1.00%~1.00% | Fair value increases as liquidation value increases. |
|  | LSMC(Hull-White) |  | Volatility | 18.98% | Variation of fair value increases as volatility increases. |
| Others | Binomial Tree |  | Stock prices, Volatility of underlying asset | 17.55%~37.98% | Variation of fair value increases as stock price and volatility of underlying asset increases. |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Fair value measurement<br>technique | Type | Significant<br> unobservable inputs | Range | Impact of changes in significant<br>unobservable inputs on fair value<br>measurement |
| Debt securities | LSMC(Hull-White) |  | Volatility | 28.09%~88.35% | Variation of fair value increases as volatility increases. |
| Loans | DCF model |  | Discount rate | 4.17%~5.98% | Fair value increases as discount rate decreases. |
| Derivative assets | Option valuation model and others | Equity related | Correlation coefficient<br>Stock prices, Volatility of underlying asset  | 0.29~0.65 <br>25.71% | Variation of fair value increases as correlation coefficient increases.<br> Variation of fair value increases as volatility and stock price increases.  |
|  |  |  | Discount rate | 3.94%~19.62% | Fair value increases as discount rate decreases. |
|  |  |  | Terminal growth rate | 0.00% | Fair value increases as terminal growth rate increases. |
| Stocks, capital contributions, and beneficiary certificates | Binomial Tree  |  | Stock prices, Volatility of underlying asset  | 18.76%~36.37% | Variation of fair value increases as volatility of underlying asset and stock price increases.  |
|  | DCF model and others |  | Discount rate | 4.76%~19.84% | Fair value increases as discount rate decreases. |
|  |  |  | Terminal growth rate | 0.00%~1.00% | Fair value increases as terminal growth rate increases. |
|  |  |  | Liquidation value | -1.00%~1.00% | Fair value increases as liquidation value increases. |
|  | LMSC(Hull-White) |  | Volatility of stock | 29.30% | Variation of fair value increases as volatility increases. |
|  |  |  | Discount rate | 6.45%~15.56% | Fair value increases as discount rate decreases. |
| Others | Binomial Tree |  | Stock prices, Volatility of underlying asset | 18.36%~36.90% | Variation of fair value increases as volatility of underlying asset and stock price increases. |

---

Fair value of financial assets and liabilities classified into Level 3 is measured by the Group using its own valuation methods or using external specialists. Unobservable inputs used in the fair value measurements are produced by the internal system of the Group and the appropriateness of inputs is reviewed regularly.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(3) Changes in financial assets and liabilities measured at fair value classified into Level 3 are as follows (Unit: Korean Won in millions):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Beginning<br>balance | Net income<br>(loss) (\*1) | Other<br>comprehensive<br>income | Purchases/<br>issuances | Disposals /<br>settlements | Transfer<br>to or out<br>of Level<br>3 (\*2) | Ending<br>balance |
|  Financial assets: |  |  |  |  |  |  |  |
|  Financial assets at FVTPL |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debt securities | 7357 | 1674 |  | 35607 | (1504) |  | 43134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 398899 | (3793) |  | 35991 | (12949) | (13119) | 405029 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital contributions | 2853513 | (21953) |  | 211219 | (136155) |  | 2906624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beneficiary certificates | 2105160 | (9377) |  | 152135 | (91808) |  | 2156110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans | 34776 | 1310 |  | 20835 | (6555) |  | 50366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets | 1188 | 81 |  |  | (53) |  | 1216 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other foreign currency financial assets | 48345 | (3225) |  | 33732 |  |  | 78852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 238266 | 6825 |  | 2545 | (12561) |  | 235075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 5687504 | (28458) |  | 492064 | (261585) | (13119) | 5876406 |
|  Financial assets at FVTOCI |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 559434 |  | 22709 |  | (26) | (5216) | 576901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans |  |  | (9) | 66102 | (28549) |  | 37544 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 559434 |  | 22700 | 66102 | (28575) | (5216) | 614445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 6246938 | (28458) | 22700 | 558166 | (290160) | (18335) | 6490851 |
|  Financial liabilities: |  |  |  |  |  |  |  |
|  Financial liabilities at FVTPL |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative liabilities | 1402 |  |  |  | (1402) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 1402 |  |  |  | (1402) |  |  |

---

---

| | |
|:---|:---|
| (\*1) | For financial liabilities, positive numbers represent losses that increase balance and negative numbers represent gains that decrease balance. The loss amounting to 26,923 million Won for the period ended June 30, 2025, which is from financial assets and liabilities that the Group holds as at the end of the period.  |

---

(\*2) The Group recognizes transfers among levels at the end of reporting period in which events have occurred or conditions have changed.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Beginning<br>balance | Net income<br>(loss) (\*1) | Other<br>comprehensive<br>income | Purchases/<br>issuances | Disposals /<br>settlements | Transfer to<br>or out of<br>Level 3<br>(\*2) | Ending<br>balance |
|  Financial assets: |  |  |  |  |  |  |  |
|  Financial assets at FVTPL |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debt securities | 4230 | (251) |  |  | (2600) |  | 1379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 353279 | 5219 |  | 44875 | (324) | 1947 | 404996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital contributions | 2459648 | 54051 |  | 269666 | (123810) |  | 2659555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beneficiary certificates | 1705966 | 31503 |  | 213549 | (1596) | (5603) | 1943819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans | 56002 | 497 |  | 324502 | (332515) |  | 48486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets | 129136 | (5296) |  | 275 | (117295) |  | 6820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other foreign currency financial assets | 42406 | 3283 |  |  |  |  | 45689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 183274 | 4267 |  | 9565 | (6411) |  | 190695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 4933941 | 93273 |  | 862432 | (584551) | (3656) | 5301439 |
|  Financial assets at FVTOCI |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 548164 |  | (28348) | 76 |  | 3464 | 523356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans |  |  | 41 | 204666 | (154346) |  | 50361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 548164 |  | (28307) | 204742 | (154346) | 3464 | 573717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 5482105 | 93273 | (28307) | 1067174 | (738897) | (192) | 5875156 |
|  Financial liabilities: |  |  |  |  |  |  |  |
|  Financial liabilities at FVTPL |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative liabilities | 1994 | 16315 |  |  | (1318) |  | 16991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 1994 | 16315 |  |  | (1318) |  | 16991 |

---

---

| | |
|:---|:---|
| (\*1) | For financial liabilities, positive numbers represent losses that increase balance and negative numbers represent gains that decrease balance. The gain amounting to 84,063 million Won for the period ended June 30, 2024, which is from financial assets and liabilities that the Group holds as at the end of the period, and the amount is included in the consolidated interim statements of comprehensive income as the net gain on financial instruments at FVTPL and the net gain on financial assets at FVTOCI.  |

---

(\*2) The Group recognizes transfers among levels at the end of reporting period in which events have occurred or conditions have changed.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(4) Sensitivity analysis results on reasonable fluctuation of the significant unobservable input variables for the
fair value of Level 3 financial instruments are as follows.

The sensitivity analysis of the financial instruments has been performed by classifying with favorable and unfavorable changes based on how changes in unobservable assumptions would have effects on the fluctuations of financial instruments' value. When the fair value of a financial instrument is affected by more than one unobservable assumption, the below table reflects the most favorable or the most unfavorable changes which resulted from varying the assumptions individually. The sensitivity analysis was performed for two types of level 3 financial instruments: (1) interest rate related derivatives, currency related derivatives, equity related derivatives, equity-linked securities beneficiary certificates and loans of which fair value changes are recognized as net income; (2) equity securities of which fair value changes are recognized as other comprehensive income.

Meanwhile, among the financial instruments that are classified as Level 3 amounting to 6,490,851 million Won and 6,248,340 million Won as of June 30, 2025 and December 31, 2024, respectively, equity instruments of 5,034,011 million Won and 5,655,401 million Won whose carrying amount are considered to represent the reasonable approximation of fair value are excluded from the sensitivity analysis.

The sensitivity on fluctuation of input variables by financial instruments as of June 30, 2025 and December 31, 2024 is as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 |
|  | Net income (loss) | Net income (loss) | Other comprehensive<br>income (loss) | Other comprehensive<br>income (loss) |
|  | Favorable | Unfavorable | Favorable | Unfavorable |
|  Financial assets: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTPL |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets (\*1)(\*4) | 43 | (44) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans (\*2) | 224 | (225) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debt securities (\*3) | 2870 | (2830) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities (\*2) (\*4) (\*5) | 19239 | (14413) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beneficiary certificates (\*5)(\*6) | 834 | (829) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*4) | 2942 | (2714) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTOCI |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities (\*5) (\*7) |  |  | 37222 | (27158) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 26152 | (21055) | 37222 | (27158) |

---

---

| | |
|:---|:---|
| (\*1) | Fair value changes of equity related derivatives assets and liabilities are calculated by increasing or decreasing liquidation rate or discount rate, which are major unobservable variables, by 1% each, respectively.  |

---

---

| | |
|:---|:---|
| (\*2) | Fair value changes of equity securities are calculated by increasing or decreasing growth rate (0%p~1%p) and discount rate or liquidation value (-1%p~1%p), which are major unobservable variables.  |

---

---

| | |
|:---|:---|
| (\*3) | Fair value changes of equity securities are calculated by increasing or decreasing stock price volatility, which is major unobservable variables, by 10%.  |

---

---

| | |
|:---|:---|
| (\*4) | Fair value changes of equity securities are calculated by increasing or decreasing stock price (-10%p~10%p) and volatility (-10%p~10%p), which are major unobservable variables.  |

---

---

| | |
|:---|:---|
| (\*5) | Fair value changes of equity securities are calculated by increasing or decreasing discount rate (-1%p~1%p) and growth rate (-1%p~1%p) and or liquidation value (-1%p~1%p), which are major unobservable variables.  |

---

---

| | |
|:---|:---|
| (\*6) | Even if the sensitivity analysis of the capital contributions and beneficiary certificates is not possible in practice, fair value changes of beneficiary certificates and other securities whose major unobservable variables are composed of the real estate are calculated by increasing or decreasing liquidation value of real estate which is underlying assets and discount rate by 1%.  |

---

(\*7) Fair value changes of equity securities are calculated by increasing or decreasing correlation between growth rate and discount rate, which are major unobservable variables.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Net income (loss) | Net income (loss) | Other comprehensive<br>income (loss) | Other comprehensive<br>income (loss) |
|  | Favorable | Unfavorable | Favorable | Unfavorable |
|  Financial assets: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTPL |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets (\*1) | 50 | (51) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans (\*2) | 155 | (152) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debt securities (\*3) | 469 | (435) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities (\*2) (\*4) (\*5) | 19824 | (14380) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beneficiary certificates (\*6) | 706 | (705) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*4) (\*6) | 2554 | (2402) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTOCI |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities (\*5)(\*6)(\*7) |  |  | 47087 | (32879) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 23758 | (18125) | 47087 | (32879) |
|  Financial liabilities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial liabilities at FVTPL |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative liabilities (\*1) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total |  |  |  |  |

---

---

| | |
|:---|:---|
| (\*1) | Fair value changes of equity related derivatives assets and liabilities are calculated by increasing or decreasing correlation or volatility, which are major unobservable variables, by 10% each, respectively.  |

---

---

| | |
|:---|:---|
| (\*2) | Fair value changes are calculated by increasing or decreasing growth rate (0%~1%) and discount rate or liquidation value (-1%~1%), which are major unobservable variables.  |

---

---

| | |
|:---|:---|
| (\*3) | Fair value changes are calculated by increasing or decreasing stock price volatility by 10%, which are major unobservable variables.  |

---

---

| | |
|:---|:---|
| (\*4) | Fair value changes of equity securities are calculated by increasing or decreasing stock price (-10%~10%) and volatility (-10%p~10%p), which are major unobservable variables.  |

---

---

| | |
|:---|:---|
| (\*5) | Fair value changes of equity securities are calculated by increasing or decreasing growth rate (-1%p~1%p) and discount rate (-1%p~1%p) or liquidation value (-1%p~1%p), which are major unobservable variables.  |

---

---

| | |
|:---|:---|
| (\*6) | Even if the sensitivity analysis of the capital contributions and beneficiary certificates among equity securities is not possible in practice, fair value changes of beneficiary certificates and other securities whose major unobservable variables are composed of the real estate are calculated by increasing or decreasing price fluctuation rate of real estate which are underlying assets and discount rate by 1%p.  |

---

(\*7) Fair value changes of equity securities are calculated by increasing or decreasing correlation between growth rate and discount rate, which are unobservable variables.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) Fair value and carrying amount of financial assets and liabilities that are recorded at amortized cost are as
follows (Unit: Korean Won in millions):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 |
|  | Fair value | Fair value | Fair value | Fair value | Carrying<br>amount |
|  | Level 1 | Level 2 | Level 3 | Total | Carrying<br>amount |
|  Financial assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities at amortized cost | 4656137 | 14171333 |  | 18827470 | 18762707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and other financial assets at amortized cost |  | 19980566 | 398115261 | 418095827 | 413452761 |
|  Financial liabilities: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers |  | 369979336 |  | 369979336 | 369477799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings |  | 31186278 | 242283 | 31428561 | 31418274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debentures |  | 49604044 |  | 49604044 | 49166841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial liabilities (\*) |  | 38517555 | 1517995 | 40035550 | 40093220 |

---

(\*) Lease liabilities are excluded as of June 30, 2025.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Fair value | Fair value | Fair value | Fair value | Carrying<br>amount |
|  | Level 1 | Level 2 | Level 3 | Total | Carrying<br>amount |
|  Financial assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities at amortized cost | 3242384 | 15894576 | 9991 | 19146951 | 19203177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and other financial assets at amortized cost |  | 7149151 | 393995021 | 401144172 | 398471816 |
|  Financial liabilities: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers |  | 367128451 |  | 367128451 | 366821156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings |  | 29622705 | 432561 | 30055266 | 30117031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debentures |  | 48273103 |  | 48273103 | 48207103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial liabilities (\*) |  | 30201229 | 809007 | 31010236 | 31786960 |

---

(\*) Lease liabilities are excluded as of December 31, 2024.

The fair values of financial instruments are measured using quoted market price in active markets. In case there is no active market for financial instruments, the Group determines the fair value by using valuation methods. Valuation methods and input variables for financial assets and liabilities that are measured at amortized cost are given as follows:

---

| | | |
|:---|:---|:---|
|  | Valuation methods | Input variables |
|  Securities at amortized cost | The fair value is measured by discounting the projected cash flows of debt securities by applying risk-free market rate with credit spread. | Risk-free market rate and credit spread |
|  Loans and other financial assets at amortized cost | The fair value is measured by discounting the projected cash flows of loan products by applying the market discount rate that has been applied to a proxy company that has similar credit rating to the debtor. | Risk-free market rate, credit spread and prepayment rate |
|  Deposits due to customers, borrowings, debentures and other financial liabilities | The fair value is measured by discounting the projected cash flows of debt products by applying the market discount rate that is reflecting credit rating of the Group. | Risk-free market rate, credit spread and forward rate |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) Deferred day 1 profits or losses

Changes in deferred day 1 profits or losses are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the six-month periods ended June 30 | For the six-month periods ended June 30 |
|  | 2025 | 2024 |
|  Beginning balance | 28 | 7848 |
|  Amounts recognized in losses | (28) | (6860) |
|  Ending balance |  | 988 |

---

In case some variables to measure fair values of financial instruments are not observable in the market, valuation techniques are utilized to evaluate such financial instruments. Those financial instruments are recorded the transaction price as at the time of acquisition, even though there are difference noted between the transaction price and the fair value. The table above presents the difference yet to be realized as profit or losses as of June 30, 2025 and 2024.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) Financial instruments by category

Carrying amounts of financial assets and liabilities by each category are as follows (Unit: Korean Won in millions):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 |
| Financial assets | Financial assets<br>at FVTPL | Financial assets<br>at FVTOCI | Financial assets at<br>amortized cost | Derivatives<br>assets<br>(designated for<br>hedging) | Total |
|  Deposits | 116957 |  | 1933134 |  | 2050091 |
|  Securities | 15917511 | 39370396 | 18762707 |  | 74050614 |
|  Loans | 267949 | 37544 | 389125772 |  | 389431265 |
|  Derivative assets | 4536949 |  |  | 121375 | 4658324 |
|  Other financial assets | 80569 |  | 22393855 |  | 22474424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 20919935 | 39407940 | 432215468 | 121375 | 492664718 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 |
| Financial liabilities | Financial liabilities<br>at FVTPL | Financial<br>liabilities<br>designated to<br>be measured<br>at FVTPL | Financial<br>liabilities at<br>amortized cost | Derivatives<br>liabilities<br>(designated for<br>hedging) | Total |
|  Deposits due to customers | 117540 | 572456 | 369477799 |  | 370167795 |
|  Borrowings | 147171 |  | 31418274 |  | 31565445 |
|  Debentures |  |  | 49166841 |  | 49166841 |
|  Derivative liabilities | 4251096 |  |  | 75869 | 4326965 |
|  Other financial liabilities (\*) |  |  | 40093220 |  | 40093220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 4515807 | 572456 | 490156134 | 75869 | 495320266 |

---

(\*) Lease liabilities are excluded as of June 30, 2025.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
| Financial assets | Financial assets<br>at FVTPL | Financial assets<br>at FVTOCI | Financial assets at<br>amortized cost | Derivatives<br>assets<br>(designated for<br>hedging) | Total |
|  Deposits | 73951 |  | 2630604 |  | 2704555 |
|  Securities | 14879996 | 43797745 | 19203177 |  | 77880918 |
|  Loans | 104177 |  | 386069294 |  | 386173471 |
|  Derivative assets | 10094532 |  |  | 175191 | 10269723 |
|  Other financial assets | 50016 |  | 9771918 |  | 9821934 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 25202672 | 43797745 | 417674993 | 175191 | 486850601 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
| Financial liabilities | Financial<br>liabilities at<br>FVTPL | Financial<br>liabilities<br>designated to<br>be measured<br>at FVTPL | Financial<br>liabilities at<br>amortized cost | Derivatives<br>liabilities<br>(designated for<br>hedging) | Total |
|  Deposits due to customers | 74205 | 547816 | 366821156 |  | 367443177 |
|  Borrowings | 182478 |  | 30117031 |  | 30299509 |
|  Debentures |  |  | 48207103 |  | 48207103 |
|  Derivative liabilities | 9092098 |  |  | 102815 | 9194913 |
|  Other financial liabilities (\*) |  |  | 31786960 |  | 31786960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 9348781 | 547816 | 476932250 | 102815 | 486931662 |

---

(\*) Lease liabilities are excluded as of December 31, 2024.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**12.** **INVESTMENTS IN JOINT VENTURES AND ASSOCIATES** 

(1) Investments in associates accounted for using the equity method of accounting are as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | | Percentage of ownership (%) | Percentage of ownership (%) | | |
| Joint ventures and associates | Main business | June 30,<br>2025 | December 31,<br>2024 | Location | Financial<br>statements as of |
|  Woori Bank |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; W Service Networks Co., Ltd. (\*1) (\*4) | Freight & staffing<br>services | 4.9 | 4.9 | Korea | 2025-05-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korea Credit Bureau Co., Ltd. (\*2) | Credit information | 9.9 | 9.9 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korea Finance Security Co., Ltd. (\*2) (\*4) | Security service | 15.0 | 15.0 | Korea | 2025-05-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wongwang Co., Ltd. (\*3) | Wholesale and real<br>estate | 29.0 | 29.0 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sejin Construction Co., Ltd. (\*3) | Construction | 29.6 | 29.6 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ARES-TECH Co., Ltd. (\*3) | Electronic component<br>manufacturing | 23.4 | 23.4 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beomgyo.,Ltd. (\*3) | Telecommunication<br>equipment retail sales | 23.1 | 23.1 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NK Eng Co., Ltd. (\*3) (\*7) | Manufacturing |  | 23.1 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; K BANK Co., Ltd. (\*2) (\*4) | Finance | 12.0 | 12.0 | Korea | 2025-05-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Partner One Value Up I Private Equity Fund | Other financial services | 23.3 | 23.3 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership | Other financial services | 20.0 | 20.0 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Crevisse Raim Impact 1st Startup Venture Specialist Private Equity Fund | Other financial services | 25.0 | 25.0 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LOTTE CARD Co., Ltd. (\*4) | Credit card and<br>installment financing | 20.0 | 20.0 | Korea | 2025-03-31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Union Technology Finance Investment Association | Other financial services | 29.7 | 29.7 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Orient Shipyard Co., Ltd. (\*3) (\*4) | Manufacture of<br>sections for ships | 22.7 | 22.7 | Korea | 2025-03-31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Win Mortgage Co.,Ltd. (\*1) (\*4) | Other financial services | 4.5 | 4.5 | Korea | 2025-03-31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Samsung Together Korea IPPF private securities investment trust 3 [Equity-FoFs] | Other financial services | 100.0 | 100.0 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BTS 2nd Private Equity Fund | Other financial services | 20.0 | 20.0 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; STASSETS FUND III | Other financial services | 28.3 | 28.3 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SF CREDIT PARTNERS, LLC(\*2) | Other financial services | 10.0 | 10.0 | United<br>States | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dongwoo C & C Co., Ltd. (\*3) | Construction | 23.2 | 23.2 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; G2 Collection Co., Ltd. (\*3) | Wholesale and retail<br>sales | 28.9 | 28.9 | Korea |  |
|  Woori Bank (\*5) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japanese Hotel Real Estate Private Equity Fund No.2 | Other financial services | 19.9 | 19.9 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Seoul Beltway Private Special Asset Fund No.1 | Trust and collective<br>investment | 25.0 | 25.0 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Smart General Private Equity Investment Trust 1(bond) | Collective investment<br>business | 28.6 | 28.6 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Asset Global Partnership Fund No. 5 | Collective investment<br>business | 57.7 | 57.7 | Korea | 2025-06-30 |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Percentage of ownership (%) | Percentage of ownership (%) |  | |
| Joint ventures and associates | Main business | June 30,<br>2025 | December 31,<br>2024 | Location | Financial<br>statements as of |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori General Private Securities Investment Trust No. 5 (bond) | Collective investment<br>business | 28.6 | 28.6 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Big Satisfaction General Private Securities Investment Trust No. 3 (bond) | Collective investment<br>business | 8.7 | 9.1 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori General Private Securities Investment Trust No. 6 (bond) | Collective investment<br>business | 28.6 | 28.6 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori General Private Securities Investment Trust No. 7 (bond) (\*7) | Collective investment<br>business |  | 28.6 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Smart General Private Equity Investment Trust No.1(bond) | Collective investment<br>business | 28.4 | 28.4 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Future Energy Private Special Asset Investment Trust(General) No.1 | Collective investment<br>business | 16.0 | 16.0 | Korea | 2025-06-30 |
|  Woori Financial Capital Co., Ltd. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WOORI TAERIM 1st Fund | Other financial<br>services | 25.6 | 25.6 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Portone-Cape Fund No.1 | Other financial<br>services | 20.0 | 20.0 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Darwin Green Packaging Private Equity Fund | Other financial<br>services | 20.4 | 20.4 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Koreawide partners 2nd Private Equity Fund | Other financial<br>services | 26.7 | 26.7 | Korea | 2025-06-30 |
|  Woori Investment Securities Co., Ltd. (\*5) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori FirstValue Private Real Estate Fund No.2 | Real estate business | 12.0 | 12.0 | Korea | 2025-06-30 |
|  Woori Asset Management Co. Ltd. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Together TDF 2025 (\*7) | Collective investment<br>business |  | 24.7 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Together TDF 2050 (\*7) (\*11) | Collective investment<br>business |  |  | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Together TDF 2030(\*7) | Collective investment<br>business |  | 22.2 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori USD Treasury Target Return Bond FoF (\*7) | Collective investment<br>business |  | 23.9 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Together TDF 2035 (\*7) | Collective investment<br>business |  | 22.5 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Together TDF 2040 (\*11) | Collective investment<br>business | 25.9 |  | Korea | 2025-06-30 |
|  Woori Private Equity Asset Management Co., Ltd. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Australia Green Energy 1st PEF(\*2) | Other financial<br>services | 4.0 | 4.0 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aarden Woori Apparel 1st Private Equity Fund (\*2) | Other financial<br>services | 0.5 | 0.5 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Dyno 1st Private Equity Fund (\*2) | Other financial<br>services | 19.6 | 19.6 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NH Woori Dino Co-Investment NO.2 Private Equity Fund (\*2) | Other financial<br>services | 5.6 | 5.1 | Korea | 2025-06-30 |
|  Woori Financial F&I Co., Ltd. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KCLAVIS NPL Investment Trust NO 1-2 | Collective investment<br>business | 35.9 | 35.9 | Korea | 2025-06-30 |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | | Percentage of ownership (%) | Percentage of ownership (%) | | |
| Joint ventures and associates | Main business | June 30,<br>2025 | December 31,<br>2024 | Location | Financial<br>statements as of |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capstone Special Restructuring Private Investment Trust No.4 (\*11) | Collective<br>investment<br>business | 46.2 |  | Korea | 2025-06-30 |
|  Woori Venture Partners Co., Ltd. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KTB-KORUS FUND(\*8) | Asset Management | 37.5 | 37.5 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KTBN Venture Fund No.8(\*9) | Asset Management | 21.7 | 21.7 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KTBN Digital Contents Korea Fund No.9(\*9) | Asset Management | 30 | 30 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KTBN Media Contents Fund(\*10) | Asset Management | 15 | 15 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KTB China Synergy Fund(\*10) | Asset Management | 15.1 | 15.1 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NAVER-KTB Audio Contents Fund(\*7)(\*10) | Asset Management |  | 1 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KTBN Venture Fund No.13(\*10) | Asset Management | 19.6 | 19.6 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KTBN Future Contents Fund(\*10) | Asset Management | 13.3 | 13.3 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KTBN Venture Fund No.16(\*10) | Asset Management | 10.3 | 10.3 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KTBN Venture Fund No.18(\*10) | Asset Management | 10.1 | 10.1 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KB-KTB Technology Venture Fund(\*10) | Asset Management | 18.2 | 18.2 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori 2022 Scaleup Venture Fund | Asset Management | 20 | 20 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori 2022 Start-up Venture Fund | Asset Management | 30.1 | 30.1 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KTBN GI Private Equity Fund(\*10) | Asset Management | 5 | 5 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chirochem | Medical material<br>Manufacturing | 28.6 | 28.6 | Korea | 2025-06-30 |
|  Japanese Hotel Real Estate Private Equity Fund 1 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Godo Kaisha Oceanos 1 (\*4) | Other financial<br>services | 47.8 | 47.8 | Japan | 2025-04-30 |
|  Woori bank and Woori card Co., Ltd. (\*5) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SJCO Co., Ltd. (\*3) | Aggregate<br>transportation and<br>wholesale | 29.8 | 29.8 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KG Fashion Co., Ltd. (\*3)(\*4) | Manufacturing | 20.8 | 20.8 | Korea | 2025-05-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kyesan Engineering Co., Ltd. (\*3) | Construction | 23.3 | 23.3 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Good Software Lap Co., Ltd. (\*3) | Service | 29.4 | 29.4 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DAEA SNC Co., Ltd. (\*3) | Wholesale and<br>retail sales | 25.5 | 25.5 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PREXCO Co., Ltd. (\*3) | Manufacturing | 28.1 | 28.1 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JiWon Plating Co., Ltd. (\*3) | Plating | 20.8 | 20.8 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Youngdong Sea Food Co., Ltd. (\*3) | Processed sea food<br>manufacturing | 24.5 | 24.5 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KUM HWA Co., Ltd. (\*3) | Telecommunication<br>equipment retail<br>sales | 20.1 | 20.1 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jinmyung Plus Co., Ltd. (\*3)(\*4) | Manufacturing | 21.3 | 21.3 | Korea | 2025-03-31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rea Company (\*3)(\*4) | Manufacturing | 26.1 | 26.1 | Korea | 2025-03-31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ARAM CMC Co.,Ltd. (\*3) | Manufacturing | 20.1 | 20.1 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MARKET&FARM CO.,LTD. (\*3) | Wholesale and<br> commodity<br>brokerage | 23.7 | 23.7 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SAMJI TEXTILE CO.,LTD. (\*3)(\*4) | Wholesale and<br> commodity<br>brokerage | 29.8 | 29.8 | Korea | 2025-03-31 |
|  Woori bank and Woori Financial Capital Co., Ltd. (\*5) |  |  |  |  |  |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Percentage of ownership (%) | Percentage of ownership (%) |  | |
| Joint ventures and associates | Main business | June 30,<br>2025 | December 31,<br>2024 | Location | Financial<br>statements as of |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JC Assurance No.2 Private Equity Fund | Other financial<br>services | 23.4 | 23.4 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HMS-Oriens 1st Fund (\*7) | Other financial<br>services |  | 22.8 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Senior Loan Private Placement Investment Trust No.1 | Collective investment<br>business | 21.7 | 21.7 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Genesis Eco No.1 Private Equity Fund | Other financial<br>services | 29.0 | 29.0 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Paratus Woori Material Component Equipment joint venture company | Other financial<br>services | 29.9 | 29.9 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Midas No. 8 Private Equity Joint Venture Company | Other financial<br>services | 28.5 | 28.5 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Orchestra Private Equity Fund IV | Other financial<br>services | 28.2 | 28.2 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Synaptic Green No.1 PEF | Other financial<br>services | 21.1 | 21.1 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IGEN2023No. 1 Private Equity Fund | Other financial<br>services | 24.8 | 24.8 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PCC-Woori LP Secondary Fund | Other financial<br>services | 38.9 | 38.9 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Synaptic Future Growth Private Equity Fund 1 | Other financial<br>investment | 23.8 | 23.8 | Korea | 2025-06-30 |
|  Woori Investment Securities Co., Ltd. and Woori Financial Capital Co., Ltd. (\*5) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Healthcare Investmetnt Fund (\*11) | Collective investment<br>business | 28.8 |  | Korea | 2025-06-30 |
|  Woori Investment Securities Co., Ltd. and Woori Asset Management Co., Ltd. (\*5) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Oncorp Corporate support of Major Industry General Type Private Investment Trust 2 | Collective investment<br>business | 3.5 | 2.3 | Korea | 2025-06-30 |
|  Woori Bank and Woori Private Equity Asset Management Co., Ltd. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori-Q Corporate Restructuring Private Equity Fund(\*6) | Other financial<br>services | 34.6 | 34.6 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Eugene Energy Link Private Equity Fund (\*2)(\*11) | Other financial<br>services | 7.9 |  | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori IMM Greean Net Zero Fund (\*11) | Other financial<br>services | 15.9 |  | Korea | 2025-06-30 |
|  Woori Financial Capital Co., Ltd., Woori Private Equity Asset Management Co., Ltd. (\*5) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NH Woori New deal Co-Investment No.1 Private Equity Fund | Other financial<br>services | 19.5 | 19.5 | Korea | 2025-06-30 |
|  Woori Venture Partners Co., Ltd., Woori Asset Management Corp. (\*5) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori BIG SATISFACTION SHINJONG MMF 3rd | Collective investment<br>business | 2.1 | 2.3 | Korea | 2025-06-30 |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | | Percentage of ownership (%) | Percentage of ownership (%) | | |
| Joint ventures and associates | Main business | June 30,<br>2025 | December 31,<br>2024 | Location | Financial<br>statements as of |
|  Woori Bank, Woori Financial Capital Co., Ltd., Woori Investment Securities Co., Ltd. and Woori Private Equity Asset Management Co., Ltd. (\*5) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori-Shinyoung Growth-Cap Private Equity Fund I | Other financial<br>services | 35.0 | 35.0 | Korea | 2025-06-30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NH Woori Newdeal Growth Alpha Private Equity Fund 1 | Other financial<br>services | 33.1 | 32.9 | Korea | 2025-06-30 |
|  Woori Bank, Woori card Co., Ltd., Woori Investment Securities Co., Ltd. and Woori Asset Management Corp. (\*5) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Real Estate Investment No. 1 Limited Liability Company | Collective investment<br>business | 19.9 | 19.9 | Korea | 2025-06-30 |

---

(\*1) Most of the significant business transactions of associates are with the Group as of June 30, 2025 and December 31, 2024.

