ウリファイナンシャルグループADRの適時開示

For the six-month period ended June 30, 2026

Related parties

Acquisition of interests (*2)

Subsidiary

Woori Investment Securities Co., Ltd. (*1)

6-K 1 d131988d6k.htm FORM 6-K Form 6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

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

THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2026

Commission File Number: 001-31811

Woori Financial Group Inc.

(Translation of registrant’s name into English)

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

(Address of principal executive office)

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

Form 20-F ☒ Form 40-F ☐


		Index

1.		Summary of 2026 1H Business Report

2.		Exhibit 99.1 Woori Financial Group Review Report for 2026 1H (Consolidated)

3.		Exhibit 99.2 Woori Financial Group Review Report for 2026 1H (Separate)

Summary of 2026 First Half Business Report

Table of Contents


I.	INTRODUCTION OF THE COMPANY	2

1.	Overview of the Company	2

2.	Capital Structure (Changes in Capital)	8

3.	Total Number of Authorized Shares	10

II.	BUSINESS OVERVIEW	11

1.	Results of Operations	11

2.	Funding Sources and Uses of Funds	11

3.	Other Information Necessary for Making Investment Decisions	12

III.	FINANCIAL INFORMATION	17

1.	Condensed Financial Statements (Consolidated)	17

2.	Condensed Financial Statements (Separate)	19

3.	Dividend Information	21

IV.	INDEPENDENT AUDITOR’S OPINION	23

1.	Independent Auditor’s Opinion	23

2.	Compensation to the Independent Auditor	23

V.	CORPORATE GOVERNANCE	25

1.	About the Board of Directors	25

2.	Shareholder’s Meeting	27

VI.	SHAREHOLDER INFORMATION	30

1.	Share Distribution	30

2.	Stock Price and Stock Market Performance	31

VII.	DIRECTORS AND EMPLOYEE INFORMATION	32

1.	Directors and Executives	32

2.	Employee Status	33

3.	Directors’ Compensation	33

4.	Stock-based Compensation	34

VIII.	INTERNAL CONTROLS	35

1.	Management’s Assessment of the Effectiveness of the Internal Accounting Management System	35

2.	Audit Committee’s Assessment of the Effectiveness of the Internal Accounting Management System	35

3.	External Auditor’s Audit Opinion (Review Report) on the Effectiveness of the Internal Accounting Management System	35

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

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

I.	Introduction of the Company

1.	Overview of the Company

a.	History (Recent 5 years)


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 the Company (reducing the KDIC’s stake in the Company 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 the Company (reducing the KDIC’s stake in the Company 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

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 Woori Financial Holdings

March 24, 2023		Jong-Yong Yim appointed as the 9th chairman of the Company (4th annual general meeting of shareholders of the Company)

April 21, 2023		Resolved to repurchase and cancel treasury shares, a first-time since the transition to a holding company

June 1, 2023		Entered into a comprehensive stock exchange agreement with Woori Investment Bank and Woori Venture Partners

August 8, 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 5, 2023		Entered into a memorandum of understanding with the Korea Deposit Insurance Corporation to purchase its remaining stake in the Company (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

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 the Ethics and Internal Controls Committee under 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

October 13, 2025		Held the ‘Woori Financial Together Festa’ customer appreciation festival, which was the first integrated promotion in the financial industry

December 18, 2025		Received the Minister of Science and ICT Award in the excellence in adoption category at the ‘2025 Cloud Industry Awards’

January 26, 2026		Launched the first integrated bank and securities wealth management branch

March 13, 2026		Integrated Woori Investment Securities Co., Ltd. as a wholly-owned subsidiary of the Company

May 4, 2026		A capital increase of KRW 1 trillion conducted by Woori Investment Securities (to enhance competitiveness)

August 11, 2026		Integrated TONGYANG Life Insurance Co., Ltd. (“Tongyang Life Insurance”) as a wholly-owned subsidiary of the Company

b.	Affiliated Companies

(1)

Overview of Business Group

Name of business group: Woori Financial Group Inc.

(2)

Affiliated companies within the business group

As of June 30, 2026


Type		Name of Company

Listed company (4 companies)		Woori Financial Group
		Tongyang Life Insurance
		PT Bank Woori Saudara Indonesia 1906 Tbk
		PT Woori Finance Indonesia Tbk

Unlisted company (40 companies)		Woori Bank
		Woori Card
		Woori Financial Capital
		Woori Investment Securities
		ABL Life Insurance
		Woori Asset Trust
		Woori Savings Bank
		Woori Asset Management
		Woori Venture Partners
		Woori Private Equity Asset Management
		Woori Financial F&I Inc.
		Woori Credit Information
		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


Type		Name of Company
		Tongyang Life Insurance Financial Service
		Tutu Finance-WCI Myanmar Co., Ltd.
		ABA Financial Service
		Woori Venture Partners US, Inc.
		Woori Venture-EverBest Corporate Turnaround Private Equity
		Arden Woori Apparel 1st Private Equity Fund
		Woori Dyno 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
		Woori NH Co-Growth Private Equity Fund
		Woori Bailey National Growth Private Equity Fund
		WFBS Financial Stability Private Equity Fund No.1

Note 1)

Includes first-tier and second-tier subsidiaries under the Financial Holding Company Act.

LOGO

1)	Including group company shares 24.88%

2)	Including group company shares 32.07%

3)	Including group company shares 35.26%

4)	Including group company shares 7.86%

5)	Including group company shares 20.00%

2.	Capital Structure (Changes in Capital)


		(units: Won, shares)


Date	Item	Type
Date	Item	Common Shares		Preferred Shares		Others
June 30, 2026	Number of issued shares		728,089,682		—		—
	Par Value		5,000		—		—
	Capital Stock		3,802,676,300,000		—		—
December 31, 2025	Number of issued shares		734,076,320		—		—
	Par Value		5,000		—		—
	Capital Stock		3,802,676,300,000		—		—
December 31, 2024	Number of issued shares		742,591,501		—		—
	Par Value		5,000		—		—
	Capital Stock		3,802,676,300,000		—		—
December 31, 2023	Number of issued shares		751,949,461		—		—
	Par Value		5,000		—		—
	Capital Stock		3,802,676,300,000		—		—
December 31, 2022	Number of issued shares		728,060,549		—		—
	Par Value		5,000		—		—
	Capital Stock		3,640,302,745,000		—		—

Note 1)

Our common shares of 680,164,306 were issued in January 2019 upon our establishment and the number of our common shares increased by 42,103,377 as a result of a comprehensive stock exchange that took place between Woori Financial Group and Woori Card in September 2019.

Note 2)

The number of our common shares increased by 5,792,866 on August 10, 2021, as a result of a comprehensive stock exchange to integrate Woori Financial Capital as a wholly-owned subsidiary.

Note 3)

The number of our common shares increased by 32,474,711 on August 8, 2023, as a result of a comprehensive stock exchange to integrate Woori Investment Bank and Woori Venture Partners as wholly-owned subsidiaries.

Note 4)

On October 30, 2023, the number of our common shares was reduced by 8,585,799 due to the cancellation of our treasury shares acquired through a trust agreement.

Note 5)

On March 22, 2024, the number of our common shares was reduced by 9,357,960 due to the cancellation of all of the treasury shares acquired from the Korea Deposit Insurance Corporation.

Note 6)

On September 19, 2025, the number of our common shares was reduced by 8,515,181 due to the cancellation of our treasury shares acquired through a trust agreement.

Note 7)

On June 18, 2026, the number of our common shares was reduced by 5,986,638 due to the cancellation of our treasury shares acquired through a trust agreement.

Note 8)

As the treasury share cancellations in October 2023, March 2024, September 2025 and June 2026 were conducted within the limits of profits available for dividends, there was no reduction in paid-in capital. Accordingly, our paid-in capital as of December 31, 2023, 2024, 2025 and June 30, 2026 did not match the par value of the total number of issued shares.

Note 9)

The number of our common shares increased by 8,696,875 on August 11, 2026 as a result of a comprehensive stock exchange that took place on August 11, 2026 to integrate Tongyang Life Insurance as a wholly-owned subsidiary.


As of June 30, 2026		(units: Won, shares)


Date	Category		Stock Increase (Decrease)
Date	Category		Type		Quantity			Par Value		Issue price		Note
January 11, 2019		—		Common		680,164,306			5,000		26,415	Establishment (comprehensive stock transfer) Note 1)
September 10, 2019		—		Common		42,103,377			5,000		12,350	Comprehensive stock exchange Stock increase ratio: 6.19018% Note 2)
August 10, 2021		—		Common		5,792,866			5,000		11,100	Comprehensive stock exchange Stock increase ratio: 0.80204% Note 2)
August 8, 2023		—		Common		32,474,711			5,000		11,520	Comprehensive stock exchange Stock increase ratio: 4.46044% Note 2)
October 30, 2023		—		Common		(8,585,799	)		5,000		—	Cancellation of treasury shares Note 3)
March 22, 2024		—		Common		(9,357,960	)		5,000		—	Cancellation of treasury shares Note 4)
September 19, 2025		—		Common		(8,515,181	)		5,000		—	Cancellation of treasury shares Note 5)
June 18, 2026		—		Common		(5,986,638	)		5,000		—	Cancellation of treasury shares Note 6)

Note 1)

Due to Woori Financial Group’s establishment through a comprehensive stock transfer, the issue price was calculated by dividing the total equity from its financial statements at the time of establishment (KRW 17,966,458,911,689) by the total number of issued shares (680,164,306).

Note 2)

Our capital changed in September 2019, August 2021 and August 2023 due to a comprehensive stock exchange. The issue prices were based on the closing stock price on the comprehensive stock exchange date.

Note 3)

On October 30, 2023, we canceled the 8,585,799 common shares we acquired as treasury shares through a trust agreement. This share cancellation falls under the provision of Article 343, Paragraph 1 of the Commercial Code, and as it involves the cancellation of treasury shares acquired within the limits of distributable profits, the paid-in capital remains unchanged despite the decrease in the number of the total issued shares (common shares).

Note 4)

On March 22, 2024, we canceled the 9,357,960 shares we acquired as treasury shares from the Korea Deposit Insurance Corporation. This share cancellation falls under the provision of Article 343, Paragraph 1 of the Commercial Code, and as it involves the cancellation of treasury shares acquired within the limits of distributable profits, the paid-in capital remains unchanged despite the decrease in the number of total issued shares (common shares).

Note 5)

On September 19, 2025, we canceled the 8,515,181 shares we acquired as treasury shares through a trust agreement. This share cancellation falls under the provision of Article 343, Paragraph 1 of the Commercial Code, and as it involves the cancellation of treasury shares acquired within the limits of distributable profits, the paid-in capital remains unchanged despite the decrease in the number of total issued shares (common shares).

Note 6)

On June 18, 2026, we canceled the 5,986,638 shares we acquired as treasury shares through a trust agreement. This share cancellation falls under the provision of Article 343, Paragraph 1 of the Commercial Code, and as it involves the cancellation of treasury shares acquired within the limits of distributable profits, the paid-in capital remains unchanged despite the decrease in the number of total issued shares (common shares).

Note 7)

The number of our common shares increased by 8,696,875 on August 11, 2026 as a result of a comprehensive stock exchange to integrate Tongyang Life Insurance as a wholly-owned subsidiary.

3.	Total Number of Authorized Shares


As of June 30, 2026		(unit: shares)


Items	Type				Notes
Items	Common Shares		Total		Notes
Number of authorized shares		4,000,000,000		4,000,000,000	—
Number of issued shares		760,535,260		760,535,260	—
Number of decreased shares		32,445,578		32,445,578	Cancellation of Treasury Shares Note 1)
Number of treasury shares		53,945		53,945	Note 2)
Number of outstanding shares		728,035,737		728,035,737	—

Note 1)

Cancellation of treasury shares: 8,585,799 shares (October 2023), 9,357,960 shares (March 2024), 8,515,181 shares (September 2025) and 5,986,638 shares (June 2026)

Note 2)

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

II.

Business Overview

1.	Results of Operations

(unit: billions of Won)


Type	2026 1H		2025		2024
Operating income		2,124		3,675		4,255
Net non-operating income (expense)		43		415		(32	)
Income before income tax		2,166		4,090		4,223
Income tax expense (-)		500		863		1,051
Net income		1,666		3,228		3,171
Controlling Interest		1,609		3,124		3,086
Non-controlling Interest		57		103		85

Note 1)

Based on K-IFRS consolidated financial statements.

2.	Funding Sources and Uses of Funds

a.	Sources of Funds


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


Classification	Funding Source		2026 1H						2025						2024
Classification	Funding Source		Average Balance		Interest Rate		Proportion		Average Balance		Interest Rate		Proportion		Average Balance		Interest Rate		Proportion
Source		Deposits		361,366,675		2.20		60.06		358,153,346		2.39		65.89		351,584,810		2.88		69.89
		Borrowings		27,454,681		3.12		4.56		26,198,268		3.32		4.82		28,000,803		4.09		5.57
		Debentures		55,892,557		3.41		9.29		50,418,543		3.62		9.28		43,989,333		4.00		8.74
		Others		117,368,718		—		19.52		72,335,906		—		13.31		44,591,752		—		8.86
		Total Liabilities		562,082,631		—		93.43		507,106,063		—		93.30		468,166,698		—		93.06
Total Equity				39,548,566		—		6.57		36,428,909		—		6.70		34,913,425		—		6.94
Total Liabilities & Equity				601,631,197		—		100.00		543,534,972		—		100.00		503,080,123		—		100.00

Note 1)

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

Note 2)

Based on K-IFRS consolidated financial statements.

b.	Use of Funds


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


Type	Managed Item	2026 1H						2025						2024
Type	Managed Item	Average Balance		Interest Rate		Proportion		Average Balance		Interest Rate		Proportion		Average Balance		Interest Rate		Proportion
Use	Cash & Due from Banks		24,654,796		2.37		4.10		19,225,891		2.97		3.54		18,441,851		3.38		3.67
	Marketable securities		131,639,191		4.14		21.88		97,528,721		3.34		17.94		76,997,821		3.53		15.31
	Loans		383,654,692		4.26		63.77		369,558,184		4.44		67.99		360,802,414		4.93		71.72
	Loans in local currency		327,698,208		4.01		54.47		318,053,470		4.16		58.52		309,771,603		4.65		61.58
	Loans in foreign currency		37,514,742		5.40		6.24		35,209,643		5.88		6.48		34,224,957		6.58		6.80
	Guarantee payments		24,368		1.11		0.00		11,092		1.44		0.00		11,571		1.96		0.00
	Credit card receivables		14,203,557		7.12		2.36		12,664,469		7.71		2.33		12,224,048		7.33		2.43
	Foreign bills bought		4,213,817		3.88		0.70		3,619,510		4.36		0.66		4,570,235		5.58		0.91
	Bad debt expense (-)		3,349,450		—		0.56		3,423,791		—		0.63		3,198,795		—		0.65
	Others		65,031,968		—		10.81		60,645,967		—		11.16		50,036,832		—		9.95
Total Assets			601,631,197		—		100.00		543,534,972		—		100.00		503,080,123		—		100.00

Note 1)

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

Note 2)

Based on K-IFRS consolidated financial statements

3.	Other Information Necessary for Making Investment Decisions

a.	Capital Adequacy Ratios

Group BIS Capital Adequacy Ratios


As of the end of the periods indicated		(units: billions of Won, % )


Type	2026 1H		2025		2024
Equity capital (A)		40,515		37,800		36,928
Risk weighted assets (B)		244,275		234,542		235,100
BIS(Capital adequacy) ratio (A/B)		16.59		16.12		15.71

Note 1)

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

Note 2)

2026 1H figures are preliminary and are subject to change.

※ Based on K-IFRS consolidated financial statements and Basel III standards.

Capital Adequacy Ratios for Significant Subsidiaries and Consolidated Companies


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


Name of Company	Type		2026 1H		2025		2024
Woori Bank Note 2)	BIS capital adequacy ratio Note1)	Equity capital (A)		339,873		312,905		304,302
		Risk weighted assets (B)		1,902,541		1,861,435		1,920,087
		Capital adequacy ratio (A/B)		17.86		16.81		15.85
Tongyang Life Insurance Note 3)	Available capital			49,274		40,595		38,753
	Required capital			24,036		22,573		24,918
	K-ICS ratio Note 4)			205.0		179.8		155.5
Woori Card Note 5)	Adjusted capital ratio			16.83		17.26		17.70
Woori Card Note 5)	Tangible common equity ratio			11.57		12.06		12.37
Woori Financial Capital Note 5)	Adjusted capital ratio			15.31		15.77		15.09
Woori Financial Capital Note 5)	Tangible common equity ratio			12.87		13.18		11.83
Woori Investment Securities Note 6)	Net capital ratio			2,344.91		905.56		2,098.64
Woori Investment Securities Note 6)	Debt-to-asset ratio			122.03		114.53		119.41
ABL Life Insurance Note 3)	Available capital			21,556		20,049		16,701
	Required capital			13,875		11,782		10,868
	K-ICS ratio Note 4)			155.36		170.17		153.68
Woori Asset Trust Note 7)	Operating capital ratio			3,968.14		4,610.35		4,057.29
Woori Savings Bank Note 8)	BIS capital adequacy ratio Note 1)			16.14		16.74		16.37
Woori Asset Management Note 5)	Minimum operating capital ratio			503.70		721.18		739.31
Woori Venture Partners Note 9)	Tangible common equity ratio			88.85		92.63		95.70
Woori Private Equity Asset Management Note 5)	Minimum operating capital ratio			8,296.11		8,128.94		8,161.97

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. 2026 1H figures are preliminary and are subject to change.

Note 3)

2026 1H figures are preliminary, and the final figures will be disclosed on DART through Tongyang Life Insurance and ABL Life Insurance’s 2026 1H reports, respectively.

Note 4)

K-ICS ratio = Available capital / Required capital * 100.

Note 5)

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

Note 6)

Figures for Woori Investment Securities are calculated as follows:

Net capital ratio: (net operating capital – total risk amount) / required maintenance capital * 100

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

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

// based on K-IFRS separate financial statements.

Note 7)

Woori Asset Trust’s operating capital ratio = (net operating capital – subordinated debt, etc.) / (total risk amount) * 100

// based on K-IFRS separate financial statements.

Note 8)

Figures for Woori Savings Bank are based on K-GAAP.

Note 9)

Figures for Woori Venture Partners are based on K-IFRS consolidated financial statements.

b.	Liquidity Ratios

Won Liquidity Ratios


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


Type	2026 1H						2025						2024
Type	Won Liquidity Assets		Won Liquidity Liabilities		Won Liquidity Ratio		Won Liquidity Assets		Won Liquidity Liabilities		Won Liquidity Ratio		Won Liquidity Assets		Won Liquidity Liabilities		Won Liquidity Ratio
Woori Financial Group Note 1)		394,042		239,608		164.5		34,847		15,292		227.9		353,835		10,905		3,244.7
Woori Card Note 2)		9,645,665		3,403,392		283.4		9,660,954		2,808,447		344.0		8,722,587		2,785,182		313.2
Woori Financial Capital Note 2)		1,670,319		1,112,582		150.1		1,444,834		1,162,263		124.3		1,850,758		1,317,695		140.5
Woori Investment Securities Note 3)		8,539,354		6,341,835		134.7		6,515,056		4,938,840		131.9		4,982,461		2,660,153		187.3
Woori Asset Trust Note 3)		168,323		13,718		1,227.0		153,241		10,214		1,500.3		258,758		9,311		2,779.2
Woori Savings Bank Note 3), Note 4)		489,510		387,596		126.3		410,196		351,853		116.6		344,437		216,143		159.4
Woori Venture Partners Note 2)		171,316		14,110		1,214.2		141,886		10,166		1,395.7		136,198		6,877		1,980.4
Woori Private Equity Asset Management Note 3)		34,215		6,176		554.0		20,452		3,354		609.8		16,011		2,912		549.8

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 current assets and liabilities within three months of maturity.

Note 4)

Based on K-GAAP.

Insurance Liquidity Ratios


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


Type	2026 1H						2025						2024
Type	Liquidity Assets		Average Insurance Benefits Paid		Liquidity Ratio		Liquidity Assets		Average Insurance Benefits Paid		Liquidity Ratio		Liquidity Assets		Average Insurance Benefits Paid		Liquidity Ratio
Tongyang Life Insurance Note 1)		4,056,338		1,041,460		389.5		3,742,951		842,985		444.0		4,157,512		915,959		453.9
ABL Life Insurance Note 1)		2,183,952		436,504		500.3		2,386,630		423,952		562.9		2,816,208		466,405		603.8

Note 1)

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

Foreign Currency (FC) Liquidity Ratios


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

Type

2026 1H

2025

2024

FC
Liquidity
Assets

FC
Liquidity
Liabilities

FC
Liquidity
Ratio

FC
Liquidity
Assets

FC
Liquidity
Liabilities

FC
Liquidity
Ratio

FC
Liquidity
Assets

FC
Liquidity
Liabilities

FC
Liquidity
Ratio

Woori Investment Securities Note 1)

34,264

11,682

293.3

11,862

3,566

332.7

2,581

2,146

120.2

Note 1)

Based on current assets and liabilities within three months of maturity.

Liquidity Coverage Ratios (LCR)

(units: %)


Name of Company	Type	2026 1H			2025		2024
Woori Bank	Liquidity coverage ratio Note 1), Note 3)		107.31			107.64		104.79
	Foreign currency liquidity coverage ratio Note 2), Note 3)		213.07			160.56		184.29
	Ratio of business purpose premises and equipment		15.05 Note 4	)		9.42		9.95

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% as of June 30, 2026 and December 31, 2025, and 97.5% as of December 31, 2024, respectively.

Note 2)

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

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

Note 3)

The applicable periods for LCR and foreign currency LCR are: 2Q 2026, 4Q 2025 and 4Q 2024.

Note 4)

Ratio calculated after reflecting the results of our asset revaluation.

c.	Profitability Ratios Note1), Note2)

(units: %)


Type	2026 1H				2025				2024
Type	ROA		ROE		ROA		ROE		ROA		ROE
Woori Financial Group
Including non-controlling interests		0.54		8.85		0.58		9.31		0.61		9.60
Excluding non-controlling interests		0.52		8.55		0.56		9.01		0.60		9.34

Note 1)

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

Note 2)

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

d.	Asset Quality

Group Asset Quality

(units: billions of Won, %)


Type	2026 1H		2025		2024
Total loans		414,705		399,970		390,066
Substandard and below loans		3,007		2,517		2,211
Substandard and below loans ratio		0.73		0.63		0.57
Non-Performing Loans (“NPL”)		2,755		2,172		1,786
NPL ratio		0.66		0.54		0.46
Substandard and below coverage ratio (A/B)		112.9		129.9		153.0
Loan loss reserve (A)		3,396		3,268		3,382
Substandard and below loans (B)		3,007		2,517		2,211

Note 1)

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

Note 2)

2026 1H figures are preliminary and are subject to change.

Asset Quality for Significant Subsidiaries and Consolidated Companies

(units: % )


Type	2026 1H						2025						2024
Type	Substandard and below ratio		NPL ratio		Substandard and below coverage ratio		Substandard and below ratio		NPL ratio		Substandard and below coverage ratio		Substandard and below ratio		NPL ratio		Substandard and below coverage ratio
Woori Bank Note 1)		0.39		0.36		132.86		0.31		0.25		172.55		0.23		0.19		247.44
Woori Card Note 2)		1.51		—		103.63		1.23		—		104.03		1.07		—		105.46
Woori Financial Capital Note 2)		1.85		—		111.39		1.93		—		111.48		1.91		—		134.18
Woori Investment Securities Note 2), Note 3)		4.51		—		71.03		6.23		—		69.21		7.29		—		84.37
Woori Asset Trust Note 2)		73.57		—		—		74.04		—		—		77.68		—		—
Woori Savings Bank Note 2), Note 4)		3.85		—		91.85		6.86		—		72.31		9.82		—		77.43

Note 1)

Based on K-IFRS separate financial statements.

Note 2)

Based on the applicable standards for business reports submitted to the Financial Supervisory Service.

Note 3)

Woori Investment Securities was established in August 2024, following the merger of Korea Foss Securities and Woori Investment Bank.

Note 4)

Based on K-GAAP.

(units: % )

Type

Note1)

2026 1H

2025

2024

Risk-Weighted
Non-Performing
Asset Ratio

Tongyang Life Insurance

0.06

0.14

0.08

ABL Life Insurance

0.13

0.14

0.23

Note 1)

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

III.

Financial Information

1.	Condensed Financial Statements (Consolidated)

Summary Consolidated Statement of Financial Position


(The Company and its consolidated subsidiaries, as of the end of the periods indicated)		(unit: millions of Won)


Classification	2026 1H		2025		2024
ASSETS
Cash and cash equivalents		38,257,980		38,499,679		27,281,123
Financial assets at fair value through profit or loss (“FVTPL”)		40,585,470		34,245,475		25,202,672
Financial assets at fair value through other comprehensive income (“FVTOCI”)		83,444,761		83,499,522		43,797,745
Securities at amortized cost		18,416,435		18,707,459		19,203,177
Loans and other financial assets at amortized cost		438,444,199		412,495,783		398,471,816
Investments in joint ventures and associates		1,856,681		2,080,008		1,748,810
Reinsurance contracts		601,044		620,207		—
Investment properties		630,326		998,854		450,788
Premises and equipment		5,998,299		3,780,817		3,370,585
Intangible assets and goodwill		1,053,820		1,056,647		1,091,402
Assets held for sale		698,186		168,491		73,989
Net defined benefit asset		9,527		20,558		146,109
Current tax assets		221,938		228,229		61,613
Deferred tax assets		341,767		413,649		72,937
Derivative assets (designated for hedging)		155,219		217,180		175,191
Other assets		4,463,836		4,424,728		4,605,363

Total assets		635,179,488		601,457,286		525,753,320

LIABILITIES
Financial liabilities at FVTPL		9,036,695		6,356,934		9,896,597
Deposits due to customers		378,088,907		376,580,845		366,821,156
Borrowings		40,530,558		34,183,267		30,117,031
Debentures		58,663,306		55,583,392		48,207,103
Insurance contracts		42,924,509		45,573,864		—
Reinsurance contracts		184,892		184,792		—
Investment contract liabilities		4,181,817		3,433,611		—
Provisions		792,709		790,733		611,428
Net defined benefit liability		80,277		115,091		5,424
Current tax liabilities		239,266		723,368		127,126
Deferred tax liabilities		1,404,228		504,828		858,822
Derivative liabilities (designated for hedging)		1,181,254		615,361		102,815
Other financial liabilities		56,137,211		38,118,058		32,314,051
Other liabilities		853,716		833,894		796,498

Total liabilities		594,299,345		563,598,038		489,858,051


Classification	2026 1H		2025			2024
EQUITY
Owners’ equity:		38,884,675		36,017,339			34,096,836
Capital stock		3,802,676		3,802,676			3,802,676
Hybrid securities		3,511,032		3,710,498			3,810,435
Capital surplus		933,154		933,436			934,100
Other equity		1,234,183		(1,219,327	)		(1,400,885	)
Retained earnings		29,403,630		28,790,056			26,950,510
Non-controlling interests		1,995,468		1,841,909			1,798,433

Total equity		40,880,143		37,859,248			35,895,269

Total liabilities and equity		635,179,488		601,457,286			525,753,320

Number of Consolidated Subsidiaries (excluding holding company)		215		203			188

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	2026 1H			2025 1H			2025			2024
Operating income		2,123,827			1,977,714			3,674,808			4,255,190
Net interest income		4,659,723			4,513,808			9,030,769			8,886,336
Net fees and commissions income		1,278,785			1,033,752			2,160,404			2,086,170
Dividend income		278,765			142,433			484,465			310,320
Net insurance income		83,443			—			103,871			—
Other insurance finance expenses		(1,250,197	)		—			(378,130	)		—
Net gain (loss) on financial instruments at FVTPL		1,540,524			(122,936	)		725,939			1,492,783
Net gain on financial assets at FVTOCI		19,644			80,823			130,620			96,620
Net gain arising on financial assets at amortized cost		42,612			53,151			107,667			286,885
Impairment losses due to credit loss		(966,025	)		(943,310	)		(2,102,814	)		(1,716,295	)
General and administrative expenses		(2,632,856	)		(2,479,086	)		(5,179,621	)		(4,468,973	)
Other net operating expenses		(930,591	)		(300,921	)		(1,408,362	)		(2,718,656	)

Non-operating income (expenses)		42,562			73,366			415,358			(32,343	)

Net income before income tax expense		2,166,389			2,051,080			4,090,166			4,222,847

Income tax expense		(500,474	)		(456,781	)		(862,658	)		(1,051,378	)

Net income		1,665,915			1,594,299			3,227,508			3,171,469

Net income attributable to owners		1,608,896			1,552,019			3,124,346			3,085,995


Classification	2026 1H		2025 1H			2025		2024
Net income attributable to the non-controlling interests		57,019		42,280			103,162		85,474

Other comprehensive income (loss), net of tax		2,592,612		(319,744	)		176,770		382,719

Items that will not be reclassified to profit or loss		1,847,736		(69,441	)		90,547		(200,341	)
Items that may be reclassified to profit or loss		744,876		(250,303	)		86,223		583,060

Total comprehensive income		4,258,527		1,274,555			3,404,278		3,554,188

Comprehensive income attributable to the owners		4,060,675		1,244,502			3,251,616		3,454,620
Comprehensive income attributable to non-controlling interests		197,852		30,053			152,662		99,568
Net income per share:
Basic and diluted income per share (in Korean Won)		2,103		2,006			4,052		3,950

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	2026 1H		2025		2024
ASSETS
Cash and cash equivalents		311,083		489,321		1,185,912
Financial assets at fair value through other comprehensive income		549,882		558,162		553,518
Loans and other financial assets at amortized cost		285,359		707,142		204,431
Investments in subsidiaries		26,599,124		25,597,495		24,206,017
Premises and equipment		3,169		4,763		5,304
Intangible assets		4,386		2,961		3,308
Net defined benefit asset		268		2,108		1,378
Current tax assets		118,616		26,295		33,120
Deferred tax assets		7,140		5,810		4,379
Other assets		245		315		155,670

Total assets		27,879,272		27,394,372		26,353,037

LIABILITIES
Debentures		3,536,620		2,667,525		2,037,567
Provisions		1,571		1,897		1,252
Current tax liabilities		199,152		673,217		84,701
Other financial liabilities		236,422		95,822		76,382
Other liabilities		405		5,967		404

Total liabilities		3,974,170		3,444,428		2,200,306


Classification	2026 1H			2025		2024
EQUITY
Capital stock		3,802,676			3,802,676		3,802,676
Hybrid securities		3,510,805			3,710,228		3,810,225
Capital surplus		8,120,236			8,120,236		11,120,236
Other equity		(1,958	)		2,607		(1,189	)
Retained earnings		8,473,343			8,314,197		5,420,783

Total equity		23,905,102			23,949,944		24,152,731

Total liabilities and equity		27,879,272			27,394,372		26,353,037

Summary Statement of Comprehensive Income


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


Classification	2026 1H			2025 1H			2025			2024
Operating income		1,158,462			1,368,995			1,294,715			1,123,301

Net interest income (expense)		(36,667	)		(13,394	)		(44,526	)		2,128
Interest income		5,674			21,628			28,296			51,778
Interest expense		(42,341	)		(35,022	)		(72,822	)		(49,650	)
Net fees and commissions loss		(13,696	)		(12,766	)		(26,879	)		(20,319	)
Fees and commissions income		887			876			1,816			1,625
Fees and commissions expense		(14,583	)		(13,642	)		(28,695	)		(21,944	)
Dividend income		1,249,918			1,435,418			1,448,486			1,208,522
Reversal (Provision) of impairment losses due to credit loss		0			(115	)		56			608
General and administrative expenses		(41,093	)		(40,148	)		(82,422	)		(67,638	)

Non-operating income (expense)		(43	)		13			(170,511	)		(147	)

Net income before income tax expense		1,158,419			1,369,008			1,124,204			1,123,154

Income tax benefit (expense)		(1,026	)		(212	)		2,836			178

Net income		1,157,393			1,368,796			1,127,040			1,123,332

Other comprehensive income (loss), net of tax		(6,210	)		5,887			3,562			9,138

Items that will not be reclassified to profit or loss		(6,210	)		5,887			3,562			9,138
Net gain (loss) on valuation of equity securities at FVTOCI		(6,002	)		6,988			3,328			10,164
Remeasurement of the net defined benefit liability		(208	)		(1,101	)		234			(1,026	)

Total comprehensive income		1,151,183			1,374,683			1,130,602			1,132,470

Net income per share:
Basic and diluted income per share (in Korean Won)		1,476			1,749			1,326			1,296

3.	Dividend Information

Information on the Date of Dividend Amount Determination and the Dividend Record Dates


Dividend Type	Date of Dividend Amount Determination Note 1)	Record Date	Remarks
Dividend for 2Q2026	July 24, 2026	August 10, 2026	—
Dividend for 1Q2026	April 24, 2026	May 11, 2026	—
Dividend for FY2025	March 23, 2026	February 27, 2026	Disclosed on February 6, 2026
Dividend for 3Q2025	October 24, 2025	November 10, 2025	—
Dividend for 2Q2025	July 25, 2025	August 10, 2025	—
Dividend for 1Q2025	April 25, 2025	May 10, 2025	—
Dividend for FY2024	March 26, 2025	February 28, 2025	Disclosed on February 7, 2025
Dividend for 3Q2024	October 18, 2024	September 30, 2024	—
Dividend for 2Q2024	July 25, 2024	June 30, 2024	—
Dividend for 1Q2024	April 26, 2024	March 31, 2024	—

Note 1)

Date of the annual general meeting of shareholders for year-end dividends and the date of the resolution of the Board of Directors for quarterly dividends.

Note 2)

Quarterly dividends for FY2024 are prior to the January 2025 amendment to Article 165-12 of the Capital Markets Act.

Dividend Data for the Past 3 Years – Key Indicators


Items		2026 1H		2025		2024
Par value per share (Won)			5,000		5,000		5,000
Net profit (millions of Won)			1,608,896		3,124,346		3,085,995
Earnings per share (Won)			2,103		4,052		3,950
Total cash dividends (millions of Won)			320,464		998,468		891,045
Total stock dividends (millions of Won)			—		—		—
Cash dividend payout ratio (%)			19.92		31.96		28.87
Cash dividend yield (%)	Common Shares		1.4		4.4		6.9
Cash dividend yield (%)	Preferred Shares		—		—		—
Stock dividend yield (%)	Common Shares		—		—		—
Stock dividend yield (%)	Preferred Shares		—		—		—
Cash dividend per share (Won)	Common Shares		440		1,360		1,200
Cash dividend per share (Won)	Preferred Shares		—		—		—
Stock dividend per share (Shares)	Common Shares		—		—		—
Stock dividend per share (Shares)	Preferred Shares		—		—		—

Note 1)

The dividends for 2026 1H include quarterly dividends of KRW 160,527 million (KRW 220 per share) for the first quarter and KRW 159,937 million (KRW 220 per share) for the second quarter. The dividends for the second quarter of 2026 were determined through a resolution of the board of directors on July 24, 2026.

Note 2)

The dividends for FY2025 include quarterly dividends of KRW 147,428 million (KRW 200 per share) for the first quarter, KRW 146,804 million (KRW 200 per share) for the second quarter and KRW 146,804 million (KRW 200 per share) for the third quarter.

Note 3)

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 4)

The cash dividend yields for 2026 1H and FY2025 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 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 FY2024 are calculated as the percentage of cash dividend per share to the arithmetic average of the final prices formed in the stock market during the week up to the date that is two trading days before the record date. The percentage is rounded to the first decimal place.

IV.

Independent Auditor’s Opinion

1.	Independent Auditor’s Opinion


	2026 1H	2025	2024
Auditor	KPMG Samjong Accounting Corp.	KPMG Samjong Accounting Corp.	KPMG Samjong Accounting Corp.
Auditor’s Opinion	Note 1)	Note 2)	Note 3)

Note 1)

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

Note 2)

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

Note 3)

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

2.	Compensation to the Independent Auditor

a.	Audit Services

Term

Auditor

Description

Contractual

Actual

Fee

Time

Fee

Time

2026 1H

KPMG Samjong Accounting Corp.

1Q/1H/3Q Review

Closing audit (including internal

accounting management system)

KRW 1,049 million

10,009 hours

KRW 352 million

3,882 hours

2025

KPMG Samjong Accounting Corp.

1Q/1H/3Q Review

Closing audit (including internal

accounting management system)

KRW 1,835 million

17,029 hours

KRW 1,835 million

17,052 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

Note 1)

Fee excludes VAT

Note 2)

Time includes planning time up until the commencement of the applicable services

b.	Other Audit Services

Not Applicable

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


Term	Auditor	Description	Fee
2026 1H	KPMG Samjong Accounting Corp.	U.S. PCAOB standard audit of consolidated financial statements and internal control over financial reporting (for FY2026)	KRW 2,302 million
2025	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

Note 1)

Fee excludes VAT

d.	Non-Audit Services


Term	Date of Execution of Agreement	Description of Service	Service Term	Fees
2026 1H	April 9, 2026	Tax adjustment (including review relating to application of consolidated tax)	April 9, 2026 ~ May 31, 2027	KRW 79 million
2025	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

Note 1)

Fee excludes VAT

V.	Corporate Governance

1.	About the Board of Directors

a.	Composition of the Board of Directors

As of June 30, 2026, our board of directors consisted of eight directors in total, including seven independent directors and one standing director.

On March 23, 2026, at the annual general meeting of shareholders, three independent directors and one standing director were appointed.

- New independent directors (2): Yong-Geon Jung, Jung-Hye Ryu / Reappointed independent director (1): In-Sub Yoon / Reappointed standing director (1): Jong-Yong Yim

On March 23, 2026, two (2) independent directors completed their terms: Eun-Ju Lee, Sun-Young Park

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 Controls Committee, Subsidiary Representative Director Candidate Recommendation Committee, ESG Management Committee.

At the 4th Board Meeting held on March 23, 2026, the independent director In-Sub Yoon was appointed as the Chairman of the Board of Directors. Having served for more than four years since his initial appointment in 2022, he possesses a deeper understanding of our organizational culture and management issues than anyone else. Furthermore, during his previous tenure as Chairman of the Board Directors (March 26, 2025 – March 23, 2026), he contributed to the smooth operation of the Board of Directors. 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 this, 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:

(a)

Audit Committee

(b)

Risk Management Committee

(c)

Compensation Committee

(d)

Officer Candidate Recommendation Committee

(e)

Ethics and Internal Controls Committee

(f)

Subsidiary Representative Director Candidate Recommendation Committee

(g)

ESG Management Committee

(As of June 30, 2026)


Name of Committee	Composition	Names of Members

Audit Committee	Five independent directors	(Chair) Choon-Soo Kim (independent director) Young-Hoon Kim (independent director) Kang-Haeng Lee (independent director) Yeong-Seop Rhee (independent director) Yong-Geon Jung (independent director)

Risk Management Committee	Four independent directors	(Chair) Yeong-Seop Rhee (independent director) In-Sub Yoon (independent director) Kang-Haeng Lee (independent director) Jung-Hye Ryu (independent director)

Compensation Committee	Four independent directors	(Chair) Young-Hoon Kim (independent director) In-Sub Yoon (independent director) Choon-Soo Kim (independent director) Kang-Haeng Lee (independent director)

Officer Candidate Recommendation Committee	Seven independent directors	(Chair) Kang-Haeng Lee (independent director) In-Sub Yoon (independent director) Choon-Soo Kim (independent director) Young-Hoon Kim (independent director) Yeong-Seop Rhee (independent director) Yong-Geon Jung (independent director) Jung-Hye Ryu (independent director)

Ethics and Internal Controls Committee	Five independent directors	(Chair) Yong-Geon Jung (independent director) In-Sub Yoon (independent director) Choon-Soo Kim (independent director) Young-Hoon Kim (independent director) Yeong-Seop Rhee (independent director)


Name of Committee	Composition	Names of Members

Subsidiary Representative Director Candidate Recommendation Committee	Seven independent directors One standing director	(Chair) Jong-Yong Yim (standing director) In-Sub Yoon (independent director) Choon-Soo Kim (independent director) Young-Hoon Kim (independent director) Kang-Haeng Lee (independent director) Yeong-Seop Rhee (independent director) Yong-Geon Jung (independent director) Jung-Hye Ryu (independent director)

ESG Management Committee	Seven independent directors One standing director	(Chair) Jung-Hye Ryu (independent director) In-Sub Yoon (independent director) Choon-Soo Kim (independent director) Young-Hoon Kim (independent director) Kang-Haeng Lee (independent director) Yeong-Seop Rhee (independent director) Yong-Geon Jung (independent director) Jong-Yong Yim (standing director)

2.	Shareholders’ Meetings

a.	Voting Rights

(unit: shares, as of June 30, 2026)


Items		Number of shares		Notes
Number of issued shares	Common Shares		728,089,682		—
Number of issued shares	Preferred Shares		—		—
Number of shares without voting rights	Common Shares		3,082,276		Note 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		—		—
	Preferred Shares		—		—
Number of shares for which voting rights are limited by law	Common Shares		—		—
	Preferred Shares		—		—
Number of shares for which voting rights have been restored	Common Shares		—		—
	Preferred Shares		—		—
Number of shares for which voting rights may be exercised	Common Shares		725,007,406		—
Number of shares for which voting rights may be exercised	Preferred Shares		—		—

Note 1)

Treasury shares acquired from the issuance of fractional shares and shares in mutual ownership (pursuant to Article 369 of the Commercial Code)

b.	Summary of the Minutes of Shareholders’ Meetings


	Agenda	Result

Annual General Meeting of Shareholders for FY2023 (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)	Approved as submitted
	2. Election of directors (5 independent directors) - 2-1 Candidate for independent director : Chan-Hyoung Chung - 2-2 Candidate for independent director : In-Sub Yoon - 2-3 Candidate for independent director : Yo-Hwan Shin - 2-4 Candidate for independent director : Eun-Ju Lee - 2-5 Candidate for independent director : Sunyoung Park	Approved as submitted
	3. Election of Audit Committee members who are independent directors (2 independent directors) - 3-1 Candidate for Audit Committee member who is an independent director : Chan-Hyoung Chung - 3-2 Candidate for Audit Committee member who is an independent director : Yo-Hwan Shin	Approved as submitted
	4. Approval of the maximum limit on directors’ compensation	Approved as submitted

Annual General Meeting of Shareholders for FY2024 (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, 2024)	Approved as submitted
	2. Approval of amendments to the Articles of Incorporation	Approved as submitted
	3. Approval of reductions to the capital reserve	Approved as submitted
	4. Election of directors (4 independent directors) - 4-1 Candidate for independent director : Choon-Soo Kim - 4-2 Candidate for independent director : Young-Hoon Kim - 4-3 Candidate for independent director : Kang-Haeng Lee - 4-4 Candidate for independent director : In-Sub Yoon	Approved as submitted
	5. Election of independent director who will serve as an audit committee member - Candidate for independent director who will serve as an audit committee member : Yeong-Seop Rhee	Approved as submitted
	6. Election of audit committee members who are independent directors (3 independent directors) - 6-1 Candidate for audit committee member who is an independent director : Choon-Soo Kim - 6-2 Candidate for audit committee member who is an independent director : Young-Hoon Kim - 6-3 Candidate for audit committee member who is an independent director : Kang-Haeng Lee	Approved as submitted



	7. Approval of the maximum limit on directors’ compensation	Approved as submitted

Annual General Meeting of Shareholders for FY2025 (March 23, 2026)	1. Approval of separate financial statements (including statements of appropriations of retained earnings) and consolidated financial statements for fiscal year 2025 (Jan. 1, 2025 – Dec. 31, 2025)	Approved as submitted
	2. Approval of amendments to the Articles of Incorporation	Approved as submitted
	3. Election of directors (1 standing director and 2 independent directors) - 3-1 Candidate for standing director : Jong-Yong Yim - 3-2 Candidate for independent director : In-Sub Yoon - 3-3 Candidate for independent director : Jung-Hye Ryu	Approved as submitted
	4. Election of independent director who will serve as an audit committee member - Candidate for independent director who will serve as an audit committee member : Yong-Geon Jung	Approved as submitted
	5. 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, 2026		(units: shares, %)


Name	Relation	Type		Shares Held								Notes
				Beginning balance				Ending balance
				Number		Share		Number		Share
Employee Stock Ownership Association of Woori Financial Group	The largest shareholder		Common		42,182,950		5.75		48,951,210		6.72		—
Employee Stock Ownership Association of Woori Bank	The related party of the largest shareholder		Common		14,753,107		2.01		12,984,953		1.78		—
Total			Common		56,936,057		7.76		61,936,163		8.51		—
			Others		—		—		—		—		—

b.	Changes in the Largest Shareholder


As of June 30, 2026		(units: shares, %)


Change of Date	Largest Shareholder	Number Held	Share	Notes
December 9, 2021	Employee Stock Ownership Association of Woori Financial Group and 1 other	71,346,178	9.80	Bought 1.00% of the KDIC’s remaining shares of Woori Financial Group (8.80% share already held) Note 1)

Note 1)

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

c.	Share Ownership of More Than 5%


As of June 30, 2026		(units: shares, %)

Name

Shares

Notes

No. of shares

Percentage of
shareholding

Share ownership of more than 5%

BlackRock Fund Advisors

52,302,167

7.18

Note 1

)

National Pension Service

46,827,446

6.43

—

Employee Stock Ownership Association

61,936,163

8.51

Note 2)

Note 1)

Based on the report on significant holdings of stocks filed on February 10, 2026.