(\*2) The Group can participate in decision-making body and exercise significant influence over financial policies and operational policies decision making of the associates.

(\*3) There is no investment balance as of June 30, 2025 and December 31, 2024.

---

| | |
|:---|:---|
| (\*4) | The equity method was applied using the most recent financial statements available from the settlement date because no financial statements were available at the end of the reporting period and the significant transactions or events that occurred between the end of the reporting period of the associate and the end of the reporting period of the subsidiary were duly reflected.  |

---

(\*5) Two or more subsidiaries may invest or operate to exert significant influence on the decision-making process for activities related to the investee.

(\*6) It was classified as an associate due to holding of voting rights according to the initial investment agreement ratio.

(\*7) It was excluded from associates in current period.

(\*8) It has been liquidating as of June 30, 2025.

---

| | |
|:---|:---|
| (\*9) | In the event of liquidation, if the distribution payments made or to be made to the cooperative members are less than their contributions, an agreement has been made whereby the shortage will be covered, up to a certain amount within the investment, giving priority to specific shareholders over others.  |

---

(\*10) The Group classified it as an associate because it has significant influence as a general partner of the investment association.

(\*11) It was added to associates in current period.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(2) Changes in the carrying value of investments in associates accounted for using the equity method of accounting
are as follows (Unit: Korean Won in millions):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Acquisition<br>cost | January 1,<br>2025 | Share of<br>profits(losses)<br>and others | Acquisition | Disposal/<br>Reclassification,<br>etc. | Dividends | Change in<br>capital | June 30,<br>2025 |
|  W Service Networks Co., Ltd. | 108 | 204 | (7) |  |  | (5) |  | 192 |
|  Korea Credit Bureau Co., Ltd. | 3313 | 9001 | 1598 |  |  | (90) |  | 10509 |
|  Korea Finance Security Co., Ltd. | 3267 | 3616 | 117 |  |  |  |  | 3733 |
|  K BANK Co., Ltd. | 224657 | 262250 | 1301 |  |  |  | 216 | 263767 |
|  Partner One Value Up I Private Equity Fund | 5039 | 2123 | (6) |  |  |  |  | 2117 |
|  IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership |  | 2263 | (17) |  |  |  |  | 2246 |
|  Crevisse Raim Impact 1st Startup Venture Specialist Private Equity Fund | 4580 | 4532 |  | 48 |  |  |  | 4580 |
|  LOTTE CARD Co.,Ltd. | 346810 | 575580 | 6505 |  |  | (7743) | (1713) | 572629 |
|  Union Technology Finance Investment Association | 13449 | 11770 | (2437) |  |  |  |  | 9333 |
|  Orient Shipyard Co., Ltd.(\*) |  |  |  |  |  |  |  |  |
|  Win Mortgage Co.,Ltd. | 23 | 135 | (36) |  |  | (9) |  | 90 |
|  Samsung Together Korea IPPF private securities investment trust 3 [Equity-FoFs] | 10000 | 10847 | 123 |  |  |  |  | 10970 |
|  BTS 2nd Private Equity Fund | 8146 | 7799 | (87) |  |  |  |  | 7712 |
|  STASSETS FUND III | 12000 | 11178 | (111) |  |  |  |  | 11067 |
|  SF CREDIT PARTNERS, LLC | 15504 | 16000 | 475 | 2445 |  |  | (1360) | 17560 |
|  Japanese Hotel Real Estate Private Equity Fund No.2 | 3143 | 2805 | 41 |  | (23) | (78) | 13 | 2758 |
|  Woori Seoul Beltway Private Special Asset Fund No.1 | 17868 | 16076 | 283 | 1942 |  | (282) |  | 18019 |
|  Woori Smart General Private Equity Investment Trust 1(bond) | 40000 | 41783 | 989 |  |  | (2541) |  | 40231 |
|  Woori Asset Global Partnership Fund No.5 | 66683 | 54977 | (3249) | 15000 | (787) |  |  | 65941 |
|  Woori General Private Securities Investment Trust No. 5 (bond) | 60000 | 60024 | 1559 |  |  |  |  | 61583 |
|  Woori Big Satisfaction General Private Securities Investment Trust No. 3 (bond) | 10000 | 10493 | 267 |  |  | (603) |  | 10157 |
|  Woori General Private Securities Investment Trust No. 6 (bond) | 40000 | 42090 | 1063 |  |  | (2552) |  | 40601 |
|  Woori General Private Securities Investment Trust No. 7 (Bond) |  | 41116 | 610 |  | (41726) |  |  |  |
|  Woori Smart General Private Equity Investment Trust No.1(bond) | 40000 | 40477 | 1013 |  |  |  |  | 41490 |
|  Woori Future Energy Private Special Asset Investment Trust(General) No.1 |  |  |  |  |  |  |  |  |
|  WOORI TAERIM 1st Fund | 1100 | 988 |  |  |  |  |  | 988 |
|  Portone-Cape Fund No.1 | 340 | 160 | 58 |  |  |  |  | 218 |
|  Darwin Green Packaging Private Equity Fund | 4000 | 3904 | (3) |  |  |  |  | 3901 |
|  Koreawide partners 2nd Private Equity Fund | 20000 | 19235 | (387) |  |  |  |  | 18848 |
|  Woori FirstValue Private Real Estate Fund No.2 | 9000 | 567 | 3 |  |  |  |  | 570 |
|  Woori Together TDF 2025 |  | 3577 | 43 |  | (3620) |  |  |  |
|  Woori Together TDF 2050 |  |  | (139) |  | 139 |  |  |  |
|  Woori Together TDF 2030 |  | 3724 | 35 |  | (3759) |  |  |  |
|  Woori USD Treasury Target Return Bond FoF |  | 220 | 1 |  | (221) |  |  |  |
|  Woori Together TDF 2035 |  | 3448 | 39 |  | (3487) |  |  |  |
|  Australia Green Energy 1st PEF | 4913 | 5264 | 87 |  |  |  |  | 5351 |
|  Woori Together TDF 2040 | 2500 |  | 126 |  | 2839 |  |  | 2965 |
|  Aarden Woori Apparel 1st Private Equity Fund | 100 | 95 | (1) |  |  |  |  | 94 |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Acquisition<br>cost | January 1,<br>2025 | Share of<br>profits(losses)<br>and others | Acquisition | Disposal/<br>Reclassification,<br>etc. | Dividends | Change in<br>capital | June 30,<br>2025 |
|  Woori Dyno 1st Private Equity Fund | 2000 | 2849 | 708 |  |  |  |  | 3557 |
|  NH Woori Dino Co-Investment NO.2 Private Equity Fund | 2200 | 1996 | 19 | 200 |  |  |  | 2215 |
|  Woori Eugene Energy Link Private Equity Fund | 5500 |  | (358) | 5500 |  |  |  | 5142 |
|  KCLAVIS NPL Investment Trust NO 1-2 | 15000 | 15422 | 852 |  |  |  |  | 16274 |
|  Capstone Special Restructuring Private Investment Trust No.4 | 15000 |  | 526 | 15000 |  | (413) |  | 15113 |
|  KTB-KORUS FUND | 337 | 1789 |  |  |  |  |  | 1789 |
|  KTBN Venture Fund No.8 | 195 | 1529 |  |  |  |  |  | 1529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KTBN Digital Contents Korea Fund No.9 | 7020 | 5006 | (326) |  |  |  |  | 4680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KTBN Media Contents Fund |  | 154 |  |  |  |  |  | 154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KTB China Synergy Fund | 11775 | 18949 | 138 |  | (625) | (41) |  | 18421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NAVER-KTB Audio Contents Fund | 300 | 248 |  |  | (248) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KTBN Venture Fund No.13 | 2200 | 15659 | 43633 |  | (2200) | (5297) |  | 51795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KTBN Future Contents Fund | 3472 | 4193 | 243 |  | (528) |  |  | 3908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KTBN Venture Fund No.16 | 9000 | 15853 | 4666 |  | (3200) |  |  | 17319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KTBN Venture Fund No.18 | 27075 | 25506 | (1039) |  |  |  |  | 24467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KB-KTB Technology Venture Fund | 10000 | 9350 | (428) |  |  |  |  | 8922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WOORI 2022 Scaleup Venture Fund | 41272 | 17809 | 25 | 20328 |  |  |  | 38162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WOORI 2022 Start-up Venture Fund | 13100 | 12773 | (123) |  |  |  |  | 12650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KTBN GI Private Equity Fund |  | 5 |  |  |  |  |  | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chirochem | 250 | 104 | 57 |  |  |  |  | 161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Godo Kaisha Oceanos 1 | 6473 | 7347 | 1698 |  | (4327) | (422) | 120 | 4416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KG Fashion Co., Ltd.(\*) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KUM HWA Co., Ltd. (\*) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jinmyung Plus Co., Ltd. |  | 9 | 2 |  |  |  |  | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rea Company (\*) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Market&Farm Co., Ltd (\*) |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JC Assurance No.2 Private Equity Fund (\*) | 29349 |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HMS-Oriens 1st Fund |  | 14880 |  |  | (14880) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Senior Loan Private Placement Investment Trust No.1 | 17388 | 17517 | 416 |  | (169) | (442) |  | 17322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Genesis Eco No.1 Private Equity Fund | 12000 | 10847 | 173 |  |  |  |  | 11020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Paratus Woori Material Component Equipment joint venture company | 9334 | 16714 | 9074 |  | (8366) |  |  | 17422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Midas No. 8 Private Equity Joint Venture Company | 18419 | 18207 | 398 |  |  | (530) |  | 18075 |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Acquisition<br>cost | January 1,<br>2025 |  | Share of<br>profits(losses)<br>and others | Acquisition | Disposal/<br>Reclassification,<br>etc. | Dividends | Change in<br>capital | June 30,<br>2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Orchestra Private Equity Fund IV | 9700 | 9610 | (73) |  |  |  |  |  | 9537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Synaptic Green No.1 PEF | 8000 | 7499 |  | 491 |  |  |  |  | 7990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IGEN2022No. 1 Private Equity Fund | 7422 | 7972 |  | 860 |  |  | (790) |  | 8042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PCC-Woori LP Secondary Fund | 10435 | 8648 |  | (107) |  |  |  |  | 8541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Synaptic Future Growth Private Equity Fund | 6325 | 7685 |  | (329) |  | (435) |  |  | 6921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Healthcare Investment Fund | 3000 |  |  | (59) |  | 3000 |  |  | 2941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Oncorp Corporate support of Major Industry General Type Private Investment Trust 2 | 4356 | 4011 |  | 155 | 507 |  |  |  | 4673 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori-Q Corporate Restructuring Private Equity Fund | 29627 | 34007 |  | 1267 |  |  |  |  | 35274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori IMM Greean Net Zero Fund |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NH Woori Newdeal Growth Alpha Private Equity Fund 1 | 44512 | 55539 |  | (2863) |  | (5506) | (180) |  | 46990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori BIG SATISFACTION SHINJONG MMF 3<sup>rd</sup> | 52000 | 41984 |  | 718 | 23000 | (10069) |  |  | 55633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori-Shinyoung Growth-Cap Private Equity Fund I | 11989 | 29696 |  | 1096 |  | (5105) |  |  | 25687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NH Woori New deal Co-Investment No.1 Private Equity Fund | 5000 | 5204 |  | (416) |  |  |  |  | 4788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Real Estate Investment No. 1 Limited Liability Company | 34200 | 33919 |  | 679 |  |  |  |  | 34598 |
|  | 1451768 | 1748810 |  | 71629 | 83970 | (103303) | (22018) | (2724) | 1776364 |

---

---

| | |
|:---|:---|
| (\*) | The amount for which no loss was recognized for associates due to discontinuation of the equity method was 1 million Won in Orient Shipyard Co.,Ltd., 22 million Won for KG FASHION CO., LTD., 27 million Won in Market&Farm Co.,Ltd., 3 million Won for JC Assurance No.2 Private Equity Fund and the accumulated amount is 48 million Won for Orient Shipyard Co.,Ltd., 181 million Won for KG FASHION CO., LTD., 118 million Won for Rea Company, 4 million Won for KUM HWA Co., Ltd., 27 million Won for Market&Farm Co.,Ltd., 669 million Won in JC Assurance No.2 Private Equity Fund.  |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Acquisition<br>cost | January 1,<br>2024 | Share of<br>profits(losses)<br>and others | Acquisition | Disposal/<br>Reclassification | Dividends | Change in<br>capital | June 30,<br>2024 |
|  W Service Networks Co., Ltd. | 108 | 216 | (32) |  |  | (5) |  | 179 |
|  Korea Credit Bureau Co., Ltd. | 3313 | 6433 | 1425 |  |  | (90) |  | 7768 |
|  Korea Finance Security Co., Ltd. | 3267 | 3285 | 220 |  |  |  |  | 3505 |
|  K BANK Co., Ltd. | 236232 | 260052 | 5052 |  |  |  | 802 | 265906 |
|  Partner One Value Up I Private Equity Fund | 5039 | 3230 | 334 |  |  |  |  | 3564 |
|  IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership | 3396 | 8247 | 1254 |  | (960) |  |  | 8541 |
|  Crevisse Raim Impact 1st Startup Venture Specialist Private Equity Fund | 4482 | 4437 |  | 45 |  |  |  | 4482 |
|  LOTTE CARD Co.,Ltd. | 346810 | 587392 | 4807 |  |  | (15591) | (8566) | 568042 |
|  Union Technology Finance Investment Association | 13449 | 12270 | (310) |  |  |  |  | 11960 |
|  Dicustody Co., Ltd. | 1 | 1 |  |  |  |  |  | 1 |
|  Orient Shipyard Co., Ltd.(\*) |  |  |  |  |  |  |  |  |
|  Joongang Network Solution Co.,Ltd. |  | 88 | 95 |  |  |  | (87) | 96 |
|  Win Mortgage Co.,LTd. | 23 | 105 | (7) |  |  | (2) |  | 96 |
|  Together-Korea Government Private Pool Private Securities Investment Trust No.3 | 10000 | 10540 | 155 |  |  |  |  | 10695 |
|  BTS 2nd Private Equity Fund | 8146 | 4838 | 2 | 2920 |  |  |  | 7760 |
|  STASSETS FUND III | 10500 | 8406 | (130) | 1500 |  |  |  | 9776 |
|  SF CREDIT PARTNERS, LLC | 13059 | 12845 | 737 |  |  |  | 975 | 14557 |
|  ARAM CMC Co.,Ltd.(\*) |  |  |  |  |  |  |  |  |
|  Japanese Hotel Real Estate Private Equity Fund No.2 | 3174 | 2688 | 82 |  |  | (90) | (143) | 2537 |
|  Woori Seoul Beltway Private Special Asset Fund No.1 | 14179 | 12590 | 270 | 1724 |  | (268) |  | 14316 |
|  Woori General Private Securities Investment Trust(Bond) No.1 |  | 51686 | 586 |  | (50102) | (2170) |  |  |
|  Woori Short-term Bond Securities Investment Trust(Bond) ClassC-F | 100000 | 105564 | 345 |  |  | (4202) |  | 101707 |
|  Woori Safe Plus General Type Private Investment Trust S-8(Bond) |  | 10330 | 102 |  | (10003) | (429) |  |  |
|  Woori General Private Securities Investment Trust(Bond) No.2 |  | 30829 | 370 |  | (31199) |  |  |  |
|  Woori Smart General Private Equity Investment Trust 1(bond) | 40000 | 41135 | 1273 |  |  | (1795) |  | 40613 |
|  Woori General Private Securities Investment Trust(Bond) No.3 | 28988 | 51205 | 626 |  | (21510) |  |  | 30321 |
|  Woori Asset Global Partnership Fund No.5 | 37500 | 22071 | 527 | 15000 |  |  |  | 37598 |
|  WOORI TAERIM 1st Fund | 1100 | 988 |  |  |  |  |  | 988 |
|  Portone-Cape Fund No.1 | 340 | 445 | (210) |  |  |  |  | 235 |
|  DeepDive WOORI 2021-1 Financial Investment Fund | 8 | 1236 | (543) |  | (214) | (325) |  | 154 |
|  Darwin Green Packaging Private Equity Fund | 4000 | 3957 | (33) |  |  |  |  | 3924 |
|  Koreawide partners 2nd Private Equity Fund | 20000 | 19235 |  |  |  |  |  | 19235 |
|  Woori FirstValue Private Real Estate Fund No.2 | 9000 | 560 | 3 |  |  |  |  | 563 |
|  WooriG Real Infrastructure Blind General Type Private Placement Investment Trust |  | 55 |  |  | (55) |  |  |  |
|  Woori Together TDF 2025 | 3000 |  | 151 |  | 3245 |  |  | 3396 |
|  Woori Together TDF 2030 | 3000 | 3324 | 195 |  |  |  |  | 3519 |
|  Woori Together OCIO Target Return Feeder fund (Balance Bond) |  | 10376 |  |  | (10376) |  |  |  |
|  Australia Green Energy 1st PEF | 4913 | 4811 | (22) |  |  |  |  | 4789 |
|  Aarden Woori Apparel 1st Private Equity Fund | 100 | 133 | (38) |  |  |  |  | 95 |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Acquisition<br>cost | January 1,<br>2024 | Share of<br>profits(losses)<br>and others | Acquisition | Disposal/<br>Reclassification | Dividends | Change in<br>capital | June 30,<br>2024 |
|  Woori Dyno 1st Private Equity Fund | 2000 | 2358 | (2) |  |  |  |  | 2356 |
|  KTB-KORUS FUND | 3626 | 3359 |  |  |  |  |  | 3359 |
|  KTB China Platform Fund | 17023 | 16059 | (2164) |  |  | (13895) |  |  |
|  KTBN Venture Fund No.7 | 16972 | 16044 | (2641) |  |  | (13403) |  |  |
|  KTBN Venture Fund No.8 | 194 | 2511 | (145) |  |  | (569) |  | 1797 |
|  KTBN Digital Contents Korea Fund No.9 | 5329 | 5597 | (26) |  |  |  |  | 5571 |
|  KTBN Media Contents Fund | 330 | 283 | 1 |  |  |  |  | 284 |
|  KTB China Synergy Fund | 21629 | 20405 | (1167) |  |  | (3296) |  | 15942 |
|  NAVER-KTB Audio Contents Fund | 284 | 288 |  |  |  |  |  | 288 |
|  KTBN Venture Fund No.13 | 13279 | 14158 | (122) |  |  | (1801) |  | 12235 |
|  KTBN Future Contents Fund | 3892 | 4561 | (29) |  |  |  |  | 4532 |
|  KTBN Venture Fund No.16 | 17546 | 18561 | (403) |  |  | (4200) |  | 13958 |
|  KTBN Venture Fund No.18 | 26308 | 26970 | (197) |  |  |  |  | 26773 |
|  KB-KTB Technology Venture Fund | 7755 | 7600 | (56) |  |  |  |  | 7544 |
|  WOORI 2022 Scaleup Venture Fund | 14000 | 13578 | (237) |  |  |  |  | 13341 |
|  WOORI 2022 Start-up Venture Fund | 7804 | 2433 | (86) | 5240 |  |  |  | 7587 |
|  KTB-NHN China Private Equity Fund | 1272 | 3 | (1) |  |  | (2) |  |  |
|  KTBN GI Private Equity Fund | 189 | 617 | 138 |  |  | (718) | (36) | 1 |
|  Chirochem | 102 | 102 | 2 |  |  |  |  | 104 |
|  Daishin Balance No.18 Special Purpose Acquisition Company | 600 |  | (10) | 600 |  |  | 105 | 695 |
|  Godo Kaisha Oceanos 1 | 10800 | 7978 | 15 |  |  | (320) | (75) | 7598 |
|  Woori Zip 1 | 8445 | 7629 | (38) |  | (262) |  | (415) | 6914 |
|  Woori Zip 2 | 11641 | 10695 | (8) |  | (443) |  | (576) | 9668 |
|  KG Fashion Co., Ltd.(\*) |  |  |  |  |  |  |  |  |
|  KUM HWA Co., Ltd. (\*) |  |  |  |  |  |  |  |  |
|  Jinmyung Plus Co., Ltd. |  | 14 | (4) |  |  |  |  | 10 |
|  JC Assurance No.2 Private Equity Fund (\*) | 29349 |  |  |  |  |  |  |  |
|  Dream Company Growth no.1 PEF |  | 7809 | (1) |  | (7551) | (257) |  |  |
|  HMS-Oriens 1st Fund | 12000 | 14030 | 424 |  |  |  |  | 14454 |
|  Woori Senior Loan Private Placement Investment Trust No.1 | 31004 | 75590 | 1349 |  | (44509) | (1516) |  | 30914 |
|  Genesis Eco No.1 Private Equity Fund | 12000 | 10942 | 173 |  |  |  |  | 11115 |
|  Paratus Woori Material Component Equipment joint venture company | 17700 | 16979 | (133) |  |  |  |  | 16846 |
|  Midas No. 8 Private Equity Joint Venture Company | 18419 | 18465 | 403 |  |  | (530) |  | 18338 |
|  Orchestra Private Equity Fund IV | 9700 | 9555 | 125 |  |  |  |  | 9680 |
|  Synaptic Green No.1 PEF | 8000 | 7611 | (38) |  |  |  |  | 7573 |
|  IGEN2022No. 1 Private Equity Fund | 7422 | 7983 | 231 |  |  | (151) |  | 8063 |
|  PCC-Woori LP Secondary Fund | 10435 | 10530 | (150) |  |  |  |  | 10380 |
|  Synaptic Future Growth Private Equity Fund | 6437 | 7069 | 6174 | 970 | (1657) | (3867) |  | 8689 |
|  Woori-Q Corporate Restructuring Private Equity Fund | 25890 | 20283 | 229 | 8449 |  |  |  | 28961 |
|  Woori-Shinyoung Growth-Cap Private Equity Fund I | 17018 | 33481 | (3090) |  |  | (197) |  | 30194 |
|  NH Woori Newdeal Growth Alpha Private Equity Fund 1 | 29807 | 32987 | 17638 |  | (4303) | (9078) |  | 37244 |
|  Woori BIG2 Plus Securities Investment Trust(Balanced Bond) | 3200 | 2543 | (111) | 1005 | 229 | (70) |  | 3596 |
|  Woori Short Term Government and Special Bank Bond Active ETF |  | 12286 | 118 |  | (12404) |  |  |  |
|  Woori 25-09 Corporate Bond(AA- or higher) Active ETF | 29001 | 29821 | 799 |  |  |  |  | 30620 |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Acquisition<br>cost | January 1,<br>2024 | Share of<br>profits(losses)<br>and others | Acquisition | Disposal/<br>Reclassification | Dividends | Change in<br>capital | June 30,<br>2024 |
|  Woori General Private Securities Investment Trust No. 5 (bond) | 60000 |  | 1473 | 60000 |  |  |  | 61473 |
|  Woori Big Satisfaction General Private Securities Investment Trust No. 3 (bond) | 10000 |  | 212 | 10000 |  |  |  | 10212 |
|  Woori General Private Securities Investment Trust No. 6 (bond) | 40000 |  | 847 | 40000 |  |  |  | 40847 |
|  Woori Big Satisfaction Corporation MMF No. 1 (Government Bond) | 100000 |  | 2261 | 500000 | (397238) |  |  | 105023 |
|  Woorinara New Growth TOP 20 Securities Investment Trust No. 1 (Stocks) |  |  | 31 | 1000 | (1031) |  |  |  |
|  Woori Oncorp Corporate support of Major Industry General Type Private Investment Trust 2 | 2847 |  | 63 | 1355 | 1493 | (3) |  | 2908 |
|  Woorinara Short-Term Bond Securities Investment Trust (Bond) | 50200 |  | 341 | 50200 |  |  |  | 50541 |
|  Woori General Private Securities Investment Trust No. 7 (bond) | 40000 |  | 135 | 40000 |  |  |  | 40135 |
|  | 1688576 | 1795370 | 39609 | 740008 | (588850) | (78840) | (8016) | 1899281 |

---

---

| | |
|:---|:---|
| (\*) | The amount for which no loss was recognized for associates due to discontinuation of the equity method was nil for KUM HWA Co., Ltd., 10 million Won for Orient Shipyard Co.,Ltd., 20 million Won in KG FASHION CO., LTD., 19 million Won in ARAM CMC Co.,Ltd., 289 million Won in JC Assurance No.2 Private Equity Fund and the accumulated amount is 4 million Won for KUM HWA Co., Ltd., 38 million Won for Orient Shipyard Co.,Ltd., 140 million Won in KG FASHION CO., LTD., 19 million Won in ARAM CMC Co.,Ltd., 660 million Won in JC Assurance No.2 Private Equity Fund.  |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**13.** **OTHER ASSETS** 

Details of other assets are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | June 30, 2025 | December 31, 2024 |
|  Lease assets | 3892180 | 3965839 |
|  Prepaid expenses | 397761 | 359638 |
|  Advance payments | 185957 | 194881 |
|  Non-operational assets | 43378 | 44430 |
|  Others | 67901 | 40575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 4587177 | 4605363 |

---

**14.** **FINANCIAL LIABILITIES AT FVTPL** 

(1) Financial liabilities at FVTPL are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | June 30, 2025 | December 31, 2024 |
|  Financial instruments at fair value through profit or loss | 4515807 | 9348781 |
|  Financial liabilities designated to be measured at FVTPL | 572456 | 547816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 5088263 | 9896597 |

---

(2) Financial liabilities at fair value through profit or loss are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | June 30, 2025 | December 31, 2024 |
|  Deposits |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gold banking liabilities | 117540 | 74205 |
|  Borrowings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities sold | 147171 | 182478 |
|  Derivative liabilities | 4251096 | 9092098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 4515807 | 9348781 |

---

(3) Financial liabilities designated to be measured at FVTPL are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | December 31, 2024 | December 31, 2024 |
|  Deposits due to customers |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time deposits |  | 572456 |  | 547816 |

---

In accordance with documented risk management or investment strategies, the group manages a portfolio of financial instruments on a fair value basis and evaluates their performance. Therefore, under K-IFRS 1109 *Financial Instrument*, financial liabilities are designated to be measured at FVTPL as this provides more relevant information.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(4) Changes in fair value due to change in credit risk reflected in financial liabilities designated to be measured
at FVTPL are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the six-month periods ended June 30 | For the six-month periods ended June 30 |
|  | 2025 | 2024 |
|  Financial liabilities designated to be measured at FVTPL at the end of each period | 572456 | 329983 |
|  Changes in fair value due to change in credit risk (\*) | (25) | (1137) |
|  Accumulated change in fair value due to change in credit risk | (1856) | (1137) |

---

---

| | |
|:---|:---|
| (\*) | The amounts recognized in other comprehensive income related to financial liabilities designated to be measured at FVTPL are 25 million Won and 1,137 million Won during the six-month periods ended June 30, 2025 and 2024, with an accumulated profit of 1,856 million Won and 1,137 million Won.  |

---

The adjustment to reflect the Group's credit risk is considered in measuring the fair value of deposits due to customers. The Group's credit risk is determined by adjusting credit spread observed in credit rating of the Group.