Note 2)

Total shares of the employee stock ownership association of Woori Financial Group and Woori Bank.

Note 3)

Percentage of shareholding : Calculated based on the total number of issued shares as of June 30, 2026.

2.	Stock Price and Stock Market Performance

a.	Domestic Stock Market

(units: Won, thousands of shares)


Period		January 2026		February 2026		March 2026		April 2026		May 2026		June 2026
Share Price (Common Shares)	High		30,650		40,800		35,300		35,800		33,300		33,050
	Low		27,250		30,100		31,550		31,850		29,700		28,350
	Average		28,593		36,256		32,829		33,986		31,378		30,250
Monthly Trade Volume	High		2,467		7,692		6,725		5,571		5,320		4,475
	Low		1,116		1,737		1,225		909		1,475		1,370
	Monthly Total		36,863		55,528		54,352		39,502		47,864		51,976

Note 1)

Source: KRX KOSPI Market

Note 2)

Share prices are based on closing prices.

b.	Foreign Stock Market (NYSE)

(units: US Dollars, Won, thousands of ADSs)


Period		January 2026		February 2026		March 2026		April 2026		May 2026		June 2026
ADS	High		64.86		84.47		73.91		74.32		70.03		66.00
	Low		56.71		62.89		64.25		65.45		60.84		56.40
	Average		59.64		75.64		67.13		69.71		64.64		60.27
Won Conversion	High		93,580		122,541		105,285		109,444		103,981		99,660
	Low		82,553		90,354		96,895		98,646		91,613		87,155
	Average		86,866		109,622		99,791		103,681		96,324		92,054
Monthly Trade Volume	High		95		130		202		202		253		311
	Low		41		44		59		69		67		110
	Monthly Total		1,220		1,588		2,763		2,671		2,806		4,642

Note 1)

Source: standard trading rate (daily and monthly average) (Seoul Money Brokerage, www.smbs.biz)

Note 2)

One ADS represents three common shares.

Note 3)

Share prices are based on closing prices.

VII.

Directors and Employee Information

1.	Directors and Executives

As of August 14, 2026

Position

Name

Common
Shares
Owned

Term
Commencement Date

Expiration of Term

Chief Executive Officer

Registered

Jong-Yong Yim

10,000

March 24, 2023

Note 1)

Independent Director

Registered

In-Sub Yoon

—

January 27, 2022

Note 2)

Independent Director

Registered

Choon-Soo Kim

2,800

March 26, 2025

Note 2)

Independent Director

Registered

Young-Hoon Kim

—

March 26, 2025

Note 2)

Independent Director

Registered

Kang-Haeng Lee

7,000

March 26, 2025

Note 2)

Independent Director

Registered

Yeong-Seop Rhee

—

March 26, 2025

Note 2)

Independent Director

Registered

Yong-Geon Jung

—

March 23, 2026

Note 3)

Independent Director

Registered

Jung-Hye Ryu

—

March 23, 2026

Note 3)

President

Non-Registered

Jeong-Soo Lee

6,890

February 27, 2026

December 31, 2026

Deputy President

Non-Registered

Il-Jin Ouk

4,000

December 8, 2023

November 30, 2026

Deputy President

Non-Registered

Jang-Keun Park

2,850

December 8, 2023

March 6, 2027

Deputy President

Non-Registered

Kyu-Hwang Jeong

11,741

December 8, 2023

July 4, 2028

Deputy President

Non-Registered

Seong-Min Kwak

3,692

January 15, 2026

December 31, 2027

Managing Director

Non-Registered

Jung-Sup Lee

—

December 16, 2024

December 31, 2026

Managing Director

Non-Registered

Je-Seong Park

5,250

December 16, 2024

December 31, 2026

Managing Director

Non-Registered

Byung-Gyu Kim

—

January 15, 2026

December 31, 2027

Managing Director

Non-Registered

Won-Myung Ko

—

January 15, 2026

January 14, 2028

Managing Director

Non-Registered

Yeon-Ho Park

—

February 27, 2026

December 31, 2027

Note 1)

The terms of standing director Jong-Yong Yim: Until the end of the annual general meeting of shareholders in FY2029.

Note 2)

The terms of independent directors In-Sub Yoon, Choon-Soo Kim, Young-Hoon Kim, Kang-Haeng Lee and Yeong-Seop Rhee: Until the end of the annual general meeting of shareholders in FY2027.

Note 3)

The terms of independent directors Yong-Geon Jung and Jung-Hye Ryu: Until the end of the annual general meeting of shareholders in FY2028.

Note 4)

Common shares owned by executive officers excludes shares held through the Employee Stock Ownership Association, in accordance with the legal interpretation by the Financial Services Commission (FSC).

Note 5)

Term commencement date: date of inauguration for registered officers or directors / date of appointment of current position for non-registered officers or directors.

2.	Employee Status


As of June 30, 2026		(units: persons, millions of Won)

Number of Employees

Average
Tenure

Total
Compensation

Average
Compensation
Per Person

Note

Regular

Contract

Total

(Short time
worker)

Total

(Short time
worker)

Total

—

124

2 years 9 months

(14 years 3 months

)

13,525

110

—

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, shares)


Items	Term	Number of Persons Note 1)		Total Remuneration Note 2)		Average Compensation Per Director		Stock-based compensation (including in total compensation)		Remuneration not included in total compensation (remaining balance)										Note
										Stock options						Other stock-based compensation
										Exercisable		Unexercisable		Remaining Amount Note 3)		Unpaid Shares		Market Value Note 4)
Registered Directors (excludes independent directors and audit committee members)	2026 1H		1		815		815		—		—		—		—		17,893		519		Note 5	)
	2025		1		1,193		1,193		—		—		—		—		63,167		1,769		Note 6	)
	2024		1		1,144		1,144		—		—		—		—		62,087		954		Note 7	)
Independent Directors (excludes audit committee members)	2026 1H		2		120		49		—		—		—		—		—		—		—
	2025		3		259		86		—		—		—		—		—		—		—
	2024		3		241		88		—		—		—		—		—		—		—
Audit Committee Members	2026 1H		5		214		47		—		—		—		—		—		—		—
	2025		4		321		80		—		—		—		—		—		—		—
	2024		4		278		70		—		—		—		—		—		—		—
Auditor Note 8)	2026 1H		—		—		—		—		—		—		—		—		—		—
	2025		—		—		—		—		—		—		—		—		—		—
	2024		—		—		—		—		—		—		—		—		—		—

Note 1)

Number of persons as of the reporting date of the current period (June 30, 2026)

Note 2)

Total remuneration for the 2026 1H: Cumulative amount paid from January to June 2026

Note 3)

Remaining Amount = The amount of liability and equity accounts recognized on the statement of financial position in connection with stock options, categorized by position (such as directors, independent directors and audit committee members), as of the end of each fiscal year and the reporting date of this disclosure.

Note 4)

Market value = (Unpaid quantity) * (closing price at the end of period) (However, other stock-based compensation is performance-linked stock-based compensation, and the final payment quantity and amount will be determined based on the share price at the time of payment according to the results of the long-term performance evaluation)

※ Closing price at the end of each period (KRW): KRW 15,370 as of December 31, 2024; KRW 28,000 as of December 31, 2025; KRW 29,000 as of June 30, 2026.

Note 5)

Includes performance-linked stock-based compensation of up to 17,893 performance-linked shares; the final number of shares to be granted and the final payment amount will be determined based on the share price at the time of payment according to the results of the long-term performance evaluation (2026~2029).

Note 6)

Includes performance-linked stock -based compensation of up to 63,167 performance-linked shares; the final number of shares to be granted and the final payment amount will be determined based on the share price at the time of payment according to the results of the long-term performance evaluation (2025~2028).

Note 7)

Includes performance-linked stock -based compensation of up to 62,087 performance-linked shares; the final number of shares to be granted and the final payment amount will be determined based on the share price at the time of payment according to the results of the long-term performance evaluation (2024~2027).

Note 8)

Pursuant to Article 542-11 of the Commercial Act, the Company operates an Audit Committee and does not have a separate auditor pursuant to Article 415-2.

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 granted. 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.

(Unit: shares, except number of recipients)


Items	2024			2025			2026 1H
Number of Recipients		13			9			11
Maximum Amount of Shares		194,569			173,273			48,137
Shares Paid during the Period		164,164			161,799			149,696
(Adjustments)		(19,554	)		(21,970	)		(17,920	)
Cumulative Shares Paid		232,910			394,709			475,659
Unpaid Shares		824,024			813,528			694,049

Note 1)

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

Note 2)

Cumulative Shares Paid : The cumulative shares paid during the disclosure period up to the reporting date of this disclosure is stated.

VIII.

Internal Controls

1.	Management’s Assessment of the Effectiveness of the Internal Accounting Management System


Term	Date of Report	Assessment	Material Deficiencies	Corrective Action Plans
2026 1H	—	—	—	—
2025	To Board: February 27, 2026 To Shareholder Meeting: March 23, 2026	In terms of overall materiality, the internal accounting management system is under effective design and operation.	—	—
2024	To Board: February 28, 2025 To Shareholder Meeting: March 26, 2025	In terms of overall materiality, the internal accounting management system is under effective design and operation.	—	—

Note)

The evaluation results are reported 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 Deficiencies	Corrective Action Plans
2026 1H	—	—	—	—
2025	February 27, 2026	In terms of overall materiality, the internal accounting management system is under effective design and operation.	—	—
2024	February 28, 2025	In terms of overall materiality, the internal accounting management system is under effective design and operation.	—	—

Note)

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

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 Response Actions
2026 1H	—	—	—		—		—
2025	KPMG Samjong Accounting Corp.	Audit	Unqualified		—		—
2024	KPMG Samjong Accounting Corp.	Audit	Unqualified		—		—

Note)

A comprehensive 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.

SIGNATURES

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


	Woori Financial Group Inc.
	(Registrant)

Date: August 14, 2026	By:	/s/ Seong Min Kwak
	(Signature)

	Name:	Seong Min Kwak
	Title:	Deputy President

EX-99.1 2 d131988dex991.htm EX-99.1 EX-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, 2026 AND 2025

WOORI FINANCIAL GROUP INC.


	Page(s)
Independent Auditors’ Review Report		1-2

Consolidated Interim Financial Statements

Consolidated Interim Statements of Financial Position		4

Consolidated Interim Statements of Comprehensive Income		5-6

Consolidated Interim Statements of Changes in Equity		7

Consolidated Interim Statements of Cash Flows		8-9

Notes to the Consolidated Interim Financial Statements		10-148

Independent Auditors’ Review Report

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, 2026, the condensed consolidated interim statements of comprehensive income for three-month and six-month periods ended June 30, 2026, and 2025, the condensed consolidated interim statements of changes in equity and cash flows for the six-month periods ended June 30, 2026 and 2025 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 review.

We conducted our review 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 review, 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.

- 1 -

Other Matters

The consolidated statement of financial position of the Group as of December 31, 2025, 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 4, 2026, expressed an unqualified opinion. The accompanying consolidated statement of financial position of the Group as of December 31, 2025, 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, 2026

This report is effective as of August 14, 2026, 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.

- 2 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF AND FOR THE THREE-MONTH AND SIX-MONTH PERIODS ENDED JUNE 30, 2026 AND 2025

The accompanying condensed 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

- 3 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION

AS OF JUNE 30, 2026 (UNAUDITED) AND DECEMBER 31, 2025


	June 30, 2026		December 31, 2025
	(Korean Won in millions)
ASSETS
Cash and cash equivalents (Notes 4 and 6)		38,257,980		38,499,679
Financial assets at fair value through profit or loss (“FVTPL”) (Notes 4, 7, 11, and 21)		40,585,470		34,245,475
Financial assets at fair value through other comprehensive income (“FVTOCI”) (Notes 4, 8, and 11)		83,444,761		83,499,522
Securities at amortized cost (Notes 4, 9, and 11)		18,416,435		18,707,459
Loans and other financial assets at amortized cost (Notes 4, 10, 11, and 35)		438,444,199		412,495,783
Investments in joint ventures and associates (Note 12)		1,856,681		2,080,008
Reinsurance contract assets (Note 17)		601,044		620,207
Investment properties		630,326		998,854
Premises and equipment		5,998,299		3,780,817
Intangible assets		1,053,820		1,056,647
Assets held for sale		698,186		168,491
Net defined benefit asset (Note 19)		9,527		20,558
Current tax assets		221,938		228,229
Deferred tax assets		341,767		413,649
Derivative assets (Designated for hedging) (Notes 4,11 and 21)		155,219		217,180
Other assets (Notes 13 and 35)		4,463,836		4,424,728

Total assets		635,179,488		601,457,286

LIABILITIES
Financial liabilities at fair value through profit or loss (“FVTPL”) (Notes 4, 11, 14 and 21)		9,036,695		6,356,934
Deposits due to customers (Notes 4,11,15 and 35)		378,088,907		376,580,845
Borrowings (Notes 4, 11 and 16)		40,530,558		34,183,267
Debentures (Notes 4, 11 and 16)		58,663,306		55,583,392
Insurance contract liabilities (Note 17)		42,924,509		45,573,864
Reinsurance contract liabilities (Note 17)		184,892		184,792
Investment contract liabilities (Notes 4 and 11)		4,181,817		3,433,611
Provisions (Notes 18, 34 and 35)		792,709		790,733
Net defined benefit liability (Note 19)		80,277		115,091
Current tax liabilities		239,266		723,368
Deferred tax liabilities		1,404,228		504,828
Derivative liabilities (Designated for hedging) (Notes 4,11 and 21)		1,181,254		615,361
Other financial liabilities (Notes 4, 11, 20 and 35)		56,137,211		38,118,058
Other liabilities (Notes 20 and 35)		853,716		833,894

Total liabilities		594,299,345		563,598,038

EQUITY
Owners’ equity (Note 22)
Capital stock		3,802,676		3,802,676
Hybrid securities		3,511,032		3,710,498
Capital surplus		933,154		933,436
Other equity		1,234,183		(1,219,327	)
Retained earnings		29,403,630		28,790,056

		38,884,675		36,017,339

Non-controlling interests		1,995,468		1,841,909

Total equity		40,880,143		37,859,248

Total liabilities and equity		635,179,488		601,457,286

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

- 4 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

CONSOLIDATED INTERIM STATEMENTS OF COMPREHENSIVE INCOME

FOR THE THREE-MONTH AND SIX-MONTH PERIODS ENDED JUNE 30, 2026 AND 2025

(UNAUDITED)


	Periods ended June 30, 2026						Periods ended June 30, 2025
	Three-month			Six-month			Three-month			Six-month
	(Korean Won in millions, except for earnings per share data)
Interest income		5,548,434			10,944,229			5,114,607			10,419,776
Financial assets at FVTPL		85,358			165,149			64,600			120,559
Financial assets at FVTOCI		681,194			1,332,172			324,231			675,627
Financial assets at amortized cost		4,776,008			9,435,327			4,725,776			9,623,590
Insurance finance		5,874			11,581			—			—
Interest expense		(3,191,864	)		(6,284,506	)		(2,852,790	)		(5,905,968	)
Financial liabilities at amortized cost		(2,814,154	)		(5,513,207	)		(2,852,790	)		(5,905,968	)
Insurance finance		(377,710	)		(771,299	)		—			—

Net interest income (Notes 24 and 35)		2,356,570			4,659,723			2,261,817			4,513,808

Fees and commissions income		948,028			1,737,773			732,233			1,441,204
Fees and commissions expense		(246,073	)		(458,988	)		(209,915	)		(407,452	)

Net fees and commissions income (Notes 25 and 35)		701,955			1,278,785			522,318			1,033,752

Dividend income (Notes 26 and 35)		138,033			278,765			72,609			142,433

Insurance income		552,219			1,097,851			—			—
Insurance		519,470			1,047,890			—			—
Reinsurance		32,749			49,961			—			—
Insurance service expense		(536,333	)		(1,014,408	)		—			—
Insurance service		(517,540	)		(976,258	)		—			—
Reinsurance service		(18,793	)		(38,150	)		—			—
Net insurance income (Note 17)		15,886			83,443			—			—

Other insurance finance income and expenses (Note 17)		(1,052,892	)		(1,250,197	)		—			—
Net gain(loss) on financial instruments at FVTPL (Notes 27)		1,101,273			1,540,524			(325,304	)		(122,936	)
Net gain on financial assets at FVTOCI (Notes 28)		8,941			19,644			47,566			80,823
Net gain arising on financial assets at amortized cost		33,727			42,612			33,346			53,151
Impairment losses due to credit loss (Notes 29 and 35)		(439,243	)		(966,025	)		(507,809	)		(943,310	)
General and administrative expense (Notes 30 and 35)		(1,210,047	)		(2,632,856	)		(1,172,914	)		(2,479,086	)
Other net operating income and expense (Notes 21, 30 and 35)		(338,531	)		(930,591	)		176,822			(300,921	)

Operating income (Note 5)		1,315,672			2,123,827			1,108,451			1,977,714

Share of gain(loss) of joint ventures and associates (Note 12)		(641	)		28,122			61,653			71,688
Other non-operating income and expense		3,166			14,440			16,381			1,678

Non-operating income and expense (Note 31)		2,525			42,562			78,034			73,366

Net income before income tax expense		1,318,197			2,166,389			1,186,485			2,051,080

Income tax expense (Note 32)		(291,715	)		(500,474	)		(246,742	)		(456,781	)

Net income		1,026,482			1,665,915			939,743			1,594,299

(Continued)

- 5 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

CONSOLIDATED INTERIM STATEMENTS OF COMPREHENSIVE INCOME

FOR THE THREE-MONTH AND SIX-MONTH PERIODS ENDED JUNE 30, 2026 AND 2025

(UNAUDITED)


	Periods ended June 30, 2026						Periods ended June 30, 2025
	Three-month			Six-month			Three-month			Six-month
	(Korean Won in millions, except for earnings per share data)
Net gain(loss) on valuation of equity securities at FVTOCI		(28,135	)		6,960			(7,234	)		21,753
Net gain(loss) on credit risk fluctuation of financial liabilities designated to be measured at FVTPL		(48	)		(128	)		(8	)		18
Changes in capital due to equity method		(256	)		840			(251	)		(1,361	)
Remeasurement gain(loss) related to defined benefit plan		61,282			43,630			24,931			(89,851	)
Gain(loss) on revaluation of premises and equipment		(44	)		1,796,434			—			—

Items that will not be reclassified to profit or loss:		32,799			1,847,736			17,438			(69,441	)

Net gain(loss) on valuation of debt securities at FVTOCI		(805,712	)		(2,263,165	)		17,202			66,844
Changes in capital due to equity method		6,118			12,384			(2,149	)		(663	)
Net gain(loss) on foreign currency translation of foreign operations		79,814			362,431			(388,415	)		(388,840	)
Net gain(loss) on valuation of hedges of net investments in foreign operations		(17,601	)		(66,771	)		70,009			72,235
Net gain(loss) on valuation of cash flow hedge		(116,532	)		(226,994	)		(1,606	)		121
Net financial gain on insurance contract assets (liabilities)		1,280,060			2,951,557			—			—
Net financial loss on reinsurance contract assets (liabilities)		(7,126	)		(24,566	)		—			—

Items that may be reclassified to profit or loss:		419,021			744,876			(304,959	)		(250,303	)

Other comprehensive income (loss), net of tax		451,820			2,592,612			(287,521	)		(319,744	)

Total comprehensive income		1,478,302			4,258,527			652,222			1,274,555

Net income attributable to:		1,026,482			1,665,915			939,743			1,594,299
Net income attributable to owners		1,004,578			1,608,896			935,328			1,552,019
Net income attributable to non-controlling interests		21,904			57,019			4,415			42,280

Total comprehensive income attributable to:		1,478,302			4,258,527			652,222			1,274,555
Comprehensive income attributable to owners		1,372,542			4,060,675			656,432			1,244,502
Comprehensive income(expense) attributable to non-controlling interests		105,760			197,852			(4,210	)		30,053

Earnings per share (Note 33)
Basic and diluted earnings per share (Unit: In Korean Won)		1,330			2,103			1,225			2,006

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

- 6 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN EQUITY

FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2026 AND 2025 (UNAUDITED)


	Capital Stock		Hybrid securities			Capital surplus			Other equity			Retained earnings			Owners’ equity in total			Non- controlling interests			Total equity
	(Korean Won in millions)
January 1, 2025		3,802,676		3,810,435			934,100			(1,400,885	)		26,950,510			34,096,836			1,798,433			35,895,269
Total comprehensive income
Net income		—		—			—			—			1,552,019			1,552,019			42,280			1,594,299
Net gain on valuation of financial instruments at FVTOCI		—		—			—			88,271			—			88,271			326			88,597
Net gain(loss) due to disposal of equity securities at FVTOCI		—		—			—			1,827			(1,827	)		—			—			—
Net gain on credit risk fluctuation of financial liabilities designated to be measured at FVTPL		—		—			—			18			—			18			—			18
Changes in capital due to equity method		—		—			—			(2,024	)		—			(2,024	)		—			(2,024	)
Loss on foreign currency translation of foreign operations		—		—			—			(376,284	)		—			(376,284	)		(12,556	)		(388,840	)
Gain on valuation of hedges of net investments in foreign operations		—		—			—			72,235			—			72,235			—			72,235
Gain on valuation of cash flow hedge		—		—			—			121			—			121			—			121
Remeasurement gain(loss) related to defined benefit plan		—		—			—			(89,854	)		—			(89,854	)		3			(89,851	)
Transactions with owners
Dividends to common stocks		—		—			—			—			(634,898	)		(634,898	)		(999	)		(635,897	)
Changes in treasury stocks		—		—			1			(150,000	)		—			(149,999	)		—			(149,999	)
Issuance of hybrid securities		—		398,789			—			—			—			398,789			—			398,789
Dividends to hybrid securities		—		—			—			—			(75,672	)		(75,672	)		(47,749	)		(123,421	)
Redemption of hybrid securities		—		(698,277	)		—			(2,139	)		—			(700,416	)		(239,434	)		(939,850	)
Transfer of redemption loss of hybrid securities to retained earnings		—		—			—			2,456			(2,456	)		—			—			—
Changes in subsidiaries’ capital		—		—			250			49,743			(49,743	)		250			(250	)		—
Others		—		—			—			—			(3,906	)		(3,906	)		(22	)		(3,928	)

June 30, 2025 (Unaudited)		3,802,676		3,510,947			934,351			(1,806,515	)		27,734,027			34,175,486			1,540,032			35,715,518

January 1, 2026		3,802,676		3,710,498			933,436			(1,219,327	)		28,790,056			36,017,339			1,841,909			37,859,248
Total comprehensive income
Net income		—		—			—			—			1,608,896			1,608,896			57,019			1,665,915
Net loss on valuation of financial instruments at FVTOCI		—		—			—			(2,024,934	)		—			(2,024,934	)		(231,313	)		(2,256,247	)
Net gain(loss) due to disposal of equity securities at FVTOCI		—		—			—			(149	)		149			—			42			42
Net loss on credit risk fluctuation of financial liabilities designated to be measured at FVTPL		—		—			—			(128	)		—			(128	)		—			(128	)
Changes in capital due to equity method		—		—			—			13,455			(231	)		13,224			—			13,224
Gain on foreign currency translation of foreign operations		—		—			—			360,567			—			360,567			1,864			362,431
Loss on valuation of hedges of net investments in foreign operations		—		—			—			(66,771	)		—			(66,771	)		—			(66,771	)
Loss on valuation of cash flow hedge		—		—			—			(178,385	)		—			(178,385	)		(48,609	)		(226,994	)
Remeasurement gain(loss) related to defined benefit plan		—		—			—			44,034			—			44,034			(404	)		43,630
Net financial gain on insurance contract assets (liabilities)		—		—			—			2,524,267			—			2,524,267			427,290			2,951,557
Net financial loss on reinsurance contract assets (liabilities)		—		—			—			(15,379	)		—			(15,379	)		(9,187	)		(24,566	)
Gain on revaluation of premises and equipment		—		—			—			1,795,284			—			1,795,284			1,150			1,796,434
Transfer of revaluation surplus		—		—			—			(412	)		412			—			—			—
Transactions with owners
Dividends to common stocks		—		—			—			—			(714,990	)		(714,990	)		(16	)		(715,006	)
Changes in treasury stocks		—		—			—			—			(200,000	)		(200,000	)		—			(200,000	)
Dividends to hybrid securities		—		—			—			—			(78,067	)		(78,067	)		(42,929	)		(120,996	)
Redemption of hybrid securities		—		(199,423	)		—			(577	)		—			(200,000	)		—			(200,000	)
Transfer of redemption loss of hybrid securities to retained earnings		—		—			—			2,222			(2,222	)		—			—			—
Changes in subsidiaries’ capital		—		—			(53	)		416			(416	)		(53	)		53			—
Others		—		(43	)		(229	)		—			43			(229	)		(1,401	)		(1,630	)

June 30, 2026 (Unaudited)		3,802,676		3,511,032			933,154			1,234,183			29,403,630			38,884,675			1,995,468			40,880,143

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

- 7 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS

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


	For the six-month periods ended June 30
	2026			2025
	(Korean Won in millions)
Cash flows from operating activities :
Net income		1,665,915			1,594,299
Adjustments to net income:
Income tax expense		500,474			456,781
Interest income		(10,944,229	)		(10,419,776	)
Interest expense		6,284,506			5,905,968
Dividend income		(278,765	)		(142,433	)

		(4,438,014	)		(4,199,460	)

Additions of expenses not involving cash outflows:
Insurance service expense		1,014,408			—
Other insurance finance expense		1,251,494			—
Loss on financial assets at FVTOCI		5,840			4,306
Impairment loss due to credit loss		966,025			943,310
Loss on other provisions		5,855			16,570
Retirement benefit		77,230			98,078
Depreciation and amortization		638,085			618,737
Loss on derivatives (designated for hedge)		302,267			111,521
Loss on fair value hedge		13,560			59,901
Loss on valuation of investments in joint ventures and associates		19,563			12,714
Loss on disposal of investments in joint ventures and associates		31,434			241
Loss on disposal of Premises and equipment, intangible assets and other assets		9,347			1,060
Impairment loss on Premises and equipment, intangible assets and other assets		391			382
Loss on revaluation of premises and equipment		6,835			—
Other losses		547			2,788

		4,342,881			1,869,608

Deductions of income not involving cash inflows:
Insurance income		1,097,851			—
Other insurance finance income		1,297			—
Gain on financial instruments at FVTPL		1,538,944			194,476
Gain on financial assets at FVTOCI		25,484			85,129
Gain on other provisions		15,951			511
Gain on foreign currency translation		96,063			679,593
Gain on derivatives (designated for hedge)		94,553			85,237
Gain on fair value hedge		52,468			3,887
Gain on valuation of investments in joint ventures and associates		47,685			84,403
Gain on disposal of investments in joint ventures and associates		20,162			422
Gain on disposal of Premises and equipment, intangible assets and other assets		5,472			16,165
Reversal of impairment loss on Premises and equipment, intangible assets and other assets		705			919

		2,996,635			1,150,742

Changes in operating assets and liabilities:
Reinsurance contract assets		63,528			—
Financial instruments at FVTPL		(2,380,469	)		170,127
Loans and other financial assets at amortized cost		(22,377,144	)		(19,252,504	)
Other assets		(647,933	)		(424,306	)
Insurance contract liabilities		(625,534	)		—
Reinsurance contract liabilities		(56,737	)		—
Investment contract liabilities		685,217			—
Deposits due to customers		(2,389,171	)		5,913,514
Provisions		(10,698	)		(845	)
Net defined benefit liability		(39,587	)		(55,953	)
Other financial liabilities		17,795,735			8,534,068
Other liabilities		13,129			(29,395	)

		(9,969,664	)		(5,145,294	)

(Continued)

- 8 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS

FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2026 AND 2025 (UNAUDITED)


	For the six-month periods ended June 30
	2026			2025
	(Korean Won in millions)
Interest income received		10,424,690			10,201,240
Interest expense paid		(6,062,456	)		(5,554,474	)
Dividends received		296,883			142,519
Income tax paid		(786,512	)		(264,346	)

		3,872,605			4,524,939

Net cash provided by (used in) operating activities		(7,522,912	)		(2,506,650	)

Cash flows from investing activities:
Net cash out-flows from hedging activities		(151,804	)		—
Disposal of financial instruments at FVTPL		10,441,344			8,988,569
Acquisition of financial instruments at FVTPL		(10,084,271	)		(9,616,922	)
Disposal of financial assets at FVTOCI		20,310,525			18,412,515
Acquisition of financial assets at FVTOCI		(21,909,289	)		(14,160,445	)
Redemption of securities at amortized cost		2,084,560			2,871,657
Acquisition of securities at amortized cost		(1,663,876	)		(2,473,315	)
Net cash flows from changes in subsidiaries		147,908			19,529
Disposal of investments in joint ventures and associates		562,643			71,564
Acquisition of investments in joint ventures and associates		(530,718	)		(83,970	)
Disposal of investment properties		30,179			—
Acquisition of investment properties		(309	)		—
Disposal of premises and equipment		5,224			35,197
Acquisition of premises and equipment		(97,735	)		(111,109	)
Disposal of intangible assets		964			333
Acquisition of intangible assets		(73,204	)		(80,612	)
Disposal of assets held for sale		58,447			17,201
Net increase(decrease) of other assets		(16,777	)		28,008

Net cash inflow(outflow) from investing activities		(886,189	)		3,918,200

Cash flows from financing activities:
Net cash in(out)-flows from hedging activities		64,095			(425	)
Net increase in borrowings		5,188,123			2,529,754
Issuance of debentures		25,328,338			17,627,111
Redemption of debentures		(22,655,019	)		(16,339,027	)
Redemption of lease liabilities		(149,691	)		(117,119	)
Net increase(decrease) of other liabilities		931			(286	)
Acquisition of treasury stocks		(200,000	)		(149,860	)
Dividends paid		(714,990	)		(634,898	)
Issuance of hybrid securities		—			398,789
Redemption of hybrid securities		(200,000	)		(940,000	)
Dividends paid to hybrid securities		(120,996	)		(123,421	)
Dividends paid to non-controlling interest		(16	)		(999	)
Changes in non-controlling interests		(1,630	)		—
Net increase in non-controlling equity liabilities		—			3,539

Net cash inflow from financing activities		6,539,145			2,253,158

Effects of exchange rate changes on cash and cash equivalents		1,628,257			(937,332	)

Net increase(decrease) in cash and cash equivalents		(241,699	)		2,727,376

Cash and cash equivalents, beginning of the period		38,499,679			27,281,123

Cash and cash equivalents, end of the Period (Note 6)		38,257,980			30,008,499

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

- 9 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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 Service 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 issued shares		Exchange ratio per share		Number of Parent company’s stocks
Woori Bank		676,000,000		1.0000000		676,000,000
Woori FIS Co., Ltd.		4,900,000		0.2999708		1,469,857
Woori Finance Research Institute Co., Ltd.		600,000		0.1888165		113,289
Woori Credit Information Co., Ltd.		1,008,000		1.1037292		1,112,559
Woori Fund Service Co., Ltd.		2,000,000		0.4709031		941,806
Woori Private Equity Asset Management Co., Ltd.		6,000,000		0.0877992		526,795

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.

- 10 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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.

On January 29, 2024, 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 Parent 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.

On July 1, 2025, the Parent company acquired 77.9% of the shares (excluding treasury shares; 75.3% including treasury shares) of Tongyang Life Insurance Co., Ltd. and 100% of the shares of ABL Life Insurance Co., Ltd. and included them as subsidiaries.

On July 31, 2025, the Parent company acquired the remaining shares (0.4%) of Woori Asset Trust Co., Ltd., pursuant to which Woori Asset Trust Co., Ltd. became a wholly-owned subsidiary of the parent company.

On November 28, 2025, the Parent Company acquired an additional (0.20%) minority interest in Woori Investment Securities Co., Ltd. As of December 19, 2025, the Parent Company additionally acquired (0.10%) of the treasury shares held by Woori Investment Securities Co., Ltd., as well as an additional (0.20%) minority interest.

On January 5, 2026 and March 13, 2026, the Company acquired the residual interest (0.1%) of Woori Investment Securities Co., Ltd., to make it a wholly owned subsidiary.

(2)	Details of the Parent company and subsidiaries (hereinafter ‘Group’) as of June 30, 2026 and December 31, 2025 are as follows:

Percentage of ownership
(%)

Location

Financial
statements date

Subsidiaries

Main business

June 30,
2026

December 31,
2025

Held by Woori Financial Group Inc.

Woori Bank

Bank

100.0

Korea

June 30

Tongyang Life Insurance Co., Ltd. (*1)

Life insurance

77.9

Korea

June 30

Woori Card Co., Ltd.

Finance

100.0

Korea

June 30

Woori Financial Capital Co., Ltd.

Finance

100.0

Korea

June 30

Woori Investment Securities Co., Ltd. (*1)

Securities brokerage

100.0

99.9

Korea

June 30

- 11 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

Percentage of ownership
(%)

Location

Financial
statements date

Subsidiaries

Main business

June 30,
2026

December 31,
2025

ABL Life Insurance Co., Ltd. (*1)

Life insurance

100.0

Korea

June 30

Woori Asset Trust Co., Ltd

Real estate trust

100.0

Korea

June 30

Woori Savings Bank

Mutual saving bank

100.0

Korea

June 30

Woori Financial F&I Co., Ltd.

Finance

100.0

Korea

June 30

Woori Asset Management Corp.

Finance

100.0

Korea

June 30

Woori Venture Partners

Other financial services

100.0

Korea

June 30

Woori Private Equity Asset Management Co., Ltd.

Finance

100.0

Korea

June 30

Woori Credit Information Co., Ltd.

Credit information

100.0

Korea

June 30

Woori Fund Service Co., Ltd.

Financial support service business

100.0

Korea

June 30

Woori FIS Co., Ltd.

System software development & maintenance

100.0

Korea

June 30

Woori Finance Research Institute Co., Ltd.

Other service business

100.0

Korea

June 30

Held by Woori Bank

Woori America Bank

Finance

100.0

America

June 30

Woori Global Markets Asia Limited

Finance

100.0

Hong Kong

June 30

Woori Bank China Limited

Finance

100.0

China

June 30

AO Woori Bank (*7)

Finance

100.0

Russia

June 30

PT Bank Woori Saudara Indonesia 1906 Tbk

Finance

90.8

Indonesia

June 30

Banco Woori Bank do Brasil S.A.

Finance

100.0

Brazil

June 30

Korea BTL Infrastructure Fund

Finance

99.9

Korea

June 30

Woori Finance Myanmar Co., Ltd.

Finance

100.0

Myanmar

June 30

Wealth Development Bank

Finance

51.0

Philippines

June 30

Woori Bank Vietnam Limited

Finance

100.0

Vietnam

June 30

Woori Bank (Cambodia) PLC

Finance

100.0

Cambodia

June 30

Woori Bank Europe

Finance

100.0

Germany

June 30

KAMCO Value Recreation First Securitization Specialty Co., Ltd. (*2) (*5)

Asset securitization

0.0

15.0

Korea

—

Jeonju Iwon Ltd. (*2)

Asset securitization

0.0

Korea

June 30

Wonju I one Inc. (*2)

Asset securitization

0.0

Korea

June 30

Heitz Third Co., Ltd. (*2)

Asset securitization

0.0

Korea

June 30

Woori hansoop 1st Co., Ltd. (*2)

Asset securitization

0.0

Korea

June 30

Woori QS 1st Co., Ltd. (*2)

Asset securitization

0.0

Korea

June 30

Woori Dream 2nd Co., Ltd. (*2)

Asset securitization

0.0

Korea

June 30

Woori K 1st Co., Ltd. (*2)

Asset securitization

0.0

Korea

June 30

Woori Display 3rd Co., Ltd. (*2)(*5)

Asset securitization

0.0

Korea

—

Woori HW 1st Co., Ltd. (*2)

Asset securitization

0.0

Korea

June 30

Woori Dream 3rd Co., Ltd. (*2)

Asset securitization

0.0

Korea

June 30

Woori SJS 1st Co., Ltd. (*2) (*5)

Asset securitization

0.0

Korea

—

SPG the 1st Co., Ltd. (*2)

Asset securitization

0.0

Korea

June 30

Woori-HWC 1st Co., Ltd. (*2)

Asset securitization

0.0

Korea

June 30

Woori HC 3rd Co., Ltd. (*2)

Asset securitization

0.0

Korea

June 30

Woori HC 4th Co., Ltd. (*2)

Asset securitization

0.0

Korea

June 30

Woori SKR 1st Co., Ltd. (*2)

Asset securitization

0.0

Korea

June 30

Woori H chemical 1st Co.,Ltd (*2)

Asset securitization

0.0

Korea

June 30

HE the 1st Co.,Ltd. (*2)

Asset securitization

0.0

Korea

June 30

Woori Hub The 1st Co., Ltd. (*2)

Asset securitization

0.0

Korea

June 30

Woori K The 3rd Co., Ltd. (*2)

Asset securitization

0.0

Korea

June 30

Woori KF 1st Co., Ltd. (*2)

Asset securitization

0.0

Korea

June 30

Woori L Yongsan 1st Co., Ltd. (*2)

Asset securitization

0.0

Korea

June 30

Woori HP the 1st co.,Ltd. (*2)

Asset securitization

0.0

Korea

June 30

Woori KF 2nd Co., Ltd. (*2)

Asset securitization

0.0

Korea

June 30

Woori HW 2nd co., Ltd. (*2)

Asset securitization

0.0

Korea

June 30

- 12 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

Percentage of ownership
(%)

Location

Financial
statements date

Subsidiaries

Main business

June 30,
2026

December 31,
2025

Woori HR 2nd Co., Ltd. (*2)

Asset securitization

0.0

Korea

June 30

Woori QS 2nd Co., Ltd. (*2)

Asset securitization

0.0

Korea

June 30

Woori Plasma 1st Co., Ltd. (*2)

Asset securitization

0.0

Korea

June 30

Woori EUGENE 1st Co.,Ltd (*2)

Asset securitization

0.0

Korea

June 30

WOORIWON 1ST, CO,.LIMITED. (*2)

Asset securitization

0.0

Korea

June 30

WOORI ENERBILITY 1ST, CO,.LIMITED. (*2)

Asset securitization

0.0

Korea

June 30

WOORI HL 1ST, CO,.LIMITED. (*2)

Asset securitization

0.0

Korea

June 30

WOORI PARC1. 2ND CO.,LTD (*2)

Asset securitization

0.0

Korea

June 30

WOORI HEROS 1ST CO.,LTD. (*2)

Asset securitization

0.0

Korea

June 30

WOORI GANGNAM ALPHA 1ST CO.,LTD. (*2)

Asset securitization

0.0

Korea

June 30

WOORI BLOSSOM 1ST CO.,LTD. (*2)

Asset securitization

0.0

Korea

June 30

WOORI DK 1ST CO.,LTD. (*2)

Asset securitization

0.0

Korea

June 30

WOORI TECHONE 1ST CO.,LTD (*2)

Asset securitization

0.0

Korea

June 30

WOORI TECHONE 2ND CO.,LTD (*2)

Asset securitization

0.0

Korea

June 30

WOORI SONO 1ST CO.,LTD (*2)

Asset securitization

0.0

Korea

June 30

WOORI SEOUL STATION AREA 1ST, CO,.LTD. (*2)

Asset securitization

0.0

Korea

June 30

WOORI NC 1ST CO.,LTD. (*2)

Asset securitization

0.0

Korea

June 30

WOORI ELE 1ST CO.,LTD. (*2)(*10)

Asset securitization

0.0

Korea

June 30

WOORI AP 1ST CO.,LTD (*2)(*10)

Asset securitization

0.0

Korea

June 30

WOORI STEEL 2ND CO.,LTD. (*2)(*10)

Asset securitization

0.0

Korea

June 30

WOORI KF 3RD CO.,LTD (*2)(*10)

Asset securitization

0.0

Korea

June 30

WOORI KOREA 1ST CO.,LTD (*2)(*10)

Asset securitization

0.0

Korea

June 30

WOORI XI 1ST CO.,LTD. (*2)(*10)

Asset securitization

0.0

Korea

June 30

WOORI DREAM BIG 1^ST CO.,LTD (*2)(*10)

Asset securitization

0.0

Korea

June 30

WOORI PROPERTY 1^ST CO.,LTD. (*2)(*10)

Asset securitization

0.0

Korea

June 30

Heungkuk Global Private Placement Investment Trust No. 1 (*3)

Securities investment and others

98.8

Korea

June 30

AI Partners UK Water Supply Private Placement Investment Trust No.2 (*3)

Securities investment and others

97.3

Korea

June 30

Mirae Asset Multi Overseas Real Estate General Private Investment Trust No. 5-2 (*3)

Securities investment and others

99.0

Korea

June 30

IGIS Australia Investment Trust No. 209-1 (*3)

Securities investment and others

99.4

Korea

June 30

JB Airline Private Placement Investment Trust No.8 (*3) (*5)

Securities investment and others

0.0

97.0

Korea

—

Kiwoom Harmony Private Placement Investment Trust No. 1 (*3)

Securities investment and others

97.7

Korea

June 30

Kiwoom Harmony Private Placement Investment Trust No. 4 (*3)

Securities investment and others

96.2

Korea

June 30

Kiwoom Harmony Private Placement Investment Trust No. 9 (*3)

Securities investment and others

100.0

Korea

June 30

Woori Partners General Type Private Investment Trust No.4 (*3)

Securities investment and others

99.0

Korea

June 30

Woori Partners General Type Private Investment Trust No.5 (*3) (*10)

Securities investment and others

99.0

—

Korea

June 30

Principal Guaranteed Trust (*4)

Trust

0.0

Korea

June 30

- 13 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

Percentage of ownership
(%)

Location

Financial
statements date

Subsidiaries

Main business

June 30,
2026

December 31,
2025

Principal and Interest Guaranteed Trust (*4)

Trust

0.0

Korea

June 30

Held by Mirae Asset Multi Overseas Real Estate General Private Investment Trust No. 5-2

MAGI No.5 LuxCo S.a.r.l.