(5) The difference between carrying amount and maturity amount of financial liabilities designated to be measured
at FVTPL are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | December 31, 2024 | December 31, 2024 |
|  Carrying amount |  | 572456 |  | 547816 |
|  Nominal amount at maturity |  | 540000 |  | 530000 |
|  Difference |  | 32456 |  | 17816 |

---

**15.** **DEPOSITS DUE TO CUSTOMERS** 

Details of deposits due to customers by type are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | June 30, 2025 | December 31, 2024 |
|  Deposits in local currency: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits on demand | 9102777 | 7880603 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Savings deposits with withdrawal on demand | 119877149 | 115527487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other savings deposits | 176937122 | 175380553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mutual installment | 19113 | 19901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits on notes payables | 4350494 | 4000894 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits on CMA | 116951 | 120666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certificate of deposits | 9326182 | 11742425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other deposits | 997628 | 1037811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 320727416 | 315710340 |
|  Deposits in foreign currencies: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency deposits | 48616093 | 50988673 |
|  Present value discount | (81133) | (144359) |
|  Customers' deposits for beneficiary | 215423 | 266502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 369477799 | 366821156 |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**16.** **BORROWINGS AND DEBENTURES** 

(1) Details of borrowings are as follows (Unit: Korean Won in millions):

---

| | | | |
|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | June 30, 2025 |
|  | Lenders | Interest rate (%) | Amount |
|  Borrowings in local currency: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings from The BOK | The BOK | 1 | 1961304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings from government funds | Small Enterprise and Market Service and others | 0.0 ~ 3.5 | 2265668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | The Korea Development Bank and others | 0.0 ~ 4.7 | 7380790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total |  |  | 11607762 |
|  Borrowings in foreign currencies: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings in foreign currencies | The Export-Import Bank of Korea and others | 0.5 ~ 12 | 13560843 |
|  Bills sold | Others | 0.0 ~ 2.4 | 2776 |
|  Call money | Bank and others | 1.7 ~ 12 | 1437250 |
|  Bonds sold under repurchase agreements | Nonghyup Bank Co.,Ltd. and others | 1.0 ~ 14.9 | 4811704 |
|  Present value discount |  |  | (2061) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total |  |  | 31418274 |
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Lenders | Interest rate (%) | Amount |
|  Borrowings in local currency: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings from The BOK | The BOK | 1.5 | 1981928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings from government funds | Small Enterprise and Market Service and others | 0.0 ~ 3.5 | 2165257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | The Korea Development Bank and others | 0.0 ~ 5.6 | 7955941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total |  |  | 12103126 |
|  Borrowings in foreign currencies: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings in foreign currencies | The Export-Import Bank of Korea and others | 0.0 ~ 12 | 15081035 |
|  Bills sold | Others | 0.0 ~ 2.7 | 3690 |
|  Call money | Bank and others | 1.7 ~ 4.9 | 1402780 |
|  Bonds sold under repurchase agreements | Other financial institutions | 1.0 ~ 12.2 | 1530767 |
|  Present value discount |  |  | (4367) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total |  |  | 30117031 |

---

(2) Details of debentures are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | December 31, 2024 | December 31, 2024 |
|  | Interest rate (%) | Amount | Interest rate (%) | Amount |
|  Face value of bond (\*): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ordinary bonds | 0.8 ~ 7.5 | 42610147 | 0.8 ~ 7.5 | 41665997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subordinated bonds | 1.9 ~ 5.1 | 4797636 | 1.9 ~ 5.1 | 4421380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other bonds | 3.2 ~ 17.0 | 1854125 | 1.6 ~ 17.0 | 2250672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total |  | 49261908 |  | 48338049 |
|  Discounts on bonds |  | (95067) |  | (130946) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total |  | 49166841 |  | 48207103 |

---

---

| | |
|:---|:---|
| (\*) | Included debentures under fair value hedge amounting to 3,773,444 million Won and 3,952,047 million Won as of June 30, 2025 and December 31, 2024 respectively. Also, debentures under cash flow hedge amounting to 1,623,350 million Won and 1,860,100 million Won are included as of June 30, 2025 and December 31, 2024 respectively.  |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**17.** **PROVISIONS** 

(1) Details of provisions are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | June 30, 2025 | December 31, 2024 |
|  Asset retirement obligation | 103647 | 97772 |
|  Provisions for guarantees (\*1) | 68765 | 71470 |
|  Provisions for unused loan commitments | 129796 | 137562 |
|  Other provisions (\*2) | 318337 | 304624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 620545 | 611428 |

---

(\*1) Provisions for guarantees include provision for financial guarantee of 42,404 million won and 48,785 million won as of June 30, 2025 and December 31, 2024, respectively.

(\*2) Other provisions consist of provision for litigation, loss compensation and others.

(2) Changes in provisions for guarantees and unused loan commitments are as follows (Unit: Korean Won in millions):

1) Provisions for guarantees

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Stage1 | Stage2 | Stage3 | Total |
|  Beginning balance | 57309 | 2534 | 11627 | 71470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit loss | 531 | (531) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to expected credit loss for the entire period | (307) | 307 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | (68) | (39) | 107 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net provision (reversal) of unused amount | 1707 | 2227 | (5154) | (1220) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | (1478) | (6) | (1) | (1485) |
|  Ending balance | 57694 | 4492 | 6579 | 68765 |

---

(\*) Recognized as a result of changes in financial guarantee liabilities.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Stage1 | Stage2 | Stage3 | Total |
|  Beginning balance | 70678 | 2800 | 7225 | 80703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit loss | 428 | (428) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to expected credit loss for the entire period | (313) | 313 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | (22) |  | 22 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net provision (reversal) of unused amount | (6783) | 209 | 1110 | (5464) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | 1956 | 3 | 1 | 1960 |
|  Ending balance | 65944 | 2897 | 8358 | 77199 |

---

(\*) Recognized as a result of changes in financial guarantee liabilities.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

2) Provisions for unused loan commitment

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Stage1 | Stage2 | Stage3 | Total |
|  Beginning balance | 108218 | 24896 | 4448 | 137562 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit loss | 6655 | (6636) | (19) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to expected credit loss for the entire period | (3387) | 3392 | (5) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | (283) | (338) | 621 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net provision (reversal) of unused amount | (6787) | 3371 | (2982) | (6398) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | (1368) |  |  | (1368) |
|  Ending balance | 103048 | 24685 | 2063 | 129796 |
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Stage1 | Stage2 | Stage3 | Total |
|  Beginning balance | 108775 | 26328 | 232 | 135335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit loss | 9023 | (9002) | (21) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to expected credit loss for the entire period | (3135) | 3144 | (9) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | (290) | (377) | 667 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net provision (reversal) of unused amount | (9288) | 8135 | (10) | (1163) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 631 | 133 | 208 | 972 |
|  Ending balance | 105716 | 28361 | 1067 | 135144 |

---

(3) Changes in asset retirement obligation for the six-month periods ended
June 30, 2025 and 2024, are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the six-month period ended June 30 | For the six-month period ended June 30 |
|  | 2025 | 2024 |
|  Beginning balance | 97772 | 95179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provisions provided | 2193 | 3584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provisions used | (5486) | (3303) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal of provisions unused | (292) | (839) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unwinding of discount | 679 | 729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (decrease) of restoration expense, etc. | 8781 | 1043 |
|  Ending balance | 103647 | 96393 |

---

The amount of the asset retirement obligation is the present value of the best estimate of future expected expenditure to settle the obligation – arising from leased property as of June 30, 2025, discounted by appropriate discount rate. The restoration cost is expected to occur by the end of each property's lease period, and the Group has used average lease period of each category of leases terminated during the past years in order to rationally estimate the lease period. In addition, the Group used average amount of actual recovery cost for the past 3 years and the inflation rate for last year in order to estimate future recovery cost.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(4) Changes in other provisions for the six-month periods ended
June 30, 2025 and 2024, are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the six-month period ended June 30 | For the six-month period ended June 30 |
|  | 2025 | 2024 |
|  Beginning balance | 304624 | 494814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provisions provided | 16562 | 14178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provisions used | (2405) | (176461) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal of provisions unused | (219) | (11054) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies translation adjustments | 1 | 90 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | (226) | 4275 |
|  Ending balance | 318337 | 325842 |

---

(5) Others

1) The Group recognized provisions related to incomplete sales of Derivative Linked Fund (DLF) occurring in 2019 as the best estimate of expenditure, including fines, required to fulfil its current obligations.

2) The Group recognized provisions for estimated compensation amounts related to the prepayment arising from the delay in the redemption of funds before the prior fiscal year and the dispute settlement as the best estimate of the expenditure amounting to 247,410 million won and 246,422 million Won as of June 30, 2025 and 2024. In addition, The Group recognized provision amounting to 424 million Won and 781 million Won for estimated compensation of expected customer loss related to equity-linked securities as of June 30, 2025 and 2024. 

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**18.** **NET DEFINED BENEFIT LIABILITY(ASSET)** 

The Group's pension plan is based on the defined benefit retirement pension plan. Employees and directors with one or more years of service are entitled to receive a payment upon termination of their employment, based on their length of service and rate of salary at the time of termination. The assets of the plans are measured at their fair value at the end of reporting date. The plan liabilities are measured using the projected unit method, which takes account of projected earnings increases, using actuarial assumptions that give the best estimate of the future cash flows that will arise under the plan liabilities.

The Group is exposed to various risks through defined benefit retirement pension plan, and the most significant risks are as follows:

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Volatility of asset | The defined benefit obligation was estimated with an interest rate calculated based on the return on high quality corporate bond. A deficit may occur if the rate of return of plan assets falls short of the interest rate. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Decrease in the return on high quality corporate bond | A decrease in the return on high quality corporate bond will be offset by some increase in the value of debt securities that the employee benefit plan owns but will bring an increase in the defined benefit obligation. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Risk of inflation | Defined benefit obligations are related to inflation rate; the higher the inflation rate is, the higher the level of liabilities. Therefore, deficit occurs in the system if an inflation rate increases. |

---

(1) Details of net defined benefit liability(asset) are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | June 30, 2025 | December 31, 2024 |
|  Present value of defined benefit obligation | 1883914 | 1751605 |
|  Fair value of plan assets | (1861256) | (1892290) |
|  Net defined benefit liabilities (assets) | 22658 | (140685) |

---

(2) Amounts related to the defined benefit plan that are recognized in the consolidated statements of comprehensive
income are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the six-month period ended June 30 | For the six-month period ended June 30 |
|  | 2025 | 2024 |
|  Current service cost | 75995 | 71314 |
|  Past service cost (\*1) | 26469 |  |
|  Net interest expense | (4386) | (6964) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost recognized in net income | 98078 | 64350 |
|  Remeasurements (\*2) | 121380 | 67742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost recognized in total comprehensive income | 219458 | 132092 |

---

(\*1) This was caused by changes in the criteria for assessing ordinary wages during the six-month period ended June 30, 2025.

---

| | |
|:---|:---|
| (\*2) | Amount before tax  |

---

Retirement benefits related to defined contribution plans recognized as expenses are 4,033 million won, and 2,644 million won for the six-month periods ended June 30, 2025 and 2024, respectively.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**19.** **OTHER FINANCIAL LIABILITIES AND OTHER LIABILITIES** 

Other financial liabilities and other liabilities are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | June 30, 2025 | December 31, 2024 |
|  Other financial liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accounts payable | 19499914 | 7250633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued expenses | 4717622 | 4694493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Segregated account debit balance | 6221313 | 6769383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Agency fees received | 597566 | 733990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange payables | 745609 | 902564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Domestic exchange settlement credits | 4250859 | 7592473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lease liabilities | 520728 | 527090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other miscellaneous financial liabilities | 4072736 | 3857393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Present value discount | (12399) | (13968) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 40613948 | 32314051 |
|  Other liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unearned income | 344590 | 407525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other miscellaneous liabilities | 411283 | 388973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 755873 | 796498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 41369821 | 33110549 |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**20.** **DERIVATIVES** 

(1) Derivative assets and derivative liabilities are as follows (Unit: Korean Won in millions):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 |
|  | | Assets | Assets | Assets | Liabilities | Liabilities | Liabilities |
|  |<br>Nominal<br>amount | For cash<br>flow hedge | For fair value<br>hedge | For<br>trading | For cash<br>flow hedge | For fair value<br>hedge | For trading |
|  Interest rate: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures | 314902 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forwards | 3570000 |  |  | 57602 |  |  | 283390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Swaps | 132271862 |  | 29057 | 267230 |  | 49542 | 125712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written options | 340000 |  |  |  |  |  | 9886 |
|  Currency: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures | 868 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forwards | 93042674 |  |  | 1851442 |  |  | 1355573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Swaps | 74889709 | 92318 |  | 2355902 | 26327 |  | 2473354 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchase options | 252369 |  |  | 3557 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written options | 402614 |  |  |  |  |  | 3181 |
|  Equity: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forwards | 326 |  |  | 195 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchase options | 1711 |  |  | 1021 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 305087035 | 92318 | 29057 | 4536949 | 26327 | 49542 | 4251096 |
|  |  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  |  | Assets | Assets | Assets | Liabilities | Liabilities | Liabilities |
|  | Nominal<br>amount | For cash<br>flow hedge | For fair value<br>hedge | For<br>trading | For cash<br>flow hedge | For fair value<br>hedge | For trading |
|  Interest rate: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures | 449127 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forwards | 3530000 |  |  | 52855 |  |  | 274980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Swaps | 138816980 |  | 10102 | 308333 | 180 | 102635 | 199761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchase options | 50000 |  |  | 81 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written options | 360000 |  |  |  |  |  | 10595 |
|  Currency: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures | 2837 |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forwards | 111927474 |  |  | 5638032 |  |  | 1805299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Swaps | 85880218 | 165089 |  | 4089265 |  |  | 6796459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchase options | 175221 |  |  | 4779 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written options | 265182 |  |  |  |  |  | 3603 |
|  Equity: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forwards | 1520 |  |  | 182 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Swaps | 7698 |  |  |  |  |  | 1401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchase options | 1767 |  |  | 1005 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written options |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 341468024 | 165089 | 10102 | 10094532 | 180 | 102635 | 9092098 |

---

Derivatives held for trading are classified into financial assets at FVTPL (Note 7) and financial liabilities at FVTPL (Note 14), and derivatives designated for hedging are presented as a separate line item in the consolidated statements of financial position.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(2) Overview of the Group's hedge accounting

1) Fair value hedge

As of June 30, 2025, the Group has applied fair value hedge on fixed interest rate foreign currency denominated bonds amounting to 3,527,673 million Won, and local currency denominated bonds amounting to 245,771 million Won. The purpose of the hedging is to avoid fair value volatility risk of fixed interest rate foreign and local currency denominated debentures derived from fluctuations of market interest rate, and as such the Group entered into interest rate swap agreements designated as hedging instruments.

Pursuant to the interest rate swap agreement, by swapping the calculated difference between the fixed interest rate and floating interest rate applied to the nominal value, the fair value fluctuation risk is hedged as the foreign currency denominated debentures and local currency debentures fixed interest rate terms are converted to floating interest rate. Pursuant to the interest rate swap agreement, hedge ratio is determined by matching the nominal value of hedging instrument to the face value of the hedged item.

In this hedging relationship, only the market interest rate fluctuation, which is the most significant part of the fair value change of the hedged item, is designated as the hedged risk, and other risk factors including credit risk are not included in the hedged risk. Therefore, the ineffective portion of the hedge could arise from fluctuations in the timing of the cash flow of the hedged item, price margin set by counterparty of hedging instrument, and unilateral change in credit risk of any party of hedging instrument.

The interest rate swap agreements and the hedged items are subject to fluctuations in the underlying market rate of interest and the Group expects the fair value of the interest rate swap contract and the value of the hedged item to generally change in the opposite direction.

The fair value of the interest rate swap at the end of the reporting period is determined by discounting future cash flows estimated by using the yield curve at the end of the reporting period and the credit risk embedded in the contract and the average interest rate is determined based on the outstanding balance at the end of the reporting period. The variable interest rate applied to the interest rate swap is Compounding SOFR or CD 3M plus spread. In accordance with the terms of each interest rate swap contract designated as a hedging instrument, the Group receives interest at a fixed interest rate and pays interest at a variable interest rate.

2) Cash Flow Hedge

As of June 30, 2025, the Group has applied cash flow hedge on foreign currency denominated bonds amounting to 1,623,350 million won. The Group's hedging strategies are to ① Mitigate risks of cash flow fluctuation from variable interest rate debentures on local currency due to changes in market interest rate by entering into an interest rate swap contract and thereby designating it as hedging instrument; ② Mitigate the risks of cash flow fluctuation from principal and interest of variable interest rate debentures denominated in foreign currency due to changes in foreign exchange rates and interest rates by entering into a currency swap contract and thereby designating it as hedging instrument; ③ Mitigate the risks of cash flow fluctuation from principal and interest of fixed interest rate debentures denominated in foreign currency due to changes in foreign exchange rates and ④ Mitigate the risks of cash flow fluctuation in variable interest rate foreign currency borrowings resulting from changes in market interest rates and designate it as a hedging instrument through entering into currency swap contracts and interest rate swap contracts.

By exchanging a predetermined nominal amount as set forth in the interest rate swap contract adjusted by the differences between the fixed and variable interest rates, the variable interest rate terms of the Korean won-denominated variable rate bond are converted to fixed interest rate terms, thereby eliminating the cash flow volatility risk. In addition, this also means a payment of predetermined principal amount as set forth in the currency swap adjusted by fixed interest rate, an exchange of an amount calculated by applying variable interest rate to USD or applying fixed interest rate to USD, and an exchange of the principal denominated in KRW and principal denominated in foreign currency at maturity eliminating cash flow fluctuation risk on principal and interest. The hedge ratio is determined by matching the nominal amount of the hedging instrument to the face amount of the hedged item in accordance with interest rate swap and currency swap.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

Only interest rate and foreign exchange rate fluctuation risks, which are the most significant factor in the cash flow fluctuation of the hedged item, are addressed in this hedging relationship, and other risk factors such as credit risk are not subject to hedging. Accordingly, hedge ineffectiveness may arise from price margin set by the counterparty of hedging instruments and unilateral change in credit risk of any party in the transaction.

The interest rate swap, currency swap contract and the hedged item are all affected by the changes in market interest rate and foreign exchange rates which are basic factors. The Group expects that the value of interest rate swap contract, currency swap contract and value of the hedged item will generally fluctuate in opposite direction.

3) Hedges of Net Investment in Foreign Operations

Foreign currency exposure arises from the Group's net investments in Woori America Bank, Woori Bank (Cambodia) PLC, Woori Global Markets Asia Limited, and overseas branch which use USD as their functional currency. The risk arises from fluctuations in the spot exchange rate between USD and KRW. This may result in different net investment amounts.

The risk hedged in the net investment hedging is the fluctuation risk of KRW against USD, which may reduce the carrying amount of the Group's net investments in Woori America Bank, Woori Bank (Cambodia) PLC, Woori Global Markets Asia Limited, and overseas branch.

A portion of the Group's net investments in Woori America Bank, Woori Bank (Cambodia) PLC, Woori Global Markets Asia Limited, and overseas branch are hedged in USD denominated foreign currency bonds (Carrying amount as of June 30, 2025: USD 863,959,317) and mitigate foreign exchange risk arising from the net assets of subsidiaries. The debenture has been designated as a hedging instrument for the value change of net investments, which arises from fluctuation in the spot exchange rate between USD and KRW.

To evaluate the effectiveness of the hedge, the Group determines the economic relationship between the hedging instrument and hedged item by comparing (offsetting) changes in the amount of foreign investments due to spot exchange rate fluctuation and in the carrying amount of the liabilities due to spot exchange rate fluctuation. The Group's policy is to hedge the net investment amount only within the principal range of the liabilities.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(3) The nominal amount of the hedging instrument is as follows (Unit: USD, EUR, and Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 |
|  | 1 year or less | 1 year to 5<br>years | More than 5<br>years | Total |
|  Fair value hedge | Fair value hedge | Fair value hedge | Fair value hedge | Fair value hedge |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate risk |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swap (USD) | 550000000 | 2100000000 |  | 2650000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swap (KRW) |  |  | 245000 | 245000 |
|  Cash flow hedge |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies translation risk and interest rate risk |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency swap (USD) |  | 870000000 |  | 870000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies translation risk |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency swap (USD) |  | 100000000 |  | 100000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency swap (EUR) |  | 194780000 |  | 194780000 |
|  Hedges of net investment in foreign operations |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exchange risk |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency bond (USD) |  | 863959317 |  | 863959317 |
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | 1 year or less | 1 year to 5<br>years | More than 5<br>years | Total |
|  Fair value hedge | Fair value hedge | Fair value hedge | Fair value hedge | Fair value hedge |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate risk |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swap (USD) | 25000000 | 2650000000 |  | 2675000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swap (KRW) |  |  | 155000 | 155000 |
|  Cash flow hedge |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate risk |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swap (KRW) | 140000 |  |  | 140000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies translation risk and interest rate risk |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency swap (USD) |  | 870000000 |  | 870000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies translation risk |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency swap (USD) |  | 100000000 |  | 100000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency swap (EUR) |  | 194780000 |  | 194780000 |
|  Hedges of net investment in foreign operations<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exchange risk |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency bond (USD) | 191568880 | 672390437 |  | 863959317 |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(4) The average interest rate and average currency rate of the hedging instrument are as follows:

---

| | |
|:---|:---|
|  | June 30, 2025 |
|  | Average interest rate and average exchange rate |
|  Fair value hedge<br>|  |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest rate risk |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swap (USD) | Fixed 3.47% receipt and (C.SOFR) + 1.06% paid |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swap (KRW) | Fixed 3.95% receipt and CD 3M + 0.01% paid |
|  Cash flow hedge<br>|  |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign currencies translation risk and interest rate risk |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency swap (USD) | USD 1M SOFR+ 0.93% receipt, KRW 3.79% paid, USD/KRW = 1,344.45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies translation risk |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency swap (USD) | USD 1.75% receipt, KRW 1.63% paid, USD/KRW = 1,138.50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency swap (EUR) | EUR 1.98% receipt, KRW 3.40% paid, EUR/KRW = 1,344.08 |
|  Hedges of net investment |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exchanging rate risk |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency denominated debentures(USD/KRW) | 1427.37 |
|  | December 31, 2024 |
|  | Average interest rate and average exchange rate |
|  Fair value hedge |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest rate risk |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swap (USD) | Fixed 3.47% receipt and (C.SOFR) + 1.06% paid |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swap (KRW) | Fixed 4.52% receipt and CD 3M + 0.02% paid |
|  Cash flow hedge |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest rate risk |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swap (KRW) | KRW CMS 5Y+0.46% receipt, 3.65% paid |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies translation risk and interest rate risk |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency swap (USD) | USD 1M SOFR+0.93% receipt, KRW 3.79% paid, USD/KRW = 1,344.45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies translation risk |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency swap (USD) | USD 1.75% receipt, KRW 1.63% paid, USD/KRW = 1,138.50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency swap (EUR) | EUR 1.98% receipt, KRW 3.40% paid, EUR/KRW = 1,344.08 |
|  Hedges of net investment<br>Exchanging rate risk |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency<br>denominated debentures(USD/KRW) | 1363.09 |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(5) The amounts related to items designated as hedging instruments are as follows (Unit: USD, EUR, and Korean Won in
millions):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 |
|  | Nominal amount of the<br>hedging instrument | Carrying amount of the hedging<br>instrument | Carrying amount of the hedging<br>instrument | Line item in the statement<br> of financial position<br> where the hedging<br> instrument is located | Changing in fair<br>value used for<br>calculating hedge<br>ineffectiveness |
|  | Nominal amount of the<br>hedging instrument | Assets | Liabilities | Line item in the statement<br> of financial position<br> where the hedging<br> instrument is located | Changing in fair<br>value used for<br>calculating hedge<br>ineffectiveness |
|  Fair value hedge |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate risk |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate Swap(USD) | 2650000000 |  |  | Derivative assets<br> (designated for hedging) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate Swap(KRW) | 245000 | 29057 | 49542 | Derivative liabilities<br> (designated for hedging) | 71788 |
|  Cash flow hedge |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate risk |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swap(KRW) (\*) |  |  |  | Derivative assets<br> (designated for hedging) | 180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation risk and interest rate risk |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency swap(USD) | 870000000 | 27953 | 26327 | Derivative assets<br> (designated for hedging)<br> Derivative liabilities<br> (designated for hedging) | (102128) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation risk |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency swap(USD) | 100000000 | 19799 |  | Derivative assets<br> (designated for hedging) | (9929) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency swap(EUR) | 194780000 | 44566 |  | Derivative assets<br> (designated for hedging) | 13589 |
|  Hedges of net investment in foreign operations |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exchange rate risk |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency bond(USD) | 863959317 |  | 1171874 | Foreign currency bond | 98145 |

---

---

| | |
|:---|:---|
| (\*) | Derivative transactions have been settled, resulting in no derivative asset or liability amounts during the six-month period ended June 30, 2025.  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Nominal amounts of the<br>hedging instrument | Carrying amount of the hedging<br>instrument | Carrying amount of the hedging<br>instrument | Line item in the statement<br> of financial position<br> where the hedging<br> instrument is located | Changing in fair<br>value used for<br>calculating hedge<br>ineffectiveness |
|  | Nominal amounts of the<br>hedging instrument | Assets | Liabilities | Line item in the statement<br> of financial position<br> where the hedging<br> instrument is located | Changing in fair<br>value used for<br>calculating hedge<br>ineffectiveness |
|  Fair value hedge |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate risk |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate Swap(USD) | 2675000000 |  |  | Derivative assets<br> (designated for hedging) | 5265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate Swap(KRW) | 155000 | 10102 | 102635 | Derivative liabilities<br> (designated for hedging) |  |
|  Cash flow hedge |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate risk |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swap(KRW) | 140000 |  | 180 | Derivative assets<br> (designated for hedging) | 211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation risk and interest rate risk |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency swap(USD) | 870000000 | 104320 |  | Derivative assets<br> (designated for hedging)<br> Derivative liabilities<br> (designated for hedging) | 110714 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency translation risk |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency swap(USD) | 100000000 | 29861 |  | Derivative assets<br> (designated for hedging) | 18623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Currency swap(EUR) | 194780000 | 30908 |  | Derivative assets<br> (designated for hedging) | 22512 |
|  Hedges of net investment in foreign operations |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exchange rate risk |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency bond(USD) | 863959317 |  | 1270020 | Foreign currency bond | (156015) |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(6) Details of carrying amount to hedge and amount due to hedge accounting are as follows (Unit: Korean Won in
millions):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 |
|  | Carrying amount of the<br>hedged item | Carrying amount of the<br>hedged item | Accumulated amount of fair<br>value hedge adjustments on<br>the hedged item included in<br>the carrying amount of the<br>hedged item | Accumulated amount of fair<br>value hedge adjustments on<br>the hedged item included in<br>the carrying amount of the<br>hedged item | Line item in the statement of<br>financial position in which the<br>hedged item is included | Changing in<br>fair value used<br>for calculating<br>hedge<br>ineffectiveness | Cash flow<br>hedge<br>reserve<br>(\*2) |
|  | Assets | Liabilities | Assets | Liabilities | Line item in the statement of<br>financial position in which the<br>hedged item is included | Changing in<br>fair value used<br>for calculating<br>hedge<br>ineffectiveness | Cash flow<br>hedge<br>reserve<br>(\*2) |
|  Fair value hedge |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate risk |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debentures(\*1) |  | 3773444 |  | 55904 | Debentures | (56649) |  |
|  Cash flow hedge |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate risk |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debentures (\*3) |  |  |  |  | Debentures | (180) |  |
|  Foreign currencies translation risk and interest rate risk |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debentures |  | 1177934 |  |  | Debentures | 102128 | (10166) |
|  Foreign currencies translation risk |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debentures |  | 445416 |  |  | Debentures | (3660) | (5151) |
|  Hedges of net investment in foreign operations |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exchange rate risk |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign operations net asset |  | 1171874 |  |  | Foreign operations net asset | (98145) | (77342) |

---

---

| | |
|:---|:---|
| (\*1) | The accumulated profit on debentures on foreign currency amounted to 55,133 million won, and the accumulated loss on debentures on local currency amounted to 771 million won, as of June 30, 2025.  |

---

---

| | |
|:---|:---|
| (\*2) | After tax amount  |

---

---

| | |
|:---|:---|
| (\*3) | Derivative transactions have been settled, resulting in no derivative asset or liability amounts during the six-month period ended June 30, 2025.  |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Carrying amount of the<br>hedged item | Carrying amount of the<br>hedged item | Accumulated amount of fair<br>value hedge adjustments on<br>the hedged item included in<br>the carrying amount of the<br>hedged item | Accumulated amount of fair<br>value hedge adjustments on<br>the hedged item included in<br>the carrying amount of the<br>hedged item | Line item in the statement of<br>financial position in which the<br>hedged item is included | Changing in<br>fair value used<br>for calculating<br>hedge<br>ineffectiveness | Cash flow<br>hedge<br>reserve<br>(\*2) |
|  | Assets | Liabilities | Assets | Liabilities | Line item in the statement of<br>financial position in which the<br>hedged item is included | Changing in<br>fair value used<br>for calculating<br>hedge<br>ineffectiveness | Cash flow<br>hedge<br>reserve<br>(\*2) |
|  Fair value hedge |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate risk |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debentures (\*1) |  | 3952047 |  | 129306 | Debentures | (17417) |  |
|  Cash flow hedge |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate risk |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debentures |  | 139987 |  |  | Debentures | (211) | (133) |
|  Foreign currencies translation risk and interest rate risk |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debentures |  | 1275768 |  |  | Debentures | (110714) | (7825) |
|  Foreign currencies translation risk |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debentures |  | 444345 |  |  | Debentures | (41134) | (7479) |
|  Hedges of net investment in foreign operations |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exchange rate risk |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign operations net asset |  | 1270020 |  |  | Foreign operations net asset | 156015 | (149577) |

---

---

| | |
|:---|:---|
| (\*1) | The accumulated profit on debentures on foreign currency amounted to 124,647 million Won, and the accumulated loss on debentures on local currency amounted to 4,659 million Won, as of December 31, 2024.  |

---

---

| | |
|:---|:---|
| (\*2) | After tax amount  |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(7) Amounts recognized in profit or loss due to the ineffective portion of fair value hedges are as follows (Unit:
Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  |  | Hedge ineffectiveness<br>recognized in profit<br>or loss | Hedge ineffectiveness<br>recognized in profit<br>or loss | Line item in the profit or loss that includes<br>hedge ineffectiveness |
|  Fair value hedge | Interest rate risk |  | 15139 | Other net operating income(expense) |

---

---

| | | | |
|:---|:---|:---|:---|
|  |  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  |  | Hedge ineffectiveness<br>recognized in profit or<br>loss | Line item in the profit or loss that includes<br>hedge ineffectiveness |
|  Fair value hedge | Interest rate risk | (6635) | Other net operating income(expense) |

---

(8) Reclassification of profit or loss from other comprehensive income and equity related to cash flow hedges are
as follows (Unit: Korean Won in millions):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  |  | Changes in<br>the value of<br>hedging<br>instruments<br>recognized in<br>OCI | Hedge<br>ineffectiveness<br>recognized in<br>profit or loss | Changes in<br>the value<br>of foreign<br>basis<br>spread<br>recognized<br>in OCI | Line item<br>recognized in the<br>profit or loss | Amounts<br>reclassified<br>from cash<br>flow hedge<br>reserve to<br>profit or<br>loss | Line item<br>affected in profit or<br>loss due to<br>reclassification |
|  Cash flow hedge | Interest rate risk | 180 |  |  | Other net operating income (expense) |  | Other net operating income (expense) |
|  | Foreign currencies translation risk and interest rate risk | (102128) |  | (567) | Other net operating income (expense) | 98832 | Other net operating income (expense) |
|  | Foreign currencies translation risk | 3660 |  | (65) | Other net operating income (expense) | (925) | Other net operating income (expense) |
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  |  | Changes in<br>the value of<br>hedging<br>instruments<br>recognized in<br>OCI | Hedge<br>ineffectiveness<br>recognized in<br>profit or loss | Changes in<br>the value<br>of foreign<br>basis<br>spread<br>recognized<br>in OCI | Line item<br>recognized in the<br>profit or loss | Amounts<br>reclassified<br>from cash<br>flow hedge<br>reserve to<br>profit or<br>loss | Line item<br>affected in profit or<br>loss due to<br>reclassification |
|  Cash flow hedge | Interest rate risk | 338 |  |  | Other net operating income (expense) |  | Other net operating<br> income (expense) |
|  | Foreign currencies translation risk and interest rate risk | 49780 |  | 2593 | Other net operating income (expense) | (46906) | Other net operating<br> income (expense) |
|  | Foreign currencies translation risk | 19277 |  | 1376 | Other net operating income (expense) | (21760) | Other net operating<br> income (expense) |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(9) The amounts recognized in profit or loss and other comprehensive income related to the hedging of net
investments in foreign operations are as follows (Unit: Korean Won in millions):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 |
|  |  | Other comprehensive income | Other comprehensive income | Other comprehensive income | Profit or loss | Profit or loss |
|  |  | Hedge gain or loss<br>recognized in other<br>comprehensive income | Income<br>tax effect | Sub-total | Hedge ineffectiveness<br>recognized in profit<br>or loss | Line item<br>recognizing<br>ineffectiveness |
|  Hedges of net investment in foreign operations | Foreign<br>exchange<br>risk | 98145 | (25910) | 72235 |  |  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  | June 30, 2024 | June 30, 2024 | June 30, 2024 | June 30, 2024 | June 30, 2024 |
|  |  | Other comprehensive income | Other comprehensive income | Other comprehensive income | Profit or loss | Profit or loss |
|  |  | Hedge gain or loss<br>recognized in other<br>comprehensive income | Income tax<br>effect | Sub-total | Hedge ineffectiveness<br>recognized in profit or<br>loss | Line item<br>recognizing<br>ineffectiveness |
|  Hedges of net investment in foreign operations | Foreign<br>exchange<br>risk | (86208) | 22759 | (63449) |  |  |

---

No amount was reclassified from reserve of hedges of net investment in foreign operations to profit or loss for the six-month periods ended June 30, 2025 and 2024.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**21.** **EQUITY** 

(1) Details of equity as of June 30, 2025 and December 31, 2024 are as follows (Unit: Korean Won in
millions):

---

| | | |
|:---|:---|:---|
|  | June 30, 2025 | December 31, 2024 |
|  Capital |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stock capital | 3802676 | 3802676 |
|  Hybrid securities | 3510947 | 3810435 |
|  Capital surplus |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Paid in capital in excess of par | 854499 | 854499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 79852 | 79601 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 934351 | 934100 |
|  Capital adjustments |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Treasury stocks | (185517) | (35517) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other adjustments (\*1) | (1648979) | (1699038) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | (1834496) | (1734555) |
|  Accumulated other comprehensive income |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain (loss) on credit risk fluctuation of financial liabilities designated to be measured at FVTPL | 1366 | 1348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTOCI | 150536 | 60438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes in capital due to equity method | (3911) | (1886) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain (loss) on foreign currency translation of foreign operations | 147497 | 523780 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain (loss) on hedges of net investment in foreign operations | (77342) | (149577) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Remeasurements of defined benefit plan | (176071) | (86218) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain (loss) on valuation of cash flow hedge | (14094) | (14215) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 27981 | 333670 |
|  Retained earnings (\*2) (\*3) | 27734027 | 26950510 |
|  Non-controlling interest (\*4) | 1540032 | 1798433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 35715518 | 35895269 |

---

(\*1) Included 178,060 million Won in capital transaction gains and losses recognized by Woori Bank and (formerly) Woori Financial Group in 2014 and 2,238,228 million Won due to the spin-off of Gyeongnam Bank and Gwangju Bank.

---

| | |
|:---|:---|
| (\*2) | The regulatory reserve for credit losses in retained earnings amounted to 2,668,842 million Won and 2,392,542 million Won as of June 30, 2025 and December 31, 2024, respectively in accordance with the relevant article.  |

---

---

| | |
|:---|:---|
| (\*3) | The earned surplus reserve in retained earnings amounted to 554,990 million Won and 442,650 million Won as of June 30, 2025 and December 31, 2024 in accordance with the Article 53 of the Financial Holding Company Act.  |

---

---

| | |
|:---|:---|
| (\*4) | The hybrid securities issued by Woori Bank amounting to 1,406,513 million Won and 1,645,947 million Won as of June 30, 2025 and December 31, 2024, respectively, are recognized as non-controlling interests. 47,749 million Won and 38,294 million Won of dividends for the hybrid securities issued by Woori Bank are allocated to net profit and loss of the non-controlling interests for the six-month periods ended June 30, 2025 and 2024, respectively.  |

---

(2) The number of authorized shares and others of the Group are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | December 31, 2024 | December 31, 2024 |
|  Shares of common stock authorized |  | 4,000,000,000 Shares |  | 4,000,000,000 Shares |
|  Par value |  | 5,000 Won |  | 5,000 Won |
|  Shares of common stock issued |  | 742,591,501 Shares |  | 742,591,501 Shares |
|  Capital stock |  | 3,802,676 million Won |  | 3,802,676 million Won |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(3) Hybrid securities

The bond-type hybrid securities classified as owner's equity are as follows (Unit: Korean Won in millions):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Issue date | Maturity | Interest rate (%) | June 30,<br>2025 | December 31,<br>2024 |
|  Securities in local currency | 2020-02-06 |  | 3.34 |  | 400000 |
|  Securities in local currency | 2020-06-12 |  | 3.23 |  | 300000 |
|  Securities in local currency | 2020-10-23 |  | 3.00 | 200000 | 200000 |
|  Securities in local currency | 2021-04-08 |  | 3.15 | 200000 | 200000 |
|  Securities in local currency | 2021-10-14 |  | 3.60 | 200000 | 200000 |
|  Securities in local currency | 2022-02-17 |  | 4.10 | 300000 | 300000 |
|  Securities in local currency | 2022-07-28 |  | 4.99 | 300000 | 300000 |
|  Securities in local currency | 2022-10-25 |  | 5.97 | 220000 | 220000 |
|  Securities in local currency | 2023-02-10 |  | 4.65 | 300000 | 300000 |
|  Securities in local currency | 2023-09-07 |  | 5.04 | 200000 | 200000 |
|  Securities in local currency | 2024-02-07 |  | 4.49 | 400000 | 400000 |
|  Securities in local currency | 2024-06-19 |  | 4.27 | 400000 | 400000 |
|  Securities in local currency | 2024-10-10 |  | 4.00 | 400000 | 400000 |
|  Securities in local currency | 2025-05-13 |  | 3.45 | 400000 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuance cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuance cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuance cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuance cost | (9053) | (9565) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 3510947 | 3810435 |

---

The hybrid securities mentioned above do not have maturity date but are redeemable after 5 years from date of issuance.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(4) Accumulated other comprehensive income

Changes in the accumulated other comprehensive income are as follows (Unit: Korean Won in millions):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Beginning<br>balance | Increase<br>(decrease) (\*) | Reclassification<br>adjustments | Income tax<br>effect | Ending<br>balance |
|  Net gain (loss) on valuation of financial assets at FVTOCI | 60438 | 192389 | (66110) | (36181) | 150536 |
|  Net gain (loss) on credit risk fluctuation of financial liabilities designated to be measured at FVTPL | 1348 | 25 |  | (7) | 1366 |
|  Changes in capital due to equity method | (1886) | (2790) |  | 765 | (3911) |
|  Gain (loss) on foreign currency translation of foreign operations | 523780 | (386614) |  | 10331 | 147497 |
|  Gain (loss) on hedges of net investment in foreign operations | (149577) | 98145 |  | (25910) | (77342) |
|  Remeasurement gain (loss) related to defined benefit plan | (86218) | (121380) |  | 31527 | (176071) |
|  Gain (loss) on valuation of cash flow hedge | (14215) | (1011) |  | 1132 | (14094) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 333670 | (221236) | (66110) | (18343) | 27981 |

---

---

| | |
|:---|:---|
| (\*) | The increase (decrease) of financial asset valuation profit or loss at fair value through other comprehensive income are changes due to the period evaluation, and the reclassification adjustments amounting to 1,827 million Won are due to disposal of equity securities during the period.  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Beginning<br>balance | Increase<br>(decrease) (\*) | Reclassification<br>adjustments | Income tax<br>effect | Ending<br>balance |
|  Net gain (loss) on valuation of financial assets at FVTOCI | 79694 | (75615) | 12594 | 23406 | 40079 |
|  Net gain (loss) on credit risk fluctuation of financial liabilities designated to be measured at FVTPL |  | 1137 |  | (300) | 837 |
|  Changes in capital due to equity method | 3471 | (8873) |  | 2356 | (3046) |
|  Gain (loss) on foreign currency translation of foreign operations | 15579 | 224035 |  | (7604) | 232010 |
|  Gain (loss) on hedges of net investment in foreign operations | (34750) | (86208) |  | 22759 | (98199) |
|  Remeasurement gain (loss) related to defined benefit plan | (24262) | (67743) |  | 18259 | (73746) |
|  Gain (loss) on valuation of cash flow hedge | (20806) | 7079 | (461) | (388) | (14576) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 18926 | (6188) | 12133 | 58488 | 83359 |

---

---

| | |
|:---|:---|
| (\*) | The increase (decrease) of financial asset valuation profit or loss at fair value through other comprehensive income are changes due to the period evaluation, and the reclassification adjustments amounting to 436 million Won are due to disposal of equity securities during the period.  |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(5) Changes in treasury stocks for the six-month periods ended
June 30, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Beginning<br>balance | Acquisition | Disposal | Ending<br>balance |
|  Number of shares | 3082276 | 8515245 | (64) | 11597457 |
|  Carrying amount | 35517 | 150001 | (1) | 185517 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Beginning<br>balance | Acquisition | Retirement | Ending<br>balance |
|  Number of shares | 3427497 | 9359792 | (9705025) | 3082264 |
|  Carrying amount | 39348 | 136711 | (140542) | 35517 |

---

(6) Regulatory Reserve for Credit Loss

In accordance with Article 26 ~ 28 of the Financial holding company Supervision Regulations, the Group calculates and discloses the regulatory reserve for credit loss.

1) Balance of the regulatory reserve for credit loss

Balance of the planned regulatory reserve for credit loss is as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | December 31, 2024 | December 31, 2024 |
|  Beginning balance |  | 2668842 |  | 2392542 |
|  Planned provision of regulatory reserve for credit loss |  | 136016 |  | 276300 |
|  Ending balance |  | 2804858 |  | 2668842 |

---

2) Provision of regulatory reserve for credit loss, adjusted income after the provision of regulatory reserve and others

Planned reserves provided, adjusted net income after the planned reserves provided and adjusted EPS after the planned reserves provided are as follows (Unit: Korean Won in millions, except for EPS amount):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Period ended June 30, 2025 | Period ended June 30, 2025 | Period ended June 30, 2024 | Period ended June 30, 2024 |
|  | Three-month | Six-month | Three-month | Six-month |
|  Net income before regulatory reserve | 939743 | 1594299 | 961509 | 1800420 |
|  Provision of regulatory reserve for credit loss | 73444 | 136016 | 94286 | 150244 |
|  Adjusted net income after the provision of regulatory reserve | 866299 | 1458283 | 867223 | 1650176 |
|  Dividends to hybrid securities | (36166) | (75672) | (39748) | (75007) |
|  Adjusted net income after regulatory reserve and dividends to hybrid securities | 830133 | 1382611 | 827475 | 1575169 |
|  Adjusted EPS after regulatory reserve and the dividends to hybrid securities (Unit: Korean Won) | 1130 | 1877 | 1119 | 2120 |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**22.** **DIVIDENDS** 

(1) Dividends per share and the total dividends for the fiscal year ending December 31, 2024 were 660 Won and
490,075 million Won, respectively, approved at the regular general shareholders' meeting held on March 26, 2025, and were paid in April 2025.

(2) On April 25, 2025, the Board of Directors has declared a quarterly dividend of 200 Won per share
(147,428 million Won in total) and fixed record date as May 10, 2025. Dividends were paid in May 2025.

**23.** **NET INTEREST INCOME** 

(1) Interest income recognized is as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Period ended June 30, 2025 | Period ended June 30, 2025 | Period ended June 30, 2024 | Period ended June 30, 2024 |
|  | Three-month | Six-month | Three-month | Six-month |
|  Financial assets at FVTPL | 64600 | 120559 | 57213 | 114866 |
|  Financial assets at FVTOCI | 324231 | 675627 | 322136 | 626636 |
|  Financial assets at amortized cost |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities at amortized cost | 138493 | 276345 | 169068 | 343472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and other financial assets at amortized cost |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest on due from banks | 143785 | 286446 | 139911 | 306611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest on loans | 4416336 | 9005431 | 4704327 | 9446138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest of other receivables | 27162 | 55368 | 25720 | 50153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal | 4587283 | 9347245 | 4869958 | 9802902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 5114607 | 10419776 | 5418375 | 10887876 |

---

(2) Details of interest expense recognized are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Period ended June 30, 2025 | Period ended June 30, 2025 | Period ended June 30, 2024 | Period ended June 30, 2024 |
|  | Three-month | Six-month | Three-month | Six-month |
|  Interest on deposits due to customers | 2047159 | 4255577 | 2348884 | 4720103 |
|  Interest on borrowings | 282620 | 586329 | 339039 | 705604 |
|  Interest on debentures | 440003 | 888550 | 428125 | 856906 |
|  Other interest expense | 78646 | 166580 | 99663 | 201487 |
|  Interest on lease liabilities | 4362 | 8932 | 5768 | 8677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 2852790 | 5905968 | 3221479 | 6492777 |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**24.** **NET FEES AND COMMISSIONS INCOME** 

(1) Details of fees and commissions income recognized are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Period ended June 30, 2025 | Period ended June 30, 2025 | Period ended June 30, 2024 | Period ended June 30, 2024 |
|  | Three-month | Six-month | Three-month | Six-month |
|  Fees and commission received for brokerage | 41235 | 83615 | 35515 | 84374 |
|  Fees and commission received related to credit | 42796 | 87270 | 45254 | 89743 |
|  Fees and commission received for electronic finance | 31309 | 62810 | 31890 | 63424 |
|  Fees and commission received on foreign exchange handling | 13947 | 27719 | 14592 | 28721 |
|  Fees and commission received on foreign exchange | 27299 | 54751 | 28496 | 56145 |
|  Fees and commission received for guarantee | 24854 | 49256 | 23961 | 47729 |
|  Fees and commission received on credit card | 162478 | 323094 | 160568 | 311277 |
|  Fees and commission received on securities business | 21396 | 38497 | 15314 | 30140 |
|  Fees and commission from trust management | 69917 | 134566 | 65612 | 126327 |
|  Fees and commission received on credit information | 2537 | 5216 | 2559 | 5174 |
|  Fees and commission received related to lease | 239340 | 478703 | 218374 | 424081 |
|  Other fees | 55125 | 95707 | 101374 | 166048 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 732233 | 1441204 | 743509 | 1433183 |

---

(2) Details of fees and commissions expense incurred are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Period ended June 30, 2025 | Period ended June 30, 2025 | Period ended June 30, 2024 | Period ended June 30, 2024 |
|  | Three-month | Six-month | Three-month | Six-month |
|  Fees and commissions paid | 95333 | 180545 | 80403 | 156166 |
|  Credit card commission | 108915 | 215126 | 102663 | 209803 |
|  Securities business commission | 614 | 1015 | 276 | 596 |
|  Others | 5053 | 10766 | 4932 | 8452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 209915 | 407452 | 188274 | 375017 |

---

**25.** **DIVIDEND INCOME** 

(1) Details of dividend income recognized are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Period ended June 30, 2025 | Period ended June 30, 2025 | Period ended June 30, 2024 | Period ended June 30, 2024 |
|  | Three-month | Six-month | Three-month | Six-month |
|  Dividend income related to financial assets at FVTPL | 70372 | 125651 | 83357 | 137721 |
|  Dividend income related to financial assets at FVTOCI | 2237 | 16782 | 2599 | 15017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 72609 | 142433 | 85956 | 152738 |

---

(2) Details of dividends related to financial assets at FVTOCI are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Period ended June 30, 2025 | Period ended June 30, 2025 | Period ended June 30, 2024 | Period ended June 30, 2024 |
|  | Three-month | Six-month | Three-month | Six-month |
|  Dividend income recognized from assets held as of period end: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 1670 | 16215 | 2599 | 15017 |
|  Dividend income recognized from assets disposed of as of period end: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 567 | 567 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 2237 | 16782 | 2599 | 15017 |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**26.** **NET GAIN OR LOSS ON FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS MANDATORILY MEASURED AT FAIR VALUE** 

(1) Details of gains or losses related to net gain or loss on financial instruments at FVTPL are as follows (Unit:
Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Period ended June 30, 2025 | Period ended June 30, 2025 | Period ended June 30, 2024 | Period ended June 30, 2024 |
|  | Three-month | Six-month | Three-month | Six-month |
|  Gain on financial instruments at fair value through profit or loss | (320679) | (108271) | 387185 | 903237 |
|  Loss on credit risk fluctuation of financial instruments designated to be measured at FVTPL | (4625) | (14665) | (674) | (1119) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | (325304) | (122936) | 386511 | 902118 |

---

(2) Details of net gain or loss on financial instruments at fair value through profit or loss and financial
instruments held for trading are as follows (Unit: Korean Won in millions):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | Period ended June 30, 2025 | Period ended June 30, 2025 | Period ended June 30, 2024 | Period ended June 30, 2024 |
|  |  |  | Three-month | Six-month | Three-month | Six-month |
|  Financial assets at FVTPL | Securities | Gain on transactions and valuation | 24764 | 361388 | 159677 | 317636 |
|  |  | Loss on transactions and valuation | (88683) | (214967) | 27989 | (240587) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | (63919) | 146421 | 187666 | 77049 |
|  | Loans | Gain on transactions and valuation | 2133 | 3345 | 12241 | 13754 |
|  |  | Loss on transactions and valuation | 5 | (67) | 168 | (587) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 2138 | 3278 | 12409 | 13167 |
|  | Other financial assets | Gain on transactions and valuation | 8890 | 12208 | 2713 | 6436 |
|  |  | Loss on transactions and valuation | (6651) | (13926) | (4755) | (8091) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 2239 | (1718) | (2042) | (1655) |
|  | Sub-total |  | (59542) | 147981 | 198033 | 88561 |
|  Derivatives (Held for trading) | Interest rates derivatives | Gain on transactions and valuation | 699666 | 1056244 | 593467 | 1389936 |
|  |  | Loss on transactions and valuation | (558067) | (1114345) | (627745) | (1145697) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 141599 | (58101) | (34278) | 244239 |
|  | Currency derivatives | Gain on transactions and valuation | 5741408 | 8079511 | 3370956 | 7770653 |
|  |  | Loss on transactions and valuation | (6144542) | (8278116) | (3158942) | (7191586) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | (403134) | (198605) | 212014 | 579067 |
|  | Equity derivatives | Gain on transactions and valuation | 469 | 558 | 118035 | 1076504 |
|  |  | Loss on transactions and valuation | (186) | (223) | (106619) | (1085139) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 283 | 335 | 11416 | (8635) |
|  | Other derivatives | Gain on transactions and valuation | 220 | 224 |  | 5 |
|  |  | Loss on transactions and valuation | (105) | (105) |  |  |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 115 | 119 |  | 5 |
|  | Sub-total |  | (261137) | (256252) | 189152 | 814676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net, total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net, total |  | (320679) | (108271) | 387185 | 903237 |

---

(\*) The Group holds interest rate and currency-related derivative contracts to manage the volatility of gains and losses on transactions of foreign exchange due to exchange rate risk. The gains and losses on transactions of foreign exchange are described in Note 29. (2) and (3).

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(3) Details of gains or losses on credit risk fluctuation of financial instruments designated to be measured at
FVTPL are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Period ended June 30, 2025 | Period ended June 30, 2025 | Period ended June 30, 2024 | Period ended June 30, 2024 |
|  | Three-month | Six-month | Three-month | Six-month |
|  Net loss on Deposits due to customers |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net loss on valuation of Time Deposits | (4625) | (14665) | (674) | (1119) |

---

**27.** **NET GAIN OR LOSS ON FINANCIAL ASSETS AT FVTOCI** 

Details of net gain or loss on financial assets at FVTOCI recognized are as follows (Unit: Korean Won in millions) :

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Period ended June 30, 2025 | Period ended June 30, 2025 | Period ended June 30, 2024 | Period ended June 30, 2024 |
|  | Three-month | Six-month | Three-month | Six-month |
|  Gain (loss) on transactions of securities | 47566 | 80823 | 18039 | 38515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 47566 | 80823 | 18039 | 38515 |

---

**28.** **REVERSAL OF (PROVISION FOR) IMPAIRMENT LOSSES DUE TO CREDIT LOSS** 

Reversal of (provision for) impairment losses due to credit loss are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Period ended June 30, 2025 | Period ended June 30, 2025 | Period ended June 30, 2024 | Period ended June 30, 2024 |
|  | Three-month | Six-month | Three-month | Six-month |
|  Reversal(provision) due to credit loss on financial assets measured at FVTOCI | 239 | (489) | (3741) | (3482) |
|  Reversal for impairment loss due to credit loss on securities at amortized cost | 127 | 217 | 283 | 811 |
|  Provision for impairment loss due to credit loss on loan and other financial assets at amortized cost | (508770) | (950656) | (416020) | (779448) |
|  Reversal(provision) for guarantees | (1399) | 1220 | 7911 | 5464 |
|  Reversal for unused loan commitment | 1994 | 6398 | 2587 | 1163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | (507809) | (943310) | (408980) | (775492) |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**29.** **GENERAL AND ADMINISTRATIVE EXPENSES AND OTHER NET OPERATING INCOME (EXPENSES)** 

(1) Details of general and administrative expenses recognized are as follows (Unit: Korean Won in millions):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | Period ended June 30, 2025 | Period ended June 30, 2025 | Period ended June 30, 2024 | Period ended June 30, 2024 |
|  |  |  | Three-month | Six-month | Three-month | Six-month |
|  Employee benefits | Short-term employee benefits | Salaries | 460681 | 932793 | 443845 | 878236 |
|  |  | Employee fringe benefits | 181892 | 327138 | 156346 | 319745 |
|  | Share based payment |  | 19507 | 24750 | 3527 | 12283 |
|  | Retirement benefit service costs |  | 63737 | 102111 | 33523 | 66994 |
|  | Termination |  |  | 169392 |  | (3503) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sub-total |  | 725817 | 1556184 | 637241 | 1273755 |
|  Depreciation and amortization | Depreciation and amortization | Depreciation and amortization | 143052 | 285999 | 136440 | 266324 |
|  Other general and administrative expenses | Rent |  | 29801 | 61820 | 27430 | 58707 |
|  | Taxes and public dues |  | 60221 | 112635 | 59727 | 113882 |
|  | Service charges |  | 64752 | 128477 | 63971 | 124658 |
|  | Computer and IT related |  | 39050 | 77996 | 32861 | 61861 |
|  | Telephone and communication |  | 23708 | 49223 | 21774 | 43775 |
|  | Advertising |  | 38640 | 64237 | 41861 | 65949 |
|  | Printing |  | 1079 | 2235 | 1153 | 2435 |
|  | Traveling |  | 3184 | 6244 | 3317 | 6323 |
|  | Supplies |  | 1843 | 3549 | 1810 | 4063 |
|  | Insurance premium |  | 2919 | 6645 | 3203 | 6901 |
|  | Maintenance |  | 5663 | 11588 | 5951 | 11999 |
|  | Water, light, and heating |  | 4071 | 9674 | 4149 | 9775 |
|  | Vehicle maintenance |  | 3003 | 5716 | 3644 | 7083 |
|  | Others (\*) |  | 26111 | 96864 | 24788 | 43497 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sub-total |  | 304045 | 636903 | 295639 | 560908 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total |  | 1172914 | 2479086 | 1069320 | 2100987 |

---

(\*) It includes 50,710 million Won in in-house welfare fund contributions for the six-month period ended June 30, 2025.

(2) Details of other operating income recognized are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Period ended June 30, 2025 | Period ended June 30, 2025 | Period ended June 30, 2024 | Period ended June 30, 2024 |
|  | Three-month | Six-month | Three-month | Six-month |
|  Gains on transactions of foreign exchange (\*) | 909163 | 1197499 | 95066 | 163320 |
|  Gains related to derivatives (designated for hedging) | 26169 | 85237 | 37138 | 83926 |
|  Gains on fair value hedged items | 1820 | 3887 | 2130 | 42020 |
|  Others | 121326 | 216965 | 88869 | 161590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 1058478 | 1503588 | 223203 | 450856 |

---

(\*) The Group holds interest rate and currency-related derivative contracts to manage the volatility of gains and losses on transactions of foreign exchange due to exchange rate risk. The related gains and losses are described in Note 26. (2).

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(3) Details of other operating expenses recognized are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Period ended June 30, 2025 | Period ended June 30, 2025 | Period ended June 30, 2024 | Period ended June 30, 2024 |
|  | Three-month | Six-month | Three-month | Six-month |
|  Losses on transactions of foreign exchange (\*1) | 155565 | 472940 | 278705 | 748355 |
|  KDIC deposit insurance premium | 126212 | 256582 | 126317 | 247185 |
|  Contribution to miscellaneous funds | 132148 | 262256 | 126492 | 261000 |
|  Losses related to derivatives (Designated for hedging) | 107787 | 111521 | 983 | 44299 |
|  Losses on fair value hedged items | 14743 | 59901 | 20305 | 29253 |
|  Others (\*2) | 345201 | 641309 | 300944 | 552557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 881656 | 1804509 | 853746 | 1882649 |

---

(\*1) The Group holds interest rate and currency-related derivative contracts to manage the volatility of gains and losses on transactions of foreign exchange due to exchange rate risk. The related gains and losses are described in Note 26. (2).