Asset securitization

54.6

Luxembourg

June 30

Held by MAGI No.5 LuxCo S.a.r.l.

ADP 16 Brussels (*5)

Asset securitization

—

100.0

Belgium

—

Held by Woori ESG Infrastructure Development General Private Investment Trust No. 1:

Woori Global Infrastructure Development Co., Ltd.

Other financial services

100.0

Korea

June 30

Namyangju Resource Circulation Facility Development Co., Ltd.

Other professional services

100.0

Korea

June 30

Held by Woori Card Co., Ltd.

TUTU Finance –WCI Myanmar Co., Ltd.

Finance

100.0

Myanmar

June 30

PT Woori Finance Indonesia Tbk.

Finance

84.5

Indonesia

June 30

Woori Card 2022-2 Asset Securitization Specialty Co., Ltd. (*2)

Asset securitization

0.5

Korea

June 30

Woori Card 2023-1 Asset Securitization Specialty Co., Ltd. (*2)

Asset securitization

0.5

Korea

June 30

Woori Card 2023-2 Asset Securitization Specialty Co., Ltd. (*2) (*5)

Asset securitization

—

0.5

Korea

—

Woori Card 2024-1 Asset Securitization Specialty Co., Ltd. (*2)

Asset securitization

0.5

Korea

June 30

Woori Card 2026-1 Asset Securitization Specialty Co., Ltd. (*2) (*10)

Asset securitization

0.5

—

Korea

June 30

Held by Woori Financial Capital Co., Ltd.

Specified Money Market Trust

Trust

100.0

Korea

June 30

Held by Woori Investment Securities Co., Ltd.

Seari Second Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

Namjong 1st Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

Bukgeum First Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

Bukgeum Second Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WS1909 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WS2003 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WS2006 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WH2103 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WN2103 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WH2106 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WiBee AK 1st Co.,Ltd. (*2)

Asset securitization

0.0

Korea

June 30

WiBee Sae-A 1st Co., Ltd (*2)

Asset securitization

0.0

Korea

June 30

WiBee Central 1st Co., Ltd (*2)

Asset securitization

0.0

Korea

June 30

- 14 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

Percentage of ownership
(%)

Location

Financial
statements date

Subsidiaries

Main business

June 30,
2026

December 31,
2025

WiBee Retail 1st Co., Ltd (*2)

Asset securitization

0.0

Korea

June 30

WiBee Smile AP 1st Co., Ltd (*2)

Asset securitization

0.0

Korea

June 30

Bridge Beta 1st Co., Ltd (*2)

Asset securitization

0.0

Korea

June 30

WiBee World 1st Co., Ltd. (*2)(*10)

Asset securitization

0.0

—

Korea

June 30

Balance Beta 1st Co., Ltd. (*2)(*10)

Asset securitization

0.0

—

Korea

June 30

Woori DS Banpo 1st Co., Ltd(*2)(*10)

Asset securitization

0.0

—

Korea

June 30

Pamerino 1st Co., Ltd (*2)(*10)

Asset securitization

0.0

—

Korea

June 30

Held by Tongyang Life Insurance Co., Ltd.

Tongyang Life Financial Service Co., Ltd

Insurance agents and brokers

100.0

Korea

June 30

Held by ABL Life Insurance Co., Ltd.

ABA Financial Service Co., Ltd

Insurance agents and brokers

100.0

Korea

June 30

Alceon Real Property Blind General Type Private Placement Investment Trust (*3) (*5)

Securities investment and others

—

100.0

Korea

—

Woori Park Square Payton General Type Private Investment Trust (*3)

Securities investment and others

100.0

Korea

June 30

Woori Pantheon Metrics General Type Private Investment Trust (*3)

Securities investment and others

100.0

Korea

June 30

Held by Woori Asset Management Corp.

Woori Rooftop Solar Private Special Asset Investment Trust No.1 (*3)

Securities investment and others

40.1

Korea

June 30

Woori Following Foreigners Securities Sub-Investment Master Fund [Equity] (*3) (*5)

Securities investment and others

—

100.0

Korea

—

Woori Following Foreigners 40 Securities Sub-Investment Trust [Bond Mixed-Fund of Funds] Class C-F (*3) (*5)

Securities investment and others

—

31.3

Korea

—

Woori Following Foreigners Securities Sub-Investment Trust [Equity] Class C-F (*3)

Securities investment and others

71.7

75.6

Korea

June 30

Woori Together TDF 2060 (*3)(*10)

Securities investment and others

69.6

—

Korea

June 30

Woori Physical AI BIG2 Plus Securities Investment Trust (Bond Balanced) Class C-F (*3)(*10)

Securities investment and others

100.0

—

Korea

June 30

Held by Woori Financial F&I Co., Ltd.

WI2203 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WM2203 Asset Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WNI2206 Asset Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WI2209 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WN2212 Asset Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WK2212 Asset Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WH2306 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

- 15 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

Percentage of ownership
(%)

Location

Financial
statements date

Subsidiaries

Main business

June 30,
2026

December 31,
2025

WN2306 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WNKN2309 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WB2309 Securitization Specialty Co., Ltd.(*2)

Asset securitization

5.0

Korea

June 30

WI2311 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WSB2312 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WK2312 Asset Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WBS2312 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WK2403 Asset Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WH2403 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WSB2406 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WK2406 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WI2406 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WKN2406 Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WS2409 Asset Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WSB2409 Asset Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WDSB2503 Asset Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WHKN2506 Asset Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WK2509 Asset Securitization Specialty Co.,Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WH2509 Asset Securitization Specialty Co.,Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WI2511 Asset Securitization Specialty Co., Ltd. (*2)

Asset securitization

5.0

Korea

June 30

WH2603 Asset Securitization Specialty Co., Ltd. (*2)(*10)

Asset securitization

5.0

—

Korea

June 30

WI2603 Asset Securitization Specialty Co., Ltd. (*2)(*10)

Asset securitization

5.0

—

Korea

June 30

WK2606 Asset Securitization Specialty Co., Ltd. (*2)(*10)

Asset securitization

5.0

—

Korea

June 30

WI2606 Asset Securitization Specialty Co., Ltd. (*2)(*10)

Asset securitization

5.0

—

Korea

June 30

VOGO DL General Private Equity Investment Trust 1(*3)(*5)

Securities investment and others

—

99.4

Korea

—

WFBS 1st Corporate Recovery Private Equity Fund (*3)

Finance

96.2

Korea

June 30

Held by Woori Venture Partners Co.,Ltd.

Woori Venture Partners US

Other financial services

100.0

America

June 30

Held by Woori Bank, Woori Financial Capital Co., Ltd., and Woori Private Equity Asset Management Co., Ltd. (*6)

Green ESG Growth No.1 Private Equity Fund(*3)

Securities investment and others

32.1

32.7

Korea

June 30

Woori New Growth Credit Fund 1(*3)

Securities investment and others

100.0

Korea

June 30

Woori PE Secondary Fund 1 (*3)

Securities investment and others

100.0

Korea

June 30

- 16 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

Percentage of ownership
(%)

Location

Financial
statements date

Subsidiaries

Main business

June 30,
2026

December 31,
2025

Held by Woori Financial Capital Co., Ltd., Woori Private Equity Asset Management Co., Ltd. and Woori Investment Securities Co., Ltd. (*6)

Japanese Hotel Real Estate Private Equity Fund 1 (*3) (*5)

Securities investment and others

—

100.0

Korea

—

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)

Woori Innovative Growth Professional Investment Type Private Investment Trust No.1 (*3)

Securities investment and others

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)

Woori Innovative Growth Professional Investment Type Private Investment Trust No.2 (*3)

Securities investment and others

85.0

Korea

June 30

Woori Innovative Growth New Deal Private Investment Trust No.3 (*3)

Securities investment and others

94.3

Korea

June 30

Held by Woori Bank, Woori Financial Capital Co., Ltd., and Woori Investment Securities Co., Ltd. (*6)

Woori GP Commitment Loan General Type Private Investment Trust No.1 (*3)

Securities investment and others

100.0

Korea

June 30

Woori Equity Bridge Loan General Type Private Investment Trust No.1 (*3)(*5)

Securities investment and others

—

80.0

Korea

—

Woori GP Commitment Loan General Type Private Investment Trust No.2 (*3)

Securities investment and others

100.0

Korea

June 30

Woori GP Commitment Loan General Type Private Investment Trust No.3 (*3)

Securities investment and others

100.0

Korea

June 30

Woori Junior Equity General Type Private Investment Trust (*3)

Securities investment and others

100.0

Korea

June 30

Woori Top-Class Senior and Junior Loan Private Investment Trust (*3)

Securities investment and others

100.0

Korea

June 30

Woori Top-Class Equity Fund of Funds Private Investment Trust (*3)

Securities investment and others

100.0

Korea

June 30

Woori National Growth Matching General Private Investment Trust No.1 (*3) (*10)

Securities investment and others

100.0

—

Korea

June 30

Held by Woori Bank, Woori Financial Capital Co., Ltd., and Woori Asset Management Corp. (*6)

Woori New Deal(Infrastructure) Policy Fund No.1(*3)

Securities investment and others

70.0

Korea

June 30

- 17 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

Percentage of ownership
(%)

Location

Financial
statements date

Subsidiaries

Main business

June 30,
2026

December 31,
2025

Held by Woori bank and Woori Investment Securities Co., Ltd. (*6)

Woori Global Development Infrastructure Synergy Company Private Placement Investment Trust No.1 (*3)

Securities investment and others

100.0

Korea

June 30

Woori NorthAmerica Infra Private Placement Investment Trust No. 1 (*3)

Securities investment and others

100.0

Korea

June 30

Woori Infrastructure New Deal Specialized Investment Private Equity Investment Trust No. 1 (*3)

Securities investment and others

100.0

Korea

June 30

Woori General Type Private Real Estate Investment Trust No.2 (*3)

Securities investment and others

30.1

Korea

June 30

Woori ESG Infrastructure Development General Type Private Investment Trust No.1 (*3)

Securities investment and others

100.0

Korea

June 30

Woori Real Estate Blind Investment General Type Private Investment Trust No.1 (*3)

Securities investment and others

100.0

Korea

June 30

Woori Corporate Private Debt Investment Trust No. 1(*3) (*10)

Securities investment and others

100.0

—

Korea

June 30

Held by Woori bank (*6)

Woori WooriBank Partners General Type Private Investment Trust No.1 (*3) (*5)

Securities investment and others

—

92.6

Korea

June 30

Woori General Type Private Real Estate Investment Trust No.1 (*3)

Securities investment and others

86.8

Korea

June 30

Woori Global Mid-market Secondary General Type Private Investment Trust No.1 (*3)

Securities investment and others

80.0

Korea

June 30

Woori Woori Bank Partners Professional Type Private Investment Trust No. 2 (*3)

Securities investment and others

90.9

Korea

June 30

Woori General Type Private Real Estate Investment Trust No.5 (*3)

Securities investment and others

87.0

Korea

June 30

Woori Global Secondary Private Placement Investment Trust No. 1 (*3)

Securities investment and others

98.8

Korea

June 30

Woori Japan Blind General Type Private Real Estate Feeder Investment Trust No.1 (*3)

Securities investment and others

99.9

Korea

June 30

Woori Clean Energy General Type Private Investment Trust No.2 (*3) (*5)

Securities investment and others

—

30.8

Korea

—

Woori ESG Infrastructure Development General Type Private Investment Trust No.2 (*3)

Securities investment and others

50.0

Korea

June 30

Woori Dongbu Underground Expressway General type Private Special Asset Investment Trust (*3)

Securities investment and others

40.0

Korea

June 30

Woori Partners General Private Investment Trust No. 3 (*3)

Securities investment and others

90.9

Korea

June 30

Woori Natixis Partnership Global Private Debt Fund No. 1-1(USD) (*3)

Securities investment and others

80.0

Korea

June 30

Woori Natixis Partnership Global Private Debt Fund No. 1-2(EUR) (*3)

Securities investment and others

80.0

Korea

June 30

- 18 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

Percentage of ownership
(%)

Location

Financial
statements date

Subsidiaries

Main business

June 30,
2026

December 31,
2025

Woori General Type Private Real Estate Investment Trust No.7 (*3)

Securities investment and others

87.0

Korea

June 30

Woori Baran-Namyang Expressway Private Special Asset Investment Trust (*3)

Securities investment and others

47.0

Korea

June 30

Woori Future City General Type Private Investment Trust No.1 (*3)(*10)

Securities investment and others

80.0

—

Korea

June 30

Held by Woori Bank and Tongyang Life Insurance Co., Ltd. (*6)

Woori Senior Loan General Type Private Investment Trust No.2 (*3)

Securities investment and others

54.0

Korea

June 30

Woori Senior Loan General Type Private Investment Trust No.3 (*3)

Securities investment and others

47.3

Korea

June 30

Held by ABL Life Insurance Co., Ltd. (*6)

Woori MDF V General Type Private Real Estate Investment Trust (*3)

Securities investment and others

50.0

Korea

June 30

Woori NewGen Energy ABL Private Investment Trust (*3)

Securities investment and others

33.3

Korea

June 30

Held by Woori Bank and Woori Financial Capital Co., Ltd. (*6)

Woori Renewable New Deal Fund No.1 (*3)

Securities investment and others

60.0

Korea

June 30

Woori Equity Investment General Type Private Investment Trust No.1 (*3)

Securities investment and others

100.0

Korea

June 30

Woori Busan Logistics Infra Private Placement Special Asset Investment Trust (*3)

Securities investment and others

100.0

Korea

June 30

Woori Fund Financing General Type Private Investment Trust (*3)

Securities investment and others

99.3

Korea

June 30

Held by Woori Bank and Woori Asset Management Corp. (*6)

Woori General Type Private Real Estate Investment Trust No.6 (*3)

Securities investment and others

85.8

Korea

June 30

Woori Innovation Growth(Infrastructure) General Type Private Investment Trust No.2 (*3)

Securities investment and others

46.4

Korea

June 30

Held by Woori bank, Woori Investment Securities Co., Ltd., and Woori Asset Management Corp. (*6)

Woori Real Estate Financial Stabilization General Private Investment Trust No. 1 (*3)

Securities investment and others

100.0

Korea

June 30

Woori Real Estate Financial Stabilization General Private Investment Trust No. 2 (*3)

Securities investment and others

100.0

Korea

June 30

Held by Woori Bank, Woori Card Co., Woori Investment Securities Co., Ltd. and Woori Financial Capital Co., Ltd. (*6)

Woori FG Digital Investment Fund 1st (*3)

Securities investment and others

100.0

Korea

June 30

- 19 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

Percentage of ownership
(%)

Location

Financial
statements date

Subsidiaries

Main business

June 30,
2026

December 31,
2025

Woori FG DINNO Lab Fund 1st (*3)

Securities investment and others

100.0

Korea

June 30

Woori FG DINNO Lab Fund 2nd (*3)

Securities investment and others

100.0

Korea

June 30

Held by Woori Bank, Woori Card Co., Woori Investment Securities Co., Ltd., Tongyang Life Insurance Co., Ltd. and Woori Financial Capital Co., Ltd. (*6)

Woori FG DINNO Lab Fund 3rd (*3) (*10)

Securities investment and others

100.0

—

Korea

June 30

Held by Woori Bank, Woori Financial Capital Co., Ltd. and Tongyang Life Insurance Co., Ltd. (*6)

Woori Senior Loan Private Placement Investment Trust No.1 (*3)

Securities investment and others

32.0

Korea

June 30

Held by Woori Bank, Woori Card Co., Woori Financial Capital Co., Ltd., Woori Investment Securities Co., Ltd., Tongyang Life Insurance Co., Ltd., ABL Life Insurance Co., Ltd. and Woori Asset Management Co., Ltd. (*6)

Woori Future Co-Growth High-tech Strategic Industries Private Investment Trust (*3)

Securities investment and others

100.0

Korea

June 30

Held by Woori Bank and Woori Private Equity Asset Management Co., Ltd. (*6)

Woori Corporate Turnaround No.1 Private Equity Fund (*3)

Securities investment and others

35.3

Korea

June 30

Held by Woori Bank, Woori Financial Capital Co., Ltd., Woori Venture Partners Co., Ltd. (*6)

Woori 2026 Global Venture Fund (*3)(*10)

Other financial services

100.0

—

Korea

June 30

Held by Woori Bank, Woori Asset Management Corp., Woori Investment Securities Co., Ltd., ABL Life Insurance Co., Ltd. (*6)

Woori Regional Development Infrastructure Fund No.1 (*3)(*10)

Other financial services

100.0

Korea

June 30

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

Korea

June 30

Held by Woori Private Placement Investment Trust No. 3

GK Woorido(*3)

Other financial services

100.0

Japan

March 31 (*9)

(*1)

On January 5 and March 13, 2026, the Parent Company acquired the remaining shares (0.1%) of Woori Investment Securities Co., Ltd., thereby making Woori Investment Securities Co., Ltd. a wholly owned subsidiary of the Parent Company. In 2025, the Parent Company acquired 77.9% of the shares (excluding treasury shares; 75.3% including treasury shares) of Tongyang Life Insurance Co., Ltd. and 100% of the shares of ABL Life Insurance Co., Ltd., thereby including them as subsidiaries.

- 20 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(*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, 2026.

(*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.

(*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, 2026, 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 as of the reporting date were used.

(*10)

Companies are included in the consolidation during the period ended June 30, 2026.

(3)	The Group has not consolidated the following entities as of June 30, 2026 and December 31, 2025 despite having more than 50% ownership interest:


	As of June 30, 2026
Subsidiaries	Location	Main Business	Percentage of 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		77.3
Kiwoom Aurora General 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
Hangang Green Environment Private Placement Special Asset Investment Trust (*1)	Korea	Securities Investment		50.0
KB Social Infra BTL private placement Special Asset Investment Trust(*1)	Korea	Securities Investment		78.7
KIAMCO Daejang Hongdaeseon Private Special Asset Investment Trust (*1)	Korea	Securities Investment		76.6
KB Nongsok Sewage Treatment Facility Private Special Asset Investment Trust (*1)	Korea	Securities Investment		80.0
Pacific No.70 General Private Real Estate Investment Trust (*1)	Korea	Securities Investment		53.8

- 21 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


	As of June 30, 2026
Subsidiaries	Location	Main Business	Percentage of ownership (%)
Rifa Qualified Investors Private Real Estate Investment Trust No.40 (*2)	Korea	Securities Investment		55.0
Alceon Australia Alternative General Private Investment Trust No.1 (*2)	Korea	Securities Investment		100.0
KB NA Sound Point Private Special Asset Fund 3(*2)	Korea	Securities Investment		100.0
Alceon Australia RDS General Type Private Placement Investment Trust 1(*2)	Korea	Securities Investment		100.0
NH-Amundi Transport Infra Private Fund No. 1 (*2)	Korea	Securities Investment		100.0
Hanwha Global Infrastructure Private Fund 39 (*2)	Korea	Securities Investment		100.0
Alceon Dorchester Credit Secondary General Type Private Placement Investment Trust (*2)	Korea	Securities Investment		100.0
Alceon PRISM Global Credit Secondary General Type Private Placement Investment Trust (*2)	Korea	Securities Investment		100.0
Alceon Australia Alternative General Private Investment Trust No.2 (*2)	Korea	Securities Investment		99.9
Alceon Digital Infrastructure General Type Private Placement Investment Trust (*2)	Korea	Securities Investment		99.9
IGIS Global Secondary Private Investment Trust No. 504-1 (*2)	Korea	Securities Investment		99.9
Alceon Park Square Europe Private Credit General Type Private Placement Investment Trust (*2)	Korea	Securities Investment		99.9
Alpha Private Debt Blind General Private Investment Trust (*2)	Korea	Securities Investment		99.8
Alceon SOF III General Type Private Placement Investment Trust (*2)	Korea	Securities Investment		99.9
IGIS European Private Placement Real Estate Investment Trust No. 521-1 (*2)	Korea	Securities Investment		99.7
IGIS European Private Placement Real Estate Investment Trust No. 521-2 (*2)	Korea	Securities Investment		99.7
NH-Amundi Europe Direct Lending Private Fund No. 4 (*2)	Korea	Securities Investment		99.5
Koramco Europe Infra Private Special Asset Investment Trust No. 1 (*2)	Korea	Securities Investment		99.0
Koramco Global Infra Private Special Asset Investment Trust No. 1 (*2)	Korea	Securities Investment		99.0
Koramco Global Private Credit Private Special Asset Investment Trust No. 1-1 (*2)	Korea	Securities Investment		99.0
Kiwoom ASM Private Investment Trust[FoFs] (*2)	Korea	Securities Investment		98.1
KEB Hana Bank as trustee of Hyundai Investments Private Fund No.41 (*2)	Korea	Securities Investment		55.6
IBK SeAH Solar Power Generation Private Securities Investment Fund(SOC) (*1)	Korea	Securities Investment		50.0
Koramco PRISM Real Estate Debt Blind Private Real Estate Investment Trust (*2)	Korea	Securities Investment		99.9
Koramco Global Private Credit Private Special Asset Investment Trust No. 1-2 (*2)	Korea	Securities Investment		99.0
Kiwoom PRISM General Private Investment Trust (*2)	Korea	Securities Investment		99.9
Kookmin Bank acting as Trustee of Kiwoom Andante Private Investment Trust (*2)	Korea	Securities Investment		99.8
Kookmin Bank Acting as Trustee of Kiwoom Moderato Private Securities Investment Trust I (*2)	Korea	Securities Investment		99.7
Kiwoom Europe Infra A.I. Private Type Investment Trust III (*2)	Korea	Securities Investment		99.8
Kiwoom Global Infra A.I. Private Type Investment Trust II (*2)	Korea	Securities Investment		98.8
Kookmin Bank acting as Trustee of Kiwoom AGPS Private Investment Trust (*2)	Korea	Securities Investment		99.9
Kiwoom Europe Infra A.I. Private Type Investment Trust IX (*2)	Korea	Securities Investment		98.1
Alceon Real Infrastructure Blind General Type Private Placement Investment Trust (*2)	Korea	Securities Investment		100.0
Hanwha Global Infrastructure Private Fund 31 (*2)	Korea	Securities Investment		98.4
IGIS U.S. Private Placement Real Estate Investment Trust No. 469-1 (*2)	Korea	Securities Investment		99.6
IGIS U.S. Private Placement Real Estate Investment Trust No. 469-2 (*2)	Korea	Securities Investment		99.6
Alceon Australia RDS General Type Private Placement Investment Trust 2 (*2)	Korea	Securities Investment		99.9
Alceon Australia RDS General Type Private Placement Investment Trust 3 (*2)	Korea	Securities Investment		99.3
KB NB Private Investment Trust No. 4 (*2)	Korea	Securities Investment		57.1
KB Sound Point Strategic Private Special Asset Fund 1 (*2)	Korea	Securities Investment		99.9
Alceon Real Property Blind General Type Private Placement Investment Trust (*2)	Korea	Securities Investment		100.0
Woori PE APA Private Investment Trust (*2)	Korea	Securities Investment		99.8
AP K-Beauty Investment Fund 1 (*5)	Korea	Securities Investment		68.2
Renaissance KOSDAQ Venture Beauty Privately Placed Fund (*1)	Korea	Securities Investment		88.9
Hanwha Abu Dhabi Gas Infrastructure General Private Special Asset Investment Trust No.1 (*1)	Korea	Securities Investment		62.2
Dabi Hana Inje Gwan-sa BTL Private Special Asset Investment Trust (*1)	Korea	Securities Investment		50.0
KIAMCO Siwha Jeongwang Logistics Development Private Real Estate Investment Trust No.1 (*1)	Korea	Securities Investment		50.0

- 22 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(*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, one of the parties holds substantive removal rights and can remove the collective investment business operator. Consequently, the Group has no control as it exercises decision-making rights as agent.

(*5)

Decision-making authority over investment-related activities of the investment partnership is vested in the general partner, and the Group cannot directly or indirectly determine the relevant activities of the partnership. In addition, the authority of the general partner cannot be regarded as being exercised solely for the benefit of the Group. Therefore, even if the Group holds a majority ownership interest, it does not have power over the relevant activities of the partnership and, accordingly, does not have control over the partnership.

- 23 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


	As of December 31, 2025
Subsidiaries	Location	Main Business	Percentage of 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		77.3
Kiwoom Aurora General 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
KB Nongsok Sewage Treatment Facility Private Special Asset Investment Trust (*1)	Korea	Securities Investment		80.0
KIAMCO Daejang Hongdaeseon Private Special Asset Investment Trust (*1)	Korea	Securities Investment		76.6
Renaissance KOSDAQ Venture Beauty Privately Placed Fund (*1)	Korea	Securities Investment		88.9
KIAMCO Siwha Jeongwang Logistics Development Private Real Estate Investment Trust No.1 (*2)	Korea	Securities Investment		50.0
Dabi Hana Inje Gwan-sa BTL Private Special Asset Investment Trust (*2)	Korea	Securities Investment		50.0
Alceon Australia Alternative General Private Investment Trust No.1 (*2)	Korea	Securities Investment		100.0
KB NA Sound Point Private Special Asset Fund 3(*2)	Korea	Securities Investment		100.0
Alceon Australia RDS General Type Private Placement Investment Trust 1(*2)	Korea	Securities Investment		100.0
NH-Amundi Transport Infra Private Fund No. 1 (*2)	Korea	Securities Investment		100.0
Hanwha Global Infrastructure Private Fund 39 (*2)	Korea	Securities Investment		100.0
Alceon Dorchester Credit Secondary General Type Private Placement Investment Trust (*2)	Korea	Securities Investment		100.0
Alceon PRISM Global Credit Secondary General Type Private Placement Investment Trust (*2)	Korea	Securities Investment		99.9
Alceon Australia Alternative General Private Investment Trust No.2 (*2)	Korea	Securities Investment		99.9
Alceon Digital Infrastructure General Type Private Placement Investment Trust (*2)	Korea	Securities Investment		99.9
IGIS Global Secondary Private Investment Trust No. 504-1 (*2)	Korea	Securities Investment		99.9
Alceon Park Square Europe Private Credit General Type Private Placement Investment Trust (*2)	Korea	Securities Investment		99.9
Alpha Private Debt Blind General Private Investment Trust (*2)	Korea	Securities Investment		99.8
Alceon SOF III General Type Private Placement Investment Trust (*2)	Korea	Securities Investment		99.8
IGIS European Private Placement Real Estate Investment Trust No. 521-1 (*2)	Korea	Securities Investment		99.7
IGIS European Private Placement Real Estate Investment Trust No. 521-2 (*2)	Korea	Securities Investment		99.7
NH-Amundi Europe Direct Lending Private Fund No. 4 (*2)	Korea	Securities Investment		99.5
Koramco Europe Infra Private Special Asset Investment Trust No. 1 (*2)	Korea	Securities Investment		99.0
Koramco Global Infra Private Special Asset Investment Trust No. 1 (*2)	Korea	Securities Investment		99.0

- 24 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


	As of December 31, 2025
Subsidiaries	Location	Main Business	Percentage of ownership (%)
Koramco Global Private Credit Private Special Asset Investment Trust No. 1-1 (*2)	Korea	Securities Investment		99.0
Kiwoom ASM Private Investment Trust[FoFs] (*2)	Korea	Securities Investment		98.1
KEB Hana Bank as trustee of Hyundai Investments Private Fund No.41 (*2)	Korea	Securities Investment		55.6
IBK SeAH Solar Power Generation Private Securities Investment Fund(SOC) (*2)	Korea	Securities Investment		50.0
Koramco PRISM Real Estate Debt Blind Private Real Estate Investment Trust (*2)	Korea	Securities Investment		99.9
Koramco Global Private Credit Private Special Asset Investment Trust No. 1-2 (*2)	Korea	Securities Investment		99.0
Kiwoom PRISM General Private Investment Trust (*2)	Korea	Securities Investment		99.9
Kookmin Bank acting as Trustee of Kiwoom Andante Private Investment Trust (*2)	Korea	Securities Investment		99.8
Kookmin Bank Acting as Trustee of Kiwoom Moderato Private Securities Investment Trust I (*2)	Korea	Securities Investment		99.7
Kiwoom Europe Infra A.I. Private Type Investment Trust III (*2)	Korea	Securities Investment		99.8
Kiwoom Global Infra A.I. Private Type Investment Trust II (*2)	Korea	Securities Investment		98.8
Kookmin Bank acting as Trustee of Kiwoom AGPS Private Investment Trust (*2)	Korea	Securities Investment		99.9
Kiwoom Europe Infra A.I. Private Type Investment Trust IX (*2)	Korea	Securities Investment		98.1
Alceon Real Infrastructure Blind General Type Private Placement Investment Trust (*2)	Korea	Securities Investment		100.0
Hanwha Global Infrastructure Private Fund 31 (*2)	Korea	Securities Investment		98.4
IGIS U.S. Private Placement Real Estate Investment Trust No. 469-1 (*2)	Korea	Securities Investment		99.6
IGIS U.S. Private Placement Real Estate Investment Trust No. 469-2 (*2)	Korea	Securities Investment		99.6
Alceon Australia RDS General Type Private Placement Investment Trust 2 (*2)	Korea	Securities Investment		50.5
Alceon Australia RDS General Type Private Placement Investment Trust 3 (*2)	Korea	Securities Investment		99.3
KB NB Private Investment Trust No. 4 (*2)	Korea	Securities Investment		57.1
Pacific No.70 General Private Real Estate Investment Trust (*1)	Korea	Securities Investment		53.8
Hanwha Abu Dhabi Gas Infrastructure General Private Special Asset Investment Trust No.1 (*1)	Korea	Securities Investment		62.2

(*1)

(*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)

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

- 25 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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, 2026				For the six-month period ended June 30, 2026
Subsidiaries	Assets		Liabilities		Operating revenue		Net income(loss) attributable to owners			Total comprehensive income(loss) attributable to owners
Woori Bank		531,262,370		499,717,338		21,189,268		1,372,953			3,072,125
Tongyang Life Insurance Co., Ltd.		35,508,712		32,689,280		2,444,577		98,082			725,715
Woori Card Co., Ltd.		18,510,113		15,544,678		1,228,555		94,479			110,446
Woori Financial Capital Co., Ltd.		12,985,257		11,103,927		972,245		76,897			77,805
Woori Investment Securities Co., Ltd.		12,701,392		10,473,876		395,540		24,725			26,989
ABL Life Insurance Co., Ltd.		19,340,202		18,533,065		2,047,754		16,698			125,761
Woori Asset Trust Co., Ltd.		319,277		66,121		43,021		13,555			13,802
Woori Savings Bank		2,265,290		2,046,253		67,990		11,323			11,201
Woori Financial F&I Co., Ltd.		1,642,156		1,305,478		37,941		(4,393	)		(4,393	)
Woori Asset Management Corp.		213,905		21,544		43,062		18,628			18,655
Woori Venture Partners Co., Ltd.		426,620		47,581		46,420		30,018			30,350
Woori Private Equity Asset Management Co., Ltd.		120,593		9,053		20,554		11,785			11,697
Woori Credit Information Co., Ltd.		44,427		6,677		17,480		5			136
Woori Fund Service Co., Ltd.		34,934		2,664		9,956		2,329			2,329
Woori FIS Co., Ltd.		54,858		8,692		91,400		(331	)		(374	)
Woori Finance Research Institute Co., Ltd.		6,134		2,811		4,578		(575	)		(596	)


	As of December 31, 2025				For the six-month period ended June 30, 2025
Subsidiaries	Assets		Liabilities		Operating revenue		Net income(loss) attributable to owners			Total comprehensive income(loss) attributable to owners
Woori Bank		502,846,197		473,158,744		20,717,495		1,557,693			1,261,801
Tongyang Life Insurance Co., Ltd. (*)		35,444,959		33,351,243		—		—			—
Woori Card Co., Ltd.		17,512,741		14,620,417		1,213,759		76,061			59,365
Woori Financial Capital Co., Ltd.		12,361,366		10,523,678		934,030		67,350			67,307
Woori Investment Securities Co., Ltd.		9,706,286		8,504,657		239,552		17,142			34,105
ABL Life Insurance Co., Ltd. (*)		19,609,549		18,928,173		—		—			—
Woori Asset Trust Co., Ltd.		302,661		63,308		39,516		(89,998	)		(90,050	)
Woori Savings Bank		2,061,407		1,853,571		66,894		11,232			12,021
Woori Financial F&I Co., Ltd.		1,271,613		930,542		41,601		2,064			2,064
Woori Asset Management Corp.		204,188		24,860		31,212		8,549			8,503
Woori Venture Partners Co., Ltd.		382,040		28,151		10,542		21,378			21,141
Woori Private Equity Asset Management Co., Ltd.		106,003		6,161		5,819		778			865
Woori Credit Information Co., Ltd.		45,455		7,581		18,720		293			144
Woori Fund Service Co., Ltd.		33,882		2,665		8,963		1,998			1,998
Woori FIS Co., Ltd.		52,554		6,015		88,319		(1,354	)		(1,365	)
Woori Finance Research Institute Co., Ltd.		7,469		3,550		4,373		(454	)		(467	)

(*)	Additional investment occurred and added it as a consolidated subsidiary during the year ended December 31, 2025.

- 26 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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, 2026 and December 31, 2025, the Group provides 2,849,028 million Won and 2,429,099 million Won of credit facilities, respectively, for the structured entities mentioned above. As of June 30, 2026 and December 31, 2025, the purchase commitment amounts to 5,104,588 million Won and 3,638,934 million Won, respectively.

- 27 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(6)	As of June 30, 2026 and December 31, 2025, 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):

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


	June 30, 2026		December 31, 2025
Woori Bank (*1)		1,406,512		1,406,512
Tongyang Life Insurance Co., Ltd.		466,339		305,892
Woori Investment Securities Co., Ltd. (*2)		—		1,386
PT Bank Woori Saudara Indonesia 1906 Tbk		82,540		89,767
Wealth Development Bank		22,835		22,292
PT Woori Finance Indonesia Tbk.		16,576		15,446

(*1)	Hybrid securities issued by Woori Bank

(*2)	Additional minority interests were acquired, resulting in the entity becoming a wholly owned subsidiary during the six-month period ended june 30, 2026.

Net income attributable to non-controlling interests


	For the six-month periods ended June 30
	2026			2025
Woori Bank (*)		42,929			47,749
Tongyang Life Insurance Co., Ltd.		21,712			—
Woori Investment Securities Co., Ltd.		4			84
Woori Asset Trust Co., Ltd.		—			(372	)
PT Bank Woori Saudara Indonesia 1906 Tbk		(8,184	)		(5,584	)
Wealth Development Bank		(204	)		(205	)
PT Woori Finance Indonesia Tbk.		746			593

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

Dividends to non-controlling interests


	For the six-month periods ended June 30
	2026		2025
Woori Bank (*)		42,929		47,749
PT Bank Woori Saudara Indonesia 1906 Tbk		—		983
Others		16		16

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

- 28 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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 Financial Reporting for some 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, 2025 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, 2026, the Group has newly applied the following standards and interpretations.

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 amendments do not have a significant impact on the financial statements.

•

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;

•

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

•

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

•

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

- 29 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

2) Annual Improvements to Korean IFRS

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

•

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

•

Korean IFRS 1107 Financial Instruments: Disclosures: Gain or loss on derecognition and implementation guidance

•

Korean IFRS 1109 Financial Instruments: Derecognition of lease liabilities and definition of transaction price

•

Korean IFRS 1110 Consolidated Financial Statements: Determination of a ‘de facto agent’

•

Korean IFRS 1007 Statement of Cash Flows: Cost method

3) Amendments to K-IFRS 1109 ‘Financial Instruments’ and K-IFRS 1107 ‘Financial Instruments: Disclosures—Contracts Referencing Nature-dependent Electricity’

Contracts referencing nature-dependent electricity are defined contracts that expose an entity to variability in the underlying amount of electricity because the source of electricity generation depends on uncontrollable natural conditions (for example, the weather). The amendments clarify that ‘contracts to buy or sell such electricity’ are assessed for eligibility under the own-use exemption. In addition, the amendments modify hedge accounting requirements by allowing an entity to designate as the hedged item a variable nominal amount of forecast electricity transactions that reflect the nature-dependent variability of electricity and introduce additional disclosure requirements. The amendments do not have a significant impact on the financial statements.

(2)	The details of K-IFRS that have been issued and published as of January 1, 2026 but have not yet reached the effective date, and which the Group has not applied at an earlier date are as follows:

1) Issuance of K-IFRS No. 1118, Presentation and Disclosure in Financial Statements

K-IFRS No. 1118, ‘Presentation and Disclosure in Financial Statements,’ replaces K-IFRS No. 1001, ‘Presentation of Financial Statements’. The new standard introduces revised presentation requirements that are expected to enhance the comparability of financial performance among similar entities, particularly with respect to the definition of operating profit or loss.

If the Group prepares its financial statements in accordance with K-IFRS No. 1118, certain significant differences from the current financial statements are expected to arise. The key accounting policies that are expected to result in such differences are described below. These matters do not represent all differences that may arise in the future and are subject to change based on further analysis.

•

Changes in the Presentation of Statement of Profit or Loss

K-IFRS No. 1118 requires all income and expenses included in the statement of profit or loss to be classified into one of five categories: operating, investing, financing, income tax, and discontinued operations. Under this standard, all income and expenses that are not classified as investing, financing, income tax, or discontinued operations are classified as operating, and operating profit or loss is defined as a residual measure of profit or loss.

To classify income and expenses into categories, the Group is required to assess its main business activities. If the Group’s main business activities include investing in certain types of assets or providing financing to customers, income and expenses that would otherwise have been classified as investing or financing activities are classified as operating activities when such activities constitute the Group’s main business activities.

- 30 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

As a result, operating profit or loss under K-IFRS No. 1118 differs significantly from operating profit or loss under the current K-IFRS No. 1001, which is defined as operating revenue less operating expenses. K-IFRS No. 1118 requires operating profit or loss calculated in accordance with K-IFRS No. 1001 to be disclosed in the Notes, along with a reconciliation between operating profit or loss under K-IFRS No. 1118 and that under K-IFRS No. 1001.

In addition, K-IFRS No. 1118 requires the presentation in the statement of profit or loss of: - “Operating profit or loss,” comprising all income and expenses classified within the operating category; - “Profit or loss before financing and income tax,” comprising operating profit or loss and all income and expenses classified within the investing category; and - “Profit or loss for the period.”

However, when the Group’s main business activity is providing financing to customers, the presentation of “profit or loss before financing and income tax” may not be applicable, depending on the accounting policy elected.

•

Introduction of Disclosures of Management-Defined Performance Measures

K-IFRS No. 1118 introduces new disclosure requirements for management-defined performance measures. These measures are defined as subtotals of income and expenses that are not listed in paragraph 118 of K-IFRS No. 1118 and are not explicitly required to be presented or disclosed by IFRS Accounting Standards. Management-defined performance measures are used by entities in public communications separately from the financial statements to communicate management’s view of the entity’s financial performance to users of the financial statements.

When management-defined performance measures are presented, the entity is required to disclose the reasons for using such measures, the basis of their calculation, a reconciliation to the most directly comparable subtotal specified in K-IFRS No. 1118, the income tax effects of each reconciling item, and the effects on non-controlling interests.

•

Changes in the Classification of Cash Flows

As a result of the issuance of K-IFRS No. 1118, certain amendments have been made to K-IFRS No. 1007, Statement of Cash Flows. Under these amendments, the starting point for determining cash flows from operating activities using the indirect method has been changed from profit or loss for the period to operating profit or loss. In addition, the accounting policy option regarding the classification of interest and dividend-related cash flows has been eliminated.

K-IFRS No. 1118 is effective for annual reporting periods beginning on or after January 1, 2027, with early application permitted. In accordance with K-IFRS No. 1008, Accounting Policies, Changes in Accounting Estimates and Errors, the standard is required to be applied retrospectively. Accordingly, comparative information for the financial year ended December 31, 2026 will be restated in accordance with K-IFRS No. 1118. Amendments to K-IFRS No. 1007 and K-IFRS No. 1033 arising from the issuance of K-IFRS No. 1118, as well as the amended K-IFRSs No. 1008 and No. 1107, will be effective at the time K-IFRS No. 1118 is applied.

•

Assessment of Significant Impacts

K-IFRS No. 1118 has not been applied by the Group, as its mandatory effective date has not yet been reached. The Group will present its first interim financial statements in accordance with K-IFRS No. 1118 for the period ending June 30, 2027. Based on information available as of June 30, 2026, the Group is performing a preliminary assessment of the potential impact of the adoption of K-IFRS No. 1118.

- 31 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(3)	Material accounting policies and method of computation used in the preparation of the interim financial statements are consistent with those of the annual financial statements for the year ended December 31, 2025, except as described below.

i) Income Tax Expense

Income tax expense for an interim period is calculated by applying the income tax rate expected to be applicable to the estimated total annual profit, that is, the estimated average annual effective income tax rate, to the profit before tax for the interim period.

ii) Application of the Revaluation Model to Land Classified as premises and equipment

The Group changed its accounting policy for the subsequent measurement of land classified as premises and equipment from the historical cost model to the revaluation model, effective from the current period, having assessed that the revaluation model provides more reliable and relevant information regarding the fair value of land.

In accordance with K-IFRS No. 1016, Property, Plant and Equipment, the accounting policy of revaluing assets is not applied retrospectively when first adopted. Accordingly, the Group did not restate the comparative financial statements for the prior period.

Land is measured at fair value based on valuations performed by an independent external appraiser. Revaluations are performed with sufficient regularity to ensure that the carrying amount does not differ materially from fair value at the end of the reporting period. Land is carried at the revalued amount, being its fair value at the date of revaluation less any subsequent accumulated impairment losses.

If the carrying amount of an asset is increased as a result of a revaluation, the increase is recognized in other comprehensive income and accumulated in equity under revaluation surplus, net of deferred tax. However, the increase is recognized in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognized in profit or loss.