(\*2) Other expense includes 16,279 million Won and 13,080 million Won for intangible asset amortization cost and 313,693 million Won and 279,416 million Won for lease depreciation cost for the six-month periods ended June 30, 2025 and 2024, respectively.

(4) Share-based payment

Details of performance condition share-based payment granted to executives as of June 30, 2025 and December 31, 2024 are as follows.

1) Performance condition share-based payment

---

| | | |
|:---|:---|:---|
|  Subject to | Subject to | Shares granted for the year 2021 |
|  Type of payment | Type of payment | Cash-settled |
|  Vesting period | Vesting period | January 1, 2021 ~ December 31, 2024 |
|  Date of payment | Date of payment | 2025-01-01 |
|  Fair value (\*1) | Fair value (\*1) | 15,831 Won |
|  Valuation method | Valuation method | Black-Scholes Model |
|  Expected dividend rate | Expected dividend rate | 6.48% |
|  Expected maturity date | Expected maturity date |  |
|  Number of shares remaining | As of June 30, 2025 | 56,029 shares |
|  | As of December 31, 2024 | 1,105,292 shares |
|  Number of shares granted (\*2) | As of June 30, 2025 | 56,029 shares |
|  | As of December 31, 2024 | 1,105,292 shares |
|  Subject to | Subject to | Shares granted for the year 2022 |
|  Type of payment | Type of payment | Cash-settled |
|  Vesting period | Vesting period | January 1, 2022 ~ December 31, 2025 |
|  Date of payment | Date of payment | 2026-01-01 |
|  Fair value (\*1) | Fair value (\*1) | 20,367 Won |
|  Valuation method | Valuation method | Black-Scholes Model |
|  Expected dividend rate | Expected dividend rate | 7.30% |
|  Expected maturity date | Expected maturity date | 0.5 years |
|  Number of shares remaining | As of June 30, 2025 | 960,777 shares |
|  | As of December 31, 2024 | 960,777 shares |
|  Number of shares granted (\*2) | As of June 30, 2025 | 960,777 shares |
|  | As of December 31, 2024 | 960,777 shares |

---

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | |
|:---|:---|:---|
|  Subject to | Subject to | Shares granted for the year 2023 |
|  Type of payment | Type of payment | Cash-settled |
|  Vesting period | Vesting period | January 1, 2023 ~ December 31, 2026 |
|  Date of payment | Date of payment | 2027-01-01 |
|  Fair value (\*1) | Fair value (\*1) | 18,934 Won |
|  Valuation method | Valuation method | Black-Scholes Model |
|  Expected dividend rate | Expected dividend rate | 7.30% |
|  Expected maturity date | Expected maturity date | 1.5 years |
|  Number of shares remaining | As of June 30, 2025 | 916,849 shares |
|  | As of December 31, 2024 | 916,849 shares |
|  Number of shares granted (\*2) | As of June 30, 2025 | 916,849 shares |
|  | As of December 31, 2024 | 916,849 shares |
|  Subject to | Subject to | Shares granted for the year 2024 |
|  Type of payment | Type of payment | Cash-settled |
|  Vesting period | Vesting period | January 1, 2024 ~ December 31, 2027 |
|  Date of payment | Date of payment | 2028-01-01 |
|  Fair value (\*1) | Fair value (\*1) | 17,601 Won |
|  Valuation method | Valuation method | Black-Scholes Model |
|  Expected dividend rate | Expected dividend rate | 7.30% |
|  Expected maturity date | Expected maturity date | 2.5 years |
|  Number of shares remaining | As of June 30, 2025 | 1,384,504 shares |
|  | As of December 31, 2024 | 1,384,504 shares |
|  Number of shares granted (\*2) | As of June 30, 2025 | 1,384,504 shares |
|  | As of December 31, 2024 | 1,384,504 shares |
|  Subject to | Subject to | Shares granted for the year 2025 |
|  Type of payment | Type of payment | Cash-settled |
|  Vesting period | Vesting period | January 1, 2025 ~ December 31, 2028 |
|  Date of payment | Date of payment | 2029-01-01 |
|  Fair value (\*1) | Fair value (\*1) | 16,362 Won |
|  Valuation method | Valuation method | Black-Scholes Model |
|  Expected dividend rate | Expected dividend rate | 7.30% |
|  Expected maturity date | Expected maturity date | 3.5 years |
|  Number of shares remaining | As of June 30, 2025 | 528,061 shares |
|  | As of December 31, 2024 |  |
|  Number of shares granted (\*2) | As of June 30, 2025 | 528,061 shares |
|  | As of December 31, 2024 |  |

---

---

| | |
|:---|:---|
| (\*1) | As the amount of payment varies according to the base price (the arithmetic average of the weighted average stock price of transactions in the past one week, the past one month, and the past two months) at the date of payment, the fair value is calculated to measure the liability according to the Black Scholes model based on the base price at the time of each settlement and used for measuring the liability.  |

---

---

| | |
|:---|:---|
| (\*2) | The number of payable stocks is granted at the initial contract date. This is a system in which the number of shares to be granted is determined based on the evaluation results of long-term performance indicators over a total of four years, including the current year, and the final cash compensation is made by reflecting the stock price at the time of payment. Long-term performance indicators include relative shareholder return, common equity ratio, return on equity, net income, selling, general and administrative expenses ratio, non-performing loan ratio, and performance of assigned duties.  |

---

2) The Group accounts for performance condition share-based payments according to the cash-settled method and the fair value of the liabilities is reflected in the compensation costs by re-measuring every closing period. As of June 30, 2025 and December 31, 2024, the carrying amount of the liabilities related to the performance condition share-based payments recognized by the Group amounts to 70,895 million Won and 62,557 million Won, respectively, including the carrying amount of liabilities related to key management of 29,074 million Won and 16,660 million Won, respectively. 

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**30.** **NON-OPERATING INCOME (EXPENSES)** 

(1) Details of gains or losses on valuation of investments in joint ventures and associates are as follows (Unit:
Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Period ended June 30, 2025 | Period ended June 30, 2025 | Period ended June 30, 2024 | Period ended June 30, 2024 |
|  | Three-month | Six-month | Three-month | Six-month |
|  Gains on valuation of investments in joint ventures and associates | 68177 | 84403 | 37032 | 51881 |
|  Losses on valuation of investments in joint ventures and associates | (6524) | (12715) | (2910) | (12250) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 61653 | 71688 | 34122 | 39631 |

---

(2) Details of other non-operating income and expenses recognized are as
follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Period ended June 30, 2025 | Period ended June 30, 2025 | Period ended June 30, 2024 | Period ended June 30, 2024 |
|  | Three-month | Six-month | Three-month | Six-month |
|  Other non-operating incomes | 29337 | 52516 | 17850 | 29596 |
|  Other non-operating expenses | (12956) | (50838) | (58390) | (82377) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 16381 | 1678 | (40540) | (52781) |

---

(3) Details of other non-operating income recognized are as follows (Unit:
Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Period ended June 30, 2025 | Period ended June 30, 2025 | Period ended June 30, 2024 | Period ended June 30, 2024 |
|  | Three-month | Six-month | Three-month | Six-month |
|  Rental fee income | 5294 | 10605 | 5065 | 9446 |
|  Gains on disposal of investments in joint ventures and associates | 406 | 422 | 359 | 671 |
|  Gains on disposal of Premises and equipment, intangible assets and other assets | 15790 | 16165 | 2312 | 2611 |
|  Reversal of impairment losses of Premises and equipment, intangible assets and other assets | 899 | 919 | 3 | 23 |
|  Others (\*) | 6948 | 24405 | 10111 | 16845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 29337 | 52516 | 17850 | 29596 |

---

(\*) 'Others' for the six-month periods ended June 30, 2025 and 2024 include 3 million Won and 2,517 million Won, respectively, of other special gain related to other provisions.

(4) Details of other non-operating expenses recognized are as follows
(Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Period ended June 30, 2025 | Period ended June 30, 2025 | Period ended June 30, 2024 | Period ended June 30, 2024 |
|  | Three-month | Six-month | Three-month | Six-month |
|  Depreciation on investment properties | 1369 | 2766 | 1553 | 5332 |
|  Operating expenses on investment properties | 309 | 630 | 531 | 1142 |
|  Losses on disposal of investments in joint ventures and associates | 50 | 241 | 429 | 438 |
|  Losses on disposal of Premises and equipment, intangible assets and other assets | 673 | 1060 | 470 | 1313 |
|  Impairment losses of Premises and equipment, intangible assets and other assets | 100 | 382 | 91 | 1362 |
|  Donation | 3640 | 19631 | 40086 | 42259 |
|  Others (\*) | 6815 | 26128 | 15230 | 30531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 12956 | 50838 | 58390 | 82377 |

---

(\*) Other special losses related to other provisions for the six-month periods ended June 30, 2025 and 2024 are 988 million Won and 17,846 million Won, respectively.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**31.** **INCOME TAX EXPENSE** 

Details of income tax expenses are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the six-month periods ended June 30 | For the six-month periods ended June 30 |
|  | 2025 | 2024 |
|  Current tax expense: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current tax expense with respect to the current period | 751933 | 338908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjustments recognized in the current period in relation to the tax expense of prior periods | 9526 | (35023) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income tax expense directly attributable to other equity | (25910) | 22760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 735549 | 326645 |
|  Deferred tax expense |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in deferred tax assets (liabilities) due to temporary differences | (289427) | 227027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income tax expense (income) directly attributable to equity | 7567 | 35729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 3092 | 1038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | (278768) | 263794 |
|  Income tax expense | 456781 | 590439 |

---

Income tax expense was recognized based on the best estimate of the weighted average annual effective tax rate expected for the interim period. The weighted average annual effective tax rate for the June 30, 2025, is 22.3% (The weighted average annual effective tax rate for the June 30, 2024, is 24.7%).

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**32.** **EARNINGS PER SHARE ("EPS")** 

(1) Basic EPS is calculated by dividing net income attributable to common shareholders by weighted-average number
of common shares outstanding (Unit: Korean Won in millions, except for EPS and number of shares):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Period ended June 30, 2025 | Period ended June 30, 2025 | Period ended June 30, 2024 | Period ended June 30, 2024 |
|  | Three-month | Six-month | Three-month | Six-month |
|  Net income attributable to shareholders | 935328 | 1552019 | 931495 | 1755496 |
|  Dividends to hybrid securities | (36166) | (75672) | (39748) | (75007) |
|  Net income attributable to common shareholders | 899162 | 1476347 | 891747 | 1680489 |
|  Weighted average number of common shares outstanding (Unit: million shares) | 734 | 736 | 739 | 743 |
|  Basic EPS (Unit: Korean Won) | 1225 | 2006 | 1206 | 2262 |

---

(2) The weighted average number of common shares outstanding is as follows (Unit: number of shares, days):

---

| | | |
|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Number of shares | Accumulated number of shares<br>outstanding during period |
|  Common shares issued at the beginning of the period | 742591501 | 134409061681 |
|  Treasury stocks | (3082276) | (557891956) |
|  Acquisition of treasury stock | (8515245) | (548504531) |
|  Disposal of treasury stock | 64 | 320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total (①) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total (①) | 133302665514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Weighted average number of common shares outstanding (②=①/181) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Weighted average number of common shares outstanding (②=①/181) | 736478815 |

---

---

| | | |
|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Number of shares | Accumulated number of shares<br>outstanding during period |
|  Common shares issued at the beginning of the period | 751949461 | 136854801902 |
|  Treasury stocks | (3427497) | (623804454) |
|  Acquisition and retirement of treasury stock | (9359792) | (1020278209) |
|  Disposal of treasury stock | 347065 | 25555012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total (①) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total (①) | 135236274251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Weighted average number of common shares outstanding (②=①/182) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Weighted average number of common shares outstanding (②=①/182) | 743056452 |

---

Diluted EPS is equal to basic EPS because there is no dilution effect for the six-month periods ended June 30, 2025 and 2024.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**33.** **CONTINGENT LIABILITIES AND COMMITMENTS** 

(1) Details of guarantees are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | June 30, 2025 | December 31, 2024 |
|  Confirmed guarantees |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantee for loans | 73941 | 60571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acceptances | 399345 | 617599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantees in acceptances of imported goods | 58744 | 75265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other confirmed guarantees | 10276704 | 10337850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 10808734 | 11091285 |
|  Unconfirmed guarantees |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Local letters of credit | 190604 | 167580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Letters of credit | 2925288 | 3213170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other unconfirmed guarantees | 1610627 | 1558187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 4726519 | 4938937 |
|  Commercial paper purchase commitments and others | 514329 | 581040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total (\*) | 16049582 | 16611262 |

---

(\*) Includes financial guarantees of 4,464,989 million won and 4,156,790 million won as of June 30, 2025 and December 31, 2024, respectively.

(2) Details of loan commitments and others are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | December 31, 2024 | December 31, 2024 |
|  Loan commitments |  | 130882088 |  | 133863588 |
|  Other commitments (\*) |  | 7544605 |  | 6564353 |

---

---

| | |
|:---|:---|
| (\*) | As of June 30, 2025 and December 31, 2024, the amount of unsecured bills (purchase bills sales) and discounts on electronic short-term bond sales (purchase) are 2,962,781 million won and 1,992,030 million won, respectively.  |

---

(3) Litigation case

Litigation case that the key Group is a defendant in a lawsuit pending (excluding fraud lawsuits and those lawsuits that are filed only to extend the statute of limitation, etc.) are 924 cases (litigation value of 849,299 million Won) and 871 cases (litigation value of 862,669 million Won) as of June 30, 2025 and December 31, 2024 respectively, and provisions for litigations are 29,940 million Won and 23,233 million Won.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(4) Other commitments

1) The obligations related to guaranteed completion with trust business as of June 30, 2025, are as follows (Unit: Korean Won in millions):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | cases | Initial PF<br>Commitment<br>Limit | Amount of<br>PF Loans<br>(\*3) | Amount of<br>unused PF<br>limit (\*4) | Amount<br>of Trust<br>Account<br>Limit (\*4) | Amount of<br>Trust<br>Account |
|  Responsible completion land trust (\*1) | Our Responsibility for Completion Deadline Passed (including completed projects) | 3 | 200000 | 89314 | 105594 | 5700 | 5448 |
|  Redevelopment Land Trust | Our Obligation to Bear Responsibility for Completion (\*2) | 1 | 51668 | 17714 | 51668 | 5000 | 4777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 4 | 251668 | 107028 | 157262 | 10700 | 10225 |

---

---

| | |
|:---|:---|
| (\*1) | Responsible completion land trust is a trust in which the Woori Asset Trust Co., Ltd., subsidiary, is only liable to the lending financial institution for the completion guarantee obligation in case the contractor fails to fulfill the obligation. If the company is unable to fulfill the completion guarantee obligation, it is responsible for compensating the lending financial institution for any losses incurred.  |

---

---

| | |
|:---|:---|
| (\*2) | In redevelopment projects where the Korea Housing & Urban Guarantee Corporation guarantees project financing loans, the project operator is responsible for the completion guarantee obligation according to the standard project agreement terms of the Korea Housing & Urban Guarantee Corporation, but the completion guarantee period has not yet expired as of June 30, 2025.  |

---

---

| | |
|:---|:---|
| (\*3) | Since, for projects where it is highly likely that our subsidiary Woori Asset Trust will bear the responsibility for completion and where the possibility and amount of loss can be reliably estimated, these impacts have been reflected in the financial statements at the end of the current period. However, for projects where the risk of Woori Asset Trust bearing the completion guarantee obligations is considered low or where the possibility and amount of loss cannot be reliably estimated, these impacts have not been reflected in the financial statements at the end of the current period.  |

---

(\*4) The trust account limit may be subject to change during the project progress due to reasons such as limit deductions.

2) As of June 30, 2025, Woori Asset Trust, a subsidiary, may lend a trust account for a part of the total project cost in relation to 35 debt-type land trust contracts including Boutique Terrace Hotel in Woo-dong, Haeundae-gu, Busan. The maximum loan amount (unused limit) is 151,640 million Won. Whether or not Woori Asset Trust lends a trust account in relation to the relevant businesses is not an unconditional payment obligation, and it is determined by considering overall matters such as the unique account and the fund balance plan of each trust business. 

3) Pursuant to some contracts related to asset securitization, the Group utilizes various prerequisites as triggering events causing early redemption, limiting risks that investors bear due to change in asset quality. Breach of such triggering clause leads to an early redemption of the securitized bonds. 

4) Since FY2023, An investigation has been conducted by Fair Trade Commission regarding Loan-To-Value ratio. Woori Bank, a subsidiary cannot reasonably estimate its impact on consolidated financial statements.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**34.** **RELATED PARTY TRANSACTIONS** 

Related parties of the Group as of June 30, 2025 and December 31, 2024, and assets and liabilities recognized, guarantees and commitments, major transactions with related parties and compensation to key management for the six-month periods ended June 30, 2025 and 2024 are as follows. Please refer to Note 12 for the details of joint ventures and associates.

(1) Assets and liabilities from transactions with related parties are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
| Related parties | Related parties | Account title | June 30,<br>2025 | December 31,<br>2024 |
|  Associates | W Service Networks Co., Ltd. | Loans | 23 | 51 |
|  |  | Deposits due to customers | 1251 | 3054 |
|  |  | Accrued expenses | 40 | 86 |
|  |  | Other liabilities | 346 | 339 |
|  | Korea Credit Bureau Co., Ltd. | Loans |  | 1 |
|  |  | Deposits due to customers | 697 | 780 |
|  |  | Accrued expenses |  | 13 |
|  | Korea Finance Security Co., Ltd. | Loans | 3330 | 3225 |
|  |  | Loss allowance | (21) | (43) |
|  |  | Deposits due to customers | 1330 | 1145 |
|  |  | Other liabilities | 1 | 3 |
|  | LOTTE CARD Co. Ltd. | Loans | 13564 | 27913 |
|  |  | Account receivables | 26 | 21 |
|  |  | Loss allowance | (52) | (297) |
|  |  | Derivative asset | 2225 | 1075 |
|  |  | Other assets | 44 | 49 |
|  |  | Deposits due to customers | 26385 | 20207 |
|  |  | Derivative liabilities | 289 |  |
|  |  | Other liabilities | 545 | 273 |
|  | K BANK Co., Ltd. | Loans | 22 | 18 |
|  |  | Account receivables | 4 | 32 |
|  |  | Other liabilities | 129361 | 193719 |
|  | Others (\*1) | Loans | 55 | 38819 |
|  |  | Loss allowance |  | (273) |
|  |  | Other assets | 59845 | 66088 |
|  |  | Deposits due to customers | 2896 | 3575 |
|  |  | Other liabilities | 1657 | 232 |

---

(\*1) Others include Godo Kaisha Oceanos 1 and etc., as of June 30, 2025 and December 31, 2024.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(2) Gain or loss from transactions with related parties are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
| | |  | For the six-month periods ended<br>June 30 | For the six-month periods ended<br>June 30 |
| Related parties | Related parties | Account title | 2025 | 2024 |
|  Associates | W Service Network Co., Ltd. | Other incomes | 18 |  |
|  |  | Interest expenses | 17 | 19 |
|  |  | Fees expenses | 191 | 264 |
|  |  | Other expenses | 521 | 527 |
|  | Korea Credit Bureau Co., Ltd. | Fees expenses | 2564 | 2047 |
|  |  | Other expenses | 41 | 79 |
|  | Korea Finance Security Co., Ltd. | Interest income | 73 | 72 |
|  |  | Interest expenses | 1 | 2 |
|  |  | Provision (Reversal) of allowance for credit loss | (23) | (34) |
|  |  | Other expenses | 13 | 13 |
|  | LOTTE CARD Co., Ltd. | Interest income | 732 | 459 |
|  |  | Fees income | 1940 | 2058 |
|  |  | Gain on derivatives | 1150 |  |
|  |  | Loss on derivatives | 580 |  |
|  |  | Interest expenses | 1227 | 2179 |
|  |  | Provision (Reversal) of allowance for credit loss | (273) | (8) |
|  | K BANK Co., Ltd. | Fees income | 113 | 97 |
|  | Others (\*) | Interest income | 124 | 416 |
|  |  | Fees income | 8591 | 47468 |
|  |  | Dividend income | 1201 | 3192 |
|  |  | Other income | 3076 | 1298 |
|  |  | Interest expenses | 7391 | 7334 |
|  |  | Other expenses | 1205 | (777) |
|  |  | Provision (Reversal) of allowance for credit loss | (272) | 199 |

---

(\*) Others include Win Mortgage Co., Ltd. and etc., for the six-month periods ended June 30, 2025 and 2024.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(3) Major loan transactions with related parties for the six-month periods
ended June 30, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
| Related parties | Related parties | Beginning<br>balance | Loan | Collection | Others | Ending<br>balance (\*) |
|  Associates | W Service Network Co., Ltd. | 51 | 207 | 235 |  | 23 |
|  | Korea Credit Bureau Co., Ltd. | 1 | 1 | 2 |  |  |
|  | Korea Finance Security Co., Ltd. | 3225 | 1539 | 1434 |  | 3330 |
|  | LOTTE CARD Co., Ltd. | 27913 |  | 13213 | (1136) | 13564 |
|  | K BANK Co., Ltd. | 18 | 140 | 136 |  | 22 |
|  | Win Mortgage Co.,Ltd. | 8 | 109 | 103 |  | 14 |
|  | ARAM CMC CO.LTD | 41 |  |  |  | 41 |
|  | Godo Kaisha Oceanos 1 | 38770 |  | 16346 | (22424) |  |

---

(\*) Payments that occurred for business reasons among related parties are excluded and net increase or decrease was used for limited credit loan.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
| Related parties | Related parties | Beginning<br>balance | Loan | Collection | Others | Ending<br>balance (\*) |
|  Associates | W Service Network Co., Ltd. | 108 | 260 | 342 |  | 26 |
|  | Korea Credit Bureau Co., Ltd. | 1 |  | 1 |  |  |
|  | Korea Finance Security Co., Ltd. | 3228 | 1096 | 1998 |  | 2326 |
|  | LOTTE CARD Co., Ltd. | 12209 | 263306 | 112209 | 586 | 163892 |
|  | K BANK Co., Ltd. | 54 | 172 | 205 |  | 21 |
|  | Win Mortgage Co.,Ltd. | 15 | 106 | 109 |  | 12 |
|  | ARAM CMC CO.LTD | 41 |  |  |  | 41 |
|  | Godo Kaisha Oceanos 1 | 38121 |  |  | (2339) | 35782 |
|  | Woori ZIP 1 | 11317 |  |  | (600) | 10717 |
|  | Woori ZIP 2 | 16063 |  |  | (851) | 15212 |

---

(\*) Payments that occurred for business reasons among related parties are excluded and net increase or decrease was used for limited credit loan.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(4) Details of changes in major deposits due to customers with related parties for the six-month periods ended June 30, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
| Related parties | Related parties | Beginning<br>balance | Beginning<br>balance | Increase | Decrease | Ending<br>balance (\*) | Ending<br>balance (\*) |
|  Associates | W Service Networks Co., Ltd |  | 1000 |  |  |  | 1000 |
|  | Win Mortgage Co.,Ltd. | 1,387 | 1,387 | 1,611 | 1,523 | 1,475 | 1,475 |

---

(\*) Details of payment between related parties, demand deposit due to customers and etc. are excluded.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
| Related parties | Related parties | Beginning<br>balance | Beginning<br>balance | Increase | Increase | Decrease | Decrease | Ending<br>balance (\*) | Ending<br>balance (\*) |
|  Associates | W Service Networks Co., Ltd |  | 1000 |  | 1000 |  | 1000 |  | 1000 |
|  | Win Mortgage Co.,Ltd. | 600 | 600 | 500 | 500 | 600 | 600 | 500 | 500 |

---

(\*) Details of payment between related parties, demand deposit due to customers and etc. are excluded.

(5) There are no major borrowing transactions with related parties for the six-month periods ended June 30, 2025 and 2024.

(6) Guarantees provided to the related parties are as follows (Unit: Korean Won in millions):

---

| | | | |
|:---|:---|:---|:---|
| Warrantee | June 30, 2025 | December 31, 2024 | Warranty |
|  Korea Finance Security Co., Ltd. | 530 | 635 | Unused loan commitment |
|  Korea Credit Bureau Co., Ltd. | 35 | 34 | Unused loan commitment |
|  W Service Network Co., Ltd. | 157 | 129 | Unused loan commitment |
|  K BANK Co., Ltd. | 278 | 282 | Unused loan commitment |
|  LOTTE CARD Co. Ltd. | 498300 | 498400 | Unused loan commitment |
|  LOTTE CARD Co. Ltd. | 1560 | 1691 | Confirmed Foreign<br>Currency Payment<br>Guarantee |
|  Win Mortgage Co.,Ltd. | 36 | 42 | Unused loan commitment |

---

As of June 30, 2025 and December 31, 2024, the recognized payment guarantee provisions are 274 million Won and 272 million Won, respectively, in relation to the guarantees provided to the related parties above.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(7) Amount of commitments with the related parties are as follows (Unit: Korean Won in millions):

---

| | | | |
|:---|:---|:---|:---|
| Warrantee | June 30, 2025 | December 31, 2024 | Warranty |
|  NH Woori Newdeal Growth Alpha Private Equity Fund 1 | 15906 | 15906 | Securities purchase<br>commitment |
|  Samsung Together Korea IPPF private securities investment trust 3 [Equity-FoFs] | 990000 | 990000 | Securities purchase<br>commitment |
|  BTS 2nd Private Equity Fund | 1854 | 1854 | Securities purchase<br>commitment |
|  STASSETS FUND III | 3000 | 3000 | Securities purchase<br>commitment |
|  Synaptic Future Growth Private Equity Fund 1 | 3443 | 3443 | Securities purchase<br>commitment |
|  IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership | 4664 | 4664 | Securities purchase<br>commitment |
|  Woori Seoul Beltway Private Special Asset Fund No.1 | 29007 | 30949 | Securities purchase<br>commitment |
|  Woori Oncorp Corporate support of Major Industry General Type Private Investment Trust 2 | 891 | 60 | Securities purchase<br>commitment |
|  Woori Asset Global Partnership Fund No.5 | 82500 | 97500 | Securities purchase<br>commitment |
|  JC Assurance No.2 Private Equity Fund | 1351 | 1351 | Securities purchase<br>commitment |
|  Crevisse Raim Impact 1st Startup Venture Specialist Private Equity Fund | 100 | 148 | Securities purchase<br>commitment |
|  Woori Real Estate Investment No. 1 Limited Liability Company | 7100 | 7100 | Securities purchase<br>commitment |
|  Woori Future Energy Private Special Asset Investment Trust(General) No.1 | 33600 | 33600 | Securities purchase<br>commitment |
|  LOTTE CARD Co., Ltd. | 440000 | 350000 | Derivative<br> commitment |

---

(8) Major investment and Recovery transactions

For the six-month periods ended June 30, 2025 and 2024, investment and recovery transactions with associates are described in Note 12.(2), and there are no other major investment and recovery transactions.

(9) Compensation for key management is as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the six-month periods ended June 30 | For the six-month periods ended June 30 |
|  | 2025 | 2024 |
|  Short-term employee salaries | 12428 | 11917 |
|  Retirement benefit service costs | 523 | 653 |
|  Share-based compensation | 8117 | 4330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 21068 | 16900 |

---

Key management includes executives and directors of Woori Financial Group and major subsidiaries, and also includes CEO of other subsidiaries. Outstanding assets from transactions with key management amount to 2,919 million won and 3,523 million won, as of June 30, 2025 and December 31, 2024 respectively and with respect to the assets, the Group has not recognized any allowance nor related impairment loss due to credit losses. Also, liabilities from transaction with key management amount to 67,723 million won and 69,372 million won, respectively, as of June 30, 2025 and December 31, 2024.

------

**WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**35.** **EVENTS AFTER THE REPORTING PERIOD** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) On July 25, 2025, the Group's Board of Directors has declared to pay a quarterly dividend of 200 Won
per share (total dividend of 146,804 million Won), with the record date set as of August 10, 2025, and the dividends will be paid on August 29, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) On July 1, 2025, the Group acquired 75.34% of the shares of Tongyang Life Insurance Co., Ltd. and 100% of
the shares of ABL Life Insurance Co., Ltd., and incorporated them as consolidated subsidiaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) On July 31, 2025, the Group acquired 0.41% shares of Woori Asset Trust Co., Ltd., to make it a wholly
owned subsidiary.

## Exhibit 99.2

**Exhibit 99.2** 

**WOORI FINANCIAL GROUP INC.** 

CONDENSED SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF AND FOR THE THREE-MONTH AND SIX-MONTH PERIODS ENDED JUNE 30, 2025 AND 2024

------

**WOORI FINANCIAL GROUP INC.** 

---

| | |
|:---|:---|
|  | **Page(s)** |
|  [Independent Auditors' Review Report](#ex99_261432_1) | 1-2 |
|  **[Separate Interim Financial Statements](#ex99_261432_2)** |  |
|  [Separate Interim Statements of Financial Position](#ex99_261432_3) | 4 |
|  [Separate Interim Statements of Comprehensive Income](#ex99_261432_4) | 5 |
|  [Separate Interim Statements of Changes in Equity](#ex99_261432_5) | 6 |
|  [Separate Interim Statements of Cash Flows](#ex99_261432_6) | 7 |
|  [**Notes to the Separate Interim Financial Statements**](#ex99_261432_7) | 8-37 |

---

------

**<u>Independent Auditors' Review Report</u>**

Based on a report originally issued in Korean

**To the Board of Directors and Shareholders of Woori Financial Group Inc.** 

**Reviewed Financial Statements** 

We have reviewed the accompanying condensed separate interim financial statements of Woori Financial Group Inc. (the "Company"), which comprise the condensed separate interim statement of financial position as of June 30, 2025, the condensed separate interim statements of comprehensive income for the three-month and six-month periods ended June 30, 2025, and 2024, the condensed separate interim statements of changes in equity and cash flows for the six-month periods ended June 30, 2025, and 2024 and notes, comprising of material accounting policy information and other explanatory information.

**Management's Responsibility** 

Management is responsible for the preparation and fair presentation of these condensed separate interim financial statements in accordance with Korean International Financial Reporting Standards ("K-IFRS") No.1034 *Interim Financial Reporting*, and for such internal control as management determines is necessary to enable the preparation of the condensed separate interim financial statements that are free from material misstatement, whether due to fraud or error.

**Auditors' Review Responsibility** 

Our responsibility is to issue a report on these condensed separate interim financial statements based on our reviews.

We conducted our reviews in accordance with the Review Standards for Quarterly and Semiannual Financial Statements established by the Securities and Futures Commission of the Republic of Korea. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Korean Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

**Conclusion** 

Based on our reviews, nothing has come to our attention that causes us to believe that the accompanying condensed separate interim financial statements referred to above do not present fairly, in all material respects, in accordance with K-IFRS No.1034 *Interim Financial Reporting*.

------

**Other Matters** 

The separate statement of financial position of the Company as of December 31, 2024, and the related separate statements of comprehensive income, changes in equity and cash flows for the year then ended, which are not accompanying this report, were audited by us in accordance with Korean Standards on Auditing and their report thereon, dated March 5, 2025, expressed an unqualified opinion. The accompanying separate statement of financial position of the Company as of December 31, 2024, presented for comparative purposes, is not different from that audited by us from which it was derived in all material respects.

The procedures and practices utilized in the Republic of Korea to review such condensed separate interim financial statements may differ from those generally accepted and applied in other countries.

/s/ KPMG Samjong Accounting Corp.

Seoul, Korea

August 14, 2025

&nbsp;&nbsp;&nbsp;This report is effective as of August 14, 2025, the review report date. Certain subsequent events or circumstances, which may occur between the review report date and the time of reading this report, could have a material impact on the accompanying condensed separate interim financial statements and notes thereto. Accordingly, the readers of the review report should understand that the above review report has not been updated to reflect the impact of such subsequent events or circumstances, if any.

------

**WOORI FINANCIAL GROUP INC.** 

SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF AND FOR THE THREE-MONTH AND SIX-MONTH PERIODS ENDED JUNE 30, 2025 AND 2024

The accompanying separate interim financial statements including all footnote disclosures were prepared by, and are the responsibility of, the management of Woori Financial Group Inc.

**Jong Yong Yim** 

**President and Chief Executive Officer** 

Main Office Address: (Address) 51, Sogong-ro, Jung-gu, Seoul

(Phone Number) 02-2125-2000

------

**WOORI FINANCIAL GROUP INC.** 

**SEPARATE INTERIM STATEMENTS OF FINANCIAL POSITION** 

**AS OF JUNE 30, 2025 (UNAUDITED) AND DECEMBER 31, 2024** 

---

| | | |
|:---|:---|:---|
|  | **June 30,**<br>**2025** | **December 31,**<br>**2024** |
|  | **(Korean Won in millions)** | **(Korean Won in millions)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **ASSETS** |  |  |
|  Cash and cash equivalents (Notes 5 and 26) | 1689577 | 1185912 |
|  Financial assets at fair value through other comprehensive income ("FVTOCI") (Notes 4, 6 and 8) | 563013 | 553518 |
|  Loans and other financial assets at amortized cost (Notes 4, 7, 8 and 26) | 903217 | 204431 |
|  Investments in subsidiaries (Notes 9 and 26) | 24206017 | 24206017 |
|  Premises and equipment | 3898 | 5304 |
|  Intangible assets | 3317 | 3308 |
|  Net defined benefit asset (Note 13) |  | 1378 |
|  Current tax assets | 28833 | 33120 |
|  Deferred tax assets | 2055 | 4379 |
|  Other assets (Note 10) | 155622 | 155670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets | 27555549 | 26353037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **LIABILITIES** |  |  |
|  Debentures (Notes 4, 8 and 11) | 2537302 | 2037567 |
|  Provisions (Note 12) | 1869 | 1252 |
|  Net defined benefit liability (Note 13) | 967 |  |
|  Current tax liabilities | 568838 | 84701 |
|  Other financial liabilities (Notes 4, 8, 14 and 26) | 83188 | 76382 |
|  Other liabilities (Note 14) | 356 | 404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities | 3192520 | 2200306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **EQUITY (Note 15)** |  |  |
|  Capital stock | 3802676 | 3802676 |
|  Hybrid securities | 3510737 | 3810225 |
|  Capital surplus | 8120236 | 11120236 |
|  Other equity | (144569) | (1189) |
|  Retained earnings | 9073949 | 5420783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total equity | 24363029 | 24152731 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities and equity | 27555549 | 26353037 |

---

The accompanying notes are part of these condensed separate interim financial statements.

------

**WOORI FINANCIAL GROUP INC.** 

**SEPARATE INTERIM STATEMENTS OF COMPREHENSIVE INCOME** 

**FOR THE THREE-MONTH AND SIX-MONTH PERIODS ENDED JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Periods ended June 30, 2025** | **Periods ended June 30, 2025** | **Periods ended June 30, 2024** | **Periods ended June 30, 2024** |
|  | **Three-month** | **Six-month** | **Three-month** | **Six-month** |
|  | **(Korean Won in millions, except for earnings per share data)** | **(Korean Won in millions, except for earnings per share data)** | **(Korean Won in millions, except for earnings per share data)** | **(Korean Won in millions, except for earnings per share data)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income | 13018 | 21628 | 16113 | 28748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest expense | (18209) | (35022) | (11251) | (22567) |
|  **Net interest income** (Notes 17 and 26) | **(5191)** | **(13394)** | **4862** | **6181** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fees and commissions income | 417 | 876 | 406 | 813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fees and commissions expense | (8402) | (13642) | (5409) | (9661) |
|  **Net fees and commissions loss (Notes 18 and 26)** | **(7985)** | **(12766)** | **(5003)** | **(8848)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income (Notes 19 and 26) | 6193 | 1435418 | 6388 | 1195721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal (Provision) of impairment losses due to credit loss (Notes 20 and 26) | 289 | (115) | 18 | (442) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General and administrative expenses (Notes 21 and 26) | (21727) | (40148) | (16897) | (34394) |
|  **Operating income (expense)** | **(28421)** | **1368995** | **(10632)** | **1158218** |
|  **Non-operating income (expense)** (Note 22) | **19** | **13** | **(45)** | **(63)** |
|  **Net income (expense) before income tax expense** | **(28402)** | **1369008** | **(10677)** | **1158155** |
|  Income tax income (expense) (Note 23) | 1133 | (212) | 385 | (658) |
|  **Net income (loss)** | **(27269)** | **1368796** | **(10292)** | **1157497** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net gain on valuation of equity securities at FVTOCI (Note 15) | 4302 | 6988 | 3889 | 4008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Remeasurement loss related to defined benefit plan (Note 13 and 15) | (141) | (1101) | (297) | (983) |
|  **Items that will not be reclassified to profit or loss:** | **4161** | **5887** | **3592** | **3025** |
|  **Other comprehensive income, net of tax** | **4161** | **5887** | **3592** | **3025** |
|  **Total comprehensive income (loss)** | **(23108)** | **1374683** | **(6700)** | **1160522** |
|  **Earnings (Loss) per share** (Notes 15 and 24) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic and diluted earnings (loss) per share (Unit: In Korean Won) | (86) | 1749 | (67) | 1450 |

---

The accompanying notes are part of these condensed separate interim financial statements.

------

**WOORI FINANCIAL GROUP INC.** 

**SEPARATE INTERIM STATEMENTS OF CHANGES IN EQUITY** 

**FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Capital<br>stock** | **Capital<br>surplus** | **Hybrid<br>securities** | **Other<br>equity** | **Retained<br>earnings** | **Total**<br>**equity** |
|  | **(Korean Won in millions)** | **(Korean Won in millions)** | **(Korean Won in millions)** | **(Korean Won in millions)** | **(Korean Won in millions)** | **(Korean Won in millions)** |
|  **January 01, 2024** | 3802676 | 11120236 | 3610953 | (7871) | 5475004 | 24000998 |
|  Total comprehensive income |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income |  |  |  |  | 1157497 | 1157497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net gain on valuation of equity securities at FVTOCI |  |  |  | 4008 |  | 4008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Remeasurement loss related to defined benefit plan |  |  |  | (983) |  | (983) |
|  Transactions with owners |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends to common stocks |  |  |  |  | (614870) | (614870) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuance of hybrid securities |  |  | 797914 |  |  | 797914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends to hybrid securities |  |  |  |  | (75007) | (75007) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of treasury stocks |  |  |  | (136688) |  | (136688) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retirement of treasury stocks |  |  |  | 136688 | (136688) |  |
|  **June 30, 2024 (Unaudited)** | 3802676 | 11120236 | 4408867 | (4846) | 5805936 | 25132869 |
|  **January 01, 2025** | 3802676 | 11120236 | 3810225 | (1189) | 5420783 | 24152731 |
|  Total comprehensive income |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income |  |  |  |  | 1368796 | 1368796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net gain on valuation of equity securities at FVTOCI |  |  |  | 6988 |  | 6988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Remeasurement loss related to defined benefit plan |  |  |  | (1101) |  | (1101) |
|  Transactions with owners |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends to common stocks |  |  |  |  | (637502) | (637502) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuance of hybrid securities |  |  | 398789 |  |  | 398789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends to hybrid securities |  |  |  |  | (75672) | (75672) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Redemption of hybrid securities |  |  | (698277) | (1723) |  | (700000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer of redemption loss of hybrid securities to retained earnings |  |  |  | 2456 | (2456) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of treasury stocks |  |  |  | (150000) |  | (150000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to retained earnings |  | (3000000) |  |  | 3000000 |  |
|  **June 30, 2025 (Unaudited)** | 3802676 | 8120236 | 3510737 | (144569) | 9073949 | 24363029 |

---

The accompanying notes are part of these condensed separate interim financial statements.

------

**WOORI FINANCIAL GROUP INC.** 

**SEPARATE STATEMENTS OF CASH FLOWS** 

**FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | |
|:---|:---|:---|
|  | **For the six-month periods ended June 30** | **For the six-month periods ended June 30** |
|  | **2025** | **2024** |
|  | **(Korean Won in millions)** | **(Korean Won in millions)** |
|  **Cash flows from operating activities:** |  |  |
|  Net income | 1368796 | 1157497 |
|  Adjustments to net income: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income tax expense | 212 | 658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income | (21628) | (28748) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest expense | 35022 | 22567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | (1435418) | (1195721) |
|  | (1421812) | (1201244) |
|  Adjustments for profit/loss items not involving cash flows: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision of impairment losses due to credit loss | 115 | 442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retirement benefit | 2770 | 1956 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization | 2860 | 3080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on disposal of premises and equipment, intangible assets and other assets | (4) | (5) |
|  | 5741 | 5473 |
|  Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and other financial assets at amortized cost | (14905) | (58739) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other assets | 47 | 191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net defined benefit liability | (1921) | 1213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial liabilities | 12689 | 53744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other liabilities | (46) | (59) |
|  | (4136) | (3650) |
|  Interest income received | 21660 | 30553 |
|  Interest expense paid | (32792) | (22236) |
|  Dividends received | 1435668 | 1195747 |
|  Income tax paid | (1967) | (1967) |
|  | 1422569 | 1202097 |
|  Net cash provided by operating activities | 1371158 | 1160173 |
|  **Cash flows from investing activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase on other investment assets | (200140) | (720000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of investments in subsidiaries |  | (473807) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of financial assets at FVTOCI | (150000) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal of financial assets at FVTOCI | 150000 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of premises and equipment | (63) | (177) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of intangible assets | (410) | (303) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Decrease on guarantee deposits for leases |  | 37 |
|  | (200613) | (1194250) |
|  **Cash flows from financing activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuance of debentures | 598958 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Redemption of debentures | (100000) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuance of hybrid securities | 398789 | 797914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Redemption of hybrid securities | (700000) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of treasury stocks | (149860) | (136688) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Redemption of lease liabilities | (1593) | (1498) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends paid to hybrid securities | (75672) | (75007) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends paid | (637502) | (614870) |
|  | (666880) | (30149) |
|  **Net increase (decrease) in cash and cash equivalents** | 503665 | (64226) |
|  **Cash and cash equivalents, beginning of the period** | 1185912 | 289507 |
|  **Cash and cash equivalents, end of the period (Note 5)** | 1689577 | 225281 |

---

The accompanying notes are part of these condensed separate interim financial statements.

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**1.** **GENERAL** 

(1) Summary of the parent company

Woori Financial Group, Inc. (hereinafter referred to the "Company") is primarily aimed at controlling subsidiaries that operate in the financial industry or those that are closely related to the financial industry through the ownership of shares and was established on January 11, 2019 under the Financial Holding Company Act through the comprehensive transfer with shareholders of Woori Bank, Woori FIS Co., Ltd., Woori Finance Research Institute Co., Ltd., Woori Credit Information Co., Ltd., Woori Fund Services Co., Ltd. and Woori Private Equity Asset Management Co. Ltd. The headquarters of the Company is located at 51, Sogong-ro, Jung-gu, Seoul, Korea, and the capital is 3,802,676 million Won. The Company's stocks were listed on the Korea Exchange on February 13, 2019, and its American Depository Shares ("ADS") are also being traded as the underlying common stock on the New York Stock Exchange since the same date.

The details of stock transfer from the Company and subsidiaries as of incorporation are as follows (Unit: Number of shares):

---

| | | | |
|:---|:---|:---|:---|
| Stock transfer company | Total number of<br>issued shares | Exchange ratio<br>per share | Number of Parent<br>company's stocks |
|  Woori Bank | 676000000 | 1 | 676000000 |
|  Woori FIS Co., Ltd. | 4900000 | 0.2999708 | 1469857 |
|  Woori Finance Research Institute Co., Ltd. | 600000 | 0.1888165 | 113289 |
|  Woori Credit Information Co., Ltd. | 1008000 | 1.1037292 | 1112559 |
|  Woori Fund Service Co., Ltd. | 2000000 | 0.4709031 | 941806 |
|  Woori Private Equity Asset Management Co., Ltd. | 6000000 | 0.0877992 | 526795 |

---

As of August 1, 2019, the Company acquired a 73% interest in Tongyang Asset Management Co., Ltd. and changed the name to Woori Asset Management Corp. Also, as of August 1, 2019, the Company gained 100% control of ABL Global Asset Management Co., Ltd., added it as a consolidated subsidiary and changed the name to Woori Global Asset Management Co., Ltd. on December 6, 2019.

The Company paid 598,391 million Won in cash and 42,103,377 new shares of the Company to acquire 100% interest of Woori Card Co., Ltd. from its subsidiary Woori Bank on September 10, 2019. On the same date, the Company also acquired 59.8% interest of Woori Investment Bank Co., Ltd. from Woori Bank with 392,795 million Won in cash.

As of December 30, 2019, the Company acquired 67.2% interests (excluding treasury stock, 51.0% when including treasury stock) in Woori Asset Trust Co. (formerly Kukje Asset Trust Co.) In addition, as of March 31, 2023, the Company acquired an additional 28.1% interests in Woori Asset Trust Co. (excluding treasury stock, 21.3% when including treasury stock).

As of December 10, 2020, the Company acquired 76.8% interests (excluding treasury stock, 74.0% when including treasury stock) in Woori Financial Capital Co., Ltd. (formerly Aju Capital Co., Ltd.). In addition, as of April 15, 2021, the Company acquired an additional 13.3% interests in Woori Financial Capital Co., Ltd. (excluding treasury stock, 12.9% in the case of including treasury stock), and as of May 24, 2021, the Company additionally acquired treasury stock(3.6%) which Woori Financial Capital possessed.

As of March 12, 2021, the Company paid 113,238 million Won in cash to acquire 100% interests on Woori Savings Bank from Woori Financial Capital Co., Ltd., our subsidiary.

As of August 10, 2021, the Company paid 5,792,866 new shares of the Company to the shareholders of Woori Financial Capital Co., Ltd. (excluding the Company) through comprehensive stock exchange and acquired residual interest (9.5%) of Woori Financial Capital Co., Ltd., to make it a wholly owned subsidiary.

As of January 7, 2022, Woori Financial F&I Co., Ltd., an investment company for non-performing loans and restructuring companies, was established (100% stock, 200 billion Won in stock payments) and incorporated as a subsidiary.

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

As of March 23, 2023, the Company acquired 53.9% interests in Woori Venture Partners Co., Ltd. (formerly Daol Investment Co., Ltd.) (excluding treasury stock, 52.0% in the case of including treasury stock). In addition, as of May 30, 2023, the Company additionally acquired treasury stock held by Woori Venture Partners Co., Ltd. (3.5%).

As of August 8, 2023, the Company paid 22,541,465 new shares of the Company to the shareholders of Woori Investment Bank Co., Ltd. (excluding the Company) through comprehensive stock exchange and acquired residual interest (41.3%) of Woori Investment Bank Co., Ltd., to make it a wholly owned subsidiary. In addition, on the same day, the Company paid 9,933,246 new shares of the Company to the shareholders of Woori Venture Partners Co., Ltd. (excluding the Company) through comprehensive stock exchange and acquired residual interest (44.5%) of Woori Venture Partners Co., Ltd., to make it a wholly owned subsidiary.

As of January 29, 2024, the Company owned interest (77.5%) of Woori Asset Management Corp, as a result of merger with Woori Asset Management Corp (surviving company) and Woori Global Asset Management Co., Ltd. (dissolution company), which was liquidated. As of March 29, 2024, the Company acquired residual interest(22.5%) of Woori Asset Management Corp, to make it a wholly owned subsidiary.

On March 25, 2024, the Company participated in the capital increase and acquired the 1,062,045 shares (96.7% after acquiring shares, 79.4% including treasury shares) of Woori Asset Trust Co., Ltd. Additionally, on March 29, 2024, Woori Asset Trust Co., Ltd. conducted a complete retirement of its 738,000 treasury shares. In addition, as of April 8, 2024, the Company additionally acquired minority interests (2.0%) of Woori Asset Trust Co., Ltd.. Afterward, the Company additionally acquired minority interests (0.9%) of Woori Asset Trust Co., Ltd. as of November 19, 2024.

On August 1, 2024, The Company owned 97.1% interest in merged securities firm as a result of merger between Korea Foss Securities (the surviving company) and Woori Investment Bank Co., Ltd. (dissolution company), and acquired an additional 2.3% out of the remaining interest. The merged securities company also changed its name to Woori Investment Securities Co., Ltd.

**2.** **BASIS OF PREPARATION AND MATERIAL ACCOUNTING POLICIES** 

The Company's financial statements are condensed interim financial statements prepared in accordance with Korean IFRS 1034, Interim Financial Reporting for some of periods in which the annual separate financial statements belong. They are also separate financial statements prepared in accordance with Korean IFRS 1027 Separate Financial Statements. It is necessary to use the Company's annual separate financial statements for the year ended December 31, 2024 for understanding of the accompanying condensed interim financial statements. The accompanying condensed interim financial statements contain less information compared to the information required in the annual financial statements. Selective footnotes include explanations of transactions or events that are significant for understanding the changes in the financial position and performance of the Company since the end of the previous annual reporting period.

(1) From the accounting period beginning on January 1, 2025, the Company has newly applied the following
standards and interpretations.

1) Amendments to K-IFRS 1021 *'The Effects of Changes in Foreign Exchange Rates'* and K-IFRS 1101 *'First-time Adoption of International Financial Reporting Standards'* – Lack of Exchangeability

When an entity estimates a spot exchange rate because exchangeability between two currencies is lacking, the entity shall disclose related information. The amendments do not have a significant impact on the financial statements.

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(2) The details of K-IFRSs that have been issued and published since
January 1, 2025 but have not yet reached the effective date are as follows:

1) Amendments to K-IFRS 1109 'Financial Instruments', K-IFRS 1107 'Financial Instruments: Disclosures'

K-IFRS 1109 'Financial Instruments' and K-IFRS 1107 'Financial Instruments: Disclosures' have been amended to respond to recent questions arising in practice, and to include new requirements. The amendments should be applied for annual periods beginning on or after January 1, 2026, and earlier application is permitted. The company is currently reviewing the impact of this amendment on the financial statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• clarify the date of recognition and derecognition of some financial assets and liabilities, with a new exception
for some financial liabilities settled through an electronic cash transfer system;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal
and interest (SPPI) criterion;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• add new disclosures of impact on the entity and the extent to which the entity is exposed for each type of
financial instruments if the timing or amount of contractual cash flow changes due to amendment of contract term; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• update the disclosures for equity instruments designated at fair value through other comprehensive income
(FVOCI).

2) Annual Improvements to K-IFRS – 'Volume 11'

Annual Improvements to K-IFRS – *'Volume 11'* should be applied for annual periods beginning on or after January 1, 2026, and earlier application is permitted. The Company does not expect the amendments to have a significant impact on the financial statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• K-IFRS 1101 ' *First-time Adoption of International Financial Reporting Standards'*: Hedge accounting by a first-time adopter

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• K-IFRS 1107 *'Financial Instruments: Disclosures'*: Gain
or loss on derecognition, and implementation guidance

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• K-IFRS 1109 *'Financial Instruments'*: Derecognition of
lease liabilities and definition of transaction price

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• K-IFRS 1110 *'Consolidated Financial Statements'*:
Determination of a 'de facto agent'

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• K-IFRS 1007 *'Statement of Cash Flows'*: Cost method

(3) Material accounting policies and method of computation used in the preparation of the condensed interim
financial statements are consistent with those of the annual financial statements for the year ended December 31, 2024, except for the one described below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Income tax expense

Income tax expense for the interim period is recognized based on the weighted average annual income tax rate expected for the expected gross annual profit. The estimated average annual tax rate is applied to the pre-tax income.

**3.** **MATERIAL ACCOUNTING ESTIMATES AND ASSUMPTIONS** 

The management shall make judgements, estimates and assumptions that affect the application of accounting policies and assets, liabilities, revenues and expenses in preparing condensed interim financial statements. Therefore, the actual results may differ from these estimates.

The important judgements by the management excluding the estimation methods used to determine corporate income tax expense on accounting policies and the main sources of estimation uncertainty for preparing condensed interim financial statements are identical to ones used in the Company's annual separate financial statements for the year ended December 31, 2024.

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**4.** **RISK MANAGEMENT** 

The Company is exposed to various risks that may arise from its operating activities and credit risk, market risk and liquidity risk are the main types of risks. In order to manage such risks, the Risk Management Department analyzes, assesses, and establishes risk management standards, including policies, guidelines, management systems and decision-making to ensure sound management of the Company.

The Risk Management Committee, Chief Risk Officer ("CRO") and the Risk Management Department are operated as risk management organizations. The Board of Directors operates the Risk Management Committee, composed of nonexecutive directors for professional risk management. The Risk Management Committee performs as the top decision-making body for risk management by establishing fundamental risk management policies that are consistent with the Company's management strategy and by determining the Company's acceptable level of risk.

CRO assists the Risk Management Committee and operates the Company Risk Management Council, which is composed of the risk management managers of the subsidiaries, to periodically check and improve the external environment and the Company's risk burden. The Risk Management Department which is independently structured, controls the risk management matter of the Company and reports key risks and assists decision-making.

(1) Credit risk

Credit risk represents the possibility of financial losses incurred due to the refusal of the transaction or when the counterparty fails to fulfill its contractual obligations. The goal of credit risk management is to maintain the Company's credit risk exposure to a permissible degree and to optimize its rate of return considering such credit risk.

1) Credit risk management

The Company measures expected loss on assets subject to credit risk management and uses it as a management indicator.

2) Maximum exposure

The maximum exposure to credit risk is as follows (Unit: Korean Won in millions):

---

| | | | |
|:---|:---|:---|:---|
|  | | June 30, 2025 | December 31, 2024 |
|  Loans and other financial assets at amortized cost | Government | 1 | 1 |
|  | Banks | 848292 | 165144 |
|  | Corporates | 54924 | 39286 |
|  | Total | 903217 | 204431 |

---

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Credit risk exposure by geographical areas

The following tables analyze credit risk exposure by geographical areas (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | December 31, 2024 | December 31, 2024 |
|  | Korea | Korea | Korea | Korea |
|  Loans and other financial assets at amortized cost |  | 903217 |  | 204431 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Credit risk exposure by industries

The following tables analyze credit risk exposure by industries, which are finance and insurance, and others in accordance with the Korea Standard Industrial Classification Code as of June 30, 2025 and December 31, 2024 (Unit: Korean Won in millions):

---

| | | | |
|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | June 30, 2025 |
|  | Finance and<br>insurance | Others | Total |
|  Loans and other financial assets at amortized cost | 902383 | 834 | 903217 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Finance and<br>insurance | Others | Total |
|  Loans and other financial assets at amortized cost | 203262 | 1169 | 204431 |

---

3) Credit risk exposure

The maximum exposure to credit risk by asset quality as of June 30, 2025 and December 31, 2024 is as follows (Unit: Korean Won in millions):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 |
|  | Stage 1 | Stage 1 | Stage 2 | Stage 2 | Stage 3 | Total | Loss<br>allowance | Total, net |
| Financial assets | Above<br>appropriate<br>credit rating<br>(\*1) | Less than<br>a limited<br>credit rating<br>(\*2) | Above<br>appropriate<br>credit<br>rating (\*1) | Less than a<br>limited credit<br>rating<br>(\*2) | Stage 3 | Total | Loss<br>allowance | Total, net |
|  Loans and other financial assets at amortized cost | 903388 |  |  |  |  | 903388 | (171) | 903217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government | 1 |  |  |  |  | 1 |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banks | 848461 |  |  |  |  | 848461 | (169) | 848292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporates | 54926 |  |  |  |  | 54926 | (2) | 54924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General business | 54926 |  |  |  |  | 54926 | (2) | 54924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 903388 |  |  |  |  | 903388 | (171) | 903217 |

---

(\*1) Credit grade of corporates are AAA ~ BBB.

(\*2) Credit grade of corporates are BBB- ~ C.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Stage 1 | Stage 1 | Stage 2 | Stage 2 | Stage 3 | Total | Loss<br>allowance | Total, net |
| Financial assets | Above<br>appropriate<br>credit<br>rating (\*1) | Less<br>than a<br>limited<br>credit<br>rating<br>(\*2) | Above<br>appropriate<br>credit<br>rating (\*1) | Less<br>than a<br>limited<br>credit<br>rating<br>(\*2) | Stage 3 | Total | Loss<br>allowance | Total, net |
|  Loans and other financial assets at amortized cost | 204487 |  |  |  |  | 204487 | (56) | 204431 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Government | 1 |  |  |  |  | 1 |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banks | 165200 |  |  |  |  | 165200 | (56) | 165144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporates | 39286 |  |  |  |  | 39286 |  | 39286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General business | 39286 |  |  |  |  | 39286 |  | 39286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 204487 |  |  |  |  | 204487 | (56) | 204431 |

---

(\*1) Credit grade of corporates are AAA ~ BBB.

(\*2) Credit grade of corporates are BBB- ~ C.

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(2) Market risk

Market risk is the possible risk of loss arising from trading position and non-trading position as a result of the volatility of market factors such as interest rates, stock prices and foreign exchange rates, and the Company's main market risk is interest rate risk.

The Company estimates and manages risks related to changes in interest rate due to the difference in the maturities of interest-bearing assets and liabilities and discrepancies in the terms of interest rates.

(3) Liquidity risk

Liquidity risk refers to the risk that the Company may encounter difficulties in meeting obligations from its financial liabilities.

1) Liquidity risk management

Liquidity risk management is to prevent damages from potential liquidity shortages with effective risk management that could arise from mismatching the maturity of assets and liabilities or unexpected cash outflows. The financial liabilities in the statement of financial position that are relevant to liquidity risk are incorporated within the scope of risk management.

The Company manages liquidity risk through various cash flows analysis (i.e. based on remaining maturity and contract period, etc.).

2) Maturity analysis of non-derivative financial liabilities

Cash flows of principals and interests by remaining contractual maturities of non-derivative financial liabilities are as follows (Unit: Korean Won in millions):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 |
|  | Within 3<br>months | 4 to 6<br>months | 7 to 9<br>months | 10 to 12<br>months | 1 to 5<br>years | Over<br>5 years | Total |
|  Debentures | 226849 | 16267 | 96047 | 175267 | 2125598 | 61366 | 2701394 |
|  Lease liabilities | 804 | 800 | 181 | 83 | 369 |  | 2237 |
|  Other financial liabilities(\*) | 14853 | 5479 | 388 | 6305 | 53965 |  | 80990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 242506 | 22546 | 96616 | 181655 | 2179932 | 61366 | 2784621 |

---

(\*) It does not include lease liabilities.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Within 3<br>months | 4 to 6<br>months | 7 to 9<br>months | 10 to 12<br>months | 1 to 5<br>years | Over<br>5 years | Total |
|  Debentures | 14965 | 114700 | 222634 | 12083 | 1770174 | 62019 | 2196575 |
|  Lease liabilities | 778 | 776 | 772 | 769 | 328 |  | 3423 |
|  Other financial liabilities(\*) | 19176 |  | 8768 | 281 | 44798 |  | 73023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 34919 | 115476 | 232174 | 13133 | 1815300 | 62019 | 2273021 |

---

(\*) It does not include lease liabilities.