If the carrying amount of an asset is decreased as a result of a revaluation, the decrease is recognized in profit or loss. However, the decrease is recognized in other comprehensive income to the extent of any credit balance existing in the revaluation surplus in respect of that asset. The revaluation surplus related to land recognized in equity is transferred to retained earnings when the asset is derecognized.

a) The carrying amount of land measured under the revaluation model and the carrying amount that would have been recognized under the cost model as of June 30, 2026, are as follows (Unit: Korean Won in millions):


	June 30, 2026
	Revaluation Model		Cost Model
Land		4,185,810		1,717,806

As of the current period ended June 30, 2026, the revaluation date of land is March 31, 2026, and its fair value was determined based on valuations performed by an independent external appraisal firm.

b) During the current period ended June 30, 2026, other comprehensive income of 2,474,043 million Won (before income tax effect of 678,021 million Won) was recognized due to revaluation of land. The revaluation surplus (other comprehensive income) from the revaluation of land is not included in distributable profits under the Korean Commercial Act.

- 32 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

c) The fair value hierarchy of land as of June 30, 2026, are as follows (Unit: Korean Won in millions):


	June 30, 2026
	Level 1		Level 2		Level 3		Total
Land		—		—		4,185,810		4,185,810

d) Valuation methods of Land measured at fair value and classified into Level 3 and significant but unobservable inputs as of June 30, 2026 is as follows:


Fair value measurement Technique Type	Significant but unobservable input variable	Impact of changes in significant unobservable inputs on fair value measurement
Officially announced land price approach	Individual factor adjustment, etc.
Sales comparison approach	Individual factor adjustment, Return of capital, etc.	Positive(+) correlation
Income capitalization approach	Reasonable rent and maintenance fee
Income capitalization approach	Vacancy rate, Operating expense ratio, Exit cap rate	Negative(-) correlation

- 33 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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, 2025, except for the estimation method used to determine income tax expense, “and the application of the revaluation model for property, plant and equipment.

- 34 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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 the Board 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 Board 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 Board 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.

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.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

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
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

(*)	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 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 (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 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 allowance for credit losses using an estimation model that additionally reflects the forward looking information based on the past experience loss rate data.

- 36 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

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 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 real GDP growth rate (real, original series), manufacturing capacity utilization rate, 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 as follows, and the results are reviewed regularly.

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, 2026 and December, 31, 2025 is as follows (Unit: Korean Won in millions):


		June 30, 2026		December 31, 2025
Loans and other financial assets at amortized cost	Korean treasury and government agencies		3,312,140		538,314
	Banks		36,241,741		23,189,957
	Corporates		193,324,381		188,753,434
	Consumers		205,565,937		200,014,078

	Sub-total		438,444,199		412,495,783

Financial assets at FVTPL (*2)	Deposits		259,846		261,470
	Debt securities		10,692,397		9,552,081
	Loans		667,599		1,126,446
	Derivative assets		9,173,882		5,774,203
	Others		354,046		156,134

	Sub-total		21,147,770		16,870,334

Financial assets at FVTOCI	Debt securities and others		81,747,728		82,071,637
Securities at amortized cost	Debt securities		18,416,435		18,707,459
Derivative assets	Derivative assets (Designated for hedging)		155,219		217,180
Off-balance accounts	Payment guarantees (*3)		18,233,357		16,070,098
	Loan commitments		137,828,799		134,286,067

	Sub-total		156,062,156		150,356,165

	Total (*1)		715,973,507		680,718,558

(*1)	Cash and cash equivalents are not included.

(*2)	Puttable financial instruments are not included.

(*3)	As of June 30, 2026 and December 31, 2025, the financial guarantee amount of 5,311,134 million Won and 5,032,808 million Won are included, respectively.

- 37 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

a) Credit risk exposure by geographical areas

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


	June 30, 2026
	Korea		China		USA		UK		Japan		Others (*)		Total
Loans and other financial assets at amortized cost		405,741,751		6,135,084		7,342,595		762,921		1,490,038		16,971,810		438,444,199
Securities at amortized cost		17,570,860		261,235		528,402		—		—		55,938		18,416,435
Financial assets at FVTPL		17,726,622		605		1,267,710		675,313		241,827		1,235,693		21,147,770
Financial assets at FVTOCI		67,683,857		875,457		6,158,736		895,259		799,405		5,335,014		81,747,728
Derivative assets (Designated for hedging)		141,742		—		11,589		—		1,888		—		155,219
Off-balance accounts		147,870,808		1,307,158		1,891,514		635,199		48,747		4,308,730		156,062,156

Total		656,735,640		8,579,539		17,200,546		2,968,692		2,581,905		27,907,185		715,973,507

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


	December 31, 2025
	Korea		China		USA		UK		Japan		Others (*)		Total
Loans and other financial assets at amortized cost		381,895,446		5,455,324		6,700,018		775,262		1,266,134		16,403,599		412,495,783
Securities at amortized cost		17,720,610		55,390		779,676		—		—		151,783		18,707,459
Financial assets at FVTPL		14,030,387		32		1,151,755		502,905		277,765		907,490		16,870,334
Financial assets at FVTOCI		70,443,271		1,102,112		4,752,496		400,316		591,861		4,781,581		82,071,637
Derivative assets (Designated for hedging)		180,170		—		30,719		—		6,291		—		217,180
Off-balance accounts		142,669,598		1,069,795		1,439,439		756,252		35,333		4,385,748		150,356,165

Total		626,939,482		7,682,653		14,854,103		2,434,735		2,177,384		26,630,201		680,718,558

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

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

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, 2026 and December 31, 2025 (Unit: Korean Won in millions):


	June 30, 2026
	Service		Manufacturing		Finance and insurance		Construction		Individuals		Others		Total
Loans and other financial assets at amortized cost		90,199,906		56,463,116		55,678,180		5,748,454		199,508,616		30,845,927		438,444,199
Securities at amortized cost		99,917		—		8,279,478		39,969		—		9,997,071		18,416,435
Financial assets at FVTPL		615,618		962,220		13,351,685		82,281		307		6,135,659		21,147,770
Financial assets at FVTOCI		664,685		1,419,833		36,889,817		802,316		—		41,971,077		81,747,728
Derivative assets (Designated for hedging)		—		—		155,219		—		—		—		155,219
Off-balance accounts		26,741,486		27,862,587		13,898,490		3,052,149		75,254,804		9,252,640		156,062,156

Total		118,321,612		86,707,756		128,252,869		9,725,169		274,763,727		98,202,374		715,973,507


	December 31, 2025
	Service		Manufacturing		Finance and insurance		Construction		Individuals		Others		Total
Loans and other financial assets at amortized cost		88,350,901		52,551,867		40,292,287		5,754,395		196,402,459		29,143,874		412,495,783
Securities at amortized cost		89,611		—		8,009,336		39,968		—		10,568,544		18,707,459
Financial assets at FVTPL		498,155		677,238		9,126,225		145,149		100		6,423,467		16,870,334
Financial assets at FVTOCI		388,717		1,308,907		39,468,777		867,980		—		40,037,256		82,071,637
Derivative assets (Designated for hedging)		—		—		217,180		—		—		—		217,180
Off-balance accounts		24,121,840		25,922,599		14,542,861		3,533,170		73,040,583		9,195,112		150,356,165

Total		113,449,224		80,460,611		111,656,666		10,340,662		269,443,142		95,368,253		680,718,558

- 39 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

Credit risk exposure

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, 2026 and December 31, 2025 is as follows (Unit: Korean Won in millions):


	June 30, 2026
	Stage 1				Stage 2
	Above appropriate credit rating (*1)		Less than a limited credit rating (*2)		Above appropriate credit rating (*1)		Less than a limited credit rating (*2)		Stage 3		Credit impairment model		Total		Loss allowance			Total, net
Loans and other financial assets at amortized cost		375,955,643		30,028,658		16,755,370		13,860,995		4,040,209		1,480,796		442,121,671		(3,677,472	)		438,444,199
Korean treasury and government agencies		3,312,654		—		—		—		—		—		3,312,654		(514	)		3,312,140
Banks		35,776,374		493,441		—		—		—		—		36,269,815		(28,074	)		36,241,741
Corporates		159,050,751		24,094,494		3,225,633		5,725,762		1,931,598		1,480,796		195,509,034		(2,184,653	)		193,324,381
General business		111,302,515		15,512,965		2,250,733		4,367,255		1,283,264		—		134,716,732		(1,505,917	)		133,210,815
Small- and medium-sized enterprise		32,681,720		7,747,178		529,395		1,256,070		341,328		—		42,555,691		(439,539	)		42,116,152
Project financing and others		15,066,516		834,351		445,505		102,437		307,006		1,480,796		18,236,611		(239,197	)		17,997,414
Consumers		177,815,864		5,440,723		13,529,737		8,135,233		2,108,611		—		207,030,168		(1,464,231	)		205,565,937
Securities at amortized cost		18,427,149		—		—		—		—		—		18,427,149		(10,714	)		18,416,435
Financial assets at FVTOCI (*3)		81,566,660		181,068		—		—		—		—		81,747,728		(32,036	)		81,747,728

Total		475,949,452		30,209,726		16,755,370		13,860,995		4,040,209		1,480,796		542,296,548		(3,720,222	)		538,608,362


	June 30, 2026
	Collateral value
	Stage1		Stage2		Stage3		Credit impairment model		Total
Loans and other financial assets at amortized cost		246,717,142		25,964,825		1,661,122		1,467,930		275,811,019
Korean treasury and government agencies		131,534		—		—		—		131,534
Banks		2,657,205		261		—		—		2,657,466
Corporates		103,208,325		7,465,274		1,099,761		1,467,930		113,241,290
General business		62,749,655		5,485,276		722,893		—		68,957,824
Small- and medium-sized enterprise		28,275,466		1,432,095		210,334		—		29,917,895
Project financing and others		12,183,204		547,903		166,534		1,467,930		14,365,571
Consumers		140,720,078		18,499,290		561,361		—		159,780,729
Securities at amortized cost		—		—		—		—		—
Financial assets at FVTOCI (*3)		—		—		—		—		—

Total		246,717,142		25,964,825		1,661,122		1,467,930		275,811,019

(*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.

- 40 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


	December 31, 2025
	Stage 1				Stage 2
	Above appropriate credit rating (*1)		Less than a limited credit rating (*2)		Above appropriate credit rating (*1)		Less than a limited credit rating (*2)		Stage 3		Credit impairment model		Total		Loss allowance			Total, net
Loans and other financial assets at amortized cost		354,069,178		30,632,768		13,842,896		12,837,364		3,564,522		1,137,650		416,084,378		(3,588,595	)		412,495,783
Korean treasury and government agencies		539,215		—		—		—		—		—		539,215		(901	)		538,314
Banks		22,832,170		380,843		—		—		—		—		23,213,013		(23,056	)		23,189,957
Corporates		155,984,903		23,571,082		3,177,635		5,395,186		1,733,385		1,137,650		190,999,841		(2,246,407	)		188,753,434
General business		107,006,628		14,727,532		2,404,812		3,754,332		1,102,892		—		128,996,196		(1,518,049	)		127,478,147
Small- and medium-sized enterprise		33,828,252		8,118,497		542,006		1,469,338		368,686		—		44,326,779		(456,931	)		43,869,848
Project financing and others		15,150,023		725,053		230,817		171,516		261,807		1,137,650		17,676,866		(271,427	)		17,405,439
Consumers		174,712,890		6,680,843		10,665,261		7,442,178		1,831,137		—		201,332,309		(1,318,231	)		200,014,078
Securities at amortized cost		18,718,526		—		—		—		—		—		18,718,526		(11,067	)		18,707,459
Financial assets at FVTOCI (*3)		81,911,940		159,697		—		—		—		—		82,071,637		(29,204	)		82,071,637

Total		454,699,644		30,792,465		13,842,896		12,837,364		3,564,522		1,137,650		516,874,541		(3,628,866	)		513,274,879


	December 31, 2025
	Collateral value
	Stage1		Stage2		Stage3		Credit impairment model		Total
Loans and other financial assets at amortized cost		242,664,753		22,382,806		1,219,109		1,128,343		267,395,011
Korean treasury and government agencies		103,817		—		—		—		103,817
Banks		1,815,479		—		—		—		1,815,479
Corporates		99,471,630		7,066,546		720,305		1,128,343		108,386,824
General business		61,218,056		5,128,816		516,966		—		66,863,838
Small- and medium-sized enterprise		26,662,910		1,594,623		142,383		—		28,399,916
Project financing and others		11,590,664		343,107		60,956		1,128,343		13,123,070
Consumers		141,273,827		15,316,260		498,804		—		157,088,891
Securities at amortized cost		—		—		—		—		—
Financial assets at FVTOCI (*3)		—		—		—		—		—

Total		242,664,753		22,382,806		1,219,109		1,128,343		267,395,011

(*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 has been disclosed as the amount before deducting loss allowance because loss allowance does not reduce the carrying amount.

- 41 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

Payment Guarantees and commitments

The credit quality of the payment guarantees and loan commitments as of June 30, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):


	June 30, 2026
Financial assets	Stage 1				Stage 2				Stage3		Total
Financial assets	Above appropriate credit rating (*1)		Less than a limited credit rating (*2)		Above appropriate credit rating (*1)		Less than a limited credit rating (*2)		Stage3		Total
Off-balance accounts:
Payment Guarantees		17,179,253		917,471		22,453		63,354		50,826		18,233,357
Loan Commitments		131,538,000		3,769,678		1,928,137		559,448		33,536		137,828,799

Total		148,717,253		4,687,149		1,950,590		622,802		84,362		156,062,156

(*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, 2025
Financial assets	Stage 1				Stage 2				Stage3		Total
Financial assets	Above appropriate credit rating (*1)		Less than a limited credit rating (*2)		Above appropriate credit rating (*1)		Less than a limited credit rating (*2)		Stage3		Total
Off-balance accounts:
Payment guarantees		15,186,145		776,039		18,603		66,204		23,107		16,070,098
Loan commitments		127,446,436		3,821,389		2,461,016		521,696		35,530		134,286,067

Total		142,632,581		4,597,428		2,479,619		587,900		58,637		150,356,165

(*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.

Collateral and other credit enhancements

For the six-month period ended June 30, 2026, 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.

- 42 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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.

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.

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, default risks that may occur due to sudden default, and residual risk-bearing equity capital for other losses.

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.

- 43 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(3)	Liquidity risk

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

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 34. Contingent Liabilities and Commitments (4) 3).

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, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):


	June 30, 2026
	Within 3 months		4 to 6 months		7 to 9 months		10 to 12 months		1 to 5 years		Over 5 years		Total
Financial liabilities at FVTPL		361,892		33,223		211,668		303,415		187,518		—		1,097,716
Deposits due to customers		234,895,270		57,887,188		33,933,601		33,797,068		23,799,912		1,133,486		385,446,525
Borrowings		26,547,778		4,601,269		4,231,486		3,911,575		4,807,234		504,454		44,603,796
Debentures		6,194,851		5,184,695		5,909,086		6,014,553		35,570,382		3,875,582		62,749,149
Lease liabilities		65,822		50,375		47,222		39,187		367,323		88,101		658,030
Other financial liabilities (*)		42,647,184		207,614		85,099		61,816		1,043,347		3,850,017		47,895,077
Investment contract liabilities		4,181,817		—		—		—		—		—		4,181,817

Total		314,894,614		67,964,364		44,418,162		44,127,614		65,775,716		9,451,640		546,632,110


	December 31, 2025
	Within 3 months		4 to 6 months		7 to 9 months		10 to 12 months		1 to 5 years		Over 5 years		Total
Financial liabilities at FVTPL		456,606		103,174		131,181		310,111		324,118		17,501		1,342,691
Deposits due to customers		239,003,957		43,936,717		31,733,945		47,843,702		18,670,748		1,212,186		382,401,255
Borrowings		18,209,601		4,676,557		3,879,109		3,202,042		3,881,934		518,214		34,367,457
Debentures		7,015,353		3,594,266		4,732,824		4,586,030		35,650,614		4,127,981		59,707,068
Lease liabilities		66,838		55,213		50,236		43,549		357,379		44,575		617,790
Other financial liabilities(*)		24,614,468		194,968		35,049		47,917		1,103,857		3,849,974		29,846,233
Investment contract liabilities		3,702,780		—		—		—		—		—		3,702,780

Total		293,069,603		52,560,895		40,562,344		56,033,351		59,988,650		9,770,431		511,985,274

(*)	Lease liabilities are not included.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

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, 2026 and December 31, 2025 is as follows (Unit: Korean Won in millions):


		Remaining maturity
		Within 3 months		4 to 6 months		7 to 9 months		10 to 12 months		1 to 5 years		Over 5 years			Total
June 30, 2026	Cash flow risk hedge		185,988		854,120		47,847		87,610		1,255,581		59,391			2,490,537
	Fair value risk hedge		55,762		40,230		720		23,545		78,578		(23,673	)		175,162
	Trading purpose		8,051,989		—		—		—		—		—			8,051,989
December 31, 2025	Cash flow risk hedge		245,304		721,902		69,178		691,883		608,819		35,265			2,372,351
	Fair value risk hedge		8,927		24,385		15,933		20,814		38,364		(10,613	)		97,810
	Trading purpose		5,129,664		—		—		—		—		—			5,129,664

- 45 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

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

A payment 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, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):


	June 30, 2026		December 31, 2025
Payment guarantees		18,233,357		16,070,098
Loan commitments		137,828,799		134,286,067
Other commitments		5,751,955		5,806,012

(4)	Operational risk

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

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.

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 major subsidiaries have established a Business Continuity Plan (BCP) and conducts annual simulation drills.

- 46 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

5.	OPERATING SEGMENTS

In evaluating the results of the Group and allocating resources, the Group’s Chief Operating 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, insurance, credit card, capital, investment securities 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

Insurance		Contracting and maintenance of insurance policies, payment of insurance benefits, provision of life insurance-related services, and accompanying business for customers of Tongyang Life Insurance Co., Ltd. and ABL Life Insurance Co., Ltd.

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 Savings Bank., Woori Asset Management Corp., Ltd., 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.

- 47 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(2)	The composition of each organization’s sectors for the six-month periods ended June 30, 2026 and 2025 are as follows (Unit: Korean Won in millions):


	For the six-month period ended June 30, 2026
	Banking (*1)			Life Insurance			Credit card			Capital			Investment securities			Others (*2)			Sub-total			Other adjustments (*3)			Internal adjustments (*4)			Consolidated Adjustments (*5)			Total
Net interest income		3,579,655			(103,937	)		384,615			101,600			62,302			8,020			4,032,255			71,304			547,685			8,479			4,659,723
Non-interest income (expense)		954,591			296,028			96,541			104,826			83,875			1,468,214			3,004,075			23,465			(509,015	)		(1,455,540	)		1,062,985
Impairment losses due to credit loss		(636,308	)		(1,716	)		(196,442	)		(59,415	)		(25,890	)		(7,717	)		(927,488	)		(1,770	)		(38,673	)		1,906			(966,025	)
General and administrative expense		(2,151,159	)		(55,247	)		(161,719	)		(48,967	)		(90,863	)		(218,794	)		(2,726,749	)		(392	)		—			94,285			(2,632,856	)

Net operating income (expense)		1,746,779			135,128			122,995			98,044			29,424			1,249,723			3,382,093			92,607			(3	)		(1,350,870	)		2,123,827

Share of gain of associates		2,451			1,976			—			(352	)		(161	)		5,997			9,911			—			—			18,211			28,122
Other non-operating expense		(4,604	)		24,381			(1,821	)		(8	)		(23	)		2,028			19,953			979			3			(6,495	)		14,440

Non-operating income(expense)		(2,153	)		26,357			(1,821	)		(360	)		(184	)		8,025			29,864			979			3			11,716			42,562

Net income(expense) before tax		1,744,626			161,485			121,174			97,684			29,240			1,257,748			3,411,957			93,586			—			(1,339,154	)		2,166,389
Tax expense		(380,046	)		(46,704	)		(25,949	)		(20,787	)		(4,515	)		(18,011	)		(496,012	)		—			—			(4,462	)		(500,474	)

Net income(loss)		1,364,580			114,781			95,225			76,897			24,725			1,239,737			2,915,945			93,586			—			(1,343,616	)		1,665,915

Total assets		531,262,370			54,848,914			18,510,113			12,985,257			12,701,392			33,007,465			663,315,511			3,833,581			—			(31,969,604	)		635,179,488

Investment in associate		840,656			5,429			—			32,078			13,625			26,916,466			27,808,254			—			—			(25,951,573	)		1,856,681
Other assets		530,421,714			54,843,485			18,510,113			12,953,179			12,687,767			6,090,999			635,507,257			3,833,581			—			(6,018,031	)		633,322,807

Total liabilities		499,717,338			51,222,345			15,544,678			11,103,927			10,473,876			7,491,045			595,553,209			75,436			—			(1,329,300	)		594,299,345

(*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 adjustments 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 260,461 million Won and fund contribution fees of 287,836 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 70,537 million Won of internal transactions between Woori FIS Co., Ltd., the group’s IT service agency, and affiliates, and the removal of 1,249,918 million Won of dividends received by the holding company from its subsidiaries.

- 48 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


	For the six-month period ended June 30, 2025
	Banking (*1)			Credit card			Capital			Investment securities			Others (*2)			Sub-total			Other adjustments (*3)			Internal adjustments (*4)			Consolidated Adjustments (*5)			Total
Net interest income		3,344,244			372,330			105,303			52,812			45,222			3,919,911			75,733			518,610			(446	)		4,513,808
Non-interest income(expense)		1,167,531			100,001			92,056			39,642			1,575,986			2,975,216			(6,007	)		(469,732	)		(1,613,175	)		886,302
Impairment losses due to credit loss		(493,562	)		(208,299	)		(59,859	)		(15,531	)		(119,563	)		(896,814	)		2,516			(49,023	)		11			(943,310	)
General and administrative expense		(2,101,559	)		(146,299	)		(48,910	)		(62,107	)		(214,539	)		(2,573,414	)		(316	)		—			94,644			(2,479,086	)

Net operating income(expense)		1,916,654			117,733			88,590			14,816			1,287,106			3,424,899			71,926			(145	)		(1,518,966	)		1,977,714

Share of gain of associates		14,593			—			(281	)		86			50,201			64,599			1,697			—			5,392			71,688
Other non-operating expense		18,770			(15,105	)		63			60			1,474			5,262			929			145			(4,658	)		1,678

Non-operating income(expense)		33,363			(15,105	)		(218	)		146			51,675			69,861			2,626			145			734			73,366

Net income(expense) before tax		1,950,017			102,628			88,372			14,962			1,338,781			3,494,760			74,552			—			(1,518,232	)		2,051,080
Tax expense		(398,096	)		(25,975	)		(21,021	)		2,181			(15,500	)		(458,411	)		—			—			1,630			(456,781	)

Net income(loss)		1,551,921			76,653			67,351			17,143			1,323,281			3,036,349			74,552			—			(1,516,602	)		1,594,299

Total assets		494,291,954			15,950,697			12,497,825			8,577,865			31,898,314			563,216,655			3,545,934			—			(32,649,813	)		534,112,776

Investment in associate		1,056,906			—			32,602			3,138			24,536,539			25,629,185			4,416			—			(23,857,237	)		1,776,364
Other assets		493,235,048			15,950,697			12,465,223			8,574,727			7,361,775			537,587,470			3,541,518			—			(8,792,576	)		532,336,412

Total liabilities		465,742,436			13,145,609			10,738,266			7,398,438			5,890,561			502,915,310			71,928			—			(4,589,980	)		498,397,258

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

(*2)

(*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.

- 49 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(3)	Operating profit or loss from external customers for the six-month periods ended June 30, 2026 and 2025 are as follows (Unit: Korean Won in millions):


	For the six-month periods ended June 30
Details	2026		2025
Domestic		2,075,427		1,827,766
Foreign		48,400		149,948

Total		2,123,827		1,977,714

(4)	Major non-current assets as of June 30, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):


Details (*)	June 30, 2026		December 31, 2025
Domestic		8,964,586		7,364,083
Foreign		574,542		552,243

Total		9,539,128		7,916,326

(*)	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, 2026 and 2025.

- 50 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

6.	STATEMENTS OF CASH FLOWS

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


	June 30, 2026		December 31, 2025
Cash		1,593,700		1,826,020
Foreign currencies		988,267		642,158
Demand deposits		35,563,103		35,891,982
Fixed deposits		112,910		139,519

Total		38,257,980		38,499,679

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


	Counterparty	June 30, 2026		Reason of restriction
Due from banks in local currency:
Due from BOK	BOK		12,314,445	Reserve deposits under the BOK Act
Due from banks in foreign currencies:
Due from banks on demand	BOK and others		8,458,375	Reserve deposits etc.

Total			20,772,820


	Counterparty	December 31, 2025		Reason of restriction
Due from banks in local currency:
Due from BOK	BOK		16,555,802	Reserve deposits under the BOK Act
Due from banks in foreign currencies:
Due from banks on demand	BOK and others		6,919,255	Reserve deposits etc.

Total			23,475,057

- 51 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

7.	FINANCIAL ASSETS AT FVTPL

(1)	Details of financial assets at FVTPL as of June 30, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):


	June 30, 2026		December 31, 2025
Financial assets at fair value through profit or loss		40,585,470		34,245,475

(2)	Financial assets at fair value through profit or loss as of June 30, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):


	June 30, 2026		December 31, 2025
Deposits:
Gold banking asset		259,846		261,470
Securities:
Debt securities
Korean treasury and government agencies		5,913,622		6,044,402
Financial institutions		1,338,839		883,209
Corporates		2,468,650		1,614,666
Foreign currency bond		717,223		698,615
Others		254,063		311,189
Equity securities		2,292,559		1,613,419
Capital contributions		3,269,570		3,085,315
Beneficiary certificates		13,512,776		12,359,483
Others		624,253		387,342

Sub-total		30,391,555		26,997,640

Loans		667,599		1,126,446
Derivatives assets		9,173,882		5,774,203
Other financial assets		92,588		85,716

Total		40,585,470		34,245,475

The Group does not hold any financial assets designated as at fair value through profit or loss as of June 30, 2026 and December 31, 2025.

- 52 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

8.	FINANCIAL ASSETS AT FVTOCI

(1)	Details of financial assets at FVTOCI as of June 30, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):


	June 30, 2026		December 31, 2025
Debt securities:
Korean treasury and government agencies		18,864,711		20,371,690
Financial institutions		29,095,690		32,931,685
Corporates		11,455,490		10,108,432
Bond denominated in foreign currencies		15,393,376		12,974,851
Securities loaned		6,666,190		5,674,738

Sub-total		81,475,457		82,061,396
Equity securities: (*)
Stocks		1,271,150		1,011,907
Capital contributions		11,634		11,634
Beneficiary certificates		1,711		—
Others		412,538		404,344

Sub-total		1,697,033		1,427,885

Loans:		272,271		10,241

Total		83,444,761		83,499,522

(*)	The equity instruments are designated as financial assets at fair value through other comprehensive income (FVTOCI), as they are held for strategic business alliances, acquisitions through debt-to-equity conversions, and similar purposes.

(2)	The fair value gains or losses recognized in other comprehensive income related to equity securities designated as financial assets measured at fair value through other comprehensive income (FVTOCI) for the periods ended June 30, 2026 and 2025 are as follows (Unit: Korean Won in millions):


	For the six-month period ended June 30, 2026
	Derecognized equity instruments					Held equity instruments
	Three-month		Six-month			Three-month			Six-month
Equity securities:
Stocks		306		387			(28,233	)		33,717
Capital contributions		—		—			—			—
Beneficiary certificates		—		—			—			—
Others		—		—			(8,756	)		(21,806	)

Total		306		387			(36,989	)		11,911


	For the six-month period ended June 30, 2025
	Derecognized equity instruments					Held equity instruments
	Three-month		Six-month			Three-month			Six-month
Equity securities:
Stocks		1,611		(3,105	)		(11,492	)		33,118
Capital contributions		—		—			31			31
Beneficiary certificates		—		—			—			—
Others		—		—			—			—

Total		1,611		(3,105	)		(11,461	)		33,149

- 53 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(3)	Details of equity securities designated as financial assets measured at fair value through other comprehensive income (FVTOCI) that were disposed of during the periods ended June 30, 2026 and 2025 are as follows (Unit: Korean Won in millions):


	For the six-month period ended June 30, 2026 (*1)				For the six-month period ended June 30, 2025 (*2)
	Fair value at disposal		Cumulative gain (loss)		Fair value at disposal		Cumulative gain (loss)
Equity securities:
Stocks		712		405		10,193		(2,483	)
Capital contributions		—		—		—		—
Beneficiary certificates		—		—		—		—
Others		—		—		—		—

Total		712		405		10,193		(2,483	)

(*1)	It was disposed due to a change in the purpose of holding.

(*2)	It was disposed of due to the disposal of shares acquired through debt-to-equity conversions and other related reasons.

- 54 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

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

Loss allowance


	For the six-month period ended June 30, 2026
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		(29,204	)		—		—		(29,204	)
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Provision of loss allowance		(7,028	)		—		—		(7,028	)
Disposal		4,341			—		—		4,341
Others (*)		(146	)		—		—		(146	)

Ending balance		(32,037	)		—		—		(32,037	)

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


	For the six-month period ended June 30, 2025
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		(29,084	)		—		—		(29,084	)
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Provision of loss allowance		(489	)		—		—		(489	)
Disposal		3,618			—		—		3,618
Others (*)		433			—		—		433

Ending balance		(25,522	)		—		—		(25,522	)

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

Gross carrying amount


	For the six-month period ended June 30, 2026
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		82,071,637			—		—		82,071,637
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Acquisition		22,183,706			—		—		22,183,706
Disposal / Recovery		(20,351,008	)		—		—		(20,351,008	)
Gain (loss) on valuation		(3,064,795	)		—		—		(3,064,795	)
Amortization based on effective interest method		136,924			—		—		136,924
Others (*)		771,264			—		—		771,264

Ending balance		81,747,728			—		—		81,747,728

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

- 55 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


	For the six-month period ended June 30, 2025
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		42,922,671			—		—		42,922,671
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Acquisition		14,255,274			—		—		14,255,274
Disposal / Recovery		(18,381,141	)		—		—		(18,381,141	)
Gain (loss) on valuation		88,888			—		—		88,888
Amortization based on effective interest method		71,855			—		—		71,855
Others (*)		(445,614	)		—		—		(445,614	)

Ending balance		38,511,933			—		—		38,511,933

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

- 56 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

9.	SECURITIES AT AMORTIZED COST

(1)	Details of securities at amortized cost as of June 30, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):


	June 30, 2026			December 31, 2025
Korean treasury and government agencies		9,005,462			9,698,695
Financial institutions		3,837,394			3,352,648
Corporates		4,682,612			4,587,881
Bond denominated in foreign currencies		901,681			1,079,302
Allowance for credit losses		(10,714	)		(11,067	)

Total		18,416,435			18,707,459

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

Loss allowance


	For the six-month period ended June 30, 2026
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		(11,067	)		—		—		(11,067	)
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Net reversal of loss allowance		390			—		—		390
Others (*)		(37	)		—		—		(37	)

Ending balance		(10,714	)		—		—		(10,714	)

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


	For the six-month period ended June 30, 2025
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		(10,763	)		—		—		(10,763	)
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Net reversal of loss allowance		217			—		—		217
Others (*)		73			—		—		73

Ending balance		(10,473	)		—		—		(10,473	)

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

- 57 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

Gross carrying amount


	For the six-month period ended June 30, 2026
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		18,718,526			—		—		18,718,526
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Acquisition		1,663,876			—		—		1,663,876
Disposal / Recovery		(2,084,560	)		—		—		(2,084,560	)
Amortization based on effective interest method		56,294			—		—		56,294
Others (*)		73,013			—		—		73,013

Ending balance		18,427,149			—		—		18,427,149

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


	For the six-month period ended June 30, 2025
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		19,213,940			—		—		19,213,940
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Acquisition		2,473,315			—		—		2,473,315
Disposal / Recovery		(2,871,657	)		—		—		(2,871,657	)
Amortization based on effective interest method		55,400			—		—		55,400
Others (*)		(97,818	)		—		—		(97,818	)

Ending balance		18,773,180			—		—		18,773,180

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

- 58 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):


	June 30, 2026		December 31, 2025
Due from banks		3,392,689		2,674,644
Loans		404,570,817		398,706,030
Other financial assets		30,480,693		11,115,109

Total		438,444,199		412,495,783

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


	June 30, 2026			December 31, 2025
Due from banks in local currency:
Due from depository banks		492,654			531,542
Due from non-depository institutions		40,542			20,624
Due for securities trading		224,352			196,557
Others		164,262			407,445
Loss allowance		(908	)		(408	)

Sub-total		920,902			1,155,760

Due from banks in foreign currencies:
Due from banks on demand		138,827			149,839
Due from banks on time		522,529			276,498
Others		1,816,390			1,096,819
Loss allowance		(5,959	)		(4,272	)

Sub-total		2,471,787			1,518,884

Total		3,392,689			2,674,644

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


	Counterparty	June 30, 2026		Reason of restriction
Due from banks in local currency:
Others	Citi Bank and others		224,556	Reserve deposits and others
Securities trading	Korea exchange and Korea Securities Finance Corporation		197,300	Customer deposit refund reserve and futures trading margin and others

	Sub-total		421,856

Due from banks in foreign currencies:
Due from banks on demand	National Bank of Cambodia and others		137,742	Reserve deposits and others
Due from banks on time	TORONTO DOMINION BANK, NEW YORK and others		184,980	Federal Reserve Discount Window and others
Others	BNP-PARIBAS, PAR and others		1,432,577	CSA collateral and others

	Sub-total		1,755,299

	Total		2,177,155

- 59 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


	Counterparty	December 31, 2025		Reason of restriction
Due from banks in local currency:
Others	Citi Bank and others		248,704	Reserve deposits
Securities trading	Korea Exchange Co.,Ltd. and Korea Securities Finance Corporation and others		165,304	Customer deposit refund reserve and futures trading margin and others

	Sub-total		414,008

Due from banks in foreign currencies:
Due from banks on demand	National Bank of Cambodia and others		149,279	Reserve deposits and others
Due from banks on time	Toronto Dominion Bank, New York, and others		129,141	Federal Reserve Discount Window
Others	GOLDMAN SACHS INTL., LON and others		775,829	CSA collateral and others

	Sub-total		1,054,249

	Total		1,468,257

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

Allowance for credit losses


	For the six-month period ended June 30, 2026
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		(4,680	)		—		—		(4,680	)
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Provision for allowance for credit loss		(2,078	)		—		—		(2,078	)
Others (*)		(109	)		—		—		(109	)

Ending balance		(6,867	)		—		—		(6,867	)

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


	For the six-month period ended June 30, 2025
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		(6,327	)		—		—		(6,327	)
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Reversal for allowance for credit loss		3,379			—		—		3,379
Others (*)		36			—		—		36

Ending balance		(2,912	)		—		—		(2,912	)

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

- 60 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

Gross carrying amount


	For the six-month period ended June 30, 2026
	Stage 1		Stage 2		Stage 3		Total
Beginning balance		2,679,324		—		—		2,679,324
Transfer to 12-month expected credit losses		—		—		—		—
Transfer to lifetime expected credit losses		—		—		—		—
Transfer to credit-impaired financial assets		—		—		—		—
Net increase(decrease)		643,528		—		—		643,528
Others (*)		76,704		—		—		76,704

Ending balance		3,399,556		—		—		3,399,556

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


	For the six-month period ended June 30, 2025
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		2,636,931			—		—		2,636,931
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Net increase(decrease)		(627,354	)		—		—		(627,354	)
Others (*)		(73,531	)		—		—		(73,531	)

Ending balance		1,936,046			—		—		1,936,046

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

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


	June 30, 2026			December 31, 2025
Loans in local currency		331,332,164			322,659,399
Loans in foreign currencies		35,391,809			32,375,735
Domestic banker’s usance		3,289,592			2,647,891
Credit card accounts		14,821,387			13,960,884
Bills bought in foreign currencies		4,201,412			4,396,122
Bills bought in local currency		142,325			82,657
Factoring receivables		7,353			6,315
Advances for customers on guarantees		29,169			12,602
Private placement bonds		728,776			669,431
Securitized loans		3,990,991			3,325,383
Call loans		2,025,124			2,430,625
Bonds purchased under resale agreements		6,682,067			14,598,594
Financial lease receivables		894,595			991,331
Installment financial bond		2,525,040			2,429,860
Securities loans		950,413			445,960
Others		2,258			2,257
Loan origination costs and fees		921,014			926,343
Discounted present value		(8,744	)		(9,107	)
Allowance for credit losses		(3,355,928	)		(3,246,252	)

Total		404,570,817			398,706,030

- 61 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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, 2026
	Consumers									Corporates
	Stage 1			Stage 2			Stage 3			Stage 1			Stage 2			Stage 3			Credit impairment model
Beginning balance		(204,589	)		(157,463	)		(316,231	)		(956,618	)		(480,701	)		(689,861	)		(9,309	)
Transfer to 12-month expected credit losses		(38,717	)		38,100			616			(48,163	)		45,202			2,961			—
Transfer to lifetime expected credit losses		15,108			(17,948	)		2,841			46,536			(50,821	)		4,286			—
Transfer to credit-impaired financial assets		5,568			20,950			(26,518	)		44,163			89,285			(133,448	)		—
Net reversal(provision) of allowance for credit losses		(7,723	)		(59,395	)		(213,752	)		(22,425	)		(51,972	)		(372,234	)		(6,627	)
Recovery		—			—			(24,056	)		—			—			(46,059	)		—
Charge-off		—			—			170,937			—			—			346,500			—
Disposal		—			292			40,644			3			770			141,854			5,217
Interest income from impaired loans		—			—			8,508			—			—			17,713			—
Others		9,324			163			(42,978	)		(146	)		1,609			19,224			(2,150	)

Ending balance		(221,029	)		(175,301	)		(399,989	)		(936,650	)		(446,628	)		(709,064	)		(12,869	)


	For the six-month period ended June 30, 2026
	Credit card accounts									Total
	Stage 1			Stage 2			Stage 3			Stage 1			Stage 2			Stage 3			Credit impairment model
Beginning balance		(130,557	)		(103,829	)		(197,094	)		(1,291,764	)		(741,993	)		(1,203,186	)		(9,309	)
Transfer to 12-month expected credit losses		(21,529	)		21,428			101			(108,409	)		104,730			3,678			—
Transfer to lifetime expected credit losses		9,008			(10,668	)		1,659			70,652			(79,437	)		8,786			—
Transfer to credit-impaired financial assets		2,527			12,640			(15,167	)		52,258			122,875			(175,133	)		—
Net reversal(provision) of allowance for credit losses		2,430			(23,195	)		(203,564	)		(27,718	)		(134,562	)		(789,550	)		(6,627	)
Recovery		—			—			(12,877	)		—			—			(82,992	)		—
Charge-off		—			—			162,280			—			—			679,717			—
Disposal		—			—			52,009			3			1,062			234,507			5,217
Interest income from impaired loans		—			—			—			—			—			26,221			—
Others		—			—			—			9,178			1,772			(23,754	)		(2,150	)

Ending balance		(138,121	)		(103,624	)		(212,653	)		(1,295,800	)		(725,553	)		(1,321,706	)		(12,869	)

- 62 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


	For the six-month period ended June 30, 2025
	Consumers									Corporates
	Stage 1			Stage 2			Stage 3			Stage 1			Stage 2			Stage 3			Credit impairment model
Beginning balance		(228,330	)		(148,315	)		(280,125	)		(971,499	)		(699,646	)		(625,921	)		(7,295	)
Transfer to 12-month expected credit losses		(32,235	)		29,452			2,783			(77,060	)		71,646			5,414			—
Transfer to lifetime expected credit losses		20,478			(23,348	)		2,870			40,794			(45,222	)		4,428			—
Transfer to credit-impaired financial assets		6,608			17,003			(23,611	)		53,571			109,025			(162,596	)		—
Net reversal(provision) of allowance for credit losses		35,669			(45,775	)		(155,624	)		(14,002	)		65,907			(525,019	)		(2,713	)
Recovery		—			—			(22,436	)		—			—			(14,815	)		—
Charge-off		—			—			125,125			—			—			282,735			—
Disposal		15			599			44,115			4			1,368			129,635			3,205
Interest income from impaired loans		—			—			8,071			—			—			15,571			—
Others		(678	)		721			1,995			14,649			(4,440	)		45,461			(2,582	)

Ending balance		(198,473	)		(169,663	)		(296,837	)		(953,543	)		(501,362	)		(845,107	)		(9,385	)


	For the six-month period ended June 30, 2025
	Credit card accounts									Total
	Stage 1			Stage 2			Stage 3			Stage 1			Stage 2			Stage 3			Credit impairment model
Beginning balance		(123,297	)		(115,030	)		(158,167	)		(1,323,126	)		(962,991	)		(1,064,213	)		(7,295	)
Transfer to 12-month expected credit losses		(32,765	)		32,645			120			(142,060	)		133,743			8,317			—
Transfer to lifetime expected credit losses		9,354			(10,601	)		1,247			70,626			(79,171	)		8,545			—
Transfer to credit-impaired financial assets		2,771			9,112			(11,883	)		62,950			135,140			(198,090	)		—
Net reversal(provision) of allowance for credit losses		12,802			(26,592	)		(213,900	)		34,469			(6,460	)		(894,543	)		(2,713	)
Recovery		—			—			(12,052	)		—			—			(49,303	)		—
Charge-off		—			—			164,556			—			—			572,416			—
Disposal		—			—			33,237			19			1,967			206,987			3,205
Interest income from impaired loans		—			—			—			—			—			23,642			—
Others		—			—			—			13,971			(3,719	)		47,456			(2,582	)

Ending balance		(131,135	)		(110,466	)		(196,842	)		(1,283,151	)		(781,491	)		(1,338,786	)		(9,385	)

- 63 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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, 2026
	Consumers									Corporates
	Stage 1			Stage 2			Stage 3			Stage 1			Stage 2			Stage 3			Credit impairment model
Beginning balance		147,019,855			15,304,705			932,172			211,707,132			10,163,569			1,717,711			1,137,650
Transfer to 12-month expected credit losses		6,457,271			(6,447,277	)		(9,994	)		2,530,370			(2,522,944	)		(7,426	)		—
Transfer to lifetime expected credit losses		(8,963,644	)		8,990,878			(27,234	)		(6,534,265	)		6,545,743			(11,477	)		—
Transfer to credit-impaired financial assets		(179,330	)		(225,642	)		404,973			(782,278	)		(532,572	)		1,314,850			—
Charge-off		—			—			(170,937	)		—			—			(346,500	)		—
Disposal		(10	)		(822	)		(114,686	)		(39	)		(2,449	)		(563,494	)		(5,217	)
Net increase(decrease)		2,951,201			(635,216	)		39,445			5,134,276			(1,422,581	)		(110,507	)		348,364

Ending balance		147,285,343			16,986,626			1,053,739			212,055,196			12,228,766			1,993,157			1,480,797