3) Maturity analysis of derivative financial liabilities

There are no derivative financial liabilities measured at fair value through profit or loss as of June 30, 2025 and December 31, 2024.

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**5.** **CASH AND CASH EQUIVALENTS** 

Details of cash and cash equivalents are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | June 30, 2025 | December 31, 2024 |
|  Demand deposits | 1432577 | 11912 |
|  Fixed deposits | 257000 | 1174000 |
|  Total | 1689577 | 1185912 |

---

**6.** **FINANCIAL ASSETS AT FVTOCI** 

(1) Details of financial assets at FVTOCI as of June 30, 2025 and December 31, 2024 are as follows (Unit:
Korean Won in millions):

---

| | | | |
|:---|:---|:---|:---|
|  | Issuer | June 30, 2025 | December 31, 2024 |
|  Hybrid securities | Woori Card Co., Ltd. | 363817 | 357093 |
|  | Woori Financial Capital Co., Ltd. | 199196 | 196425 |
|  | Total | 563013 | 553518 |

---

(2) Details of equity securities designated as financial assets at FVTOCI as of June 30, 2025 and
December 31, 2024 are as follows (Unit: Korean Won in millions):

---

| | | | |
|:---|:---|:---|:---|
| Purpose of acquisition | Issuer | June 30, 2025 | December 31, 2024 |
|  Investment for political purpose | Woori Card Co., Ltd. | 363817 | 357093 |
|  | Woori Financial Capital Co., Ltd. | 199196 | 196425 |
|  | Total | 563013 | 553518 |

---

**7.** **LOANS AND OTHER FINANCIAL ASSETS AT AMORTIZED COST** 

(1) Details of loans and other financial assets at amortized cost as of June 30, 2025 and December 31,
2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | June 30, 2025 | December 31, 2024 |
|  Due from banks | 299972 | 99944 |
|  Other financial assets | 603245 | 104487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 903217 | 204431 |

---

(2) Details of due from banks are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | June 30, 2025 | December 31, 2024 |
|  Due from banks in local currency: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from depository banks | 300000 | 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 140 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss allowance | (168) | (56) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 299972 | 99944 |

---

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(3) Changes in the allowance for credit losses and gross carrying amount of due from banks are as follows (Unit:
Korean Won in millions):

1) Allowance for credit losses

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | (56) |  |  | (56) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision of allowance for credit loss | (112) |  |  | (112) |
|  Ending balance | (168) |  |  | (168) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | (654) |  |  | (654) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision of allowance for credit loss | (442) |  |  | (442) |
|  Ending balance | (1096) |  |  | (1096) |

---

2) Gross carrying amount 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 100000 |  |  | 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase | 200140 |  |  | 200140 |
|  Ending balance | 300140 |  |  | 300140 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 1074000 |  |  | 1074000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase | 720000 |  |  | 720000 |
|  Ending balance | 1794000 |  |  | 1794000 |

---

(4) Details of other financial assets are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | June 30, 2025 | December 31, 2024 |
|  Receivables | 595691 | 95857 |
|  Accrued income | 5414 | 6520 |
|  Lease deposits | 2142 | 2109 |
|  Other assets | 1 | 1 |
|  Loss allowance | (3) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 603245 | 104487 |

---

(5) Changes in the allowances for credit losses and gross carrying amount of other financial assets are as follows
(Unit: Korean Won in millions):

1) Allowance for credit losses

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision of allowance for credit loss | (3) |  |  | (3) |
|  Ending balance | (3) |  |  | (3) |

---

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | (9) |  |  | (9) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision of allowance for credit loss |  |  |  |  |
|  Ending balance | (9) |  |  | (9) |

---

2) Gross carrying amount 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 104487 |  |  | 104487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase | 498761 |  |  | 498761 |
|  Ending balance | 603248 |  |  | 603248 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 31478 |  |  | 31478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase | 128047 |  |  | 128047 |
|  Ending balance | 159525 |  |  | 159525 |

---

**8.** **FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES** 

(1) The fair value hierarchy

The fair value hierarchy is determined by the levels of judgment involved in estimating fair values of financial assets and liabilities. The specific financial instruments characteristics and market condition such as volume of transactions and transparency are reflected to the market observable inputs. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities. The Company maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring the fair value of its financial assets and financial liabilities. Fair value is measured based on the perspective of a market participant. As such, even when market assumptions are not readily available, the Company's own assumptions reflect those that market participants would use for measuring the assets or liabilities at the measurement date.

The fair value measurement is described in the one of the following three levels used to classify fair value measurements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1—fair value measurements are those derived from quoted prices (unadjusted) in active markets for
identical assets or liabilities. The types of financial assets or liabilities generally included in Level 1 are publicly traded equity securities, derivatives, and debt securities issued by governmental bodies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2— fair value measurements are those derived from inputs other than quoted prices included
within Level 1 that are observable for the asset or liability, either directly (i.e. prices) or indirectly (i.e. derived from prices). The types of financial assets or liabilities generally included in Level 2 are debt securities not
traded in active markets and derivatives traded in OTC but not required significant judgment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3— fair value measurements are those derived from valuation techniques that include inputs for
the assets or liabilities that are not based on observable market data (unobservable inputs). The types of financial assets or liabilities generally included in Level 3 are non-public securities and
derivatives and debt securities of which valuation techniques require significant judgments and subjectivity.

The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company's assessment of the significance of a particular input to a fair value measurement in its entirety requires judgment and consideration of inherent factors of the asset or liability.

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(2) Fair value hierarchy of financial assets and liabilities measured at fair value are as follows (Unit: Korean
Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 |
|  | Level 1 | Level 2 | Level 3 | Total |
|  Financial assets: |  |  |  |  |
|  Financial assets at FVTOCI |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hybrid securities |  |  | 563013 | 563013 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Level 1 | Level 2 | Level 3 | Total |
|  Financial assets: |  |  |  |  |
|  Financial assets at FVTOCI |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hybrid securities |  |  | 553518 | 553518 |

---

Financial assets measured at FVTPL and financial assets measured at FVTOCI are recognized at fair value. Fair value is the amount that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date.

Financial instruments are measured at fair value using a quoted market price in active markets. If there is no active market for a financial instrument, the Company determines the fair value using valuation methods. Valuation methods and input variables for each type of financial instruments are as follows:

<u> Valuation methods</u> <u> Input variables</u> <br> Hybrid securities The fair value is measured using the Hull and White model and the Monte Carlo Simulations. YTM Matrix, Additive spread by grade, Risk spread by entity, Effective Credit rating, Issuing information by item, Interest rate volatility estimate

Valuation methods of financial assets and liabilities measured at fair value and classified into Level 3 and significant but unobservable inputs are as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Fair value<br>measurement<br>technique | Type | Significant<br>unobservable<br>inputs | Range | Impact of changes in significant<br>unobservable inputs on fair value<br>measurement |
| Hybrid securities | Hull and White, Monte Carlo Simulation | Hybrid<br> securities<br> related | Estimated volatility of interest rate, Discount rate | Estimated volatility of interest rate 0.55%<br> Discount rate<br> 3.00% ~ 6.04% | Variation of fair value increases as estimated volatility of interest rate increases. |

---

The fair value of financial assets classified as level 3 uses external valuation figures.

(3) Changes in financial assets and liabilities measured at fair value classified into Level 3 are as follows
(Unit: Korean Won in millions):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Beginning<br>balance | Net<br>Income | Other<br>comprehensive<br>income | Purchases/<br>Issuances | Disposals/<br>Settlements | Transfer to or<br>out of Level 3 | Ending<br>balance |
|  Financial assets: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTOCI |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hybrid securities | 553518 |  | 9495 | 150000 | (150000) |  | 563013 |

---

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Beginning<br>balance | Net<br>Income | Other<br>comprehensive<br>income | Purchases/<br>Issuances | Disposals/<br>Settlements | Transfer to or<br>out of Level 3 | Ending<br>balance |
|  Financial assets: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTOCI |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hybrid securities | 539709 |  | 5444 |  |  |  | 545153 |

---

(4) Sensitivity analysis results on reasonable fluctuation of the significant unobservable input variables for the
fair value of Level 3 financial instruments are as follows.

The sensitivity analysis on financial instruments shows how changes in unobservable inputs affect changes in fair value of the instruments through favorable and unfavorable changes. When the fair value of a financial instrument is affected by more than one unobservable assumption, the below table reflects the most favorable or the most unfavorable changes which resulted from varying the assumptions individually. The sensitivity analysis was performed for hybrid securities of which fair value changes are recognized as other comprehensive income among level 3 financial instruments.

The following table presents the sensitivity analysis to disclose the effect of reasonably possible volatility(Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 |
|  | Net income | Net income | Other comprehensive income (loss) | Other comprehensive income (loss) |
|  | Favorable | Unfavorable | Favorable | Unfavorable |
|  Financial assets: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTOCI |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hybrid securities (\*) |  |  | 16125 | (15570) |

---

---

| | |
|:---|:---|
| (\*) | Fair value changes of hybrid securities are calculated by increasing or decreasing discount rate, which is the major unobservable variable, by 1%, respectively.  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Net income | Net income | Other comprehensive income (loss) | Other comprehensive income (loss) |
|  | Favorable | Unfavorable | Favorable | Unfavorable |
|  Financial assets: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTOCI |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hybrid securities (\*) |  |  | 11910 | (11567) |

---

---

| | |
|:---|:---|
| (\*) | Fair value changes of hybrid securities are calculated by increasing or decreasing discount rate, which is the major unobservable variable, by 1%, respectively.  |

---

(5) Fair value and carrying amount of financial assets and liabilities that are recorded at amortized cost are as
follows (Unit: Korean Won in millions):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 |
|  | Fair value | Fair value | Fair value | Fair value | Carrying amount |
|  | Level 1 | Level 2 | Level 3 | Total | Carrying amount |
|  Financial assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and other financial assets at amortized cost (\*1) |  |  | 903217 | 903217 | 903217 |
|  Financial liabilities: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debentures |  | 2533786 |  | 2533786 | 2537302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial liabilities (\*1,2) |  |  | 80991 | 80991 | 80991 |

---

---

| | |
|:---|:---|
| (\*1) | The carrying amount is disclosed at fair value considering the carrying amount as an approximation of fair value.  |

---

(\*2) It does not include lease liabilities.

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Fair value | Fair value | Fair value | Fair value | Carrying amount |
|  | Level 1 | Level 2 | Level 3 | Total | Carrying amount |
|  Financial assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and other financial assets at amortized cost (\*1) |  |  | 204431 | 204431 | 204431 |
|  Financial liabilities: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debentures |  | 2010571 |  | 2010571 | 2037567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial liabilities (\*1,2) |  |  | 73023 | 73023 | 73023 |

---

---

| | |
|:---|:---|
| (\*1) | The carrying amount is disclosed at fair value considering the carrying amount as an approximation of fair value.  |

---

(\*2) It does not include lease liabilities.

The fair values of financial instruments are measured using quoted market price in active markets. In case there is no active market for financial instruments, the Company determines the fair value using valuation methods. For the disclosed items in which book value is considered to be the approximate value of fair value, valuation techniques and input variables are not disclosed. Valuation techniques and input variables for the fair value of financial liabilities that are recorded at amortized cost are as follows:

<u> Valuation methods</u> <u> Input variables</u> <br> Debentures The fair value is measured by discounting the projected cash flows of debt products by applying the market discount rate that is reflecting credit rating of the Company. Risk-free market rate, etc.

(6) Financial instruments by category

Carrying amounts of financial assets and liabilities by each category are as follows (Unit: Korean Won in millions):

1) Financial assets

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 |
| Financial assets | Financial assets at<br>FVTPL | Financial assets at<br>FVTOCI | Financial assets at<br>amortized cost | Total |
|  Due from banks |  |  | 299972 | 299972 |
|  Hybrid securities |  | 563013 |  | 563013 |
|  Other financial assets |  |  | 603245 | 603245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total |  | 563013 | 903217 | 1466230 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
| Financial assets | Financial assets at<br>FVTPL | Financial assets at<br>FVTOCI | Financial assets at<br>amortized cost | Total |
|  Due from banks |  |  | 99944 | 99944 |
|  Hybrid securities |  | 553518 |  | 553518 |
|  Other financial assets |  |  | 104487 | 104487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total |  | 553518 | 204431 | 757949 |

---

2) Financial liabilities

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | December 31, 2024 | December 31, 2024 |
| Financial liabilities | Financial liabilities at<br>FVTPL | Financial liabilities at<br>amortized cost | Financial liabilities at<br>FVTPL | Financial<br>liabilities at<br>amortized cost |
|  Debentures |  | 2537302 |  | 2037567 |
|  Other financial liabilities (\*) |  | 80991 |  | 73023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total |  | 2618293 |  | 2110590 |

---

(\*) It does not include lease liabilities.

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**9.** **INVESTMENTS IN SUBSIDIARIES** 

(1) Details of Investments in subsidiaries are as follows (Unit: Korean Won in millions and number of shares):

---

| | | | |
|:---|:---|:---|:---|
| Subsidiaries (\*1) | Location | Capital<br>stock | Main business |
|  Woori Bank | Korea | 3581400 | Bank |
|  Woori Card Co., Ltd. | Korea | 896300 | Finance |
|  Woori Financial Capital Co., Ltd. | Korea | 373800 | Finance |
|  Woori Investment Securities Co., Ltd. | Korea | 242900 | Investment Brokerage |
|  Woori Asset Trust Co., Ltd. | Korea | 16900 | Real estate trust |
|  Woori Savings Bank | Korea | 187400 | Mutual saving bank |
|  Woori F&I Co., Ltd. | Korea | 31500 | Finance |
|  Woori Asset Management Corp | Korea | 24000 | Finance |
|  Woori Venture Partners Co., Ltd. | Korea | 50000 | Other financial<br>services |
|  Woori Private Equity Asset Management Co., Ltd. | Korea | 80000 | Finance |
|  Woori Credit Information Co., Ltd. | Korea | 5000 | Credit information |
|  Woori Fund Service Co., Ltd. | Korea | 10000 | Financial support<br>service business |
|  Woori FIS Co., Ltd. | Korea | 24500 | System software<br> development &<br>maintenance |
|  Woori Finance Research Institute Co., Ltd. | Korea | 3000 | Other service<br>business |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | June 30, 2025 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
| Subsidiaries (\*1) | Number of<br>shares | Percentage of<br>ownership<br>(%) (\*2) | Financial<br>statements<br>date of use | Number of<br>shares | Percentage of<br>ownership<br>(%) (\*2) | Financial<br>statements<br>date of use |
|  Woori Bank | 716000000 | 100.0 | June 30, 2025 | 716000000 | 100.0 | December 31, 2024 |
|  Woori Card Co., Ltd. | 179266200 | 100.0 | June 30, 2025 | 179266200 | 100.0 | December 31, 2024 |
|  Woori Financial Capital Co., Ltd. | 74757594 | 100.0 | June 30, 2025 | 74757594 | 100.0 | December 31, 2024 |
|  Woori Investment Securities Co., Ltd. | 483141111 | 99.5 | June 30, 2025 | 483141111 | 99.5 | December 31, 2024 |
|  Woori Asset Trust Co., Ltd. | 3368645 | 99.6 | June 30, 2025 | 3368645 | 99.6 | December 31, 2024 |
|  Woori Savings Bank | 37476895 | 100.0 | June 30, 2025 | 37476895 | 100.0 | December 31, 2024 |
|  Woori F&I Co., Ltd. | 6298895 | 100.0 | June 30, 2025 | 6298895 | 100.0 | December 31, 2024 |
|  Woori Asset Management Corp | 4797154 | 100.0 | June 30, 2025 | 4797154 | 100.0 | December 31, 2024 |
|  Woori Venture Partners Co., Ltd. | 100000000 | 100.0 | June 30, 2025 | 100000000 | 100.0 | December 31, 2024 |
|  Woori Private Equity Asset Management Co., Ltd. | 16000000 | 100.0 | June 30, 2025 | 16000000 | 100.0 | December 31, 2024 |
|  Woori Credit Information Co., Ltd. | 1008000 | 100.0 | June 30, 2025 | 1008000 | 100.0 | December 31, 2024 |
|  Woori Fund Service Co., Ltd. | 2000000 | 100.0 | June 30, 2025 | 2000000 | 100.0 | December 31, 2024 |
|  Woori FIS Co., Ltd. | 4900000 | 100.0 | June 30, 2025 | 4900000 | 100.0 | December 31, 2024 |
|  Woori Finance Research Institute Co., Ltd. | 600000 | 100.0 | June 30, 2025 | 600000 | 100.0 | December 31, 2024 |

---

(\*1) Only subsidiaries invested directly by the Company are included.

---

| | |
|:---|:---|
| (\*2) | The percentage is based on the effective shareholding rate relative to the number of stocks outstanding.  |

---

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(2) Changes in the carrying value of investments in subsidiaries are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Beginning balance | Acquisition | Disposal | Ending balance |
|  Woori Bank | 18921151 |  |  | 18921151 |
|  Woori Card Co., Ltd. | 1118367 |  |  | 1118367 |
|  Woori Financial Capital Co., Ltd. | 1003206 |  |  | 1003206 |
|  Woori Investment Securities Co., Ltd. | 1263436 |  |  | 1263436 |
|  Woori Asset Trust Co., Ltd. | 621722 |  |  | 621722 |
|  Woori Savings Bank | 313238 |  |  | 313238 |
|  Woori F&I Co., Ltd. | 320000 |  |  | 320000 |
|  Woori Asset Management Corp | 196825 |  |  | 196825 |
|  Woori Venture Partners Co., Ltd. | 336439 |  |  | 336439 |
|  Woori Private Equity Asset Management Co., Ltd. | 57797 |  |  | 57797 |
|  Woori Credit Information Co., Ltd. | 16466 |  |  | 16466 |
|  Woori Fund Service Co., Ltd. | 13939 |  |  | 13939 |
|  Woori FIS Co., Ltd. | 21754 |  |  | 21754 |
|  Woori Finance Research Institute Co., Ltd. | 1677 |  |  | 1677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 24206017 |  |  | 24206017 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Beginning balance | Acquisition | Disposal | Ending balance |
|  Woori Bank | 18921151 |  |  | 18921151 |
|  Woori Card Co., Ltd. | 1118367 |  |  | 1118367 |
|  Woori Financial Capital Co., Ltd. | 1003206 |  |  | 1003206 |
|  Woori Investment Bank Co., Ltd. | 1207351 |  |  | 1207351 |
|  Woori Asset Trust Co., Ltd.(\*1) | 403642 | 212430 |  | 616072 |
|  Woori Savings Bank(\*2) | 213238 | 100000 |  | 313238 |
|  Woori F&I Co., Ltd. (\*3) | 200000 | 120000 |  | 320000 |
|  Woori Asset Management Corp(\*4) | 122449 | 74376 |  | 196825 |
|  Woori Venture Partners Co., Ltd. | 336439 |  |  | 336439 |
|  Woori Private Equity Asset Management Co., Ltd. | 57797 |  |  | 57797 |
|  Woori Credit Information Co., Ltd. | 16466 |  |  | 16466 |
|  Woori Fund Service Co., Ltd. | 13939 |  |  | 13939 |
|  Woori FIS Co., Ltd. | 21754 |  |  | 21754 |
|  Woori Finance Research Institute Co., Ltd. | 1677 |  |  | 1677 |
|  Woori Global Asset Management Co., Ltd.(\*5) | 33000 |  | 33000 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 23670476 | 506806 | 33000 | 24144282 |

---

---

| | |
|:---|:---|
| (\*1) | The capital increase amount of 200,000 million Won was made in March 2024, and the Company additionally acquired minority interests of 1.95% in April 2024.  |

---

---

| | |
|:---|:---|
| (\*2) | The capital increase amount of 100,000 million Won was made in June 2024.  |

---

---

| | |
|:---|:---|
| (\*3) | The capital increase amount of 120,000 million Won was made in May 2024.  |

---

---

| | |
|:---|:---|
| (\*4) | On January 29, 2024, Woori Asset Management Corp merged with Woori Global Asset Management Co., Ltd. and the Company acquired residual interest (22.5%) of Woori Asset Management Corp, to make it wholly subordinated.  |

---

(\*5) On January 29, 2024, it was merged into Woori Asset Management Corp and excluded from our subsidiaries.

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**10.** **OTHER ASSETS** 

Details of other assets are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | December 31, 2024 | December 31, 2024 |
|  Prepaid expenses |  | 233 |  | 281 |
|  Advance payments |  | 155389 |  | 155389 |
|  |  | 155622 |  | 155670 |

---

**11.** **DEBENTURES** 

Details of debentures are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | December 31, 2024 | December 31, 2024 |
|  | Interest rate (%) | Amount | Interest rate (%) | Amount |
|  Face value of bonds: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General bonds | 2.19~4.25 | 1590000 | 2.19~4.25 | 1090000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subordinated bonds | 2.13~2.55 | 950000 | 2.13~2.55 | 950000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total |  | 2540000 |  | 2040000 |
|  Deducted item: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Discounts on bonds |  | (2698) |  | (2433) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total |  | 2537302 |  | 2037567 |

---

**12.** **PROVISIONS** 

(1) Details of provisions are as follows (Unit: Korean Won in millions):

<u>June 30, 2025</u> <u>December 31, 2024</u> <br> Asset retirement obligation 1,869 1,252

(2) Changes in asset retirement obligation are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the six-month periods ended June 30 | For the six-month periods ended June 30 |
|  | 2025 | 2024 |
|  Beginning balance | 1252 | 1227 |
|  Amortization | 27 | 24 |
|  Changes in contract | 590 | (21) |
|  Ending balance | 1869 | 1230 |

---

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**13.** **NET DEFINED BENEFIT LIABILITY(ASSET)** 

The Company's pension plan is based on the defined benefit retirement pension plan. Employees and directors with one or more years of service are entitled to receive a payment upon termination of their employment, based on their length of service and rate of salary at the time of termination. The assets of the plans are measured at their fair value at the end of reporting date. The plan liabilities are measured using the projected unit method, which takes into account of projected earnings' increase, using actuarial assumptions that give the best estimate of the future cash flows that will arise under the plan liabilities.

The Company is exposed to various risks through defined benefit retirement pension plan, and the most significant risks are as follows:

---

| | |
|:---|:---|
|  Volatility of asset | The defined benefit obligation was estimated with an interest rate calculated based on blue chip corporate bonds earnings. A deficit may occur if the rate of return of plan assets falls short of the interest rate. |
|  Decrease in profitability of blue chip bonds | A decrease in profitability of blue chip bonds will be offset by some increase in the value of debt securities that the employee benefit plan owns but will bring an increase in the defined benefit obligation. |
|  Risk of inflation | Defined benefit obligations are related to inflation rate; the higher the inflation rate is, the higher the level of liabilities. Therefore, deficit occurs in the system if an inflation rate increases. |

---

(1) Details of net defined benefit liability(asset) are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | June 30, 2025 | December 31, 2024 |
|  Present value of defined benefit obligation | 15039 | 14313 |
|  Fair value of plan assets | (14072) | (15691) |
|  Net defined benefit liability(asset) | 967 | (1378) |

---

(2) The amount recognized in profit or loss and total comprehensive income related to the defined benefit plan for
the six-month periods ended June 30, 2025 and 2024 is as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the six-month periods ended June 30 | For the six-month periods ended June 30 |
|  | 2025 | 2024 |
|  Current service cost | 2810 | 2060 |
|  Net interest income | (40) | (104) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost recognized in net income | 2770 | 1956 |
|  Remeasurements (\*) | 1496 | 1335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost recognized in total comprehensive income | 4266 | 3291 |

---

---

| | |
|:---|:---|
| (\*) | The amount is before income tax effect.  |

---

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**14.** **OTHER FINANCIAL LIABILITIES AND OTHER LIABILITIES** 

Other financial liabilities and other liabilities are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | June 30, 2025 | December 31, 2024 |
|  Other financial liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accounts payable | 54670 | 48323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued expenses | 26320 | 24700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lease liabilities | 2198 | 3359 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 83188 | 76382 |
|  Other liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other miscellaneous liabilities | 356 | 404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 83544 | 76786 |

---

**15.** **EQUITY** 

(1) Details of equity as of June 30, 2025 and December 31, 2024 are as follows (Unit: Korean Won in
millions):

---

| | | | |
|:---|:---|:---|:---|
| | | June 30, 2025 | December 31, 2024 |
|  Capital | Capital | 3802676 | 3802676 |
|  Hybrid securities | Hybrid securities | 3510737 | 3810225 |
|  Capital surplus | Capital surplus | 8120236 | 11120236 |
|  Other equity | Treasury stock | (150628) | (628) |
|  | Accumulated other comprehensive income | 7782 | 1895 |
|  | Other adjustments (\*3) | (1723) | (2456) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | (144569) | (1189) |
|  Retained earnings (\*1) (\*2) | Retained earnings (\*1) (\*2) | 9073949 | 5420783 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 24363029 | 24152731 |

---

---

| | |
|:---|:---|
| (\*1) | The regulatory reserve for credit loss in retained earnings amounted to 1,289 million Won and 137 million Won as of June 30, 2025 and December 31, 2024 in accordance with the relevant regulation.  |

---

---

| | |
|:---|:---|
| (\*2) | The earned surplus reserve in retained earnings amounted to 554,990 million Won and 442,650 million Won as of June 30, 2025 and December 31, 2024 in accordance with the Article 53 of the Financial Holding Company Act.  |

---

---

| | |
|:---|:---|
| (\*3) | Other adjustments represent the difference between the book value of hybrid securities and the redemption amount.  |

---

(2) The number of authorized shares and others of the Company are as follows:

---

| | | |
|:---|:---|:---|
|  | June 30, 2025 | December 31, 2024 |
|  Shares of common stock authorized | 4,000,000,000 Shares | 4,000,000,000 Shares |
|  Par value | 5,000 Won | 5,000 Won |
|  Shares of common stock issued (\*) | 742,591,501 Shares | 742,591,501 Shares |
|  Capital stock | 3,802,676 million Won | 3,802,676 million Won |

---

---

| | |
|:---|:---|
| (\*) | Due to retirement of earnings, total par value of the shares issued and paid-in capital are different.  |

---

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(3) Hybrid securities

The bond-type hybrid securities classified as owner's equity are as follows (Unit: Korean Won in millions):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Issue date** | **Maturity** | **Interest rate (%)** | **June 30,**<br>**2025** | **December 31,<br>2024** |
|  Securities in local currency | 2020-02-06 |  | 3.34 |  | 400000 |
|  Securities in local currency | 2020-06-12 |  | 3.23 |  | 300000 |
|  Securities in local currency | 2020-10-23 |  | 3.00 | 200000 | 200000 |
|  Securities in local currency | 2021-04-08 |  | 3.15 | 200000 | 200000 |
|  Securities in local currency | 2021-10-14 |  | 3.60 | 200000 | 200000 |
|  Securities in local currency | 2022-02-17 |  | 4.10 | 300000 | 300000 |
|  Securities in local currency | 2022-07-28 |  | 4.99 | 300000 | 300000 |
|  Securities in local currency | 2022-10-25 |  | 5.97 | 220000 | 220000 |
|  Securities in local currency | 2023-02-10 |  | 4.65 | 300000 | 300000 |
|  Securities in local currency | 2023-09-07 |  | 5.04 | 200000 | 200000 |
|  Securities in local currency | 2024-02-07 |  | 4.49 | 400000 | 400000 |
|  Securities in local currency | 2024-06-19 |  | 4.27 | 400000 | 400000 |
|  Securities in local currency | 2024-10-10 |  | 4.00 | 400000 | 400000 |
|  Securities in local currency | 2025-05-13 |  | 3.45 | 400000 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuance cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuance cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuance cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuance cost | (9263) | (9775) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 3510737 | 3810225 |

---

The hybrid securities mentioned above do not have maturity date but are redeemable after 5 years from the date of issuance.

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(4) Accumulated other comprehensive income

Changes in the accumulated other comprehensive income are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Beginning<br>balance | Increase<br>(decrease) | Income tax<br>effect | Ending<br>balance |
|  Net gain (loss) on valuation of financial assets at FVTOCI | 2590 | 9495 | (2507) | 9578 |
|  Remeasurements of defined benefit plan | (695) | (1496) | 395 | (1796) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 1895 | 7999 | (2112) | 7782 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Beginning<br>balance | Increase<br>(decrease) | Income tax<br>effect | Ending<br>balance |
|  Net gain (loss) on valuation of financial assets at FVTOCI | (7575) | 5445 | (1437) | (3567) |
|  Remeasurements of defined benefit plan | 332 | (1335) | 352 | (651) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | (7243) | 4110 | (1085) | (4218) |

---

(5) Changes in treasury stocks are as follows (Unit: Korean Won in millions, Number of Shares):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Beginning | Beginning | Acquisition | Acquisition | Retirement | Ending | Ending |
|  Number of shares |  | 53945 |  | 8515181 |  |  | 8569126 |
|  Carrying amount |  | 628 |  | 150000 |  |  | 150628 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Beginning | Acquisition | Retirement | Ending |
|  Number of shares | 53945 | 9357960 | (9357960) | 53945 |
|  Carrying amount | 628 | 136688 | (136688) | 628 |

---

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(6) Regulatory reserve for credit loss

In accordance with Article 26 ~ 28 of the Financial holding company Supervision Regulations, the Company calculates and discloses the regulatory reserve for credit loss.