	For the six-month period ended June 30, 2026
	Credit card accounts									Total
	Stage 1			Stage 2			Stage 3			Stage 1			Stage 2			Stage 3			Credit impairment model
Beginning balance		12,520,632			1,133,638			315,217			371,247,619			26,601,912			2,965,100			1,137,650
Transfer to 12-month expected credit losses		417,906			(417,731	)		(174	)		9,405,547			(9,387,952	)		(17,594	)		—
Transfer to lifetime expected credit losses		(685,394	)		687,784			(2,391	)		(16,183,303	)		16,224,405			(41,102	)		—
Transfer to credit-impaired financial assets		(93,802	)		(62,625	)		156,427			(1,055,410	)		(820,839	)		1,876,250			—
Charge-off		—			—			(162,280	)		—			—			(679,717	)		—
Disposal		—			—			(89,207	)		(49	)		(3,271	)		(767,387	)		(5,217	)
Net increase(decrease)		1,067,255			(48,064	)		105,930			9,152,732			(2,105,861	)		34,868			348,364
Changes due to business combinations		—			—			—			—			—			—			—

Ending balance		13,226,597			1,293,002			323,522			372,567,136			30,508,394			3,370,418			1,480,797

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


	For the six-month period ended June 30, 2025
	Consumers									Corporates
	Stage 1			Stage 2			Stage 3			Stage 1			Stage 2			Stage 3			Credit impairment model
Beginning balance		141,003,546			15,063,902			781,868			206,025,023			11,425,641			1,491,816			1,147,147
Transfer to 12-month expected credit losses		3,975,175			(3,964,479	)		(10,696	)		2,774,928			(2,763,660	)		(11,268	)		—
Transfer to lifetime expected credit losses		(5,948,290	)		5,977,116			(28,826	)		(4,148,571	)		4,162,615			(14,044	)		—
Transfer to credit-impaired financial assets		(203,121	)		(225,702	)		428,823			(580,776	)		(554,468	)		1,135,244			—
Charge-off		—			—			(125,125	)		—			—			(282,735	)		—
Disposal		(117	)		(1,425	)		(130,042	)		(16	)		(4,678	)		(451,388	)		(3,205	)
Net increase(decrease)		4,132,003			(1,386,331	)		(101,528	)		3,284,994			(1,518,470	)		77,943			(17,908	)

Ending balance		142,959,196			15,463,081			814,474			207,355,582			10,746,980			1,945,568			1,126,034


	For the six-month period ended June 30, 2025
	Credit card receivables									Total
	Stage 1			Stage 2			Stage 3			Stage 1			Stage 2			Stage 3			Credit impairment model
Beginning balance		11,171,885			1,036,118			279,973			358,200,454			27,525,661			2,553,657			1,147,147
Transfer to 12-month expected credit losses		434,448			(434,254	)		(194	)		7,184,551			(7,162,393	)		(22,158	)		—
Transfer to lifetime expected credit losses		(435,230	)		437,067			(1,837	)		(10,532,091	)		10,576,798			(44,707	)		—
Transfer to credit-impaired financial assets		(89,238	)		(51,608	)		140,846			(873,135	)		(831,778	)		1,704,913			—
Charge-off		—			—			(164,556	)		—			—			(572,416	)		—
Disposal		—			—			(54,202	)		(133	)		(6,103	)		(635,632	)		(3,205	)
Net increase(decrease)		(109,222	)		(166,812	)		134,486			7,307,775			(3,071,613	)		110,901			(17,908	)

Ending balance		10,972,643			820,511			334,516			361,287,421			27,030,572			3,094,558			1,126,034

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

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


	June 30, 2026			December 31, 2025
Cash Management Account asset (CMA asset)		95,000			115,000
Receivables		26,488,636			7,543,495
Accrued income		2,564,466			2,277,963
Telex and telephone subscription rights and refundable deposits		805,925			805,980
Domestic exchange settlement debit		327,398			273,249
Other assets		513,945			437,085
Allowance for credit losses		(314,677	)		(337,663	)

Total		30,480,693			11,115,109

(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, 2026
	Stage 1			Stage 2			Stage 3			Total
Beginning balance		(27,255	)		(13,656	)		(296,752	)		(337,663	)
Transfer to 12-month expected credit losses		(304	)		266			38			—
Transfer to lifetime expected credit losses		237			(316	)		79			—
Transfer to credit-impaired financial assets		245			918			(1,163	)		—
Reversal (provision) of loss allowance		3,876			(1,213	)		9,503			12,166
Charge-off		—			—			10,988			10,988
Disposal		—			—			372			372
Others		(312	)		(323	)		95			(540	)

Ending balance		(23,513	)		(14,324	)		(276,840	)		(314,677	)


	For the six-month period ended June 30, 2025
	Stage 1			Stage 2			Stage 3			Total
Beginning balance		(20,934	)		(22,020	)		(170,060	)		(213,014	)
Transfer to 12-month expected credit losses		(1,032	)		467			565			—
Transfer to lifetime expected credit losses		277			(339	)		62			—
Transfer to credit-impaired financial assets		274			2,168			(2,442	)		—
Reversal (provision) of loss allowance		2,010			5,054			(91,852	)		(84,788	)
Charge-off		—			—			7,019			7,019
Disposal		—			—			611			611
Others		1,407			172			(182	)		1,397

Ending balance		(17,998	)		(14,498	)		(256,279	)		(288,775	)

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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, 2026
	Stage 1			Stage 2			Stage 3			Total
Beginning balance		10,775,002			78,348			599,422			11,452,772
Transfer to 12-month expected credit losses		16,595			(16,554	)		(41	)		—
Transfer to lifetime expected credit losses		(28,771	)		28,858			(87	)		—
Transfer to credit-impaired financial assets		(4,400	)		(4,274	)		8,674			—
Charge-off		—			—			(10,988	)		(10,988	)
Disposal		—			—			(410	)		(410	)
Net increase (decrease)		19,259,182			21,593			73,221			19,353,996

Ending balance		30,017,608			107,971			669,791			30,795,370


	For the six-month period ended June 30, 2025
	Stage 1			Stage 2			Stage 3			Total
Beginning balance		9,435,449			99,254			450,229			9,984,932
Transfer to 12-month expected credit losses		17,924			(15,509	)		(2,415	)		—
Transfer to lifetime expected credit losses		(23,818	)		23,886			(68	)		—
Transfer to credit-impaired financial assets		(7,128	)		(11,357	)		18,485			—
Charge-off		—			—			(7,019	)		(7,019	)
Disposal		—			—			(674	)		(674	)
Net increase (decrease)		12,596,229			(3,775	)		112,937			12,705,391

Ending balance		22,018,656			92,499			571,475			22,682,630

- 67 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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:

•

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.

•

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.

•

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.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

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


	June 30, 2026
	Level 1 (*)		Level 2 (*)		Level 3		Total
Financial assets:
Financial assets at FVTPL
Deposits		259,846		—		—		259,846
Debt securities		4,542,129		6,049,539		100,729		10,692,397
Equity securities		1,707,495		—		585,064		2,292,559
Capital contributions		—		6,859		3,262,711		3,269,570
Beneficiary certificates		1,172,065		4,792,893		7,547,818		13,512,776
Loans		—		335,936		331,663		667,599
Derivative assets		11		9,173,021		850		9,173,882
Other financial assets in foreign currency		—		10,011		90,770		100,781
Others		—		322,320		293,740		616,060

Sub-total		7,681,546		20,690,579		12,213,345		40,585,470

Financial assets at FVTOCI
Debt securities		31,185,196		50,290,261		—		81,475,457
Equity securities		569,723		—		1,127,310		1,697,033
Loans		—		—		272,271		272,271

Sub-total		31,754,919		50,290,261		1,399,581		83,444,761

Derivative assets (designated for hedging)		—		155,219		—		155,219

Total		39,436,465		71,136,059		13,612,926		124,185,450

Financial liabilities:
Financial liabilities at FVTPL
Deposits due to customers		259,081		—		—		259,081
Derivative liabilities		—		8,050,870		1,119		8,051,989
Securities sold		299,131		—		—		299,131

Sub-total		558,212		8,050,870		1,119		8,610,201
Financial liabilities designated to be measured at FVTPL
Deposits due to customers		—		426,494		—		426,494
Derivative liabilities (designated for hedging)		—		1,181,254		—		1,181,254

Total		558,212		9,658,618		1,119		10,217,949

(*)	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.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


	December 31, 2025
	Level 1 (*)		Level 2 (*)		Level 3		Total
Financial assets:
Financial assets at FVTPL
Deposits		261,470		—		—		261,470
Debt securities		4,635,643		4,840,091		76,347		9,552,081
Equity securities		1,063,788		—		549,631		1,613,419
Capital contributions		—		12,186		3,073,129		3,085,315
Beneficiary certificates		1,118,879		4,112,983		7,127,621		12,359,483
Loans		—		901,831		224,615		1,126,446
Derivative assets		—		5,773,283		920		5,774,203
Other financial assets in foreign currency		—		1,898		83,949		85,847
Others		—		146,475		240,736		387,211

Sub-total		7,079,780		15,788,747		11,376,948		34,245,475

Financial assets at FVTOCI
Debt securities		29,820,964		52,240,432		—		82,061,396
Equity securities		363,401		—		1,064,484		1,427,885
Loans		—		—		10,241		10,241

Sub-total		30,184,365		52,240,432		1,074,725		83,499,522

Derivative assets (designated for hedging)		—		217,180		—		217,180

Total		37,264,145		68,246,359		12,451,673		117,962,177

Financial liabilities:
Financial liabilities at FVTPL
Deposits due to customers		263,251		—		—		263,251
Derivative liabilities		—		5,129,428		236		5,129,664
Securities sold		496,518		—		—		496,518

Sub-total		759,769		5,129,428		236		5,889,433

Financial liabilities designated to be measured at FVTPL
Deposits due to customers		—		467,501		—		467,501
Derivative liabilities (designated for hedging)		—		615,361		—		615,361

Total		759,769		6,212,290		236		6,972,295

(*)	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.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

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.

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:

Valuation methods and input variables for each type of financial instrument classified into level 2 as of June 30, 2026 and December 31, 2025 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.	Risk-free market rate, credit spread, matrix method yield to maturity, effective credit grade, company-specific risk spread, weighted average expected maturity of MBS with consideration for prepayment, discount rate.

Equity securities, capital contributions and beneficiary certificates	Fair value is measured by using the net asset value method, prior transaction method, DCF, FCFE (Free Cash Flow to Equity Model), Comparable Company Analysis, Dividend Discount Model, risk adjusted discount rate method, LSMC (Least-Squares Monte Carlo), Hull-White model and Binomial tree model.	Values of underlying assets such as bond, risk-free market rate, terminal growth rate, market risk premium, corporate beta, discount rate based on credit rating, volatility of stock prices, volatility of interest rates, volatility of liquidation value and exchange rates.

Derivatives	Fair value is measured using valuation techniques commonly employed by market participants, including option pricing models, discounted cash flow (DCF) models, Least-Squares Monte Carlo (LSMC), net asset value method, implied forward rate calculation methods, regression analysis methods, and valuation techniques based on observable market inputs for derivatives such as interest rate swaps, currency swaps, etc.	Discount rate, volatility of underlying assets, exchange rate, risk-free market rate, credit spread, forward rate, OIS, KTB, and CDS rates.

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.	Discount rate, swaption volatility, etc.

Valuation methods and input variables for each type of financial instrument classified into Level 3 as of June 30, 2026 and December 31, 2025 are as follows :

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


	Valuation methods	Input variables
Loans	Fair value is measured by using the DCF model (Discounted Cash Flow Model), LSMC (Least-Squares Monte Carlo) and Hull-White which are generally used in the market considering the price of underlying assets and volatility.	Price of underlying assets, volatility, discount rate, volatility of stock, risk-free market rate, credit spread, interest rate, correlation coefficient

Equity securities, capital contributions and beneficiary certificates	Fair value is measured using one or more valuation methodologies—such as the Discounted Cash Flow (DCF) model, Free Cash Flow to Equity (FCFE) model, comparable company analysis, dividend discount model, risk-adjusted discount rate method, net asset value method, LSMC, binomial model, market approach, Hull-White model, Monte-Carlo Simulation or precedent transactions model —selected as appropriate in consideration of the characteristics of the valuation subject.	Risk-free market return, market risk premium, company beta, stock price, underlying asset volatility, fair value of underlying assets, price of the underlying asset, recent transaction price, discount rate based on credit rating, interest rate volatility, real estate sale price volatility, price-to-book ratio (PBR), price-to-sales ratio (PSR), net asset value, paid-in capital increase amount, issuance information by instrument, matrix-based yield to maturity (YTM), company-specific risk spread, perpetual growth rate, liquidation value change rate and interest rate.

Debt securities	Fair value is measured by using the LSMC (Least-Squares Monte Carlo) and Hull-White.	Discount rate based on credit rating, volatility of stock, Interest rate volatility.

Derivatives	Fair value is measured by models such as option model.	Stock price, volatility of underlying assets 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.

- 72 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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, 2026
	Fair value measurement technique	Type	Significant unobservable inputs	Range	Impact of changes in significant unobservable inputs on fair value measurement
Debt securities	LSMC(Hull-White)		Volatility	38.50%~101.49%	Variation of fair value increases as volatility increases.

Loans	DCF model		Discount rate	0.16% ~ 5.75%	Fair value increases as discount rate decreases.

	Hull-White model		Volatility	0.65%, 1.03%	Variation of fair value increases as volatility increases.

Derivative assets	Option valuation model and others	Equity related	Stock prices, Volatility of underlying asset	45.58%	Variation of fair value increases as volatility and stock price increases.

			Discount rate	13.87%~14.36%	Fair value increases as discount rate decreases.

			Liquidation value	0.00%	Fair value increases as liquidation value increases.

Equity securities, capital contributions, and Beneficiary certificates	Binomial Tree		Volatility of stock	41.11%	Variation of fair value increases as volatility of stock increases.

			Stock prices, Volatility of underlying asset	19.82%~48.05%	Variation of fair value increases as volatility and stock price increases

	DCF model and others		Discount rate	3.04%~18.23%	Fair value increases as discount rate decreases.

			Terminal growth rate	0.00%~1.00%	Fair value increases as terminal growth rate increases.

			Interest rate	2.72%~4.34%	Fair value increases as interest rate decreases.

			Liquidation value	-1.00%~1.00%	Fair value increases as liquidation value increases.

			Weighted Average Cost of Capital	7.78%~9.78%	Fair value increases as weighted average cost of capital decreases.

			Volatility	3.49%~50.96%	Variation of fair value increases as volatility increases.

	LSMC(Hull-White)		Volatility	0.65%	Variation of fair value increases as volatility increases.

			Discount rate	3.61% ~ 7.48%	Fair value increases as discount rate decreases.

	Market approach		Stock price	8,059	Variation of fair value increases as stock price increases.

	Net asset value method		Volatility of liquidation value, etc.	0.00%	Fair value increases as liquidation value increases.

Others	Binomial Tree		Stock prices, Volatility of underlying asset	19.82%~65.17%	Variation of fair value increases as volatility and stock price increases.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


	December 31, 2025
	Fair value measurement technique	Type	Significant unobservable inputs	Range	Impact of changes in significant unobservable inputs on fair value measurement
Debt securities	LSMC(Hull-White)		Volatility	23.45%~37.48%	Variation of fair value increases as volatility increases.

Loans	DCF model and others		Discount rate	0.70%~5.26%	Fair value increases as discount rate decreases.

Derivatives	Option valuation model and others	Equity related	Stock prices, Volatility of underlying asset	22.55%	Variation of fair value increases as volatility and stock price increases.

			Discount rate	16.88%	Fair value increases as discount rate decreases.

			Liquidation value	0.00%	Fair value increases as liquidation value increases.

Stocks, capital contributions, and beneficiary certificates	Binomial Tree		Volatility of stock	20.19%~31.51%	Fair value increases as volatility of stock increases
			Stock prices, Volatility of underlying asset	14.91%~34.34%	Variation of fair value increases as volatility of underlying asset and stock price increases.

	DCF model and others		Discount rate	2.77%~19.05%	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%~12.41%	Fair value increases as liquidation value increases.

			Interest rate	2.38%~3.42%	Fair value increases as interest rate decreases.

	LSMC(Hull-White)		Volatility	0.56%	Variation of fair value increases as volatility increases.

			Discount rate	3.83%~6.10%	Fair value increases as discount rate decreases.

	Market Value Approach		Stock volatility	27.86%~31.51%	Variation of fair value increases as stock volatility increases.

Others	Binomial Tree and others		Stock prices, Volatility of underlying asset	14.91%~42.44%	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.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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, 2026
	Beginning balance		Net income (loss) (*1)			Other comprehensive income		Purchases/ issuances		Disposals / settlements			Transfer to or out of Level 3 (*2)			Ending balance
Financial assets:
Financial assets at FVTPL
Debt securities		76,347		(243	)		—		28,140		(3,515	)		—			100,729
Equity securities		549,631		51,777			—		79,444		(94,427	)		(1,361	)		585,064
Capital contributions		3,073,129		65,750			—		346,677		(222,845	)		—			3,262,711
Beneficiary certificates		7,127,621		66,743			—		571,495		(218,041	)		—			7,547,818
Loans		224,615		(3,832	)		—		312,901		(196,825	)		(5,196	)		331,663
Derivative assets		920		(70	)		—		—		—			—			850
Other foreign currency financial assets		83,949		4,067			—		2,754		—			—			90,770
Others		240,736		5,799			—		50,998		(3,793	)		—			293,740

Sub-total		11,376,948		189,991			—		1,392,409		(739,446	)		(6,557	)		12,213,345

Financial assets at FVTOCI
Equity securities		1,064,484		—			27,187		36,004		(365	)		—			1,127,310
Loans		10,241		—			42		273,336		(11,348	)		—			272,271
Sub-total		1,074,725		—			27,229		309,340		(11,713	)		—			1,399,581

Total		12,451,673		189,991			27,229		1,701,749		(751,159	)		(6,557	)		13,612,926

Financial liabilities:
Financial liabilities at FVTPL
Derivative liabilities		236		883			—		—		—			—			1,119

Total		236		883			—		—		—			—			1,119

(*1)

For financial liabilities, positive numbers represent losses that increase balance and negative numbers represent gains that decrease balance. The gain amounting to 182,209 million Won for the period ended June 30, 2026, 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.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


	For the six-month period ended June 30, 2025
	Beginning balance		Net income (loss) (*1)			Other comprehensive income			Purchases/ issuances		Disposals / settlements			Transfer to or out of Level 3 (*2)			Ending balance
Financial assets:
Financial assets at FVTPL
Debt securities		7,357		1,674			—			35,607		(1,504	)		—			43,134
Equity securities		398,899		(3,793	)		—			35,991		(12,949	)		(13,119	)		405,029
Capital contributions		2,853,513		(21,953	)		—			211,219		(136,155	)		—			2,906,624
Beneficiary certificates		2,105,160		(9,377	)		—			152,135		(91,808	)		—			2,156,110
Loans		34,776		1,310			—			20,835		(6,555	)		—			50,366
Derivative assets		1,188		81			—			—		(53	)		—			1,216
Other foreign currency financial assets		48,345		(3,225	)		—			33,732		—			—			78,852
Others		238,266		6,825			—			2,545		(12,561	)		—			235,075

Sub-total		5,687,504		(28,458	)		—			492,064		(261,585	)		(13,119	)		5,876,406

Financial assets at FVTOCI
Equity securities		559,434		—			22,709			—		(26	)		(5,216	)		576,901
Loans		—		—			(9	)		66,102		(28,549	)		—			37,544

Sub-total		559,434		—			22,700			66,102		(28,575	)		(5,216	)		614,445

Total		6,246,938		(28,458	)		22,700			558,166		(290,160	)		(18,335	)		6,490,851

Financial liabilities:
Financial liabilities at FVTPL
Derivative liabilities		1,402		—			—			—		(1,402	)		—			—

Total		1,402		—			—			—		(1,402	)		—			—

(*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.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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 two or more unobservable input variables, the sensitivity analysis is calculated by assuming the most favorable or the most unfavorable scenario. 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 13,614,045 million Won and 12,451,909 million Won as of June 30, 2026 and December 31, 2025, respectively, equity instruments of 7,318,619 million Won and 6,234,075 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, 2026 and December 31, 2025 is as follows (Unit: Korean Won in millions):


	June 30, 2026
	Net income (loss)					Other comprehensive income (loss)
	Favorable		Unfavorable			Favorable		Unfavorable
Financial assets:
Financial assets at FVTPL
Derivative assets (1)(4)		24		(25	)		—		—
Loans (*2)		201		(621	)		—		—
Debt securities (*3)		1,260		(1,160	)		—		—
Equity securities (2) (4) (*5)		15,839		(12,703	)		—		—
Beneficiary certificates (5)(6)		51,971		(54,296	)		—		—
Others (*4)		2,957		(2,712	)		—		—
Financial assets at FVTOCI
Equity securities (*5)		—		—			61,151		(61,176	)

Total		72,252		(71,517	)		61,151		(61,176	)

(*1)	Fair value changes of equity related derivatives assets and liabilities are calculated by increasing or decreasing liquidation value or discount rate, which are major unobservable variables, by 1%p 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%~1%), which are major unobservable variables.

(*3)	Fair value changes of debt 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%~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 discount rate (-1%p~1%p) and growth rate (-1%p~2%p) and or liquidation value (-1%p~1%p), which are major unobservable variables.

(*6)

Even if the sensitivity analysis of the beneficiary certificates is not possible in practice, fair value changes of the financial assets 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 by 1%p.

- 77 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


	December 31, 2025
	Net income (loss)					Other comprehensive income (loss)
	Favorable		Unfavorable			Favorable		Unfavorable
Financial assets:
Financial assets at FVTPL
Derivative assets (1) (4)		19		(19	)		—		—
Loans (*2)		258		(265	)		—		—
Debt securities (*3)		1,343		(1,360	)		—		—
Equity securities (2) (4) (*5)		23,858		(17,454	)		—		—
Beneficiary certificates (5) (6)		55,124		(52,986	)		—		—
Others (*4)		2,731		(2,458	)		—		—
Financial assets at FVTOCI
Equity securities (*5)		—		—			50,556		(44,137	)

Total		83,333		(74,542	)		50,556		(44,137	)

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

(*2)	Fair value changes of equity securities are calculated by increasing or decreasing the correlation between the key unobservable inputs—growth rate (0%p~1%p) and discount rate, or liquidation value (-1%~1%) and discount rate.

(*3)	Fair value changes of debt 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%~10%) and volatility (-10%~10%), 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)

(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). Fair value information for cash that is not measured at fair value because the carrying amount is a reasonable approximation of fair value is not included.


	June 30, 2026
	Fair value								Carrying amount
	Level 1		Level 2		Level 3		Total		Carrying amount
Financial assets:
Securities at amortized cost		6,754,257		11,460,687		—		18,214,944		18,416,435
Loans and other financial assets at amortized cost		—		28,063,177		411,269,957		439,333,134		438,444,199
Financial liabilities:
Deposits due to customers		—		377,716,389		—		377,716,389		378,088,907
Borrowings		—		39,899,871		530,006		40,429,877		40,530,558
Debentures		—		56,821,156		1,294,877		58,116,033		58,663,306
Investment contract liabilities		—		—		4,181,817		4,181,817		4,181,817
Other financial liabilities (*)		—		54,559,155		925,154		55,484,309		55,557,531

(*)	Lease liabilities are excluded as of June 30, 2026.

- 78 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


	December 31, 2025
	Fair value								Carrying amount
	Level 1		Level 2		Level 3		Total		Carrying amount
Financial assets:
Securities at amortized cost		6,900,333		11,750,572		—		18,650,905		18,707,459
Loans and other financial assets at amortized cost		—		9,214,407		405,939,832		415,154,239		412,495,783
Financial liabilities:
Deposits due to customers		—		376,725,914		—		376,725,914		376,580,845
Borrowings		—		33,953,026		184,609		34,137,635		34,183,267
Debentures		—		54,302,059		1,256,084		55,558,143		55,583,392
Investment contract liabilities		—		—		3,433,611		3,433,611		3,433,611
Other financial liabilities (*)		—		36,473,258		932,195		37,405,453		37,576,486

(*)	Lease liabilities are excluded as of December 31, 2025.

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 flow of debt products by applying the market discount rate that is reflecting credit rating of the Group or the market discount rate used for similar in products.	Risk-free market rate, credit spread and forward rate

Investment contract liabilities	Since it is difficult to derive reliable expected cash flows, the book value of the reserves calculated in accordance with the Insurance Business Act and the Insurance Supervisory Regulations was used as a proxy for fair value.	—

(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 period ended June 30
	2026		2025
Beginning balance		—		28
Amounts recognized in losses		—		(28	)

Ending balance		—		—

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 loss as of June 30, 2026 and 2025.

- 79 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(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, 2026
Financial assets	Financial assets at FVTPL		Financial assets at FVTOCI		Financial assets at amortized cost		Derivatives assets (designated for hedging)		Total
Deposits		259,846		—		3,392,689		—		3,652,535
Securities		30,391,555		83,172,490		18,416,435		—		131,980,480
Loans		667,599		272,271		404,570,817		—		405,510,687
Derivative assets		9,173,882		—		—		155,219		9,329,101
Other financial assets		92,588		—		30,480,693		—		30,573,281

Total		40,585,470		83,444,761		456,860,634		155,219		581,046,084


	June 30, 2026
Financial liabilities	Financial liabilities at FVTPL		Financial liabilities designated to be measured at FVTPL		Financial liabilities at amortized cost		Derivatives liabilities (designated for hedging)		Total
Deposits due to customers		259,081		426,494		378,088,907		—		378,774,482
Borrowings		299,131		—		40,530,558		—		40,829,689
Debentures		—		—		58,663,306		—		58,663,306
Investment contract liabilities		—		—		4,181,817		—		4,181,817
Derivative liabilities		8,051,989		—		—		1,181,254		9,233,243
Other financial liabilities (*)		—		—		55,557,532		—		55,557,532

Total		8,610,201		426,494		537,022,120		1,181,254		547,240,069

(*)	Lease liabilities are excluded as of June 30, 2026.

- 80 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


	December 31, 2025
Financial assets	Financial assets at FVTPL		Financial assets at FVTOCI		Financial assets at amortized cost		Derivatives assets (designated for hedging)		Total
Deposits		261,470		—		2,674,644		—		2,936,114
Securities		26,997,640		83,489,281		18,707,459		—		129,194,380
Loans		1,126,446		10,241		398,706,030		—		399,842,717
Derivative assets		5,774,203		—		—		217,180		5,991,383
Other financial assets		85,716		—		11,115,109		—		11,200,825

Total		34,245,475		83,499,522		431,203,242		217,180		549,165,419


	December 31, 2025
Financial liabilities	Financial liabilities at FVTPL		Financial liabilities designated to be measured at FVTPL		Financial liabilities at amortized cost		Derivatives liabilities (designated for hedging)		Total
Deposits due to customers		263,251		467,501		376,580,845		—		377,311,597
Borrowings		496,518		—		34,183,267		—		34,679,785
Debentures		—		—		55,583,392		—		55,583,392
Investment contract liabilities		—		—		3,433,611		—		3,433,611
Derivative liabilities		5,129,664		—		—		615,361		5,745,025
Other financial liabilities (*)		—		—		37,576,486		—		37,576,486

Total		5,889,433		467,501		507,357,601		615,361		514,329,896

(*)	Lease liabilities are excluded as of December 31, 2025.

- 81 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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 (%)
Joint ventures and associates	Main business		June 30, 2026		December 31, 2025		Location		Financial statements as of
Woori Bank
W Service Networks Co., Ltd. (1) (4)		Freight & staffing services		4.9		4.9		Korea		2026-05-31
Korea Credit Bureau Co., Ltd. (*2)		Credit information		9.9		9.9		Korea		2026-06-30
Korea Finance Security Co., Ltd. (2) (4)		Security service		15.0		15.0		Korea		2026-05-31
Wongwang Co., Ltd. (*3)		Wholesale and real estate		29.0		29.0		Korea		—
Sejin Construction Co., Ltd. (*3)		Construction		29.6		29.6		Korea		—
ARES-TECH Co., Ltd. (*3)		Electronic component manufacturing		23.4		23.4		Korea		—
Beomgyo.,Ltd. (*3)		Telecommunication equipment retail sales		23.1		23.1		Korea		—
K BANK Co., Ltd. (*7)		Finance		—		12.0		Korea		—
Partner One Value Up I Private Equity Fund		Other financial services		23.3		23.3		Korea		2026-06-30
IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership (*3)		Other financial services		20.0		20.0		Korea		2026-06-30
Crevisse Raim Impact 1st Startup Venture Specialist Private Equity Fund		Other financial services		25.0		25.0		Korea		2026-06-30
LOTTE CARD Co., Ltd. (*4)		Credit card and installment financing		20.0		20.0		Korea		2026-03-31
Union Technology Finance Investment Association		Other financial services		29.7		29.7		Korea		2026-06-30
Orient Shipyard Co., Ltd. (3) (4)		Manufacture of sections for ships		22.7		22.7		Korea		2026-03-31
Win Mortgage Co.,Ltd. (1) (4)		Other financial services		4.5		4.5		Korea		2026-03-31
Samsung Together Korea IPPF private securities investment trust 3 [Equity-FoFs]		Other financial services		100.0		100.0		Korea		2026-06-30
BTS 2nd Private Equity Fund		Other financial services		20.0		20.0		Korea		2026-06-30
STASSETS FUND III		Other financial services		28.3		28.3		Korea		2026-06-30
SF CREDIT PARTNERS, LLC(*2)		Other financial services		10.0		10.0		United States		2026-06-30
Dongwoo C & C Co., Ltd. (*3)		Construction		23.2		23.2		Korea		—
G2 Collection Co., Ltd. (*3)		Wholesale and retail sales		28.9		28.9		Korea		—
PREXCO Co., Ltd. (*3)		Manufacturing		28.1		28.1		Korea		—
JiWon Plating Co., Ltd. (*3)		Plating		20.5		20.8		Korea		—
2026 SAZZE-IBKVC Deep Tech Fund (*11)		Other financial services		23.8		—		Korea		2026-06-30
Woori Bank (*5)
Japanese Hotel Real Estate Private Equity Fund No.2		Other financial services		19.9		19.9		Korea		2026-06-30
Woori Seoul Beltway Private Special Asset Fund No.1		Trust and collective investment		25.0		25.0		Korea		2026-06-30

- 82 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


		Percentage of ownership (%)
Joint ventures and associates	Main business	June 30, 2026		December 31, 2025		Location	Financial statements as of
Woori Smart General Private Equity Investment Trust 1(bond)	Collective investment business		—		28.6	Korea		2026-06-30
Woori Asset Global Partnership Fund No. 5	Collective investment business		57.7		57.7	Korea		2026-06-30
Woori General Private Securities Investment Trust No. 5 (bond)	Collective investment business		28.6		28.6	Korea		2026-06-30
Woori Big Satisfaction General Private Securities Investment Trust No. 3 (bond)	Collective investment business		8.5		8.7	Korea		2026-06-30
Woori General Private Securities Investment Trust No. 6 (bond)	Collective investment business		28.6		28.6	Korea		2026-06-30
Woori General Private Securities Investment Trust No. 8 (bond)	Collective investment business		28.6		28.6	Korea		2026-06-30
Woori Smart General Private Equity Investment Trust No.1(bond)	Collective investment business		28.4		28.4	Korea		2026-06-30
Woori Future Energy Private Special Asset Investment Trust(General) No.1	Collective investment business		16.0		16.0	Korea		2026-06-30
Woori Financial Capital Co., Ltd.
WOORI TAERIM 1st Fund	Other financial services		25.6		25.6	Korea		2026-06-30
Darwin Green Packaging Private Equity Fund	Other financial services		20.4		20.4	Korea		2026-06-30
Koreawide partners 2nd Private Equity Fund	Other financial services		26.7		26.7	Korea		2026-06-30
Woori Investment Securities Co., Ltd.
Lux-Mason Innovation Technology Fund#2	Other financial services		23.1		23.1	Korea		2026-06-30
AIP NMC Venture Fund No.1	Other financial services		26.8		26.8	Korea		2026-06-30
ST Fund No.52 (*11)	Other financial services		45.5		—	Korea		2026-06-30
AP K-Beauty Investment Fund 1 (*11)	Other financial services		68.2		—	Korea		2026-06-30
Wanted Lab 2601 New Technology Investment Fund (*11)	Other financial services		23.8		—	Korea		2026-06-30
Best New Mobility New Technology Investment Fund 2^nd (*11)	Other financial services		46.9		—	Korea		2026-06-30
Pioneer Investment Fund 3 (*11)	Other financial services		31.3		—	Korea		2026-06-30
Daea 2026 Semiconductor Investment Fund (*11)	Other financial services		31.7		—	Korea		2026-06-30
Wanted Lab 2607 New Technology Investment Fund (*11)	Other financial services		22.5		—	Korea		2026-06-30
Wanted Lab 2608 New Technology Investment Fund (*11)	Other financial services		36.7		—	Korea		2026-06-30

- 83 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


			Percentage of ownership (%)
Joint ventures and associates	Main business		June 30, 2026		December 31, 2025		Location		Financial statements as of
Woori Investment Securities Co., Ltd. (*5)
Woori FirstValue Private Real Estate Fund No.2		Real estate business		12.0		12.0		Korea		2026-06-30
Tongyang Life Insurance Co., Ltd. (*5)
Woori Global Secondary Private Placement Investment Trust No. 2		Collective investment business		12.0		12.0		Korea		2026-06-30
Woori Big Satisfaction Corporation MMF No. 1 (Government Bond)		Collective investment business		0.9		0.7		Korea		2026-06-30
ABL Life Insurance Co., Ltd. (*5)
Woori GS West Street Strategic Solutions General Type Private Special Asset Investment Trust No.1		Collective investment business		25.0		25.0		Korea		2026-06-30
Woori PGIF4 General Type Private Special Asset Investment Trust No.1		Collective investment business		20.0		20.0		Korea		2026-06-30
Woori Asset Management Co. Ltd.
Woori Following Foreigners 40 Securities Sub-Investment Trust [Bond Mixed-Fund of Funds] (*11)		Other financial services		21.0		—		Korea		2026-06-30
Woori Secondary Fund 1 (*11)		Other financial services		21.6		—		Korea		2026-06-30
Woori Private Equity Asset Management Co., Ltd.
Australia Green Energy 1st PEF(*10)		Other financial services		4.0		4.0		Korea		2026-06-30
Aarden Woori Apparel 1st Private Equity Fund (*10)		Other financial services		0.5		0.5		Korea		2026-06-30
NH Woori Dino Co-Investment NO.2 Private Equity Fund (*10)		Other financial services		4.8		4.8		Korea		2026-06-30
Woori Bailey National Growth Private Equity Fund(10)(11)		Other financial services		0.8		—		Korea		2026-06-30
Woori Financial F&I Co., Ltd.
KCLAVIS NPL Investment Trust NO 1-2		Collective investment business		35.9		35.9		Korea		2026-06-30
Capstone Special Restructuring Private Investment Trust No.4		Collective investment business		46.2		46.2		Korea		2026-06-30
Woori Venture Partners Co., Ltd.
KTB-KORUS FUND(*8)		Asset Management		37.5		37.5		Korea		2026-06-30
KTBN Venture Fund No.8(8) (9)		Asset Management		21.7		21.7		Korea		2026-06-30
KTBN Digital Contents Korea Fund No.9(*7)		Asset Management		—		30.0		Korea		—
KTBN Media Contents Fund (8) (9) (*10)		Asset Management		15.0		15.0		Korea		2026-06-30
KTB China Synergy Fund(8) (9) (*10)		Asset Management		15.1		15.1		Korea		2026-06-30
KTBN Venture Fund No.13(8) (9) (*10)		Asset Management		19.6		19.6		Korea		2026-06-30

- 84 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


		Percentage of ownership (%)
Joint ventures and associates	Main business	June 30, 2026		December 31, 2025		Location	Financial statements as of
KTBN Future Contents Fund(9) (10)	Asset Management		13.3		13.3	Korea		2026-06-30
KTBN Venture Fund No.16(*10)	Asset Management		10.3		10.3	Korea		2026-06-30
KTBN Venture Fund No.18(*10)	Asset Management		10.1		10.1	Korea		2026-06-30
KB-KTB Technology Venture Fund(*10)	Asset Management		18.2		18.2	Korea		2026-06-30
Woori 2022 Scaleup Venture Fund	Asset Management		20.0		20.0	Korea		2026-06-30
Woori 2022 Start-up Venture Fund	Asset Management		30.1		30.1	Korea		2026-06-30
Woori 2025 Secondary Fund	Asset Management		20.0		20.0	Korea		2026-06-30
Chirochem	Medical material Manufacturing		28.6		28.6	Korea		2026-06-30
Japanese Hotel Real Estate Private Equity Fund 1
Godo Kaisha Oceanos 1 (*7)	Other financial services		—		47.8	Japan		—
Woori ESG Infrastructure Development General Type Private Investment Trust No.1
Ulsan Yeocheon Development Co., Ltd.	Sewage and wastewater management		50.0		50.0	Korea		2026-06-30
Woori bank and Woori card Co., Ltd. (*5)
SJCO Co., Ltd. (*3)	Aggregate transportation and wholesale		29.8		29.8	Korea		—
KG Fashion Co., Ltd. (3)(4)	Manufacturing		20.8		20.8	Korea		2026-05-31
Kyesan Engineering Co., Ltd. (*3)	Construction		23.3		23.3	Korea		—
Good Software Lap Co., Ltd. (*3)	Service		29.4		29.4	Korea		—
DAEA SNC Co., Ltd. (*3)	Wholesale and retail sales		25.5		25.5	Korea		—
Youngdong Sea Food Co., Ltd. (*3)	Processed sea food manufacturing		24.5		24.5	Korea		—
KUM HWA Co., Ltd. (*3)	Telecommunication equipment retail sales		20.1		20.1	Korea		2026-06-30
Jinmyung Plus Co., Ltd. (*3)	Manufacturing		21.3		21.3	Korea		—
Rea Company (*3)	Manufacturing		26.1		26.1	Korea		—
ARAM CMC Co.,Ltd. (*3)	Manufacturing		20.1		20.1	Korea		—
MARKET&FARM CO.,LTD. (3) (4)	Wholesale and commodity brokerage		23.7		23.7	Korea		2026-03-31
SAMJI TEXTILE CO.,LTD. (*3)	Wholesale and commodity brokerage		29.8		29.8	Korea		—
TH International Co., LTD (*3)	Cosmetics wholesale and general travel services		21.5		21.5	Korea		—
Woori bank and Woori Financial Capital Co., Ltd. (*5)
JC Assurance No.2 Private Equity Fund (*8)	Other financial services		23.4		23.4	Korea		—
Genesis Eco No.1 Private Equity Fund	Other financial services		29.0		29.0	Korea		2026-06-30

- 85 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


		Percentage of ownership (%)
Joint ventures and associates	Main business	June 30, 2026		December 31, 2025		Location		Financial statements as of
Paratus Woori Material Component Equipment joint venture company	Other financial services		29.9		29.9		Korea		2026-06-30
Midas No. 8 Private Equity Joint Venture Company	Other financial services		28.5		28.5		Korea		2026-06-30
Orchestra Private Equity Fund IV	Other financial services		28.2		28.2		Korea		2026-06-30
Synaptic Green No.1 PEF	Other financial services		21.1		21.1		Korea		2026-06-30
IGEN2022No. 1 Private Equity Fund	Other financial services		24.8		24.8		Korea		2026-06-30
PCC-Woori LP Secondary Fund	Other financial services		38.8		38.8		Korea		2026-06-30
Synaptic Future Growth Private Equity Fund 1	Other financial investment		23.8		23.8		Korea		2026-06-30
Woori bank and Tongyang Life Insurance Co., Ltd. (*5)
VOGO Fund (*3)	Other financial investment		24.0		24.0		Korea		—
Woori Productive Financing Education Infrastructure General Private Special Asset Investment Trust No.1	Collective investment business		14.6		14.6		Korea		2026-06-30
Woori Bank and Woori Venture Partners Co., Ltd. (*5)
Woori Venture-EverBest Corporate Turnaround Private Equity Fund (10)(11)	Other financial investment		24.9		—		Korea		2026-06-30
Woori Investment Securities Co., Ltd. and Woori Financial Capital Co., Ltd. (*5)
Healthcare Investmetnt Fund	Other financial investment		28.8		28.8		Korea		2026-06-30
NP Productive Finance Private Equity 1st Fund (*11)	Other financial investment		21.8		—		Korea		2026-06-30
E&H Private Equity Fund (*11)	Other financial investment		25.3		—		Korea		2026-06-30
Woori Asset Management Co., Ltd. and Tongyang Life Insurance Co., Ltd. (*5)
Woorinara Short-Term Bond Securities Investment Trust (Bond)	Collective investment business		1.6		6.8		Korea		2026-06-30
ABL Life Insurance Co., Ltd. and Woori Asset Management Co., Ltd. (*5)
Woori Together TDF 2025	Collective investment business		21.6		17.2		Korea		2026-06-30
Woori Together TDF 2030	Collective investment business		17.5		17.3		Korea		2026-06-30
Woori Together TDF 2035	Collective investment business		4.6		4.3		Korea		2026-06-30

- 86 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


		Percentage of ownership (%)
Joint ventures and associates	Main business	June 30, 2026		December 31, 2025		Location		Financial statements as of
Woori Together TDF 2040	Collective investment business		18.0		20.4		Korea		2026-06-30
Woori Investment Securities Co., Ltd. and Woori Asset Management Co., Ltd. (*5)
Woori Oncorp Corporate support of Major Industry General Type Private Investment Trust 2	Collective investment business		7.2		4.4		Korea		2026-06-30
Woori Bank and Woori Private Equity Asset Management Co., Ltd. (*5)
Woori-Q Corporate Restructuring Private Equity Fund (*6)	Trust and collective investment		34.1		34.3		Korea		2026-06-30
Woori Eugene Energy Link Private Equity Fund	Other financial services		7.9		7.9		Korea		2026-06-30
Woori NH Co-Growth Private Equity Fund I	Other financial services		20.0		20.0		Korea		2026-06-30
ABL Life Insurance Co., Ltd. and Woori Private Equity Asset Management Co., Ltd. (*5)
Woori Dyno 1st Private Equity Fund (*10)	Other financial services		49.0		19.6		Korea		2026-06-30
Woori Bank, ABL Life Insurance Co., Ltd. and Woori Private Equity Asset Management Co., Ltd. (*5)
Woori IMM Green Net Zero Fund	Other financial services		23.6		23.6		Korea		2026-06-30
Woori Financial Capital Co., Ltd., Woori Private Equity Asset Management Co., Ltd. (*5)
NH Woori New deal Co-Investment No.1 Private Equity Fund	Other financial services		19.5		19.5		Korea		2026-06-30
Woori Venture Partners Co., Ltd., ABL Life Insurance Co., Ltd. and Woori Asset Management Corp. (*5)
Woori BIG SATISFACTION SHINJONG MMF 3rd	Collective investment business		4.1		6.4		Korea		2026-06-30
Woori Bank, Woori Financial Capital Co., Ltd., Woori Investment Securities Co., Ltd. and Woori Private Equity Asset Management Co., Ltd. (*5)
Woori-Shinyoung Growth-Cap Private Equity Fund I	Other financial services		35.0		35.0		Korea		2026-06-30
NH Woori Newdeal Growth Alpha Private Equity Fund 1	Other financial services		33.0		33.0		Korea		2026-06-30

- 87 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

Percentage of ownership (%)

Joint ventures and associates

Main
business

June 30,
2026

December 31,
2025

Location

Financial
statements as of

Woori Bank, Woori card Co., Ltd., Woori Investment Securities Co., Ltd. and Woori Asset Management Corp. (*5)

Woori Real Estate Investment No. 1 Limited Liability Company

Collective
investment
business

19.9

Korea

2026-06-30

(*1)	Most of the significant business transactions of associates are with the Group as of June 30, 2026 and December 31, 2025.

(*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, 2026 and December 31, 2025.

(*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 as of June 30, 2026.

(*8)	It has been liquidating as of June 30, 2026.

(*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 as of June 30, 2026.

- 88 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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, 2026
	Acquisition cost		January 1, 2026		Share of profits(losses), etc			Acquisition		Disposal/ Reclassification			Dividends			Change in capital, etc		June 30, 2026
W Service Networks Co., Ltd.		108		204		(9	)		—		—			(5	)		—		190
Korea Credit Bureau Co., Ltd.		3,313		12,354		1,333			—		—			(450	)		—		13,237
Korea Finance Security Co., Ltd.		3,267		3,832		(190	)		—		—			—			—		3,642
K BANK Co., Ltd.		—		269,700		—			—		(269,700	)		—			—		—
Partner One Value Up I Private Equity Fund		5,039		2,010		(926	)		—		—			—			—		1,084
IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership		—		1,235		(1	)		—		—			—			—		1,234
Crevisse Raim Impact 1st Startup Venture Specialist Private Equity Fund		4,680		4,630		(492	)		50		—			—			—		4,188
LOTTE CARD Co.,Ltd.		346,810		590,619		(5,176	)		—		—			(4,724	)		13,750		594,469
Union Technology Finance Investment Association		13,449		9,283		(826	)		—		—			—			—		8,457
Orient Shipyard Co., Ltd.(*)		—		—		—			—		—			—			—		—
Win Mortgage Co.,Ltd.		23		101		(25	)		—		—			—			—		76
Samsung Together Korea IPPF private securities investment trust 3 [Equity-FoFs]		10,000		11,082		111			—		—			—			—		11,193
BTS 2nd Private Equity Fund		9,824		8,244		338			1,058		—			—			—		9,640
STASSETS FUND III		15,000		12,439		(1,576	)		1,500		—			—			—		12,363
SF CREDIT PARTNERS, LLC		15,504		19,016		1,042			—		—			—			1,415		21,473
Ulsan Yeocheon Development Co., Ltd.		207		201		(11	)		—		—			—			—		190
Japanese Hotel Real Estate Private Equity Fund No.2		3,080		2,696		(8	)		—		(114	)		—			117		2,691
Woori Seoul Beltway Private Special Asset Fund No.1		21,839		19,929		360			2,072		—			(352	)		—		22,009
Woori Smart General Private Equity Investment Trust 1(bond)		40,000		40,525		172			—		(40,697	)		—			—		—
Woori Asset Global Partnership Fund No. 5		93,356		75,146		6,495			11,250		(1,636	)		(1,526	)		—		89,729
Woori General Private Securities Investment Trust No. 5 (bond)		60,000		60,013		775			—		—			—			—		60,788
Woori Big Satisfaction General Private Securities Investment Trust No. 3 (bond)		10,000		10,172		(7	)		—		—			(213	)		—		9,952
Woori General Private Securities Investment Trust No. 6 (bond)		40,000		40,914		550			—		—			(1,166	)		—		40,298
Woori General Private Securities Investment Trust No. 8 (bond)		40,000		39,840		40			—		—			—			—		39,880
Woori Smart General Private Equity Investment Trust No.1(bond)		40,000		39,703		387			—		—			—			—		40,090
Woori Future Energy Private Special Asset Investment Trust(General) No.1		14,288		—		16			14,288		—			—			—		14,304
WOORI TAERIM 1st Fund		1,100		988		—			—		—			—			—		988
Darwin Green Packaging Private Equity Fund		4,000		3,901		(1	)		—		—			—			—		3,900
Koreawide partners 2nd Private Equity Fund		20,000		18,842		(381	)		—		—			—			—		18,461
Lux-Mason Innovation Technology Fund#2		1,500		1,498		(15	)		—		—			—			—		1,483
AIP NMC Venture Fund No.1		2,000		1,997		(20	)		—		—			—			—		1,977
ST Fund No.52		1,000		—		(20	)		1,000		—			—			—		980
AP K-Beauty Investment Fund 1		1,500		—		(13	)		1,500		—			—			—		1,487
Wanted Lab 2601 New Technology Investment Fund		1,000		—		(19	)		1,000		—			—			—		981
Best New Mobility New Technology Investment Fund 2nd		750		—		(6	)		750		—			—			—		744

- 89 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


	For the six-month period ended June 30, 2026
	Acquisition cost		January 1, 2026		Share of profits(losses), etc			Acquisition		Disposal/ Reclassification			Dividends			Change in capital, etc		June 30, 2026
Pioneer Investment Fund 3		500		—		(4	)		500		—			—			—		496
Woori FirstValue Private Real Estate Fund No.2		9,000		212		(1	)		—		—			—			—		211
Woori Global Secondary Private Placement Investment Trust No. 2		11,072		11,011		(385	)		446		(779	)		(470	)		—		9,823
Woori Big Satisfaction Corporation MMF No. 1 (Government Bond)		119,467		30,645		451			60,000		(30,645	)		—			—		60,451
Woori GS West Street Strategic Solutions General Type Private Special Asset Investment Trust No.1		25,513		29,588		1,568			2,097		(3,372	)		(785	)		—		29,096
Woori PGIF4 General Type Private Special Asset Investment Trust No.1		24,678		24,850		1,009			2,310		(680	)		(448	)		—		27,041
Woori Following Foreigners 40 Securities Sub-Investment Trust [Bond Mixed-Fund of Funds]		1,500		—		123			—		1,565			—			—		1,688
Australia Green Energy 1st PEF		4,913		5,445		93			—		—			—			—		5,538
Aarden Woori Apparel 1st Private Equity Fund (*10)		100		93		(1	)		—		—			—			—		92
NH Woori Dino Co-Investment NO.2 Private Equity Fund		2,000		2,035		29			—		—			—			—		2,064
Woori Bailey National Growth Private Equity Fund		2,900		—		(25	)		2,900		—			—			—		2,875
KCLAVIS NPL Investment Trust NO 1-2		15,000		17,146		828			—		—			—			—		17,974
Capstone Special Restructuring Private Investment Trust No.4		15,000		15,113		795			—		—			(802	)		—		15,106
KTB-KORUS FUNDv		—		757		(7	)		—		—			—			—		750
KTBN Venture Fund No.8		195		1,029		4			—		—			—			—		1,033
KTBN Digital Contents Korea Fund No.9		—		2,181		(767	)		—		—			(1,414	)		—		—
KTBN Media Contents Fund		—		204		—			—		—			—			—		204
KTB China Synergy Fund		11,775		18,039		(100	)		—		—			—			—		17,939
KTBN Venture Fund No.13		—		29,240		2,365			—		(400	)		(25,728	)		—		5,477
KTBN Future Contents Fund		2,356		3,006		(20	)		—		—			—			—		2,986
KTBN Venture Fund No.16		4,400		19,585		2,033			—		(4,600	)		—			—		17,018
KTBN Venture Fund No.18		25,650		21,429		85			—		—			—			—		21,514
KB-KTB Technology Venture Fund		10,000		8,457		(250	)		—		—			—			—		8,207
WOORI 2022 Scaleup Venture Fund		54,824		52,411		(167	)		—		—			—			—		52,244
Woori 2022 Start-up Venture Fund		13,100		11,652		(95	)		—		—			—			—		11,557
Woori 2025 Secondary Fund		6,188		6,157		(187	)		—		—			—			—		5,970
Woori Venture-EverBest Corporate Turnaround Private Equity Fund		1,244		—		(69	)		1,244		—			—			—		1,175
Chirochem		250		161		4			—		—			—			—		165
Godo Kaisha Oceanos 1		—		—		—			—		—			—			—		—
KG Fashion Co., Ltd.		—		—		—			—		—			—			—		—
KUM HWA Co., Ltd. (*)		—		—		—			—		—			—			—		—
Jinmyung Plus Co., Ltd.		—		11		—			—		—			—			—		11
Rea Company		—		—		—			—		—			—			—		—
Market&Farm Co., Ltd (*)		—		—		—			—		—			—			—		—
JC Assurance No.2 Private Equity Fund (*)		29,349		—		—			—		—			—			—		—
Genesis Eco No.1 Private Equity Fund		12,000		11,018		(273	)		—		—			—			—		10,745
Paratus Woori Material Component Equipment joint venture company		—		8,090		1,270			—		(9,335	)		—			—		25
Midas No. 8 Private Equity Joint Venture Company		18,419		17,971		750			—		—			(753	)		—		17,968
Orchestra Private Equity Fund IV		9,700		9,588		(3	)		—		—			—			—		9,585

- 90 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


	For the six-month period ended June 30, 2026
	Acquisition cost		January 1, 2026		Share of profits(losses), etc			Acquisition		Disposal/ Reclassification			Dividends			Change in capital, etc		June 30, 2026
Synaptic Green No.1 PEF		8,000		9,047		(1,090	)		—		—			—			—		7,957
IGEN2022No. 1 Private Equity Fund		5,130		6,012		297			—		(185	)		(103	)		—		6,021
PCC-Woori LP Secondary Fund		9,659		8,138		6			—		(776	)		—			—		7,368
Synaptic Future Growth Private Equity Fund 1		7,198		8,089		1,215			76		(3,353	)		—			—		6,027
Woori Productive Financing Education Infrastructure General Private Special Asset Investment Trust No.1		2,028		—		13			2,385		—			(1	)		—		2,397
Healthcare Investment Fund		1,315		2,941		477			—		(2,941	)		(40	)		—		437
Woorinara Short-Term Bond Securities Investment Trust (Bond)		41,863		40,280		6			26,042		(56,103	)		—			—		10,225
Woori Together TDF 2025		3,225		3,866		158			—		—			—			—		4,024
Woori Together TDF 2030		3,863		5,058		418			—		—			—			—		5,476
Woori Together TDF 2035		1,912		2,396		347			—		—			—			—		2,743
Woori Together TDF 2040		3,377		4,437		730			—		—			—			—		5,167
Woori Oncorp Corporate support of Major Industry General Type Private Investment Trust 2		5,248		5,516		181			207		—			—			—		5,904
Woori-Q Corporate Restructuring Private Equity Fund		27,418		33,023		757			—		(884	)		—			—		32,896
Woori Eugene Energy Link Private Equity Fund		5,500		5,699		3,479			—		—			—			—		9,178
Woori NH Co-Growth Private Equity Fund I		5,280		6,189		(1,140	)		—		—			—			—		5,049
Woori Dyno 1st Private Equity Fund		5,454		3,628		1,967			3,454		—			—			—		9,049
Woori IMM Green Net Zero Fund		9,960		10,370		1,512			—		—			(153	)		—		11,729
NH Woori New deal Co-Investment No.1 Private Equity Fund		5,000		3,692		(1,255	)		—		—			—			—		2,437
Woori BIG SATISFACTION SHINJONG MMF 3rd		336,997		130,389		(1,815	)		339,997		(312,837	)		—			—		155,734
Woori-Shinyoung Growth-Cap Private Equity Fund I		3,751		36,324		2,085			—		(10,508	)		(9,122	)		—		18,779
NH Woori Newdeal Growth Alpha Private Equity Fund 1		60,031		61,402		2,408			—		—			—			—		63,810
Woori Real Estate Investment No. 1 Limited Liability Company		34,200		35,274		6,550			—		(96	)		(965	)		—		40,763
2026 SAZZE-IBKVC Deep Tech Fund		10,000		—		(44	)		10,000		—			—			—		9,956
Wanted Lab 2608 New Technology Investment Fund		2,000		—		(22	)		2,000		—			—			—		1,978
Wanted Lab 2607 New Technology Investment Fund		1,000		—		(12	)		1,000		—			—			—		988
Daea 2026 Semiconductor Investment Fund		2,000		—		(48	)		2,000		—			—			—		1,952
Woori Secondary Fund 1		988		—		—			988		—			—			—		988
SAMJI TEXTILE CO., LTD.		—		—		—			—		—			—			—		—
TH International Co., LTD		—		—		—			—		—			—			—		—
NP Productive Finance Private Equity 1st Fund		23,000		—		(112	)		23,000		—			—			—		22,888
E&H Private Equity Fund		15,604		—		(49	)		15,604		—			—			—		15,555

		1,894,731		2,080,008		27,969			530,718		(748,076	)		(49,220	)		15,282		1,856,681

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(*)

The amount for which no loss was recognized for associates due to discontinuation of the equity method was 6 million Won in Market&Farm Co.,Ltd. and the accumulated amount is 183 million Won for KG FASHION CO., LTD., 4 million Won for KUM HWA Co., Ltd., 44 million Won for Market&Farm Co.,Ltd., 672 million Won in JC Assurance No.2 Private Equity Fund.


	For the six-month period ended June 30, 2025
	Acquisition cost		January 1, 2025		Share of profits(losses) and others			Acquisition		Disposal/ Reclassification, etc.			Dividends			Change in capital			June 30, 2025
W Service Networks Co., Ltd.		108		204		(7	)		—		—			(5	)		—			192
Korea Credit Bureau Co., Ltd.		3,313		9,001		1,598			—		—			(90	)		—			10,509
Korea Finance Security Co., Ltd.		3,267		3,616		117			—		—			—			—			3,733
K BANK Co., Ltd.		224,657		262,250		1,301			—		—			—			216			263,767
Partner One Value Up I Private Equity Fund		5,039		2,123		(6	)		—		—			—			—			2,117
IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership		—		2,263		(17	)		—		—			—			—			2,246
Crevisse Raim Impact 1st Startup Venture Specialist Private Equity Fund		4,580		4,532		—			48		—			—			—			4,580
LOTTE CARD Co.,Ltd.		346,810		575,580		6,505			—		—			(7,743	)		(1,713	)		572,629
Union Technology Finance Investment Association		13,449		11,770		(2,437	)		—		—			—			—			9,333
Orient Shipyard Co., Ltd.(*)		—		—		—			—		—			—			—			—
Win Mortgage Co.,Ltd.		23		135		(36	)		—		—			(9	)		—			90
Samsung Together Korea IPPF private securities investment trust 3 [Equity-FoFs]		10,000		10,847		123			—		—			—			—			10,970
BTS 2nd Private Equity Fund		8,146		7,799		(87	)		—		—			—			—			7,712
STASSETS FUND III		12,000		11,178		(111	)		—		—			—			—			11,067
SF CREDIT PARTNERS, LLC		15,504		16,000		475			2,445		—			—			(1,360	)		17,560
Japanese Hotel Real Estate Private Equity Fund No.2		3,143		2,805		41			—		(23	)		(78	)		13			2,758
Woori Seoul Beltway Private Special Asset Fund No.1		17,868		16,076		283			1,942		—			(282	)		—			18,019
Woori Smart General Private Equity Investment Trust 1(bond)		40,000		41,783		989			—		—			(2,541	)		—			40,231
Woori Asset Global Partnership Fund No.5		66,683		54,977		(3,249	)		15,000		(787	)		—			—			65,941
Woori General Private Securities Investment Trust No. 5 (bond)		60,000		60,024		1,559			—		—			—			—			61,583
Woori Big Satisfaction General Private Securities Investment Trust No. 3 (bond)		10,000		10,493		267			—		—			(603	)		—			10,157
Woori General Private Securities Investment Trust No. 6 (bond)		40,000		42,090		1,063			—		—			(2,552	)		—			40,601
Woori General Private Securities Investment Trust No. 7 (Bond)		—		41,116		610			—		(41,726	)		—			—			—
Woori Smart General Private Equity Investment Trust No.1(bond)		40,000		40,477		1,013			—		—			—			—			41,490
Woori Future Energy Private Special Asset Investment Trust(General) No.1		—		—		—			—		—			—			—			—
WOORI TAERIM 1st Fund		1,100		988		—			—		—			—			—			988
Portone-Cape Fund No.1		340		160		58			—		—			—			—			218
Darwin Green Packaging Private Equity Fund		4,000		3,904		(3	)		—		—			—			—			3,901
Koreawide partners 2nd Private Equity Fund		20,000		19,235		(387	)		—		—			—			—			18,848
Woori FirstValue Private Real Estate Fund No.2		9,000		567		3			—		—			—			—			570
Woori Together TDF 2025		—		3,577		43			—		(3,620	)		—			—			—
Woori Together TDF 2050		—		—		(139	)		—		139			—			—			—
Woori Together TDF 2030		—		3,724		35			—		(3,759	)		—			—			—
Woori USD Treasury Target Return Bond FoF		—		220		1			—		(221	)		—			—			—
Woori Together TDF 2035		—		3,448		39			—		(3,487	)		—			—			—
Australia Green Energy 1st PEF		4,913		5,264		87			—		—			—			—			5,351

- 92 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


	For the six-month period ended June 30, 2025
	Acquisition cost		January 1, 2025		Share of profits(losses) and others			Acquisition		Disposal/ Reclassification, etc.			Dividends			Change in capital		June 30, 2025
Woori Together TDF 2040		2,500		—		126			—		2,839			—			—		2,965
Aarden Woori Apparel 1st Private Equity Fund		100		95		(1	)		—		—			—			—		94
Woori Dyno 1st Private Equity Fund		2,000		2,849		708			—		—			—			—		3,557
NH Woori Dino Co-Investment NO.2 Private Equity Fund		2,200		1,996		19			200		—			—			—		2,215
Woori Eugene Energy Link Private Equity Fund		5,500		—		(358	)		5,500		—			—			—		5,142
KCLAVIS NPL Investment Trust NO 1-2		15,000		15,422		852			—		—			—			—		16,274
Capstone Special Restructuring Private Investment Trust No.4		15,000		—		526			15,000		—			(413	)		—		15,113
KTB-KORUS FUND		337		1,789		—			—		—			—			—		1,789
KTBN Venture Fund No.8		195		1,529		—			—		—			—			—		1,529
KTBN Digital Contents Korea Fund No.9		7,020		5,006		(326	)		—		—			—			—		4,680
KTBN Media Contents Fund		—		154		—			—		—			—			—		154
KTB China Synergy Fund		11,775		18,949		138			—		(625	)		(41	)		—		18,421
NAVER-KTB Audio Contents Fund		300		248		—			—		(248	)		—			—		—
KTBN Venture Fund No.13		2,200		15,659		43,633			—		(2,200	)		(5,297	)		—		51,795
KTBN Future Contents Fund		3,472		4,193		243			—		(528	)		—			—		3,908
KTBN Venture Fund No.16		9,000		15,853		4,666			—		(3,200	)		—			—		17,319
KTBN Venture Fund No.18		27,075		25,506		(1,039	)		—		—			—			—		24,467
KB-KTB Technology Venture Fund		10,000		9,350		(428	)		—		—			—			—		8,922
WOORI 2022 Scaleup Venture Fund		41,272		17,809		25			20,328		—			—			—		38,162
WOORI 2022 Start-up Venture Fund		13,100		12,773		(123	)		—		—			—			—		12,650
KTBN GI Private Equity Fund		—		5		—			—		—			—			—		5
Chirochem		250		104		57			—		—			—			—		161
Godo Kaisha Oceanos 1		6,473		7,347		1,698			—		(4,327	)		(422	)		120		4,416
KG Fashion Co., Ltd.(*)		—		—		—			—		—			—			—		—
KUM HWA Co., Ltd. (*)		—		—		—			—		—			—			—		—
Jinmyung Plus Co., Ltd.		—		9		2			—		—			—			—		11
Rea Company (*)		—		—		—			—		—			—			—		—
Market&Farm Co., Ltd (*)		—		—		—			—		—			—			—		—
JC Assurance No.2 Private Equity Fund (*)		29,349		—		—			—		—			—			—		—
HMS-Oriens 1st Fund		—		14,880		—			—		(14,880	)		—			—		—
Woori Senior Loan Private Placement Investment Trust No.1		17,388		17,517		416			—		(169	)		(442	)		—		17,322
Genesis Eco No.1 Private Equity Fund		12,000		10,847		173			—		—			—			—		11,020
Paratus Woori Material Component Equipment joint venture company		9,334		16,714		9,074			—		(8,366	)		—			—		17,422
Midas No. 8 Private Equity Joint Venture Company		18,419		18,207		398			—		—			(530	)		—		18,075
Orchestra Private Equity Fund IV		9,700		9,610		(73	)		—		—			—			—		9,537
Synaptic Green No.1 PEF		8,000		7,499		491			—		—			—			—		7,990
IGEN2022No. 1 Private Equity Fund		7,422		7,972		860			—		—			(790	)		—		8,042
PCC-Woori LP Secondary Fund		10,435		8,648		(107	)		—		—			—			—		8,541
Synaptic Future Growth Private Equity Fund		6,325		7,685		(329	)		—		(435	)		—			—		6,921
Healthcare Investment Fund		3,000		—		(59	)		—		3,000			—			—		2,941
Woori Oncorp Corporate support of Major Industry General Type Private Investment Trust 2		4,356		4,011		155			507		—			—			—		4,673
Woori-Q Corporate Restructuring Private Equity Fund		29,627		34,007		1,267			—		—			—			—		35,274
Woori IMM Green Net Zero Fund		—		—		—			—		—			—			—		—

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


	For the six-month period ended June 30, 2025
	Acquisition cost		January 1, 2025		Share of profits(losses) and others			Acquisition		Disposal/ Reclassification, etc.			Dividends			Change in capital			June 30, 2025
NH Woori Newdeal Growth Alpha Private Equity Fund 1		44,512		55,539		(2,863	)		—		(5,506	)		(180	)		—			46,990
Woori BIG SATISFACTION SHINJONG MMF 3rd		52,000		41,984		718			23,000		(10,069	)		—			—			55,633
Woori-Shinyoung Growth-Cap Private Equity Fund I		11,989		29,696		1,096			—		(5,105	)		—			—			25,687
NH Woori New deal Co-Investment No.1 Private Equity Fund		5,000		5,204		(416	)		—		—			—			—			4,788
Woori Real Estate Investment No. 1 Limited Liability Company		34,200		33,919		679			—		—			—			—			34,598

		1,451,768		1,748,810		71,629			83,970		(103,303	)		(22,018	)		(2,724	)		1,776,364

(*)

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.

- 94 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

13.

OTHER ASSETS

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


	June 30, 2026		December 31, 2025
Lease assets		3,759,351		3,823,620
Prepaid expenses		498,990		416,230
Advance payments		99,097		75,234
Non-operational assets		41,863		43,050
Others		64,535		66,594

Total		4,463,836		4,424,728

14.

FINANCIAL LIABILITIES AT FVTPL

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


	June 30, 2026		December 31, 2025
Financial instruments at fair value through profit or loss		8,610,201		5,889,433
Financial liabilities designated to be measured at FVTPL		426,494		467,501

Total		9,036,695		6,356,934

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


	June 30, 2026		December 31, 2025
Deposits
Gold banking liabilities		259,081		263,251
Borrowings
Securities sold		299,131		496,518
Derivative liabilities		8,051,989		5,129,664

Total		8,610,201		5,889,433

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


	June 30, 2026		December 31, 2025
Deposits due to customers
Time deposits		426,494		467,501

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.

- 95 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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
	2026			2025
Financial liabilities designated to be measured at FVTPL at the end of each period		426,494			572,456
Changes in fair value due to change in credit risk (*)		177			(25	)
Accumulated change in fair value due to change in credit risk		(1,580	)		(1,856	)

(*)

The amounts recognized in other comprehensive income related to financial liabilities designated to be measured at FVTPL are a loss of 177 million Won and a gain of 25 million Won during the six-month periods ended June 30, 2026 and 2025, with an accumulated profit of 1,580 million Won and 1,856 million Won, respectively.

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, 2026			December 31, 2025
Carrying amount		426,494			467,501
Nominal amount at maturity		450,000			450,000
Difference		(23,506	)		17,501

15.

DEPOSITS DUE TO CUSTOMERS

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


	June 30, 2026			December 31, 2025
Deposits in local currency:
Deposits on demand		8,187,493			8,195,492
Savings deposits with withdrawal on demand		130,547,938			125,367,093
Other savings deposits		173,912,961			173,435,409
Mutual installment		16,814			18,219
Deposits on notes payables		3,136,688			3,685,924
Deposits on CMA		91,850			112,671
Certificate of deposits		6,000,628			9,274,299
Other deposits		883,022			955,588

Sub-total		322,777,394			321,044,695

Deposits in foreign currencies:
Foreign currency deposits		54,962,498			55,428,606
Present value discount		(48,933	)		(138,961	)
Customers’ deposits for beneficiary		397,948			246,505

Total		378,088,907			376,580,845

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

16.

BORROWINGS AND DEBENTURES

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


	June 30, 2026
	Lenders	Interest rate (%)		Amount
Borrowings in local currency:
Borrowings from The BOK	The BOK		1		1,795,750
Borrowings from government funds	Small Enterprise and Market Service and others		0.0 ~ 3.5		2,251,881
Others	The Korea Development Bank and others		0.0 ~ 4.7		9,799,970

Sub-total					13,847,601
Borrowings in foreign currencies:
Borrowings in foreign currencies	The Export-Import Bank of Korea and others		0.9 ~ 14.0		14,217,591
Bills sold	Others		0.0 ~ 2.0		1,147
Call money	Bank and others		3.8 ~ 22.0		2,880,474
Bonds sold under repurchase agreements	The Korea Development Bank and others		0.0 ~ 14.2		9,586,737
Present value discount					(2,992	)

Total					40,530,558


	December 31, 2025
	Lenders	Interest rate (%)		Amount
Borrowings in local currency:
Borrowings from The BOK	The BOK		1.0		1,845,239
Borrowings from government funds	Small Enterprise and Market Service and others		0.0 ~ 3.5		2,195,534
Others	The Korea Development Bank and others		0.0 ~ 4.6		8,378,570

Sub-total					12,419,343
Borrowings in foreign currencies:
Borrowings in foreign currencies	The Export-Import Bank of Korea and others		0.8 ~ 10.0		13,071,842
Bills sold	Others		0.0 ~ 2.0		1,033
Call money	Bank and others		1.7 ~ 10.0		2,013,940
Bonds sold under repurchase agreements	The Korea Development Bank and others		1.0 ~ 14.9		6,678,468
Present value discount					(1,359	)

Total					34,183,267

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


	June 30, 2026					December 31, 2025
	Interest rate (%)		Amount			Interest rate (%)		Amount
Face value of bond (*):
Ordinary bonds		1.9 ~ 7.5		50,347,747			0.8 ~ 7.5		47,124,232
Subordinated bonds		1.9 ~ 10.3		6,511,911			1.9 ~ 6.7		6,683,193
Other bonds		0.0 ~ 4.4		1,812,584			2.9 ~ 17.0		1,782,423

Sub-total				58,672,242					55,589,848

Discounts on bonds				(8,936	)				(6,456	)

Total				58,663,306					55,583,392

- 97 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(*)

Included debentures under fair value hedge amounting to 3,493,080 million Won and 4,046,624 million won as of June 30, 2026 and December 31, 2025 respectively. Also, debentures under cash flow hedge amounting to 1,325,164 million Won and 1,410,514 million won are included as of June 30, 2026 and December 31, 2025 respectively.

17.

INSURANCE CONTRACTS

(1)	Details of insurance contracts assets and insurance contracts liabilities are as follows (Unit: Korean Won in millions):


	June 30, 2026
	Life		Health		Annuity/Savings and others		Variable		Total
Insurance contracts assets		—		—		—		—		—
Insurance contracts liabilities		6,992,694		6,822,220		24,087,513		5,022,082		42,924,509

Net insurance contracts liabilities (asset)		6,992,694		6,822,220		24,087,513		5,022,082		42,924,509

Reinsurance contracts assets		331,051		263,252		6,741		—		601,044
Reinsurance contracts liabilities		40,719		143,634		539		—		184,892

Net reinsurance contracts assets (liabilities)		290,332		119,618		6,202		—		416,152


	December 31, 2025
	Life		Health		Annuity/Savings and others		Variable		Total
Insurance contracts assets		—		—		—		—		—
Insurance contracts liabilities		8,078,577		8,032,075		25,460,803		4,002,409		45,573,864

Net insurance contracts liabilities (asset)		8,078,577		8,032,075		25,460,803		4,002,409		45,573,864

Reinsurance contracts assets		381,667		231,261		7,279		—		620,207
Reinsurance contracts liabilities		52,842		131,344		606		—		184,792

Net reinsurance contracts assets (liabilities)		328,825		99,917		6,673		—		435,415

(2)	Details of net insurance income are as follows (Unit: Korean Won in millions):


	For the six-month period ended June 30
	2026			2025
Insurance service result of insurance contracts		71,632			—
Insurance income		1,047,890			—
Estimated incurred claims and other insurance service expenses		689,419			—
Changes in risk adjustment		24,340			—
Amortization of contractual service margin		156,127			—
Amortization of insurance acquisition cash flows		176,842			—
Loss component allocation amount		(1,271	)		—
Other insurance income		2,433			—
Insurance service expenses		976,258			—
Actual incurred claims and other insurance service expenses		715,218			—
Amortization of insurance acquisition cash flows		176,842			—
Changes in liability for incurred claims		10,582			—
(Reversal of) loss component allocation amount		71,025			—
Other insurance service expenses		2,591			—
Insurance service result of reinsurance contracts		11,811			—
Reinsurance income		49,961			—
Actual incurred claims and insurance service expenses		33,018			—
Changes in cash flow from incurred claims		2,561			—
Changes in loss recovery component		14,382			—
Reinsurance service expenses		38,150			—
Estimated incurred claims and insurance service expenses		30,667			—
Changes in risk adjustment		821			—
Amortization of contractual service margin		6,662			—

Total insurance service result		83,443			—

- 98 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(3)	Details of net insurance finance income and expenses are as follows (Unit: Korean Won in millions):


	For the six-month period ended June 30
	2026			2025
Investment income
Interest income		655,781			—
Gain(loss) on financial assets		1,462,007			—
Other investment income		(55,177	)		—
Investment income recognized in net income		2,062,611			—
Investment income recognized in other comprehensive income (*)		(2,959,657	)		—

Sub-total		(897,046	)		—

Insurance finance interest income and other insurance finance income
Insurance finance interest income		(766,680	)		—
Effect of change in fair value of underlying assets of participating insurance contracts		(1,311,253	)		—
Effect of changes in discount rates and others		60,912			—
Insurance finance income recognized in net income		(2,017,021	)		—
Insurance finance income recognized in other comprehensive income (*)		3,955,059			—

Sub-total		1,938,038			—

Reinsurance finance interest income and other reinsurance finance income
Reinsurance finance interest income		6,962			—
Effect of changes in credit risk of reinsurance liabilities		144			—
Effect of changes in discount rates and others		—			—
Reinsurance finance income recognized in net income		7,106			—
Reinsurance finance income recognized in other comprehensive income (*)		(31,390	)		—

Sub-total		(24,284	)		—

Total investment income and insurance and reinsurance finance income recognized in profit or loss		52,696			—
Total investment income and insurance and reinsurance finance income recognized in other comprehensive income		964,012			—

Total		1,016,708			—

(*)	Finance income recognized in other comprehensive income is presented before income tax effects and non-controlling interests.

18.

PROVISIONS

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


	June 30, 2026		December 31, 2025
Asset retirement obligation		116,064		106,786
Provisions for guarantees (*1)		94,316		79,317
Provisions for unused loan commitments		129,733		137,081
Other provisions (*2)		452,596		467,549

Total		792,709		790,733

(*1)	Provisions for guarantees include provision for financial guarantee of 67,305 million won and 52,733 million won as of June 30, 2026 and December 31, 2025, 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):

Provisions for guarantees

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


	For the six-month period ended June 30, 2026
	Stage1			Stage2			Stage3		Total
Beginning balance		60,091			3,407			15,819		79,317
Transfer to 12-month expected credit loss		330			(330	)		—		—
Transfer to expected credit loss for the entire period		(167	)		167			—		—
Transfer to credit-impaired financial assets		(478	)		(2,125	)		2,603		—
Net provision (reversal) of unused amount		1,782			1,511			15,134		18,427
Others (*)		(3,428	)		—			—		(3,428	)

Ending balance		58,130			2,630			33,556		94,316

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


	For the six-month period ended June 30, 2025
	Stage1			Stage2			Stage3			Total
Beginning balance		57,309			2,534			11,627			71,470
Transfer to 12-month expected credit loss		531			(531	)		—			—
Transfer to expected credit loss for the entire period		(307	)		307			—			—
Transfer to credit-impaired financial assets		(68	)		(39	)		107			—
Net provision (reversal) of unused amount		1,707			2,227			(5,154	)		(1,220	)
Others (*)		(1,478	)		(6	)		(1	)		(1,485	)

Ending balance		57,694			4,492			6,579			68,765

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

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

2)	Provisions for unused loan commitment


	For the six-month period ended June 30, 2026
	Stage1			Stage2			Stage3			Total
Beginning balance		111,499			21,647			3,935			137,081
Transfer to 12-month expected credit loss		9,741			(9,716	)		(25	)		—
Transfer to expected credit loss for the entire period		(2,373	)		2,375			(2	)		—
Transfer to credit-impaired financial assets		(260	)		(334	)		594			—
Net provision (reversal) of unused amount		(16,065	)		9,371			(715	)		(7,409	)
Others		400			2			(341	)		61

Ending balance		102,942			23,345			3,446			129,733


	For the six-month period ended June 30, 2025
	Stage1			Stage2			Stage3			Total
Beginning balance		108,218			24,896			4,448			137,562
Transfer to 12-month expected credit loss		6,655			(6,636	)		(19	)		—
Transfer to expected credit loss for the entire period		(3,387	)		3,392			(5	)		—
Transfer to credit-impaired financial assets		(283	)		(338	)		621			—
Net provision (reversal) of unused amount		(6,787	)		3,371			(2,982	)		(6,398	)
Others		(1,368	)		—			—			(1,368	)

Ending balance		103,048			24,685			2,063			129,796

(3)	Changes in asset retirement obligation for the six-month periods ended June 30, 2026 and 2025, are as follows (Unit: Korean Won in millions):


	For the six-month period ended June 30
	2026			2025
Beginning balance		106,786			97,772
Provisions provided		4,907			2,193
Provisions used		(769	)		(5,486	)
Reversal of provisions unused		(188	)		(292	)
Unwinding of discount		786			679
Increase (decrease) of restoration expense, etc.		4,542			8,781

Ending balance		116,064			103,647

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 30,2026, 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.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(4)	Changes in other provisions for the six-month periods ended June 30, 2026 and 2025, are as follows (Unit: Korean Won in millions):


	For the six-month period ended June 30
	2026			2025
Beginning balance		467,549			304,624
Provisions provided		5,851			16,562
Provisions used		(4,909	)		(2,405	)
Reversal of provisions unused		(15,757	)		(219	)
Foreign currencies translation adjustments		60			1
Others		(198	)		(226	)

Ending balance		452,596			318,337

(5)

Others

The Group recognized provisions related to incomplete sales of Derivative Linked Fund (DLF) occurring in 2019 as the best estimate of expenditure, including administrative fines expected to be imposed by the Financial Services Commission, required to fulfil its current obligations.

The Group recognized provisions for estimated contractual refunds and loss compensation amounts that may be paid in relation to expected customer losses arising from delays in the redemption of funds. Such provisions amounted to 257,019 million Won and 259,168 million Won as of June 30, 2026 and December 31, 2025, respectively. In addition, the Group recognized provisions for estimated compensation due to expected customer losses related to equity-linked securities and for administrative fines and penalties expected to be imposed by the Financial Services Commission amounting to 2,757 million Won and 2,847 million Won, as of June 30, 2026 and December 31, 2025, respectively.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

19.

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:


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.

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.

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, 2026			December 31, 2025
Present value of defined benefit obligation		1,886,313			1,982,526
Fair value of plan assets (*)		(2,094,808	)		(2,157,163	)
Net defined benefit liabilities (assets) (*)		(208,495	)		(174,637	)
Intercompany transaction adjustments		279,245			269,170

Net defined benefit liabilities (assets) (after intercompany offsets)		70,750			94,533

(*)

The amount before intercompany offsets within the consolidated entity

(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
	2026			2025
Current service cost		79,410			75,995
Past service cost (*1)		—			26,469
Net interest expense		(2,157	)		(4,386	)
Loss on the curtailment or settlement		(23	)		—

Cost recognized in net income		77,230			98,078

Remeasurements (*2)		(60,232	)		121,380

Cost recognized in total comprehensive income		16,998			219,458

(*1)

Amount due to a change in the criteria for determining ordinary wages during the previous period ended June 30, 2025.

(*2)

Amount before tax

Retirement benefits related to defined contribution plans recognized as expenses are 10,990 million won, and 4,033 million won for the six-month periods ended June 30, 2026 and 2025, respectively.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

20.

OTHER FINANCIAL LIABILITIES AND OTHER LIABILITIES

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


	June 30, 2026			December 31, 2025
Other financial liabilities:
Accounts payable		27,258,070			8,059,195
Accrued expenses		4,368,013			4,456,143
Segregated account debit balance		7,591,262			7,692,762
Agency fees received		666,423			594,685
Foreign exchange payables		665,331			784,357
Domestic exchange settlement credits		10,560,729			11,749,779
Lease liabilities		579,679			541,572
Other miscellaneous financial liabilities		4,456,921			4,250,210
Present value discount		(9,217	)		(10,645	)

Sub-total		56,137,211			38,118,058

Other liabilities:
Unearned income		358,056			354,792
Other miscellaneous liabilities		495,660			479,102

Sub-total		853,716			833,894

Total		56,990,927			38,951,952

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

21.

DERIVATIVES

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


			June 30, 2026
			Assets						Liabilities
	Nominal amount		For cash flow hedge		For fair value hedge		For trading		For cash flow hedge		For fair value hedge		For trading
Interest rate:
Futures		877,926		—		—		—		—		—		—
Forwards		6,444,830		9,764		—		568,548		307,095		—		33,934
Swaps		146,303,639		1,632		13,478		100,830		—		38,499		245,853
Written options		320,000		—		—		—		—		—		10,833
Currency:
Futures		119,120		—		—		—		—		—		—
Forwards		151,245,245		485		—		4,311,598		338,543		126,951		1,862,944
Swaps		89,767,150		129,860		—		4,190,203		363,006		7,160		5,897,131
Purchase options		190,459		—		—		1,820		—		—		—
Written options		375,439		—		—		—		—		—		1,294
Equity:
Futures		378,867		—		—		—		—		—		—
Forwards		163		—		—		97		—		—		—
Purchase options		1,923		—		—		786		—		—		—
Others:
Futures		239		—		—		—		—		—		—

Total		396,025,000		141,741		13,478		9,173,882		1,008,644		172,610		8,051,989



			December 31, 2025
			Assets						Liabilities
	Nominal amount		For cash flow hedge		For fair value hedge		For trading		For cash flow hedge		For fair value hedge		For trading
Interest rate:
Futures		1,028,982		—		—		—		—		—		—
Forwards		6,097,038		7,192		—		155,174		139,341		—		118,441
Swaps		134,440,759		903		37,010		136,822		—		27,050		141,569
Written options		320,000		—		—		—		—		—		8,194
Currency:
Futures		131,014		—		—		—		—		—		—
Forwards		111,686,895		2,221		1,201		2,652,148		236,677		70,989		1,190,226
Swaps		76,846,634		168,653		—		2,827,872		141,304		—		3,670,407
Purchase options		67,650		—		—		1,267		—		—		—
Written options		81,999		—		—		—		—		—		827
Equity:
Futures		476,305		—		—		—		—		—		—
Forwards		163		—		—		104		—		—		—
Purchase options		1,711		—		—		816		—		—		—
Others:
Futures		8,378		—		—		—		—		—		—

Total		331,187,528		178,969		38,211		5,774,203		517,322		98,039		5,129,664

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.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(2)	Overview of the Group’s hedge accounting

Fair value hedge

Debentures

As of June 30, 2026, the Group has applied fair value hedge on fixed interest rate foreign currency denominated debentures amounting to 3,182,719 million Won, and Korean won-denominated debentures amounting to 310,361 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.

Foreign currency securities, Foreign private bonds

As of June 30, 2026, the Group has applied fair value hedging for foreign currency securities amounting to 757,625 million Won and foreign currency private bonds amounting to 84,862 million Won. The purpose of the hedging is to avoid fair value volatility risk of foreign currency securities and foreign currency private bonds derived from changes in exchange rate and interest rate. To achieve this purpose, the group has entered into forward currency contracts and currency swaps designated as hedging instruments.

The forward currency contracts are executed with the condition of selling foreign currencies on a future specific date, at a predetermined agreed amount and exchange rate. On the initiation date, the contract amount is exchanged, and on the termination date, the contracted foreign currency principal is returned. As a result, through hedging transactions, the group offsets valuation gains and losses from exchange rate fluctuations of foreign currency-denominated assets, thereby removing fair value fluctuation risk linked to foreign currency securities and bonds. The hedge ratio is determined through a method that ensures fair value changes in the hedging instruments and hedged items effectively offset each other to a similar extent.

In this hedging relationship, only the exchange rate fluctuation, which is the most significant part of the fair value change in the hedged item, is designated as the hedged risk, excluding other risk factors such as credit risk or liquidity risk. Therefore, the ineffective portion of the hedge could arise from discrepancies between the settlement timing of the forward currency contract and the cash flow timing of foreign currency-denominated items, fluctuations in counterparties’ credit risks, or discrepancies between market exchange rates and contracted exchange rates.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

The forward currency agreements and the hedged items are subject to fluctuations in the exchange rate and the group expects the fair value of the currency forward contract and the value of the hedged item to generally change in the opposite direction.

The currency swap contracts are executed under terms that provide for the exchange of interest payments during the contractual term and principal amounts at maturity based on predetermined contractual amounts and exchange rates. Upon termination, the principal amounts exchanged at inception are returned. As a result, the fair value fluctuation risk of foreign currency securities is eliminated. The hedge ratio is determined by matching the notional amount of the hedging instrument to the face amount of the hedged item under the currency swap contracts.

Cash Flow Hedge

Debentures

As of the June 30, 2026, the Group has applied cash flow hedge on local currency denominated debentures amounting to 59,961 million won and debentures on foreign currency amounting to 1,265,203 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, under the currency swap contract, the principal is exchanged at the initiation date, and an amount calculated by applying a fixed interest rate to the predetermined notional principal is paid, in exchange for an amount calculated by applying a floating interest rate to USD or an amount calculated by applying a fixed interest rate to CNH and EUR. And at the termination date, the principal exchanged at inception are returned. 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.