1) Balance of the regulatory reserve for credit loss

Balance of the planned regulatory reserve for credit loss is as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | December 31, 2024 | December 31, 2024 |
|  Beginning balance |  | 1289 |  | 137 |
|  Planned provision of regulatory reserve for credit loss |  | 2490 |  | 1152 |
|  Ending balance |  | 3779 |  | 1289 |

---

2) Provision of regulatory reserve for credit loss, adjusted net income after the provision of regulatory reserve and others

Planned reserves provided, adjusted net income after the planned reserves provided and adjusted EPS after the planned reserves provided are as follows (Unit: Korean Won in millions, except for EPS amount):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Periods ended June 30, 2025 | Periods ended June 30, 2025 | Periods ended June 30, 2024 | Periods ended June 30, 2024 |
|  | Three-month | Six-month | Three-month | Six-month |
|  Net income (loss) before regulatory reserve | (27269) | 1368796 | (10292) | 1157497 |
|  Provision (reversal) of regulatory reserve for credit loss | 1800 | 2490 | 584 | 641 |
|  Adjusted net income (loss) after the provision of regulatory reserve | (29069) | 1366306 | (10876) | 1156856 |
|  Dividends to hybrid securities | (36166) | (75672) | (39749) | (75007) |
|  Adjusted net income (loss) after regulatory reserve and dividends to hybrid securities | (65235) | 1290634 | (50625) | 1081849 |
|  Adjusted EPS (Loss Per Share) after regulatory reserve and dividends to hybrid securities (Unit: Korean Won) | (89) | 1745 | (68) | 1450 |

---

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**16.** **DIVIDENDS** 

(1) Dividends per share and the total dividends for the fiscal year ending December 31, 2024 were 660 Won and
490,075 million Won, respectively, approved at the regular general shareholders' meeting held on March 26, 2025, and were paid in April 2025.

(2) On April 25, 2025, the Board of Directors has declared a quarterly dividend of 200 Won per share
(147,428 million Won in total) and fixed record date as May 10, 2025. Dividends were paid in May 2025.

**17.** **NET INTEREST INCOME (EXPENSE)** 

(1) Details of interest income recognized are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Periods ended June 30, 2025 | Periods ended June 30, 2025 | Periods ended June 30, 2024 | Periods ended June 30, 2024 |
|  | Three-month | Six-month | Three-month | Six-month |
|  Interest on due from banks | 13002 | 21595 | 16088 | 28698 |
|  Other interest income | 16 | 33 | 25 | 50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 13018 | 21628 | 16113 | 28748 |

---

(2) Details of interest expense recognized are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Periods ended June 30, 2025 | Periods ended June 30, 2025 | Periods ended June 30, 2024 | Periods ended June 30, 2024 |
|  | Three-month | Six-month | Three-month | Six-month |
|  Interest on debentures | 18174 | 34951 | 11213 | 22482 |
|  Other interest expense | 14 | 27 | 12 | 25 |
|  Interest on lease liabilities | 21 | 44 | 26 | 60 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 18209 | 35022 | 11251 | 22567 |

---

**18.** **NET FEES AND COMMISSIONS INCOME (EXPENSE)** 

(1) Details of fees and commissions income incurred are as follows (Unit: Korean Won in millions):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Periods ended June 30, 2025 | Periods ended June 30, 2025 | Periods ended June 30, 2025 | Periods ended June 30, 2025 | Periods ended June 30, 2024 | Periods ended June 30, 2024 | Periods ended June 30, 2024 | Periods ended June 30, 2024 |
|  | Three-month | Three-month | Six-month | Six-month | Three-month | Three-month | Six-month | Six-month |
|  Fees and commissions income |  | 417 |  | 876 |  | 406 |  | 813 |

---

(2) Details of fees and commissions expense incurred are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Periods ended June 30, 2025 | Periods ended June 30, 2025 | Periods ended June 30, 2024 | Periods ended June 30, 2024 |
|  | Three-month | Six-month | Three-month | Six-month |
|  Fees and commissions paid | 5403 | 7665 | 2573 | 3939 |
|  Others | 2999 | 5977 | 2836 | 5722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 8402 | 13642 | 5409 | 9661 |

---

**19.** **DIVIDEND INCOME** 

Details of dividend income recognized are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Periods ended June 30, 2025 | Periods ended June 30, 2025 | Periods ended June 30, 2024 | Periods ended June 30, 2024 |
|  | Three-month | Six-month | Three-month | Six-month |
|  Dividend income recognized from investments in subsidiaries |  | 1422898 |  | 1182977 |
|  Dividend income recognized from FVTOCI | 6193 | 12520 | 6388 | 12744 |
|  Total | 6193 | 1435418 | 6388 | 1195721 |

---

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**20.** **REVERSAL (PROVISION) OF IMPAIRMENT LOSSES DUE TO CREDIT LOSS** 

Details of reversal (provision) of impairment losses due to credit loss recognized are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Periods ended June 30, 2025 | Periods ended June 30, 2025 | Periods ended June 30, 2024 | Periods ended June 30, 2024 |
|  | Three-month | Six-month | Three-month | Six-month |
|  Reversal (Provision) of impairment losses due to credit loss on loans and other financial assets at amortized cost | 289 | (115) | 18 | (442) |

---

**21.** **GENERAL AND ADMINISTRATIVE EXPENSES** 

(1) Details of general and administrative expenses recognized are as follows (Unit: Korean Won in millions):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | | Periods ended June 30, 2025 | Periods ended June 30, 2025 | Periods ended June 30, 2024 | Periods ended June 30, 2024 |
| | | | Three-month | Six-month | Three-month | Six-month |
|  Employee benefits | Short-term Employee benefits | Salaries | 9461 | 17709 | 8133 | 15698 |
|  |  | Employee fringe benefits | 3211 | 5353 | 2784 | 4978 |
|  | Retirement benefit service costs | Retirement benefit service costs | 748 | 2770 | 728 | 1956 |
|  | Share based payments | Share based payments | 3403 | 4206 | 642 | 1879 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 16823 | 30038 | 12287 | 24511 |
|  Depreciation and amortization | Depreciation and amortization | Depreciation and amortization | 1395 | 2860 | 1405 | 3080 |
|  Other general and administrative expenses | Rent | Rent | 404 | 815 | 410 | 823 |
|  | Taxes and public dues | Taxes and public dues | 144 | 292 | 127 | 346 |
|  | Service charges | Service charges | 380 | 805 | 264 | 703 |
|  | Computer and IT related | Computer and IT related | 1757 | 3558 | 1539 | 3166 |
|  | Telephone and communication | Telephone and communication | 65 | 240 | 107 | 311 |
|  | Advertising | Advertising | 21 | 38 | 1 | 29 |
|  | Printing | Printing | 9 | 27 | 15 | 40 |
|  | Traveling | Traveling | 73 | 151 | 93 | 153 |
|  | Supplies | Supplies | 22 | 50 | 22 | 50 |
|  | Insurance premium | Insurance premium | 53 | 104 | 50 | 101 |
|  | Reimbursement | Reimbursement | 161 | 397 | 161 | 332 |
|  | Vehicle maintenance | Vehicle maintenance | 58 | 109 | 56 | 99 |
|  | Others | Others | 362 | 664 | 360 | 650 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 3509 | 7250 | 3205 | 6803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 21727 | 40148 | 16897 | 34394 |

---

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(2) Share-based payment

Details of performance condition share-based payment granted to executives as of June 30, 2025 and December 31, 2024 are as follows:

1) Performance condition share-based payment

---

| | | |
|:---|:---|:---|
| Subject to | Subject to | Shares granted for the year 2021 |
| Type of payment | Type of payment | Cash-settled |
| Vesting period | Vesting period | January 1, 2021 ~ December 31, 2024 |
| Date of payment | Date of payment | 2025-01-01 |
| Fair value (\*1) | Fair value (\*1) | 15,831 Won |
| Valuation method | Valuation method | Black-Scholes Model |
| Expected dividend rate | Expected dividend rate | 6.48% |
| Expected maturity date | Expected maturity date | 0.00 years |
| Number of shares remaining | As of June 30, 2025 | 56,029 shares |
| Number of shares remaining | As of December 31, 2024 | 239,798 shares |
| Number of shares granted (\*2) | As of June 30, 2025 | 56,029 shares |
| Number of shares granted (\*2) | As of December 31, 2024 | 239,798 shares |

---

---

| | | |
|:---|:---|:---|
| Subject to | Subject to | Shares granted for the year 2022 |
| Type of payment | Type of payment | Cash-settled |
| Vesting period | Vesting period | January 1, 2022 ~ December 31, 2025 |
| Date of payment | Date of payment | 2026-01-01 |
| Fair value (\*1) | Fair value (\*1) | 20,367 Won |
| Valuation method | Valuation method | Black-Scholes Model |
| Expected dividend rate | Expected dividend rate | 7.30% |
| Expected maturity date | Expected maturity date | 0.50 years |
| Number of shares remaining | As of June 30, 2025 | 223,176 shares |
| Number of shares remaining | As of December 31, 2024 | 223,176 shares |
| Number of shares granted (\*2) | As of June 30, 2025 | 223,176 shares |
| Number of shares granted (\*2) | As of December 31, 2024 | 223,176 shares |

---

---

| | | |
|:---|:---|:---|
| Subject to | Subject to | Shares granted for the year 2023 |
| Type of payment | Type of payment | Cash-settled |
| Vesting period | Vesting period | January 1, 2023 ~ December 31, 2026 |
| Date of payment | Date of payment | 2027-01-01 |
| Fair value (\*1) | Fair value (\*1) | 18,934 Won |
| Valuation method | Valuation method | Black-Scholes Model |
| Expected dividend rate | Expected dividend rate | 7.30% |
| Expected maturity date | Expected maturity date | 1.50 years |
| Number of shares remaining | As of June 30, 2025 | 160,929 shares |
| Number of shares remaining | As of December 31, 2024 | 160,929 shares |
| Number of shares granted (\*2) | As of June 30, 2025 | 160,929 shares |
| Number of shares granted (\*2) | As of December 31, 2024 | 160,929 shares |

---

---

| | | |
|:---|:---|:---|
| Subject to | Subject to | Shares granted for the year 2024 |
| Type of payment | Type of payment | Cash-settled |
| Vesting period | Vesting period | January 1, 2024 ~ December 31, 2027 |
| Date of payment | Date of payment | 2028-01-01 |
| Fair value (\*1) | Fair value (\*1) | 17,601 Won |
| Valuation method | Valuation method | Black-Scholes Model |
| Expected dividend rate | Expected dividend rate | 7.30% |
| Expected maturity date | Expected maturity date | 2.50 years |
| Number of shares remaining | As of June 30, 2025 | 194,569 shares |
| Number of shares remaining | As of December 31, 2024 | 194,569 shares |
| Number of shares granted (\*2) | As of June 30, 2025 | 194,569 shares |
| Number of shares granted (\*2) | As of December 31, 2024 | 194,569 shares |

---

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | |
|:---|:---|:---|
| Subject to | Subject to | Shares granted for the year 2025 |
| Type of payment | Type of payment | Cash-settled |
| Vesting period | Vesting period | January 1, 2025 ~ December 31, 2028 |
| Date of payment | Date of payment | 2029-01-01 |
| Fair value (\*1) | Fair value (\*1) | 16,362 Won |
| Valuation method | Valuation method | Black-Scholes Model |
| Expected dividend rate | Expected dividend rate | 7.30% |
| Expected maturity date | Expected maturity date | 3.50 years |
| Number of shares remaining | As of June 30, 2025 | 85,734 shares |
| Number of shares remaining | As of December 31, 2024 |  |
| Number of shares granted (\*2) | As of June 30, 2025 | 85,734 shares |
| Number of shares granted (\*2) | As of December 31, 2024 |  |

---

---

| | |
|:---|:---|
| (\*1) | As the amount of payment varies according to the base price (the arithmetic average of the weighted average stock price of transactions in the past one week, the past one month, and the past two months) at the date of payment, the fair value is calculated and used to measure the liability according to the Black Scholes model based on the base price at the time of each settlement.  |

---

---

| | |
|:---|:---|
| (\*2) | The number of payable stocks is granted at the initial contract date. This is a system in which the number of shares to be granted is determined based on the evaluation results of long-term performance indicators over a total of four years, including the current year, and the final cash compensation is made by reflecting the stock price at the time of payment. Performance is evaluated as long-term performance indication including relative shareholder return, common equity tier 1(CET1) ratio**,** net income, return on equity (ROE), C/I ratio, non-performing loan ratio and job performance.  |

---

2) The Company accounts for performance condition share-based payments according to the cash-settled method and the fair value of the liabilities is reflected in the compensation costs by re-measuring every closing period. As of June 30, 2025 and December 31, 2024 the book value of the liabilities related to the performance condition share-based payments recognized by the Company is 13,378 million Won and 11,883 million Won. 

**22.** **NON-OPERATING INCOME (EXPENSES)** 

(1) Details of non-operating income and expenses recognized are as follows
(Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Periods ended June 30, 2025 | Periods ended June 30, 2025 | Periods ended June 30, 2024 | Periods ended June 30, 2024 |
|  | Three-month | Six-month | Three-month | Six-month |
|  Other non-operating income | 69 | 73 | 25 | 28 |
|  Other non-operating expense | (50) | (60) | (70) | (91) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 19 | 13 | (45) | (63) |

---

(2) Details of other non-operating income recognized are as follows (Unit:
Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Periods ended June 30, 2025 | Periods ended June 30, 2025 | Periods ended June 30, 2024 | Periods ended June 30, 2024 |
|  | Three-month | Six-month | Three-month | Six-month |
|  Lease change cancellation gain |  | 3 | 4 | 5 |
|  Others | 69 | 70 | 21 | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 69 | 73 | 25 | 28 |

---

(3) Details of other non-operating expenses recognized are as follows
(Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Periods ended June 30, 2025 | Periods ended June 30, 2025 | Periods ended June 30, 2024 | Periods ended June 30, 2024 |
|  | Three-month | Six-month | Three-month | Six-month |
|  Donations | 50 | 60 | 70 | 85 |
|  Others |  |  |  | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 50 | 60 | 70 | 91 |

---

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**23.** **INCOME TAX EXPENSE** 

Details of income tax expense are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the six-month periods ended June 30 | For the six-month periods ended June 30 |
|  | 2025 | 2024 |
|  Current tax expense |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current tax expense with respect to the current period |  |  |
|  Deferred tax expense |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in deferred tax assets (liabilities) due to temporary differences | 2324 | 1743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax expense (income) directly attributable to equity | (2112) | (1085) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 212 | 658 |
|  Income tax expense | 212 | 658 |

---

**24.** **EARNINGS PER SHARE ("EPS")** 

(1) Basic EPS is calculated by dividing net income attributable to common shareholders by weighted-average number
of common shares outstanding (Unit: Korean Won in millions, except for EPS and number of shares):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Periods ended June 30, 2025 | Periods ended June 30, 2025 | Periods ended June 30, 2024 | Periods ended June 30, 2024 |
|  | Three-month | Six-month | Three-month | Six-month |
|  Net income (loss) | (27269) | 1368796 | (10292) | 1157497 |
|  Dividends to hybrid securities | (36166) | (75672) | (39749) | (75007) |
|  Net income (loss) attributable to common shareholders | (63435) | 1293124 | (50041) | 1082490 |
|  Weighted average number of common shares outstanding (Unit: million shares) | 737 | 740 | 743 | 746 |
|  Basic EPS (Loss Per Share) (Unit: Korean Won) | (86) | 1749 | (67) | 1450 |

---

(2) The weighted average number of common shares outstanding is as follows (Unit: number of shares) :

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
|  | Period | Number of<br>shares | Dates | Accumulated number<br>of shares outstanding<br>during period |
|  Common shares issued at the beginning of the period | 2025-01-01~2025-06-30 | 742591501 | 181 | 134409061681 |
|  Treasury stock | 2025-01-01~2025-06-30 | (53945) | 181 | (9764045) |
|  Acquisition of treasury stock | 2025-01-01~2025-06-30 | (8515181) |  | (548504147) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total (①) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total (①) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total (①) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total (①) | 133850793489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Weighted average number of common shares outstanding (②=①/181) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Weighted average number of common shares outstanding (②=①/181) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Weighted average number of common shares outstanding (②=①/181) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Weighted average number of common shares outstanding (②=①/181) | 739507146 |

---

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
|  | Period | Number of<br>shares | Dates | Accumulated number<br>of shares outstanding<br>during period |
|  Common shares issued at the beginning of the period | 2024-01-01~2024-06-30 | 751949461 | 182 | 136854801902 |
|  Treasury stock | 2024-01-01~2024-06-30 | (53945) | 182 | (9817990) |
|  Acquisition and retirement of treasury stock | 2024-01-01~2024-06-30 | (9357960) |  | (1020017640) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total (①) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total (①) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total (①) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total (①) | 135824966272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Weighted average number of common shares outstanding (②=①/182) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Weighted average number of common shares outstanding (②=①/182) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Weighted average number of common shares outstanding (②=①/182) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Weighted average number of common shares outstanding (②=①/182) | 746291023 |

---

Diluted EPS is equal to basic EPS because there is no dilution effect for the six-month periods ended June 30, 2025 and 2024.

**25.** **CONTINGENT LIABILITIES AND COMMITMENTS** 

(1) Litigation case

As of June 30, 2025, the Company currently has one lawsuit as a defendant related to Woori Asset Trust Co., Ltd. stock trading payments. The lawsuit is in the first trial stage, with a claim amount of 13,305 million Won. It is not possible to reasonably estimate the potential impact on the Company's financial statements as of June 30, 2025.

(2) Details of loan commitments with financial institutions are as follows (Unit: Korean Won in millions):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | June 30, 2025 | June 30, 2025 | June 30, 2025 | June 30, 2025 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Financial institutions | Line of credit | Line of credit | Loan balance | Line of credit | Line of credit | Loan balance |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans | Standard Chartered Bank Korea Ltd. |  | 100000 |  |  | 100000 |  |

---

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

**26.** **RELATED PARTY TRANSACTIONS** 

Related parties of the Company as of June 30, 2025 and December 31, 2024, and assets and liabilities recognized, guarantees and commitments, major transactions with related parties and compensation to key management for the six-month periods ended June 30, 2025 and 2024 are as follows:

(1) Assets and liabilities from transactions with related parties are as follows (Unit: Korean Won in millions):

---

| | | | |
|:---|:---|:---|:---|
| Related parties | Title of account | June 30, 2025 | December 31, 2024 |
|  Subsidiaries |  |  |  |
|  Woori Bank | Cash and cash equivalents | 1689577 | 1185912 |
|  | Other financial assets | 848461 | 163893 |
|  | Allowance for credit losses | (169) | (56) |
|  | Other financial liabilities | 30285 | 36427 |
|  Woori Card Co., Ltd. | Other financial assets | 30420 | 26229 |
|  | Other financial liabilities | 9634 | 280 |
|  Woori Financial Capital Co., Ltd. | Other financial assets | 17824 | 12850 |
|  | Other financial liabilities | 565 | 282 |
|  Woori Investment Securities Co., Ltd. | Other financial assets | 1 |  |
|  | Other financial liabilities | 11630 |  |
|  Woori Asset Trust Co., Ltd. | Other financial liabilities |  | 1130 |
|  Woori Savings Bank | Other financial assets | 1161 |  |
|  | Other financial liabilities | 91 | 1014 |
|  Woori Financial F&I Co., Ltd. | Other financial liabilities | 3496 | 3440 |
|  Woori Asset Management Corp | Other financial assets | 2147 |  |
|  Woori Venture Partners Co., Ltd. | Other financial assets | 754 |  |
|  | Other financial liabilities |  | 3179 |
|  Woori Private Equity Asset Management Co. Ltd. | Other financial assets | 712 | 346 |
|  Woori Credit Information Co., Ltd. | Other financial assets | 143 | 303 |
|  Woori Fund Service Co., Ltd. | Other financial assets | 682 | 711 |
|  Woori FIS Co., Ltd. | Other financial assets | 1 | 1 |
|  | Other financial liabilities | 510 | 581 |
|  Woori Finance Research Institute Co., Ltd. | Other financial assets | 8 | 155 |
|  | Other financial liabilities | 5 | 2620 |
|  Associates of subsidiaries |  |  |  |
|  W Service Networks Co., Ltd. | Other financial liabilities | 12 | 22 |

---

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(2) Gain or loss from transactions with related parties are as follows (Unit: Korean Won in millions):

---

| | | | |
|:---|:---|:---|:---|
|  |  | For the six-month periods ended June 30 | For the six-month periods ended June 30 |
| Related party | Title of account | 2025 | 2024 |
|  Subsidiaries |  |  |  |
|  Woori Bank | Interest income | 20693 | 28748 |
|  | Fees and commissions income | 876 | 813 |
|  | Dividend income | 1352524 | 1131996 |
|  | Interest expenses (\*2) | 31 | 49 |
|  | Fees and commissions expense | 9 | 9 |
|  | Provision of impairment loss due to credit loss | 113 | 442 |
|  | General and administrative expenses (\*2) | 2485 | 2259 |
|  Woori Card Co., Ltd. | Dividend income | 37435 | 30309 |
|  Woori Financial Capital Co., Ltd. | Dividend income | 32743 | 30051 |
|  | Interest expenses (\*2) | 9 | 4 |
|  | General and administrative expenses (\*2) | 122 | 50 |
|  Woori Investment Securities Co., Ltd.(\*1) | Fees and commissions expenses |  |  |
|  Woori Asset Management Corp | Dividend income | 3540 |  |
|  Woori Venture Partners Co., Ltd. | Dividend income | 7300 | 800 |
|  Woori Credit Information Co., Ltd. | Dividend income | 484 | 1504 |
|  Woori Fund Service Co., Ltd. | Dividend income | 1392 | 1060 |
|  Woori FIS Co., Ltd. | General and administrative expenses | 3166 | 2871 |
|  Woori Finance Research Institute Co., Ltd. | Fees and commissions expenses | 4330 | 4200 |
|  Associates of subsidiaries |  |  |  |
|  W Service Networks Co., Ltd. | General and administrative expenses | 95 | 173 |

---

---

| | |
|:---|:---|
| (\*1) | The Company has issued non-guarantee debenture amount of 600,000 million Won during the six-month period ended June 30, 2025 and Woori Investment Securities Co., Ltd purchased 40,000 million Won out of 600,000 million Won issued. The underwriting fee amount of 40 million Won is included in the issuance cost. The Company has issued hybrid capital securities amount of 800,000 million Won during the six-month period ended June 30, 2024 and Woori Investment Securities Co., Ltd purchased 20,000 million Won out of 800,000 million Won issued. The underwriting fee amount of 34 million Won is included in the issuance cost.  |

---

(\*2) The depreciation of right-of-use assets and interest expense of lease liabilities arising from lease transactions during the current term and prior term are included.

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

(3) The details of the right-of-use assets and lease liabilities due to lease transactions with related parties as of June 30, 2025 and December 31, 2024 are as follows (Unit: Korea Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
| Related parties | Related parties | Title of account | June 30, 2025 | December 31, 2024 |
|  Subsidiaries | Woori Bank | Right-of-use assets | 1695 | 2799 |
|  |  | Lease liabilities (\*) | 1450 | 2795 |
|  | Woori Financial Capital Co., Ltd. | Right-of-use assets | 537 | 266 |
|  |  | Lease liabilities (\*) | 565 | 282 |

---

(\*) Cash outflows of lease liabilities redemption for the six-month periods ended June 30, 2025 and 2024 are 1,491 million Won and 1,380 million Won, respectively.

(4) The details of loan and borrowing transactions with related parties for the six-month periods ended
June 30, 2025 and 2024 are as follows (Unit: Korea Won in millions):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  | Title of account | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
| Related parties (\*1) | Related parties (\*1) | Title of account | Beginning<br>balance | Increase | Decrease | Ending<br>balance |
|  Subsidiary | Woori Bank | Due from banks (\*2) | 1274000 | 4587000 | 5304000 | 557000 |

---

---

| | |
|:---|:---|
| (\*1) | For the 600,000 million Won of non-guarantee debenture issued during the six-month period ended June 30, 2025, 40,000 million Won was purchased by Woori Investment Securities Co., Ltd and the entire amount was sold to the market on the date of issuance.  |

---

(\*2) Excludes due from banks without withdrawal limitations.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  | Title of account | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 | For the six-month period ended June 30, 2024 |
| Related parties (\*1) | Related parties (\*1) | Title of account | Beginning<br>balance | Increase | Decrease | Ending<br>balance |
|  Subsidiary | Woori Bank | Due from banks (\*2) | 1354000 | 2391000 | 1855000 | 1890000 |

---

---

| | |
|:---|:---|
| (\*1) | For the 800,000 million Won of hybrid securities issued during the six-month period ended June 30, 2024, 20,000 million Won was purchased by Woori Investment Securities Co., Ltd and the entire amount was sold to the market on the date of issuance.  |

---

(\*2) Excludes due from banks without withdrawal limitations.

(5) The details of equity-related transactions with related parties are as follows (Unit: Korean Won in million) :

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 | For the six-month period ended June 30, 2025 |
| Related parties | Related parties | Acquisition of Hybrid<br>securities (\*2) | Acquisition of Hybrid<br>securities (\*2) | Disposal of<br>Hybrid securities<br>(\*2) | Disposal of<br>Hybrid securities<br>(\*2) |
|  Subsidiary | Woori Card Co., Ltd.(\*1) |  | 150000 |  | 150000 |

---

---

| | |
|:---|:---|
| (\*1) | For the six-month period ended June 30, 2025, Woori Card Co., Ltd. early redeemed hybrid securities amounting to 150,000 million Won through the exercise of a call option and acquired newly issued hybrid securities of 150,000 million Won from Woori Card Co., Ltd.  |

---

(\*2) The book value related to equity can be referred to in Note 6 and Note 9.

---

| | | |
|:---|:---|:---|
|  |  | For the six-month period<br>ended June 30, 2024 |
| Related parties | Related parties | Acquisition of interests (\*5) |
|  Subsidiary | Woori Asset Trust Co Ltd (\*1) | 212430 |
|  Subsidiary | Woori Asset Management Corp (\*2) | 41376 |
|  Subsidiary | Woori Savings Bank (\*3) | 100000 |
|  Subsidiary | Woori Financial F&I Co., Ltd. (\*4) | 120000 |

---

------

**WOORI FINANCIAL GROUP INC.** 

**NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS** 

**AS OF JUNE 30, 2025 AND 2024 (UNAUDITED)** 

---

| | |
|:---|:---|
| (\*1) | For the six-month period ended June 30, 2024, the capital increase amount of 200,000 million Won was made. Afterward, the Company additionally acquired minority interests of 1.95%.  |

---

---

| | |
|:---|:---|
| (\*2) | For the six-month period ended June 30, 2024, the Company acquired interest (22.5%) of Woori Asset Management Corp to make it wholly owned subsidiary.  |

---

---

| | |
|:---|:---|
| (\*3) | For the six-month period ended June 30, 2024, the capital increase amount of 100,000 million Won was made.  |

---

---

| | |
|:---|:---|
| (\*4) | For the six-month period ended June 30, 2024, the capital increase amount of 120,000 million Won was made.  |

---

(\*5) The book value related to equity can be referred to in Note 6 and Note 9.

(6) There are no guarantees provided to the related parties. The unused commitments and payment guarantees provided
from the related parties are as follows (Unit: Korean Won in millions):

<u> Related parties</u> <u>June 30, 2025</u> <u>December 31, 2024</u> <u>Warranty</u> <br> Subsidiary Woori Card Co., Ltd. 10,276 665 Unused loan commitment

(7) Compensation for key management is as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the six-month periods ended June 30 | For the six-month periods ended June 30 |
|  | 2025 | 2024 |
|  Short-term employee salaries | 2735 | 2582 |
|  Retirement benefit service costs | 62 | 89 |
|  Share-based compensation | 3423 | 1703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 6220 | 4374 |

---

Key management includes registered executives and non-registered executives. The Company has not recognized any outstanding assets, allowance and related impairment loss due to credit losses from transaction with key management as of June 30, 2025 and December 31, 2024. Liabilities related to key management compensation are 13,608 million Won and 12,850 million Won as of June 30, 2025 and December 31, 2024, respectively.

**27.** **EVENTS AFTER THE REPORTING PERIOD** 

(1) On July 25, 2025, the Board of Directors has declared to pay a quarterly dividend of 200 Won per share
(total dividend of 146,804 million Won), with the record date set as of August 10, 2025, and the dividends will be paid on August 29, 2025.

(2) On July 1, 2025, the Company acquired 75.34% of the shares of Tongyang Life Insurance Co., Ltd. and 100%
of the shares of ABL Life Insurance Co., Ltd., and incorporated them as consolidated subsidiaries.

(3) On July 31, 2025, the Company acquired 0.41% shares of Woori Asset Trust Co., Ltd., to make it a wholly
owned subsidiary.