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.

Foreign currency securities, Foreign private bonds, Anticipated bond purchase

As of June 30, 2026, the Group has applied cash flow hedges to manage the risks associated with foreign currency securities amounting to 6,835,846 million Won, foreign currency private bonds totaling 190,603 million Won, and anticipated bond purchase transactions. The Group’s objective of these hedging measures is to mitigate the risk of cash flow fluctuations from foreign currency securities and private bonds due to exchange rate changes, as well as the price risk of future purchases of treasury and foreign government bonds. To achieve these objectives, the entity utilizes forward currency contracts, currency swaps, and bond forward contracts as designated hedging instruments.

- 107 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

Forward currency contracts are used to eliminate cash flow volatility arising from exchange rate fluctuations of anticipated transactions in foreign currency by agreeing to sell foreign currency at a pre-established rate on a future date. These contracts are designated as hedging instruments to offset cash flow variations caused by exchange rate changes on foreign currency-denominated items. The hedge ratio is determined by aligning the nominal amount of the hedging instrument with the face value of the hedged item.

Currency swap contracts are entered into to exchange interest and principal of foreign currency securities and private bonds during the contract period at predetermined notional amounts and rates, and revert the principal exchanged at inception upon maturity. This practice mitigates the cash flow volatility risk associated with the principal and interest payments of foreign currency-denominated securities and private bonds. The hedge ratio is determined by matching the nominal value of the hedging instrument to the face value of the hedged item.

Bond forward contracts are structured to purchase specific bonds at a predetermined notional amount and price on a future specified date to hedge against price risk caused by interest rate fluctuations impacting bond purchase prices. Upon contract expiration, bonds are acquired at the agreed-upon rate, thereby eliminating cash flow variability risks due to future interest rate changes. Thus, the hedging transaction removes the uncertainty surrounding the cash outflow amount related to interest rate changes at the future bond purchase date, thereby ensuring stable cash flows. The nominal amount of the hedging instrument in these bond forward contracts is aligned with the anticipated purchase amount of the hedged bonds, and the hedge ratio is calibrated to ensure that cash flow fluctuations of the hedged item and hedging instrument effectively offset each other.

Foreign Currency Borrowings

As of June 30, 2026, the Group has designated cash flow hedges for foreign currency borrowings amounting to 308,300 million Won. The purpose of the Group’s hedging activities is to hedge the variability in cash flows related to interest and principal payments of variable-rate foreign currency borrowings arising from fluctuations in interest rates and foreign exchange rates. To achieve this objective, the Group has entered into currency swap contracts and designated them as hedging instruments. The Group designated only the portion excluding the foreign basis spread of derivative financial instruments as the hedging instrument.

Under the currency swap contracts, the principal amounts are exchanged at inception, and the Group pays amounts calculated by applying a fixed interest rate to a predetermined notional principal, while receiving amounts calculated by applying a floating interest rate denominated in U.S. dollars. At maturity, the principal amounts exchanged at inception are re-exchanged. As a result, the variability in cash flows related to the principal and interest of the foreign currency borrowings is eliminated. The hedge ratio is determined by matching the notional amount of the hedging instrument with the face amount of the hedged item under the currency swap contracts.

In these hedging relationships, only the most significant components of the variability in cash flows of the hedged items—namely, changes in interest rates and foreign exchange rates—are designated as hedged risks. Other risk components, including credit risk, are not included in the hedged risks. Accordingly, hedge ineffectiveness may arise due to factors such as the pricing margin of the counterparty to the hedging instrument or changes in the credit risk of either party to the hedging instrument.

Both the currency swap contracts and the hedged items are affected by changes in underlying variables, namely market interest rates and foreign exchange rates, and the Group expects that the values of the currency swap contracts and the hedged items will generally move in opposite directions.

- 108 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

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, 2026: 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.

- 109 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(3)	The nominal amount of the hedging instrument is as follows (Unit: USD, EUR, AUD, SEK, GBP, JPY, CAD, CNH and Korean Won in millions):


	June 30, 2026
	1 year or less		1 year to 5 years		More than 5 years		Total
Fair value hedge
Interest rate risk
Interest rate swap (USD)		800,000,000		1,300,000,000		—		2,100,000,000
Interest rate swap (KRW)		—		—		340,000		340,000
Foreign currencies translation risk and interest rate risk
Currency swap (USD)		50,000,000		—		—		50,000,000
Foreign currencies translation risk
Currency forward (USD)		298,980,853		64,170,792		—		363,151,645
Currency forward (EUR)		4,176,530		68,784,770		—		72,961,300
Currency forward (AUD)		109,100,249		126,550,000		—		235,650,249
Currency forward (GBP)		15,700,000		—		—		15,700,000
Cash flow hedge
Interest rate risk
Interest rate forward (USD)		—		320,000,000		—		320,000,000
Interest rate forward (KRW)		843,645		744,545		—		1,588,190
Interest rate swap (KRW)		—		60,000		—		60,000
Foreign currencies translation risk and interest rate risk
Currency swap (USD)		103,000,000		640,500,000		—		743,500,000
Currency swap (EUR)		37,000,000		161,900,000		—		198,900,000
Currency swap (AUD)		80,000,000		—		—		80,000,000
Currency swap (SEK)		380,000,000		219,000,000		—		599,000,000
Currency swap (JPY)		—		2,000,000,000		16,500,000,000		18,500,000,000
Foreign currencies translation risk
Currency forward (USD)		643,277,087		584,378,132		26,360,955		1,254,016,174
Currency forward (EUR)		137,547,500		206,072,000		36,726,000		380,345,500
Currency forward (AUD)		99,970,000		160,000,000		—		259,970,000
Currency swap (USD)		140,000,000		740,678,827		—		880,678,827
Currency swap (EUR)		356,853,334		1,025,000,000		40,000,000		1,421,853,334
Currency swap (AUD)		15,000,000		200,000,000		—		215,000,000
Currency swap (CAD)		50,000,000		120,000,000		30,000,000		200,000,000
Currency swap (JPY)		16,000,000,000		18,500,000,000		43,500,000,000		78,000,000,000
Currency swap (CNH)		—		500,000,000		—		500,000,000
Hedges of net investment in foreign operations		—		—		—		—
Exchange risk		—		—		—		—
Foreign currency bond (USD)		300,000,000		563,959,317		—		863,959,317

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


	December 31, 2025
	1 year or less		1 year to 5 years		More than 5 years		Total
Fair value hedge
Interest rate risk
Interest rate swap (USD)		550,000,000		2,100,000,000		—		2,650,000,000
Interest rate swap (KRW)		—		—		290,000		290,000
Foreign currencies translation risk
Currency forward (USD)		414,314,566		65,544,792		—		479,859,358
Currency forward (EUR)		—		72,961,301		—		72,961,301
Currency forward (AUD)		109,214,330		126,550,000		—		235,764,330
Currency forward (GBP)		15,700,000		—		—		15,700,000
Cash flow hedge
Interest rate risk
Interest rate forward (USD)		—		320,000,000		—		320,000,000
Interest rate forward (KRW)		1,630,000		380,000		—		2,010,000
Interest rate swap (KRW)		—		60,000		—		60,000
Foreign currencies translation risk and interest rate risk
Currency swap (USD)		336,333,334		470,500,000		—		806,833,334
Currency swap (EUR)		52,000,000		114,900,000		—		166,900,000
Currency swap (AUD)		80,000,000		—		—		80,000,000
Currency swap (SEK)		380,000,000		219,000,000		—		599,000,000
Currency swap (JPY)		—		—		5,000,000,000		5,000,000,000
Foreign currencies translation risk
Currency forward (USD)		998,071,601		700,378,132		—		1,698,449,733
Currency forward (EUR)		374,850,500		232,472,000		—		607,322,500
Currency forward (AUD)		99,970,000		160,000,000		—		259,970,000
Currency swap (USD)		130,000,000		527,884,000		—		657,884,000
Currency swap (EUR)		194,780,000		1,012,000,000		—		1,206,780,000
Currency swap (AUD)		15,000,000		200,000,000		—		215,000,000
Currency swap (CAD)		—		40,000,000		—		40,000,000
Currency swap (JPY)		—		21,500,000,000		43,500,000,000		65,000,000,000
Hedges of net investment in foreign operations
Exchange risk
Foreign currency bond (USD)		—		863,959,317		—		863,959,317

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

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


		June 30, 2026
		Average interest rate and average exchange rate
Fair value hedge
Interest rate risk
Interest rate swap (USD)		Fixed 4.18% receipt and (C.SOFR) + 1.21% paid
Interest rate swap (KRW)		Fixed 4.20% receipt and CD 3M + 0.01% paid
Foreign currencies translation risk and interest rate risk
Currency swap (USD)		USD 4.48% paid, KRW 2.76% receipt, USD/KRW = 1,402.05
Foreign currencies translation risk
Currency forward (USD)		USD/KRW = 1,327.61, USD/KRW = 1,428.59
Currency forward (EUR)		EUR/KRW = 1,498.43
Currency forward (AUD)		AUD/KRW = 874.06, AUD/KRW = 915.61
Currency forward (GBP)		GBP/KRW = 2,005.60
Cash flow hedge
Interest rate risk
Interest forward (USD)		YTM 5.14%, YTM 5.2%
Interest forward (KRW)		YTM 3.09%, YTM 3.31%
Interest rate swap (KRW)		KRW CD+0.37% receipt, KRW 2.75% paid
Foreign currencies translation risk and interest rate risk
Currency swap (USD)		USD 1M SOFR+0.62% receipt, KRW 3.31% paid, USD 4.05% paid, KRW 2.5% receipt, USD/KRW = 1,434.34, USD/KRW = 1,402.05
Currency swap (EUR)		EUR 3.15% paid, KRW 3.42% receipt, EUR/KRW = 1,666.19
Currency swap (AUD)		AUD 3.11% paid, KRW 1.55% receipt, AUD/KRW = 952.2
Currency swap (SEK)		SEK 1.88% paid, KRW 2.01% receipt, SEK/KRW = 140.55
Currency swap (JPY)		JPY 3.35% paid, KRW 4.71% receipt, JPY/KRW = 9.36
Foreign currencies translation risk
Currency forward (USD)		USD/KRW = 1,349.94
Currency forward (EUR)		EUR/KRW = 1,569.58
Currency forward (AUD)		AUD/KRW = 863.03
Currency swap (USD)		USD 4.12% paid, KRW 3.04% receipt, USD/KRW = 1,434.34
Currency swap (EUR)		EUR 1.98% receipt, KRW 3.40% paid, , EUR 3.06% paid, KRW 3.24% receipt, EUR/KRW = 1,344.08, EUR/KRW = 1,664.32
Currency swap (AUD)		AUD 4.96% paid, KRW 3.58% receipt, AUD/KRW = 902.7
Currency swap (CAD)		CAD 4.6% paid, KRW 4.92% receipt, CAD/KRW = 1,081.43
Currency swap (JPY)		JPY 3.12% paid, KRW 4.51% receipt, JPY/KRW = 9.42
Currency swap (CNH)		CNH 2.15% receipt, KRW 3.83% paid, CNH 2.20% receipt, KRW 4.25% paid, CNH/KRW = 215.9, CNH/KRW = 227.26
Hedges of net investment
Exchange rate risk
Foreign currency denominated debentures(USD)		USD/KRW = 1,481.78

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


		December 31, 2025
		Average interest rate and average exchange rate
Fair value hedge
Interest rate risk
Interest rate swap (USD)		Fixed 3.47% receipt and (C.SOFR) + 1.06% paid
Interest rate swap (KRW)		Fixed 3.94% receipt and CD 3M + 0.01% paid
Foreign currencies translation risk
Currency forward (USD)		USD/KRW = 1,326.88 USD/KRW = 1,373.60
Currency forward (EUR)		EUR/KRW = 1,498.43
Currency forward (AUD)		AUD/KRW = 874.06 AUD/KRW = 864.44
Currency forward (GBP)		GBP/KRW = 1,854.71
Cash flow hedge
Interest rate risk
Interest forward (USD)		YTM 5.14%, YTM 5.20%, USD/KRW = 1,373.23
Interest forward (KRW)		YTM 2.91%, YTM 1.42%
Interest rate swap (KRW)		KRW CD+0.37% receipt, KRW 2.75% paid
Foreign currencies translation risk and interest rate risk
Currency swap (USD)		USD 4.11% paid, KRW 2.54% receipt, USD 1M SOFR+0.91% receipt, KRW 3.60% paid, USD/KRW = 1,402.05, USD/KRW = 1,355.00
Currency swap (EUR)		EUR 3.03% paid, KRW 3.18% receipt, EUR/KRW = 1,619.42
Currency swap (AUD)		AUD 3.11% paid, KRW 1.55% receipt, AUD/KRW = 952.20
Currency swap (SEK)		SEK 1.88% paid, KRW 2.01% receipt, SEK/KRW = 140.55
Currency swap (JPY)		JPY 3.20% paid, KRW 4.45% receipt, JPY/KRW = 9.47
Foreign currencies translation risk
Currency forward (USD)		USD/KRW = 1,343.49
Currency forward (EUR)		EUR/KRW = 1,539.86
Currency forward (AUD)		AUD/KRW = 863.03
Currency swap (USD)		USD 1.75% receipt, KRW 1.63% paid, USD 2.50% receipt, KRW 3.76% paid, USD/KRW = 1,138.50 USD/KRW = 1,404.97
Currency swap (EUR)		EUR 1.98% receipt, KRW 3.40% paid, EUR 3.21% receipt, KRW 3.14% paid,EUR/KRW = 1,344.08 EUR/KRW = 1,644.48
Currency swap (AUD)		AUD 3.58% receipt, KRW 4.96% paid,AUD/KRW = 902.70
Currency swap (CAD)		CAD 4.46% receipt, KRW 4.60% paid, CAD/KRW = 1,062.00
Currency swap (JPY)		JPY 4.46% receipt, KRW 3.10% paid, JPY/KRW = 9.42
Hedges of net investment Exchange rate risk
Foreign currency denominated debentures(USD)		USD/KRW = 1,421.88

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

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


	June 30, 2026
	Nominal amount of the hedging instrument		Carrying amount of the hedging instrument				Line item in the statement of financial position where the hedging instrument is located	Change in fair value used for calculating hedge ineffectiveness
	Nominal amount of the hedging instrument		Assets		Liabilities
Fair value hedge
Interest rate risk
Interest rate Swap(USD)		2,100,000,000					Derivative assets (designated for hedging)
Interest rate Swap(KRW)		340,000		13,478		38,499	Derivative liabilities (designated for hedging)		(44,752	)
Foreign currencies translation risk and interest rate risk
Currency swap (USD)		50,000,000		—		7,160	Derivative liabilities (designated for hedging)		(20,657	)
Foreign currencies translation risk
Currency forward (USD)		363,151,645		—		66,121	Derivative assets (designated for hedging) Derivative liabilities (designated for hedging)		(41,135	)
Currency forward (EUR)		72,961,300		—		19,569			(5,664	)
Currency forward (AUD)		235,650,249		—		40,388			(24,882	)
Currency forward (GBP)		15,700,000		—		873			(1,948	)
Cash flow hedge
Interest rate risk
Interest forward (USD)		320,000,000		9,689		—	Derivative assets (designated for hedging)		4,869
Interest forward (KRW)		1,588,190		75		307,095	Derivative liabilities (designated for hedging)		(315,385	)
Interest rate swap (KRW)		60,000		1,632		—	Derivative assets (designated for hedging) Derivative liabilities (designated for hedging)		729
Foreign currency translation risk and interest rate risk
Currency swap (USD)		743,500,000		71,112		25,199	Derivative assets (designated for hedging) Derivative liabilities (designated for hedging)		(1,076	)
Currency swap (EUR)		198,900,000		—		22,562			(14,679	)
Currency swap (AUD)		80,000,000		—		8,130			(8,103	)
Currency swap (SEK)		599,000,000		65		10,805			(2,128	)
Currency swap (JPY)		18,500,000,000		33		2,717			(3,503	)
Foreign currency translation risk
Currency forward (USD)		1,254,016,174		—		212,856	Derivative assets (designated for hedging) Derivative liabilities (designated for hedging)		(161,657	)
Currency forward (EUR)		380,345,500		485		79,118			(39,314	)
Currency forward (AUD)		259,970,000		—		46,569			(27,402	)
Currency swap (USD)		880,678,827		23		94,823	Derivative assets (designated for hedging) Derivative liabilities (designated for hedging)		(75,135	)
Currency swap (EUR)		1,421,853,334		54,275		145,442			(104,657	)
Currency swap (AUD)		215,000,000		—		35,906			(25,092	)
Currency swap (CAD)		200,000,000		579		3,480			(3,242	)
Currency swap (JPY)		78,000,000,000		69		13,690			(18,460	)
Currency swap (CNH)		500,000,000		3,704		252			3,572
Hedges of net investment in foreign operations
Exchange rate risk
Foreign currency bond(USD)		863,959,317		—		1,331,793	Foreign currency bond		(92,098	)

- 114 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


	December 31, 2025
	Nominal amounts of the hedging instrument		Carrying amount of the hedging instrument				Line item in the statement of financial position where the hedging instrument is located		Change in fair value used for calculating hedge ineffectiveness
	Nominal amounts of the hedging instrument		Assets		Liabilities
Fair value hedge
Interest rate risk
Interest rate Swap (USD)		2,650,000,000						Derivative assets (designated for hedging)
Interest rate Swap (KRW)		290,000		37,010		27,050		Derivative liabilities (designated for hedging)		93,549
Foreign currencies translation risk
Currency forward (USD)		479,859,358		1,201		40,408		Derivative assets (designated for hedging) Derivative liabilities (designated for hedging)		(252,432	)
Currency forward (EUR)		72,961,301		—		13,904		Derivative assets (designated for hedging)		44,644
Currency forward (AUD)		235,764,330		—		15,575				(23,061	)
Currency forward (GBP)		15,700,000		—		1,101		Derivative liabilities (designated for hedging)		(1,408	)
Cash flow hedge
Interest rate risk
Interest rate forward (USD)		320,000,000		4,848		27		Derivative assets (designated for hedging) Derivative liabilities (designated for hedging)		3,732
Interest rate forward (KRW)		2,010,000		2,344		139,313				(203,153	)
Interest rate swap (KRW)		60,000		903		—				1,084
Foreign currency translation risk and interest rate risk
Currency swap (USD)		806,833,334		51,040		11,984		Derivative assets (designated for hedging) Derivative liabilities (designated for hedging)		(69,611	)
Currency swap (EUR)		166,900,000		1,012		16,086		Derivative liabilities (designated for hedging)		(9,085	)
Currency swap (AUD)		80,000,000		605		632				(5,494	)
Currency swap (SEK)		599,000,000		855		9,468				(7,678	)
Currency swap (JPY)		5,000,000,000		819		—				819
Foreign currency translation risk

- 115 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


	December 31, 2025
	Nominal amount of the hedging instrument		Carrying amount of the hedging instrument				Line item in the statement of financial position where the hedging instrument is located	Changing in fair value used for calculating hedge ineffectiveness
	Nominal amount of the hedging instrument		Assets		Liabilities
Currency forward (USD)		1,698,449,733		2,221		127,924	Derivative assets (designated for hedging) Derivative liabilities (designated for hedging)		13,389
Currency forward (EUR)		607,322,500		—		89,586			(10,747	)
Currency forward (AUD)		259,970,000		—		19,167			(350	)
Currency swap (USD)		657,884,000		30,780		27,168			(74,613	)
Currency swap (EUR)		1,206,780,000		72,261		60,932			(16,952	)
Currency swap (AUD)		215,000,000		—		13,220			(15,574	)
Currency swap (CAD)		40,000,000		339		—			334
Currency swap (JPY)		65,000,000,000		10,943		1,814			8,981
Hedges of net investment in foreign operations
Exchange rate risk
Foreign currency bond(USD)		863,959,317		—		1,239,695	Foreign currency bond		30,325

- 116 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

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


	June 30, 2026
	Carrying amount of the hedged item				Accumulated amount of fair value hedge adjustments on the hedged item included in the carrying amount of the hedged item					Line item in the statement of financial position in which the hedged item is included	Change in fair value used for calculating hedge ineffectiveness			Cash flow hedge reserve (*2)
	Assets		Liabilities		Assets			Liabilities						Cash flow hedge reserve (*2)
Fair value hedge
Interest rate risk
Debentures(*1)		—		3,493,080		—			77,303	Debentures		47,515			—
Foreign currencies translation risk and interest rate risk
Foreign currency securities		58,758		—		(7,160	)		—	FVTPL		3,211			—
Foreign currencies translation risk
Foreign currency securities		210,675		—		(28,698	)		—	FVTPL		2,147			—
		488,192		—		147,235			—	FVTOCI		37,907			—
Foreign private bonds		84,862		—		(18,166	)		—	Financial assets at amortized cost		—			—
Cash flow hedge
Interest rate risk
Debentures		—		59,961		—			—	Debentures		(729	)		(1,121	)
Anticipated bond purchase		—		—		—			—	—		279,763			(294,934	)
Foreign currencies translation risk and interest rate risk
Debentures		—		923,110		—			—	Debentures		(19,580	)		31,290
Foreign currency borrowings		—		308,300		—			—	Borrowings		—			—
Foreign currency securities		657,242		—		—			—	FVTOCI		15,440			(4,410	)
Foreign private bonds		190,603		—		—			—	Financial assets at amortized cost		14,106			(1,841	)
Foreign currencies translation risk
Debentures		—		342,093		—			—	Debentures		8,299			(25,833	)
Foreign currency securities		5,520,140		—		—			—	FVTOCI		434,170			(26,660	)
		658,464		—		—			—	FVTPL		7,976			396
Hedges of net investment in foreign operations
Exchange rate risk
Foreign operations net asset		—		1,331,793		—			—	Foreign operations net asset		92,098			(194,029	)

(*1)	The accumulated profit on debentures on foreign currency amounted to 47,664 million won, and the accumulated loss on debentures on local currency amounted to 29,639 million won, as of June 30, 2026.

(*2)	After tax amount

- 117 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


	December 31, 2025
	Carrying amount of the hedged item				Accumulated amount of fair value hedge adjustments on the hedged item included in the carrying amount of the hedged item					Line item in the statement of financial position in which the hedged item is included	Change in fair value used for calculating hedge ineffectiveness			Cash flow hedge reserve (*2)
	Assets		Liabilities		Assets			Liabilities						Cash flow hedge reserve (*2)
Fair value hedge
Interest rate risk
Debentures (*1)		—		4,046,624		—			36,892	Debentures		(80,760	)		—
Foreign currencies translation risk
Foreign currency securities		569,122		—		131,018			—	FVTOCI		169,469			—
		226,555		—		(4,121	)		—	FVTPL		70,015			—
Foreign private bonds		76,793		—		(7,717	)		—	Financial assets at amortized cost		6,567			—
Cash flow hedge
Interest rate risk
Debentures		—		59,952		—			—	Debentures		(1,083	)		655
Anticipated bond purchase		—		—		—			—	—		183,177			(150,651	)
Foreign currencies translation risk and interest rate risk
Debentures		—		878,855		—			—	Debentures		53,508			(188	)
Foreign currency securities		256,487		—		—			—	FVTOCI		13,062			(1,105	)
Foreign private bonds		176,540		—		—			—	Financial assets at amortized cost		11,016			(1,722	)
		55,671		—		—			—	FVTPL		(321	)		(77	)
Foreign currencies translation risk
Debentures		—		471,707		—			—	Debentures		(33,199	)		(2,242	)
Foreign currency securities		4,996,548		—		—			—	FVTOCI		141,426			(26,141	)
		605,631		—		—			—	FVTPL		(13,091	)		(321	)
Hedges of net investment in foreign operations
Exchange rate risk
Foreign operations net asset		—		1,239,695		—			—	Foreign operations net asset		(30,325	)		(127,258	)

(*1)	The accumulated profit on debentures on foreign currency amounted to 29,538 million Won, and the accumulated profit on debentures on local currency amounted to 7,354 million Won, as of December 31, 2025.

(*2)	After tax amount

- 118 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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, 2026
		Hedge ineffectiveness recognized in profit or loss			Line item in the profit or loss that includes hedge ineffectiveness
Fair value hedge	Interest rate risk		2,763		Other net operating income(expense)
	Foreign currencies translation risk and interest rate risk		(17,446	)	Other net operating income(expense)
	Foreign currencies translation risk		(33,575	)	Other net operating income(expense)


		For the six-month period ended June 30, 2025
		Hedge ineffectiveness recognized in profit or loss		Line item in the profit or loss that includes hedge ineffectiveness
Fair value hedge	Interest rate risk		15,139	Other net operating income(expense)

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(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, 2026
		Changes in the value of hedging instruments recognized in OCI			Hedge ineffectiveness recognized in profit or loss			Changes in the value of foreign basis spread recognized in OCI			Line item recognized in the profit or loss	Amounts reclassified from cash flow hedge reserve to profit or loss			Line item affected in profit or loss due to reclassification
Cash flow hedge	Interest rate risk		(441,249	)		131,462			—		Other net operating income (expense)		144,284		Other net operating income (expense)
	Foreign currencies translation risk and interest rate risk		(26,241	)		(3,248	)		773		Other net operating income (expense)		28,821		Other net operating income (expense)
	Foreign currencies translation risk		(450,445	)		(942	)		316		Other net operating income (expense)		440,639		Other net operating income (expense)

	For the six-month period ended June 30, 2025
		Changes in the value of hedging instruments recognized in OCI			Hedge ineffectiveness recognized in profit or loss			Changes in the value of foreign basis spread recognized in OCI			Line item recognized in the profit or loss	Amounts reclassified from cash flow hedge reserve to profit or loss			Line item affected in profit or loss due to 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		(102,128	)		—			(567	)	Other net operating income (expense)		98,832		Other net operating income (expense)
	Foreign currencies translation risk		3,660			—			(65	)	Other net operating income (expense)		(925	)	Other net operating income (expense)

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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, 2026
		Other comprehensive income								Profit or loss
		Hedge gain or loss recognized in other comprehensive income			Income tax effect		Sub-total			Hedge ineffectiveness recognized in profit or loss		Line item recognizing ineffectiveness
Hedges of net investment in foreign operations	Foreign exchange risk		(92,098	)		25,327		(66,771	)		—		—

June 30, 2025

Other comprehensive income

Profit or loss

Hedge gain or loss
recognized in other
comprehensive income

Income
tax effect

Sub-total

Hedge ineffectiveness
recognized in profit
or loss

Line item
recognizing
ineffectiveness

Hedges of net investment in foreign operations

Foreign
exchange
risk

98,145

(25,910

)

72,235

—

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, 2026 and 2025.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

22.

EQUITY

(1)	Details of equity as of June 30, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):


	June 30, 2026			December 31, 2025
Capital
Common stock capital		3,802,676			3,802,676
Hybrid securities		3,511,032			3,710,498
Capital surplus
Paid in capital in excess of par		854,499			854,499
Others		78,655			78,937

Sub-total		933,154			933,436

Capital adjustments
Treasury stocks		(35,517	)		(35,517	)
Other adjustments (*1)		(1,644,008	)		(1,646,069	)

Sub-total		(1,679,525	)		(1,681,586	)

Accumulated other comprehensive income
Gain (loss) on credit risk fluctuation of financial liabilities designated to be measured at FVTPL		1,146			1,274
Financial assets at FVTOCI		(3,131,733	)		(1,106,650	)
Changes in capital due to equity method		9,233			(4,222	)
Net financial gain(loss) on insurance contract assets(liabilities)		4,058,795			1,534,528
Net financial gain(loss) on reinsurance contract assets(liabilities)		(25,842	)		(10,462	)
Revaluation surplus of premises and equipment		1,794,872			—
Gain (loss) on foreign currency translation of foreign operations		777,334			416,768
Gain (loss) on hedges of net investment in foreign operations		(194,029	)		(127,258	)
Remeasurements of defined benefit plan		(52,956	)		(96,991	)
Gain (loss) on valuation of cash flow hedge		(323,112	)		(144,728	)

Sub-total		2,913,708			462,259

Retained earnings (2) (3)		29,403,630			28,790,056

Non-controlling interest (4) (5)		1,995,468			1,841,909

Total		40,880,143			37,859,248

(*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 2,959,506 million Won and 2,678,017 million Won as of June 30, 2026 and December 31, 2025, respectively in accordance with the relevant article.

(*3)	The earned surplus reserve in retained earnings amounted to 667,700 million Won and 554,990 million Won as of June 30, 2026 and December 31, 2025 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 1,406,513 million Won as of June 30, 2026 and December 31, 2025, respectively, are recognized as non-controlling interests. 42,929 million Won and 47,749 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, 2026 and 2025, respectively.

(*5)	10,995 million Won of dividends for the hybrid securities issued by Tongyang Life Insurance Co., Ltd. are allocated to net profit and loss of the non-controlling interests for the year ended December 31, 2025.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

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


	June 30, 2026		December 31, 2025
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		728,089,682 Shares		734,076,320 Shares
Capital stock (*)		3,802,676 million Won		3,802,676 million Won

(*)	Due to the cancellation of treasury shares using retained earnings, the paid-in capital differs from the total par value of the issued shares.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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, 2026			December 31, 2025
Securities in local currency		2021-04-08		—		3.15		—			200,000
Securities in local currency		2021-10-14		—		3.60		200,000			200,000
Securities in local currency		2022-02-17		—		4.10		300,000			300,000
Securities in local currency		2022-07-28		—		4.99		300,000			300,000
Securities in local currency		2022-10-25		—		5.97		220,000			220,000
Securities in local currency		2023-02-10		—		4.65		300,000			300,000
Securities in local currency		2023-09-07		—		5.04		200,000			200,000
Securities in local currency		2024-02-07		—		4.49		400,000			400,000
Securities in local currency		2024-06-19		—		4.27		400,000			400,000
Securities in local currency		2024-10-10		—		4.00		400,000			400,000
Securities in local currency		2025-05-13		—		3.45		400,000			400,000
Securities in local currency		2025-10-22		—		3.34		400,000			400,000
Issuance cost								(8,968	)		(9,502	)

Total								3,511,032			3,710,498

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

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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, 2026
	Beginning balance			Increase (decrease) (*)			Reclassification adjustments			Income tax effect			Non-controlling interest adjustments			Ending balance
Net gain (loss) on valuation of financial assets at FVTOCI		(1,106,650	)		(3,018,345	)		(27,833	)		789,824			231,271			(3,131,733	)
Net gain (loss) on credit risk fluctuation of financial liabilities designated to be measured at FVTPL		1,274			(177	)		—			49			—			1,146
Changes in capital due to equity method		(4,222	)		17,907			—			(4,452	)		—			9,233
Gain (loss) on foreign currency translation of foreign operations		416,768			368,291			—			(5,861	)		(1,864	)		777,334
Gain (loss) on hedges of net investment in foreign operations		(127,258	)		(92,098	)		—			25,327			—			(194,029	)
Remeasurement gain (loss) related to defined benefit liabilities		(96,991	)		60,232			—			(16,601	)		404			(52,956	)
Gain (loss) on valuation of cash flow hedge		(144,728	)		(915,869	)		613,744			75,132			48,609			(323,112	)
Net financial gain(loss) on insurance contract assets(liabilities)		1,534,528			3,955,059			—			(1,003,502	)		(427,290	)		4,058,795
Net financial gain(loss) on reinsurance contract assets(liabilities)		(10,462	)		(31,390	)		—			6,823			9,187			(25,842	)
Revaluation surplus of premises and equipment		—			2,474,187			—			(678,165	)		(1,150	)		1,794,872

Total		462,259			2,817,797			585,911			(811,426	)		(140,833	)		2,913,708

(*)

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 (149) million Won are due to disposal of equity securities at FVTOCI during the period. Also, the increase (decrease) of Revaluation surplus of premises and equipment are changes due to the revaluation and include the amount of (412) million Won transferred directly to retained earnings due to disposal of premises and equipment during the period.

- 125 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


	For the six-month period ended June 30, 2025
	Beginning balance			Increase (decrease) (*)			Reclassification adjustments			Income tax effect			Ending balance
Net gain (loss) on valuation of financial assets at FVTOCI		60,438			192,389			(66,110	)		(36,181	)		150,536
Net gain (loss) on credit risk fluctuation of financial liabilities designated to be measured at FVTPL		1,348			25			—			(7	)		1,366
Changes in capital due to equity method		(1,886	)		(2,790	)		—			765			(3,911	)
Gain (loss) on foreign currency translation of foreign operations		523,780			(386,614	)		—			10,331			147,497
Gain (loss) on hedges of net investment in foreign operations		(149,577	)		98,145			—			(25,910	)		(77,342	)
Remeasurement gain (loss) related to defined benefit plan		(86,218	)		(121,380	)		—			31,527			(176,071	)
Gain (loss) on valuation of cash flow hedge		(14,215	)		(1,011	)		—			1,132			(14,094	)

Total		333,670			(221,236	)		(66,110	)		(18,343	)		27,981

(*)	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 at FVTOCI during the period.

- 126 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(5)	Treasury stocks

Changes in treasury stocks for the six-month periods ended June 30, 2026 and 2025 are as follows (Unit: Korean Won in millions):


	For the six-month period ended June 30, 2026
	Beginning balance		Acquisition		Disposal			Ending balance
Number of shares		3,082,276		5,986,653		(5,986,653	)		3,082,276
Carrying amount		35,517		200,000		(200,000	)		35,517


	For the six-month period ended June 30, 2025
	Beginning balance		Acquisition		Disposal			Ending balance
Number of shares		3,082,276		8,515,245		(64	)		11,597,457
Carrying amount		35,517		150,001		(1	)		185,517

(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.

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, 2026		December 31, 2025
Beginning balance		2,959,506		2,668,842
Changes due to business combinations		—		9,175
Planned provision of regulatory reserve for credit loss		229,447		281,489

Ending balance		3,188,953		2,959,506

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, 2026						Period ended June 30, 2025
	Three-month			Six-month			Three-month			Six-month
Net income before regulatory reserve		1,026,482			1,665,915			939,743			1,594,299
Provision of regulatory reserve for credit loss		155,532			229,447			73,444			136,016
Adjusted net income after the provision of regulatory reserve		870,950			1,436,468			866,299			1,458,283
Dividends to hybrid securities		(39,033	)		(78,067	)		(36,166	)		(75,672	)
Adjusted net income after regulatory reserve and dividends to hybrid securities		831,917			1,358,401			830,133			1,382,611
Adjusted EPS after regulatory reserve and the dividends to hybrid securities (Unit: Korean Won)		1,145			1,866			1,130			1,877

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

23.

DIVIDENDS

(1)	Dividends per share and the total dividends for the fiscal year ending December 31, 2025 were 760 Won and 555,129 million Won, respectively, approved at the regular general shareholders’ meeting held on March 23, 2026 and paid in April 2026.

(2)	At the Board of Directors meeting held on April 24, 2026, a quarterly dividend of 220 Won per share (total dividends of 159,861 million Won) was approved, with May 11, 2026 as the record date. The dividends were paid in May 2026.

24.

NET INTEREST INCOME

(1)	Interest income recognized is as follows (Unit: Korean Won in millions):


	Period ended June 30, 2026				Period ended June 30, 2025
	Three-month		Six-month		Three-month		Six-month
Financial assets at FVTPL		85,358		165,149		64,600		120,559
Financial assets at FVTOCI		681,194		1,332,172		324,231		675,627
Financial assets at amortized cost:
Securities at amortized cost		132,943		263,831		138,493		276,345
Loans and other financial assets at amortized cost:
Interest on due from banks		157,441		289,433		143,785		286,446
Interest on loans		4,450,061		8,814,308		4,416,336		9,005,431
Interest of other receivables		35,563		67,755		27,162		55,368

Subtotal		4,643,065		9,171,496		4,587,283		9,347,245

Insurance finance interest income		5,874		11,581		—		—

Total		5,548,434		10,944,229		5,114,607		10,419,776

(2)	Details of interest expense recognized are as follows (Unit: Korean Won in millions):


	Period ended June 30, 2026				Period ended June 30, 2025
	Three-month		Six-month		Three-month		Six-month
Financial liabilities at amortized cost
Interest on deposits due to customers		1,864,144		3,679,442		2,047,159		4,255,577
Interest on borrowings		326,284		611,644		282,620		586,329
Interest on debentures		480,373		944,385		440,003		888,550
Other interest expense		138,299		267,995		78,646		166,580
Interest on lease liabilities		5,054		9,741		4,362		8,932

Subtotal		2,814,154		5,513,207		2,852,790		5,905,968

Insurance finance interest expense		377,710		771,299		—		—

Total		3,191,864		6,284,506		2,852,790		5,905,968

- 128 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

25.

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, 2026				Period ended June 30, 2025
	Three-month		Six-month		Three-month		Six-month
Fees and commission received for brokerage		33,749		70,966		41,235		83,615
Fees and commission received related to credit		37,263		75,838		42,796		87,270
Fees and commission received for electronic finance		33,002		65,888		31,309		62,810
Fees and commission received on foreign exchange handling		14,004		27,561		13,947		27,719
Fees and commission received on foreign exchange		42,548		69,952		27,299		54,751
Fees and commission received for guarantee		24,811		47,243		24,854		49,256
Fees and commission received on credit card		172,651		327,402		162,478		323,094
Fees and commission received on securities business		55,633		94,043		21,396		38,497
Fees and commission from trust management		78,684		143,661		69,917		134,566
Fees and commission received on credit information		2,259		4,213		2,537		5,216
Fees and commission received related to lease		237,802		477,147		239,340		478,703
Other fees		215,622		333,859		55,125		95,707

Total		948,028		1,737,773		732,233		1,441,204

(2)	Details of fees and commissions expense incurred are as follows (Unit: Korean Won in millions):


	Period ended June 30, 2026				Period ended June 30, 2025
	Three-month		Six-month		Three-month		Six-month
Fees and commissions paid		96,976		185,582		95,333		180,545
Credit card commission		117,982		230,127		108,915		215,126
Securities business commission		1,845		3,349		614		1,015
Others		29,270		39,930		5,053		10,766

Total		246,073		458,988		209,915		407,452

26.

DIVIDEND INCOME

(1)	Details of dividend income recognized are as follows (Unit: Korean Won in millions):


	Period ended June 30, 2026				Period ended June 30, 2025
	Three-month		Six-month		Three-month		Six-month
Dividend income related to financial assets at FVTPL		131,379		252,247		70,372		125,651
Dividend income related to financial assets at FVTOCI		6,654		26,518		2,237		16,782

Total		138,033		278,765		72,609		142,433

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(2)	Details of dividends related to financial assets at FVTOCI are as follows (Unit: Korean Won in millions):


	Period ended June 30, 2026
	Derecognized equity instruments				Held equity instruments
	Three-month		Six-month		Three-month		Six-month
Stocks		10		10		1,769		17,279
Capital contributions		—		—		745		968
Others		—		—		4,130		8,261

Total		10		10		6,644		26,508


	Period ended June 30, 2025
	Derecognized equity instruments				Held equity instruments
	Three-month		Six-month		Three-month		Six-month
Stocks		567		567		1,629		15,420
Capital contributions		—		—		41		795
Others		—		—		—		—

Total		567		567		1,670		16,215

- 130 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

27.

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, 2026				Period ended June 30, 2025
	Three-month		Six-month		Three-month			Six-month
Gain (Loss) on financial instruments at FVTPL		1,086,507		1,496,835		(320,679	)		(108,271	)
Gain (Loss) on financial instruments designated to be measured at FVTPL		14,766		43,689		(4,625	)		(14,665	)

Total		1,101,273		1,540,524		(325,304	)		(122,936	)

(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, 2026						Period ended June 30, 2025
			Three-month			Six-month			Three-month			Six-month
Financial assets at FVTPL	Securities	Gain on transactions and valuation		1,294,947			1,965,548			24,764			361,388
		Loss on transactions and valuation		(445,063	)		(1,070,314	)		(88,683	)		(214,967	)

		Sub-total		849,884			895,234			(63,919	)		146,421

	Loans	Gain on transactions and valuation		5,494			13,742			2,133			3,345
		Loss on transactions and valuation		4,395			(4,679	)		5			(67	)

		Sub-total		9,889			9,063			2,138			3,278

	Other financial assets	Gain on transactions and valuation		20,520			64,282			8,890			12,208
		Loss on transactions and valuation		(20,464	)		(53,370	)		(6,651	)		(13,926	)

		Sub-total		56			10,912			2,239			(1,718	)

	Sub-total			859,829			915,209			(59,542	)		147,981

Derivatives (Held for trading) (*)	Interest rates derivatives	Gain on transactions and valuation		666,113			1,854,102			699,666			1,056,244
		Loss on transactions and valuation		(397,796	)		(1,262,162	)		(558,067	)		(1,114,345	)

		Sub-total		268,317			591,940			141,599			(58,101	)

	Currency derivatives	Gain on transactions and valuation		3,038,356			8,570,041			5,741,408			8,079,511
		Loss on transactions and valuation		(3,145,345	)		(8,612,902	)		(6,144,542	)		(8,278,116	)

		Sub-total		(106,989	)		(42,861	)		(403,134	)		(198,605	)

	Equity derivatives	Gain on transactions and valuation		204,493			409,493			469			558
		Loss on transactions and valuation		(139,143	)		(376,938	)		(186	)		(223	)

		Sub-total		65,350			32,555			283			335

	Other derivatives	Gain on transactions and valuation		—			—			220			224
		Loss on transactions and valuation		—			(8	)		(105	)		(105	)

		Sub-total		—			(8	)		115			119

	Sub-total			226,678			581,626			(261,137	)		(256,252	)

Net, total				1,086,507			1,496,835			(320,679	)		(108,271	)

(*)	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 30. (2) and (3).

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(3)	Details of gains or losses on financial instruments designated to be measured at FVTPL are as follows (Unit: Korean Won in millions):


	Period ended June 30, 2026				Period ended June 30, 2025
	Three-month		Six-month		Three-month			Six-month
Gain (Loss) on deposits
Gain (Loss) on fixed deposits		14,766		43,689		(4,625	)		(14,665	)

28.

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, 2026				Period ended June 30, 2025
	Three-month		Six-month		Three-month		Six-month
Gain (loss) on redemption of securities		1		1		—		—
Gain (loss) on transactions of securities		8,940		19,643		47,566		80,823

Total		8,941		19,644		47,566		80,823

29.

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, 2026						Period ended June 30, 2025
	Three-month			Six-month			Three-month			Six-month
Reversal (provision) due to credit loss on financial assets measured at FVTOCI		(5,112	)		(7,028	)		239			(489	)
Reversal of impairment loss due to credit loss on securities at amortized cost		338			390			127			217
Provision for impairment loss due to credit loss on loan and other financial assets at amortized cost		(419,516	)		(948,369	)		(508,770	)		(950,656	)
Reversal of (provision for) guarantees		(19,871	)		(18,427	)		(1,399	)		1,220
Reversal of unused loan commitment		4,918			7,409			1,994			6,398

Total		(439,243	)		(966,025	)		(507,809	)		(943,310	)

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

30.

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, 2026					Period ended June 30, 2025
			Three-month			Six-month		Three-month		Six-month
Employee benefits	Short-term employee benefits	Salaries		473,084			965,032		460,681		932,793
		Employee fringe benefits		174,966			374,962		181,892		327,138
	Share based payment			(6,265	)		16,796		19,507		24,750
	Retirement benefit service costs			45,578			88,221		63,737		102,111
	Termination			—			183,070		—		169,392

	Sub-total			687,363			1,628,081		725,817		1,556,184

Depreciation and amortization				157,993			309,932		143,052		285,999
Other general and administrative expenses	Rent			32,872			64,368		29,801		61,820
	Taxes and public dues			92,581			166,814		60,221		112,635
	Service charges			65,397			131,726		64,752		128,477
	Computer and IT related			47,625			93,071		39,050		77,996
	Telephone and communication			29,148			56,742		23,708		49,223
	Advertising			44,433			78,339		38,640		64,237
	Printing			942			1,999		1,079		2,235
	Traveling			3,843			8,180		3,184		6,244
	Supplies			1,869			3,850		1,843		3,549
	Insurance premium			3,237			7,415		2,919		6,645
	Maintenance			5,536			11,529		5,663		11,588
	Water, light, and heating			4,736			11,017		4,071		9,674
	Vehicle maintenance			3,187			5,806		3,003		5,716
	Others (*)			29,285			53,987		26,111		96,864

	Sub-total			364,691			694,843		304,045		636,903

	Total			1,210,047			2,632,856		1,172,914		2,479,086

(*)	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, 2026				Period ended June 30, 2025
	Three-month		Six-month		Three-month		Six-month
Gains on transactions of foreign exchange (*)		442,585		893,158		909,163		1,197,499
Gains related to derivatives (designated for hedging)		32,699		94,553		26,169		85,237
Gains on fair value hedged items		19,789		52,468		1,820		3,887
Others		151,623		278,111		121,326		216,965

Total		646,696		1,318,290		1,058,478		1,503,588

(*)	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 27. (2).

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(3)	Details of other operating expenses recognized are as follows (Unit: Korean Won in millions):


	Period ended June 30, 2026				Period ended June 30, 2025
	Three-month		Six-month		Three-month		Six-month
Losses on transactions of foreign exchange (*1)		241,621		693,219		155,565		472,940
KDIC deposit insurance premium		133,854		260,461		126,212		256,582
Contribution to miscellaneous funds		147,852		287,836		132,148		262,256
Losses related to derivatives (Designated for hedging)		106,245		302,267		107,787		111,521
Losses on fair value hedged items		3,513		13,560		14,743		59,901
Others (*2)		352,142		691,538		345,201		641,309

Total		985,227		2,248,881		881,656		1,804,509

(*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 27. (2).

(*2)	Other expense includes 11,245 million Won and 16,279 million Won for intangible asset amortization cost and 311,400 million Won and 313,693 million Won for lease depreciation cost for the six-month periods ended June 30, 2026 and 2025, respectively.

(4)	Share-based payment

Details of performance condition share-based payment granted to executives as of June 30, 2026 and December 31, 2025 are as follows.

Performance condition share-based payment


Subject to		Shares granted for the year 2021
Type of payment		Cash-settled
Vesting period		January 1, 2021 ~ December 31, 2024
Date of payment		2025-01-01
Fair value (*1)		15,831 Won
Valuation method		Black-Scholes Model
Expected dividend rate		6.48%
Expected maturity date		—
Number of shares remaining	As of June 30, 2026	56,029 shares
	As of December 31, 2025	56,029 shares
Number of shares granted (*2)	As of June 30, 2026	56,029 shares
	As of December 31, 2025	56,029 shares

Subject to		Shares granted for the year 2022
Type of payment		Cash-settled
Vesting period		January 1, 2022 ~ December 31, 2025
Date of payment		2026-01-01
Fair value (*1)		27,713 Won
Valuation method		Black-Scholes Model
Expected dividend rate		7.30%
Expected maturity date		—
Number of shares remaining	As of June 30, 2026	55,560 shares
	As of December 31, 2025	960,777 shares
Number of shares granted (*2)	As of June 30, 2026	55,560 shares
	As of December 31, 2025	960,777 shares

- 134 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


Subject to		Shares granted for the year 2023
Type of payment		Cash-settled
Vesting period		January 1, 2023 ~ December 31, 2026
Date of payment		2027-01-01
Fair value (*1)		28,979 Won
Valuation method		Black-Scholes Model
Expected dividend rate		6.70%
Expected maturity date		0.50 years
Number of shares remaining	As of June 30, 2026	916,849 shares
	As of December 31, 2025	916,849 shares
Number of shares granted (*2)	As of June 30, 2026	916,849 shares
	As of December 31, 2025	916,849 shares
Subject to		Shares granted for the year 2024
Type of payment		Cash-settled
Vesting period		January 1, 2024 ~ December 31, 2027
Date of payment		2028-01-01
Fair value (*1)		27,101 Won
Valuation method		Black-Scholes Model
Expected dividend rate		6.70%
Expected maturity date		1.50 years
Number of shares remaining	As of June 30, 2026	1,384,504 shares
	As of December 31, 2025	1,384,504 shares
Number of shares granted (*2)	As of June 30, 2026	1,384,504 shares
	As of December 31, 2025	1,384,504 shares
Subject to		Shares granted for the year 2025
Type of payment		Cash-settled
Vesting period		January 1, 2025 ~ December 31, 2028
Date of payment		2029-01-01
Fair value (*1)		25,345 Won
Valuation method		Black-Scholes Model
Expected dividend rate		6.70%
Expected maturity date		2.50 years
Number of shares remaining	As of June 30, 2026	1,048,842 shares
	As of December 31, 2025	1,048,842 shares
Number of shares granted (*2)	As of June 30, 2026	1,048,842 shares
	As of December 31, 2025	1,048,842 shares
Subject to		Shares granted for the year 2026
Type of payment		Cash-settled
Vesting period		January 1, 2026 ~ December 31, 2029
Date of payment		2030-01-01
Fair value (*1)		23,703 Won
Valuation method		Black-Scholes Model
Expected dividend rate		6.70%
Expected maturity date		3.50 years
Number of shares remaining	As of June 30, 2026	296,958 shares
	As of December 31, 2025	—
Number of shares granted (*2)	As of June 30, 2026	296,958 shares
	As of December 31, 2025	—

(*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.

- 135 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

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, 2026 and December 31, 2025, the carrying amount of the liabilities related to the performance condition share-based payments recognized by the Group amounts to 100,211 million Won and 107,713 million Won, respectively, including the carrying amount of liabilities related to key management of 40,820 million Won and 43,823 million Won, respectively.

- 136 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

31.

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, 2026						Period ended June 30, 2025
	Three-month			Six-month			Three-month			Six-month
Gains on valuation of investments in joint ventures and associates		6,654			47,685			68,177			84,403
Losses on valuation of investments in joint ventures and associates		(7,295	)		(19,563	)		(6,524	)		(12,715	)

Total		(641	)		28,122			61,653			71,688

(2)	Details of other non-operating income and expenses recognized are as follows (Unit: Korean Won in millions):


	Period ended June 30, 2026						Period ended June 30, 2025
	Three-month			Six-month			Three-month			Six-month
Other non-operating incomes		51,922			91,494			29,337			52,516
Other non-operating expenses		(48,756	)		(77,054	)		(12,956	)		(50,838	)

Total		3,166			14,440			16,381			1,678

(3)	Details of other non-operating income recognized are as follows (Unit: Korean Won in millions):


	Period ended June 30, 2026				Period ended June 30, 2025
	Three-month		Six-month		Three-month		Six-month
Rental fee income		28,363		40,353		5,294		10,605
Gains on disposal of investments in joint ventures and associates		2,650		20,162		406		422
Gains on disposal of premises and equipment, intangible assets and other assets		3,994		5,472		15,790		16,165
Reversal of impairment losses of premises and equipment, intangible assets and other assets		—		705		899		919
Others (*)		16,915		24,802		6,948		24,405

Total		51,922		91,494		29,337		52,516

(*)	‘Others’ for the six-month periods ended June 30, 2026 and 2025 include 11,122 million Won and 3 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, 2026					Period ended June 30, 2025
	Three-month			Six-month		Three-month		Six-month
Depreciation on investment properties		2,639			5,508		1,369		2,766
Operating expenses on investment properties		344			686		309		630
Losses on disposal of investments in joint ventures and associates		31,405			31,434		50		241
Losses on disposal of premises and equipment, intangible assets and other assets		5,625			9,347		673		1,060
Impairment losses of premises and equipment, intangible assets and other assets		20			391		100		382
Loss on revaluation of premises and equipment		(3	)		6,835		—		—
Donation		3,295			9,683		3,640		19,631
Others (*)		5,431			13,170		6,815		26,128

Total		48,756			77,054		12,956		50,838

(*)	Other special losses related to other provisions for the six-month periods ended June 30, 2026 and 2025 are 187 million Won and 988 million Won, respectively.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

32.

INCOME TAX EXPENSE

Details of income tax expenses are as follows (Unit: Korean Won in millions):


	For the six-month periods ended June 30
	2026			2025
Current tax expense:
Current tax expense with respect to the current period		429,208			751,933
Adjustments recognized in the current period in relation to the tax expense of prior periods		(85,849	)		9,526
Income tax expense (income) directly attributable to other equity		25,229			(25,910	)

Sub-total		368,588			735,549

Deferred tax expense
Change in deferred tax assets (liabilities) due to temporary differences		971,283			(289,427	)
Income tax expense (income) directly attributable to equity		(836,753	)		7,567
Others		(2,644	)		3,092

Sub-total		131,886			(278,768	)

Income tax expense		500,474			456,781

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, 2026, is 23.1% (The weighted average annual effective tax rate for the June 30, 2025, is 22.3%).

- 138 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

33.

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, 2026						Period ended June 30, 2025
	Three-month			Six-month			Three-month			Six-month
Net income attributable to owners of the parent		1,004,578			1,608,896			935,328			1,552,019
Dividends on hybrid securities		(39,033	)		(78,067	)		(36,166	)		(75,672	)
Net income attributable to common shareholders		965,545			1,530,829			899,162			1,476,347
Weighted average number of common shares outstanding (Unit: million shares)		726			728			734			736
Basic EPS (Unit: Korean Won)		1,330			2,103			1,225			2,006

(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, 2026
	Number of shares			Accumulated number of shares outstanding during period
Common shares issued at the beginning of the period		734,076,320			132,867,813,920
Treasury shares		(3,082,276	)		(557,891,956	)
Acquisition and cancellation of treasury shares		(5,986,653	)		(501,672,562	)
Disposal of treasury shares		15			2,265

Sub-total (①)					131,808,251,667

Weighted average number of common shares outstanding (②=①/181)					728,222,385


	For the six-month period ended June 30, 2025
	Number of shares			Accumulated number of shares outstanding during period
Common shares issued at the beginning of the period		742,591,501			134,409,061,681
Treasury shares		(3,082,276	)		(557,891,956	)
Acquisition and cancellation of treasury shares		(8,515,245	)		(548,504,531	)
Disposal of treasury shares		64			320

Sub-total (①)					133,302,665,514

Weighted average number of common shares outstanding (②=①/181)					736,478,815

Diluted EPS is equal to basic EPS because there is no dilution effect for the six-month periods ended June 30, 2026 and 2025.

- 139 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

34.

CONTINGENT LIABILITIES AND COMMITMENTS

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


	June 30, 2026		December 31, 2025
Confirmed guarantees
Guarantee for loans		75,168		69,961
Acceptances		581,195		495,942
Guarantees in acceptances of imported goods		64,195		66,879
Other confirmed guarantees		11,663,739		10,831,684

Sub-total		12,384,297		11,464,466

Unconfirmed guarantees
Local letters of credit		186,541		161,120
Letters of credit		3,159,046		2,615,813
Other unconfirmed guarantees		2,045,260		1,331,305

Sub-total		5,390,847		4,108,238

Commercial paper purchase commitments and others		458,213		497,394

Total (*)		18,233,357		16,070,098

(*)	Includes financial guarantees of 5,311,134 million won and 5,032,808 million won as of June 30, 2026 and December 31, 2025, respectively.

(2)	Details of loan commitments and others are as follows (Unit: Korean Won in millions):


	June 30, 2026		December 31, 2025
Loan commitments		137,828,799		134,286,067
Other commitments (*)		11,469,312		10,205,741

(*)	As of June 30, 2026 and December 31, 2025, the amount of unsecured bills (purchase bills sales) and discounts on electronic short-term bond sales (purchase) are 5,717,357 million won and 4,399,729 million won, respectively.

(3)	Litigation case

Details of litigation cases as of the period ended June 30, 2026, and December 31, 2025 are as follows.

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 1,074 cases (litigation value of 876,553 million Won) and 1,032 cases (litigation value of 926,888 million Won) as of June 30, 2026 and December 31, 2025 respectively, and provisions for litigations are 65,066 million Won and 70,682 million Won.

- 140 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(4)	Other commitments

The obligations related to guaranteed completion with trust business as of June 30, 2026, are as follows (Unit: Korean Won in millions):


		Cases		Initial PF Commitment Limit		Amount of PF Loans (*3)		Amount of unused PF limit (*4)		Amount of Trust Account Limit (*4)		Amount of Trust Account
Responsible completion land trust (*1)	Our Responsibility for Completion Deadline Passed (including completed projects)		3		200,000		37,233		53,513		5,700		5,645
Redevelopment Land Trust	Our Obligation to Bear Responsibility for Completion (*2)		3		98,499		54,210		97,066		32,500		15,205
Total			6		298,499		91,443		150,579		38,200		20,850

(*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 subsidiary 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 agent 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, 2026.

(*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 limit may be subject to change during the project progress due to reasons such as limit deductions.

As of June 30, 2026, Woori Asset Trust, a subsidiary, may lend a trust account for a part of the total project cost in relation to 31 debt-type land trust contracts including Boutique Terrace Hotel in Woo-dong, Haeundae-gu, Busan. The maximum loan amount (unused limit) is 175,700 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.

Pursuant to some contracts related to asset securitization, the Group utilizes various prerequisites, 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.

As of June 30, 2026, Tongyang Life Insurance, a subsidiary, is under investigation by the Financial Services Commission regarding potential violations of the Credit Information Use and Protection Act.

The administrative fine paid to the Personal Information Protection Commission in October 2025 in connection with the leakage of personal credit information of merchant representatives that occurred at the subsidiary, Woori Card, between January and April 2024 has been recognized in non-operating income and expenses. In addition, further administrative fines may be imposed by the Financial Services Commission; however, the outcome cannot be predicted at this time.

- 141 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

35.

RELATED PARTY TRANSACTIONS

Related parties of the Group as of June 30, 2026 and December 31, 2025, 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, 2026 and 2025 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		Account title	June 30, 2026			December 31, 2025
Associates	W Service Networks Co., Ltd.	Loans		20			30
		Deposits due to customers		3,034			3,009
		Accrued expenses		8			7
		Other liabilities		353			316
	Korea Credit Bureau Co., Ltd.	Loans		22			—
		Deposits due to customers		1,609			2,615
		Other liabilities		22			10
	Korea Finance Security Co., Ltd.	Loans		1,820			3,435
		Loss allowance		(12	)		(23	)
		Deposits due to customers		1,285			2,138
		Other liabilities		6			1
	LOTTE CARD Co. Ltd.	Loans		15,415			26,880
		Account receivables		52			35
		Loss allowance		(31	)		(295	)
		Derivative assets		116			564
		Other assets		208			256
		Deposits due to customers		37,248			22,869
		Accrued expenses		36			39
		Derivative liabilities		1,186			807
		Other liabilities		288			289
	K BANK Co., Ltd. (*1)	Loans		—			17
		Account receivables		—			9
		Cash and cash equivalents		—			192
		Other assets		—			43
		Other liabilities		—			158,668
	Others (*2)	Loans		42,713			42,903
		Loss allowance		(139	)		(139	)
		Other assets		61,457			9,116
		Deposits due to customers		1,319			2,259
		Other liabilities		6			541

(*1)	It has been excluded from related parties as of June 30, 2026.

(*2)	Others include IGEN2022No. 1 Private Equity Fund and etc., as of June 30, 2026 and December 31, 2025.

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WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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
Related parties		Account title	2026			2025
Associates	W Service Network Co., Ltd.	Other income		18			18
		Interest expenses		34			17
		Fees expenses		83			191
		Other expenses		516			521
	Korea Credit Bureau Co., Ltd.	Interest expenses		12			—
		Fees expenses		2,664			2,564
		Other expenses		24			41
	Korea Finance Security Co., Ltd.	Interest income		71			73
		Interest expenses		2			1
		Provision(Reversal) of allowance for credit loss		(5	)		(23	)
		Other expenses		13			13
	LOTTE CARD Co., Ltd.	Interest income		1,385			732
		Fees income		2,015			1,940
		Gain on derivatives		250			1,150
		Loss on derivatives		827			580
		Interest expenses		545			1,227
		Fees expenses		1,278			—
		Provision(Reversal) of allowance for credit loss		(264	)		(273	)
	K BANK Co., Ltd.	Fees income		—			113
		Other expenses		2			—
	Others (*)	Interest income		940			124
		Fees income		55,693			8,591
		Dividend income		—			1,201
		Other income		5,536			3,076
		Interest expenses		4,092			7,391
		Other expenses		839			1,205
		Provision(Reversal) of allowance for credit loss		—			(272	)

(*)	Others include Win Mortgage Co., Ltd. and etc., for the six-month periods ended June 30, 2026 and 2025.

- 143 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(3)	Major loan transactions with related parties for the six-month periods ended June 30, 2026 and 2025 are as follows (Unit: Korean Won in millions):


		For the six-month period ended June 30, 2026
Related parties		Beginning balance		Loan		Collection		Others			Ending balance (*1)
Associates	W Service Network Co., Ltd.		30		132		142		—			20
	Korea Credit Bureau Co., Ltd.		—		138		116		—			22
	Korea Finance Security Co., Ltd.		3,435		188		1,803		—			1,820
	LOTTE CARD Co., Ltd.		26,880		—		12,531		1,066			15,415
	K BANK Co., Ltd. (*2)		17		—		—		(17	)		—
	Win Mortgage Co.,Ltd.		18		103		108		—			13
	Woori Real Estate Investment No. 1 Limited Liability Company		42,885		—		185		—			42,700

(*1)	Payments that occurred for business reasons among related parties are excluded and net increase or decrease was used for limited credit loan.

(*2)	It has been excluded from related parties as of June 30, 2026.


		For the six-month period ended June 30, 2025
Related parties		Beginning balance		Loan		Collection		Others			Ending balance (*)
Associates	W Service Network Co., Ltd.		51		207		235		—			23
	Korea Credit Bureau Co., Ltd.		1		1		2		—			—
	Korea Finance Security Co., Ltd.		3,225		1,539		1,434		—			3,330
	LOTTE CARD Co., Ltd.		27,913		—		13,213		(1,136	)		13,564
	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		38,770		—		16,346		(22,424	)		—

(*)	Payments that occurred for business reasons among related parties are excluded and net increase or decrease was used for limited credit loan.

- 144 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(4)	Details of changes in major deposits due to customers with related parties for the six-month periods ended June 30, 2026 and 2025 are as follows (Unit: Korean Won in millions):


		For the six-month period ended June 30, 2026
Related parties		Beginning balance		Increase		Decrease		Ending balance (*)
Associates	W Service Networks Co., Ltd		1,000		1,860		—		2,860
	Win Mortgage Co.,Ltd.	1,352		1,652		1,934		1,070
	Korea Credit Bureau Co., Ltd.		1,000		—		—		1,000

(*)	Details of payment between related parties, demand deposit due to customers and etc. are excluded.


		For the six-month period ended June 30, 2025
Related parties		Beginning balance		Increase		Decrease		Ending balance (*)
Associates	W Service Networks Co., Ltd		1,000		—		—		1,000
	Win Mortgage Co.,Ltd.	1,387		1,611		1,523		1,475

(*)	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, 2026 and 2025.

(6)	Guarantees provided to the related parties are as follows (Unit: Korean Won in millions):


Warrantee	June 30, 2026		December 31, 2025		Warranty
Korea Finance Security Co., Ltd.		2,040		425		Unused loan commitment
Korea Credit Bureau Co., Ltd.		978		35		Unused loan commitment
W Service Network Co., Ltd.		160		150		Unused loan commitment
K BANK Co., Ltd.		—		283		Unused loan commitment
LOTTE CARD Co. Ltd.		478,300		478,300		Unused loan commitment
		1,773		1,650		Confirmed Foreign Currency Payment Guarantee
Win Mortgage Co.,Ltd.		37		32		Unused loan commitment

As of June 30, 2026 and December 31, 2025, the recognized payment guarantee provisions are 294 million Won and 289 million Won, respectively, in relation to the guarantees provided to the related parties above.

- 145 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(7)	Amount of commitments with the related parties are as follows (Unit: Korean Won in millions):


Warrantee	June 30, 2026		December 31, 2025		Warranty
NH Woori Newdeal Growth Alpha Private Equity Fund 1		819		819	Securities purchase commitment
Samsung Together Korea IPPF private securities investment trust 3 [Equity-FoFs]		990,000		990,000	Securities purchase commitment
BTS 2nd Private Equity Fund		176		1,234	Securities purchase commitment
STASSETS FUND III		—		1,500	Securities purchase commitment
Synaptic Future Growth Private Equity Fund 1		1,549		1,624	Securities purchase commitment
IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership		4,664		4,664	Securities purchase commitment
Woori Seoul Beltway Private Special Asset Fund No.1		25,030		27,103	Securities purchase commitment
Woori Oncorp Corporate support of Major Industry General Type Private Investment Trust 2		60		255	Securities purchase commitment
Woori Asset Global Partnership Fund No.5		63,750		75,000	Securities purchase commitment
JC Assurance No.2 Private Equity Fund		491		492	Securities purchase commitment
Crevisse Raim Impact 1st Startup Venture Specialist Private Equity Fund		—		50	Securities purchase commitment
Woori Real Estate Investment No. 1 Limited Liability Company		7,100		7,100	Securities purchase commitment
Woori Future Energy Private Special Asset Investment Trust(General) No.1		19,312		33,600	Securities purchase commitment
LOTTE CARD Co., Ltd.		440,000		440,000	Derivative commitment
Woori IMM Green Net Zero Fund		21,099		21,099	Securities purchase commitment
Woori NH Co-Growth Private Equity Fund I		69,720		9,296	Securities purchase commitment
Woori PGIF4 General Type Private Special Asset Investment Trust No.1		6,486		3,102	Securities purchase commitment
Woori GS West Street Strategic Solutions General Type Private Special Asset Investment Trust No.1		16,995		15,820	Securities purchase commitment
Woori Global Secondary Private Placement Investment Trust No. 2		3,030		2,948	Securities purchase commitment
Woori Productive Financing Education Infrastructure General Private Special Asset Investment Trust No.1		17,615		20,000	Securities purchase commitment
Woori Venture-EverBest Corporate Turnaround Private Equity Fund		9,600		—	Securities purchase commitment
Woori Secondary Fund 1		3,952		—	Securities purchase commitment

- 146 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(8)	Major investment and Recovery transactions

There are no major investment and recovery transactions with related parties for the six-month periods ended 2026 and 2025. Investment and recovery transactions of associates that are not treated as financial assets at fair value through profit or loss are described in Note 12.(2)

(9)	Compensation for key management is as follows (Unit: Korean Won in millions):


	For the six-month periods ended June 30
	2026		2025
Short-term employee salaries		13,314		12,428
Retirement benefit service costs		660		523
Share-based compensation		5,402		8,117

Total		19,376		21,068

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 2,627 million won and 3,203 million won, as of June 30, 2026 and December 31, 2025 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 15,691 million won and 11,562 million won, respectively, as of June 30, 2026 and December 31, 2025.

- 147 -

WOORI FINANCIAL GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

36.

EVENTS AFTER THE REPORTING PERIOD

(1)

On July 24, 2026, the Board of Directors has declared to pay a quarterly dividend of 220 Won per share (total dividend of 159,937 million Won), with the record date set as of August 10, 2026, and the dividends will be paid on August 31, 2026.

(2)

On April 29, 2026, the Group entered into a share exchange agreement with its subsidiary, Tongyang Life Insurance Co., Ltd., pursuant to which 0.2521056 shares of the Group’s common stock will be delivered on August 11, 2026 to the shareholders of Tongyang Life Insurance Co., Ltd., other than the Group, for each one share of common stock of Tongyang Life Insurance Co., Ltd.

On July 24, 2026, the comprehensive share exchange was approved by the Group’s Board of Directors in lieu of a shareholders’ meeting and by the shareholders’ meeting of Tongyang Life Insurance Co., Ltd. The new shares of the Group to be issued in connection with this transaction are scheduled to be listed on August 31, 2026.

(3)

On July 24, 2026, the Group’s Board of Directors resolved to acquire and retire treasury shares. Accordingly, the Group plans to acquire treasury shares in the amount of 150 billion Won through a trust agreement during the period from July 24, 2026 to January 22, 2027, and subsequently retire all shares acquired pursuant to this transaction.

- 148 -

EX-99.2 3 d131988dex992.htm EX-99.2 EX-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, 2026 and 2025

WOORI FINANCIAL GROUP INC.


	Page(s)
Independent Auditors’ Review Report		1-2

Separate Interim Financial Statements

Separate Interim Statements of Financial Position		4

Separate Interim Statements of Comprehensive Income		5

Separate Interim Statements of Changes in Equity		6

Separate Interim Statements of Cash Flows		7

Notes to the Separate Interim Financial Statements		8-41

Independent Auditor’s Review Report

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, 2026, the condensed separate interim statements of comprehensive income for three-month and six-month periods ended June 30, 2026, and 2025, the condensed separate interim statement of changes in equity and cash flows for the six-month periods ended June 30, 2026, and 2025 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.

Auditor’s 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 review, nothing has come to our attention that causes us to believe 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.

- 1 -

Other Matters

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.

The separate statement of financial position of the Company as of December 31, 2025, 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 4, 2026, expressed an unqualified opinion. The accompanying separate statement of financial position of the Company as of December 31, 2025, presented for comparative purposes, is not different from that audited by us from which it was derived in all material respects.

/s/ KPMG Samjong Accounting Corp.

Seoul, Korea

August 14, 2026

This report is effective as of August 14, 2026, 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.

- 2 -

WOORI FINANCIAL GROUP INC.

SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF AND FOR THE THREE-MONTH AND SIX-MONTH PERIODS ENDED June 30, 2026 and 2025

The accompanying condensed 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, 2026 (UNAUDITED) AND DECEMBER 31, 2025


	June 30, 2026			December 31, 2025
	(Korean Won in millions)
ASSETS
Cash and cash equivalents (Notes 5 and 26)		311,083			489,321
Financial assets at fair value through other comprehensive income (“FVTOCI”) (Notes 6 and 8)		549,882			558,162
Loans and other financial assets at amortized cost (Notes 4, 7, 8 and 26)		285,359			707,142
Investments in subsidiaries (Notes 9 and 26)		26,599,124			25,597,495
Premises and equipment		3,169			4,763
Intangible assets		4,386			2,961
Net defined benefit asset (Note 13)		268			2,108
Current tax assets		118,616			26,295
Deferred tax assets		7,140			5,810
Other assets (Note 10)		245			315

Total assets		27,879,272			27,394,372

LIABILITIES
Debentures (Notes 4, 8 and 11)		3,536,620			2,667,525
Provisions (Note 12)		1,571			1,897
Current tax liabilities		199,152			673,217
Other financial liabilities (Notes 4, 8, 14 and 26)		236,422			95,822
Other liabilities (Note 14)		405			5,967

Total liabilities		3,974,170			3,444,428

EQUITY (Note 15)
Capital stock		3,802,676			3,802,676
Hybrid securities		3,510,805			3,710,228
Capital surplus		8,120,236			8,120,236
Other equity		(1,958	)		2,607
Retained earnings		8,473,343			8,314,197

Total equity		23,905,102			23,949,944

Total liabilities and equity		27,879,272			27,394,372

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

- 4 -

WOORI FINANCIAL GROUP INC.

SEPARATE INTERIM STATEMENTS OF COMPREHENSIVE INCOME

FOR THE THREE-MONTH AND SIX-MONTH PERIODS ENDED JUNE 30, 2026 AND 2025 (UNAUDITED)


	Periods ended June 30, 2026						Periods ended June 30, 2025
	Three-month			Six-month			Three-month			Six-month
	(Korean Won in millions, except for earnings per share data)
Interest income		2,684			5,674			13,018			21,628
Interest expense		(23,460	)		(42,341	)		(18,209	)		(35,022	)

Net interest loss (Notes 17 and 26)		(20,776	)		(36,667	)		(5,191	)		(13,394	)
Fees and commissions income		444			887			417			876
Fees and commissions expense		(7,123	)		(14,583	)		(8,402	)		(13,642	)

Net fees and commissions loss (Notes 18 and 26)		(6,679	)		(13,696	)		(7,985	)		(12,766	)
Dividend income (Notes 19 and 26)		6,545			1,249,918			6,193			1,435,418
Reversal (Provision) of impairment losses due to credit loss (Notes 20 and 26)		655			—			289			(115	)
General and administrative expenses (Notes 21 and 26)		(17,234	)		(41,093	)		(21,727	)		(40,148	)

Operating income (expense)		(37,489	)		1,158,462			(28,421	)		1,368,995
Non-operating income (expense) (Note 22)		(43	)		(43	)		19			13
Net income (expense) before income tax expense		(37,532	)		1,158,419			(28,402	)		1,369,008
Income tax income (expense) (Note 23)		(18	)		(1,026	)		1,133			(212	)
Net income (loss)		(37,550	)		1,157,393			(27,269	)		1,368,796

Net gain (loss) on valuation of equity securities at FVTOCI (Note 15)		(1,433	)		(6,002	)		4,302			6,988
Remeasurement gain (loss) related to defined benefit plan (Notes 13 and 15)		341			(208	)		(141	)		(1,101	)

Items that will not be reclassified to profit or loss:		(1,092	)		(6,210	)		4,161			5,887

Other comprehensive income (loss), net of tax		(1,092	)		(6,210	)		4,161			5,887
Total comprehensive income (loss)		(38,642	)		1,151,183			(23,108	)		1,374,683

Earnings (Loss) per share (Notes 15 and 24)
Basic and diluted earnings (loss) per share (Unit: In Korean Won)		(105	)		1,476			(86	)		1,749

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

- 5 -

WOORI FINANCIAL GROUP INC.

SEPARATE INTERIM STATEMENTS OF CHANGES IN EQUITY

FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2026 AND 2025 (UNAUDITED)


	Capital stock		Capital surplus			Hybrid securities			Other equity			Retained earnings			Total equity
	(Korean Won in millions)
January 01, 2025		3,802,676		11,120,236			3,810,225			(1,189	)		5,420,783			24,152,731
Total comprehensive income
Net income		—		—			—			—			1,368,796			1,368,796
Net gain on valuation of equity securities at FVTOCI		—		—			—			6,988			—			6,988
Remeasurement loss related to defined benefit plan		—		—			—			(1,101	)		—			(1,101	)
Transactions with owners
Dividends to common stocks		—		—			—			—			(637,502	)		(637,502	)
Issuance of hybrid securities		—		—			398,789			—			—			398,789
Dividends to hybrid securities		—		—			—			—			(75,672	)		(75,672	)
Redemption of hybrid securities		—		—			(698,277	)		(1,723	)		—			(700,000	)
Transfer of redemption loss of hybrid securities to retained earnings		—		—			—			2,456			(2,456	)		—
Acquisition of treasury stocks		—		—			—			(150,000	)		—			(150,000	)
Transfer to retained earnings		—		(3,000,000	)		—			—			3,000,000			—

June 30, 2025 (Unaudited)		3,802,676		8,120,236			3,510,737			(144,569	)		9,073,949			24,363,029

January 01, 2026		3,802,676		8,120,236			3,710,228			2,607			8,314,197			23,949,944
Total comprehensive income
Net income		—		—			—			—			1,157,393			1,157,393
Net loss on valuation of equity securities at FVTOCI		—		—			—			(6,002	)		—			(6,002	)
Remeasurement loss related to defined benefit plan		—		—			—			(208	)		—			(208	)
Transactions with owners
Dividends to common stocks		—		—			—			—			(717,958	)		(717,958	)
Dividends to hybrid securities		—		—			—			—			(78,067	)		(78,067	)
Redemption of hybrid securities		—		—			(199,423	)		(577	)		—			(200,000	)
Transfer of redemption loss of hybrid securities to retained earnings		—		—			—			2,222			(2,222	)		—
Acquisition of treasury stocks		—		—			—			(200,000	)		—			(200,000	)
Retirement of treasury stocks		—		—			—			200,000			(200,000	)		—

June 30, 2026 (Unaudited)		3,802,676		8,120,236			3,510,805			(1,958	)		8,473,343			23,905,102

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

- 6 -

WOORI FINANCIAL GROUP INC.

SEPARATE INTERIM STATEMENTS OF CASH FLOWS

FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2026 AND 2025 (UNAUDITED)


	For the six-month periods ended June 30
	2026			2025
	(Korean Won in millions)
Cash flows from operating activities:
Net income		1,157,393			1,368,796
Adjustments to net income:
Income tax expense		1,026			212
Interest income		(5,674	)		(21,628	)
Interest expense		42,341			35,022
Dividend income		(1,249,918	)		(1,435,418	)

		(1,212,225	)		(1,421,812	)

Adjustments for profit/loss items not involving cash flows:
Provision of impairment losses due to credit loss		—			115
Retirement benefit		2,569			2,770
Depreciation and amortization		2,158			2,860
Gain on disposal of premises and equipment, intangible assets and other assets		—			(4	)

		4,727			5,741

Changes in operating assets and liabilities:
Loans and other financial assets at amortized cost		(52,673	)		(14,905	)
Other assets		70			47
Net defined benefit liability		(1,015	)		(1,921	)
Other financial liabilities		47,867			12,689
Other liabilities		(5,562	)		(46	)

		(11,313	)		(4,136	)

Interest income received		6,036			21,660
Interest expense paid		(37,371	)		(32,792	)
Dividends received		1,249,947			1,435,668
Income tax paid		(2,008	)		(1,967	)

Net cash provided by operating activities		1,155,186			1,371,158

Cash flows from investing activities:
Net increase on other investment assets		—			(200,140	)
Acquisition of investments in subsidiaries		(1,001,629	)		—
Acquisition of financial assets at FVTOCI		—			(150,000	)
Disposal of financial assets at FVTOCI		—			150,000
Acquisition of premises and equipment		(448	)		(63	)
Acquisition of intangible assets		(1,763	)		(410	)

Net cash used in investing activities		(1,003,840	)		(200,613	)

Cash flows from financing activities:
Issuance of debentures		1,108,083			598,958
Redemption of debentures		(240,000	)		(100,000	)
Issuance of hybrid securities		—			398,789
Redemption of hybrid securities		(200,000	)		(700,000	)
Acquisition of treasury stocks		(200,000	)		(149,860	)
Redemption of lease liabilities		(1,642	)		(1,593	)
Dividends paid to hybrid securities		(78,067	)		(75,672	)
Dividends paid		(717,958	)		(637,502	)

Net cash used in financing activities		(329,584	)		(666,880	)

Net increase (decrease) in cash and cash equivalents		(178,238	)		503,665
Cash and cash equivalents, beginning of the period		489,321			1,185,912

Cash and cash equivalents, end of the period (Note 5)		311,083			1,689,577

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

- 7 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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 Service 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 issued shares		Exchange ratio per share		Number of Parent company’s stocks
Woori Bank		676,000,000		1		676,000,000
Woori FIS Co., Ltd.		4,900,000		0.2999708		1,469,857
Woori Finance Research Institute Co., Ltd.		600,000		0.1888165		113,289
Woori Credit Information Co., Ltd.		1,008,000		1.1037292		1,112,559
Woori Fund Service Co., Ltd.		2,000,000		0.4709031		941,806
Woori Private Equity Asset Management Co., Ltd.		6,000,000		0.0877992		526,795

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.

- 8 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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.

As of July 1, 2025, the Company acquired a 77.9% equity interest in Tongyang Life Insurance Co., Ltd. (75.3% including treasury shares) and a 100% equity interest in ABL Life Insurance Co., Ltd., and accordingly included them as subsidiaries.

As of July 31, 2025, the Company acquired the remaining equity interest (0.4%) in Woori Asset Trust Co., Ltd., thereby making Woori Asset Trust Co., Ltd. a wholly owned subsidiary.

As of November 28, 2025, the Company additionally acquired minority interests (0.2%) in Woori Investment Securities Co., Ltd. Thereafter, as of December 19, 2025, the Company additionally acquired treasury shares (0.1%) and minority interests (0.2%) held by Woori Investment Securities Co., Ltd.

As of January 5, 2026 and March 13, 2026, the Company acquired the remaining equity interest (0.1%) in Woori Investment Securities Co., Ltd., thereby making Woori Investment Securities Co., Ltd. a wholly owned subsidiary.

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, 2025 for understanding of the accompanying condensed interim financial statements.

Except for the impacts on the newly adopted standards and interpretations explained below, the accounting policies applied in preparing the accompanying separate interim financial statements have been applied consistently with the annual separate financial statements as of and for the year ended December 31, 2025. 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.

- 9 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(1)	From the accounting period beginning on January 1, 2026, the Company has newly applied the following standards and interpretations.

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 principal amendments are as follows, and the amendments do not have a significant impact on the financial statements.

•

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;

•

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

•

update the disclosures for equity instruments designated at fair value through other comprehensive income (FVOCI)

Annual Improvements to K-IFRS

Annual Improvements to K-IFRS should be applied for annual periods beginning on or after January 1, 2026. The amendments do not have a significant impact on the financial statements.

•

K-IFRS 1101 ‘First-time Adoption of International Financial Reporting Standards’: Hedge accounting by a first-time adopter

•

K-IFRS 1107 ‘Financial Instruments: Disclosures’: Gain or loss on derecognition, and implementation guidance

•

K-IFRS 1109 ‘Financial Instruments’: Derecognition of lease liabilities and definition of transaction price

•

K-IFRS 1110 ‘Consolidated Financial Statements’: Determination of a ‘de facto agent’

•

K-IFRS 1007 ‘Statement of Cash Flows’: Cost method

Amendments to K-IFRS 1109 ‘Financial Instruments’ and K-IFRS 1107 ‘Financial Instruments: Disclosures—Contracts Referencing Nature-dependent Electricity’

(2)	The details of K-IFRSs that have been issued and published since January 1, 2026 but have not yet reached the effective date are as follows:

Issuance of K-IFRS No. 1118, Presentation and Disclosure in Financial Statements

K-IFRS No. 1118, ‘Presentation and Disclosure in Financial Statements,’ replaces K-IFRS No. 1001, ‘Presentation of Financial Statements’. The new standard introduces revised presentation requirements that are expected to enhance the comparability of financial performance among similar entities, particularly with respect to the definition of operating profit or loss.

- 10 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

If the Company prepares its financial statements in accordance with K-IFRS No. 1118, certain significant differences from the current financial statements are expected to arise. The key accounting policies that are expected to result in such differences are described below. These matters do not represent all differences that may arise in the future and are subject to change based on further analysis.

•

Changes in the Presentation of Statement of Profit or Loss

To classify income and expenses into categories, the Company is required to assess its main business activities. If the Company’s main business activities include investing in certain types of assets or providing financing to customers, income and expenses that would otherwise have been classified as investing or financing activities are classified as operating activities when such activities constitute the Company’s main business activities.

In addition, K-IFRS No. 1118 requires the presentation in the statement of profit or loss of:

•

“Operating profit or loss,” comprising all income and expenses classified within the operating category;

•

“Profit or loss before financing and income tax,” comprising operating profit or loss and all income and expenses classified within the investing category; and

•

“Profit or loss for the period.”

However, when the Company’s main business activity is providing financing to customers, the presentation of “profit or loss before financing and income tax” may not be applicable, depending on the accounting policy elected.

•

Introduction of Disclosures of Management-Defined Performance Measures

When management-defined performance measures are presented, the entity is required to disclose the reasons for using such measures, the basis of their calculation, a reconciliation to the most directly comparable subtotal specified in K-IFRS No. 1118, and the income tax effects of each reconciling item.

•

Changes in the Classification of Cash Flows

As a result of the issuance of K-IFRS No. 1118, certain amendments have been made to K-IFRS No. 1007, Statement of Cash Flows. Under these amendments, the starting point for determining cash flows from operating activities using the indirect method has been changed from profit or loss for the period to operating profit or loss. In addition, the accounting policy option regarding the classification of interest and dividend-related cash flows has been eliminated.

- 11 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

K-IFRS No. 1118 is effective for annual reporting periods beginning on or after January 1, 2027, with early application permitted. In accordance with K-IFRS No. 1008, Accounting Policies, Changes in Accounting Estimates and Errors, the standard is required to be applied retrospectively. Accordingly, comparative information for the financial year ended December 31, 2026 will be restated in accordance with K-IFRS No. 1118. Amendments to K-IFRS No. 1007 and K-IFRS No. 1033 arising from the issuance of K-IFRS No. 1118, as well as the amended K-IFRSs No. 1008 and No. 1107, will be effective at the time K-IFRS No. 1118 is applied.

•

Assessment of Significant Impacts

K-IFRS No. 1118 has not been applied by the Company, as its mandatory effective date has not yet been reached. The Company will present its first interim financial statements in accordance with K-IFRS No. 1118 for the period ending March 31, 2027. Based on information available as of June 30, 2026, the Company is performing a preliminary assessment of the potential impact of the adoption of K-IFRS No. 1118.

(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, 2025, except for the one described below.

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.

Application of the revaluation model to land

The Company has changed its accounting policy for the subsequent measurement of land, which is classified as property, plant and equipment, from the historical cost model to the revaluation model, as management believes that the revaluation model provides more reliable and more relevant information regarding the fair value of land. Accordingly, the accounting policy has been changed effective from the current period.

In accordance with K-IFRS 1016 ‘Property, Plant and Equipment’, when an entity applies the revaluation model as an accounting policy for an asset for the first time, retrospective application is not required. Therefore, the Company has not restated the comparative financial statements for prior periods.

As the Company does not hold any land as of the end of the current period, there is no impact arising from this change in accounting policy.

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 and the application of revaluation model 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, 2025.

- 12 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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.

Credit risk management

The Company measures expected loss on assets subject to credit risk management and uses it as a management indicator.

Maximum exposure

The maximum exposure to credit risk is as follows (Unit: Korean Won in millions):


		June 30, 2026		December 31, 2025
Loans and other financial assets at amortized cost	Banks		214,917		649,783
	Corporates		70,442		57,359

	Total		285,359		707,142

- 13 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

Credit risk exposure by geographical areas

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


	June 30, 2026		December 31, 2025
	Korea		Korea
Loans and other financial assets at amortized cost		285,359		707,142

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, 2026 and December 31, 2025 (Unit: Korean Won in millions):

June 30, 2026

Finance and
insurance

Others

Total

Loans and other financial assets at amortized cost

284,499

860

285,359

December 31, 2025

Finance and
insurance

Others

Total

Loans and other financial assets at amortized cost

706,348

794

707,142

Credit risk exposure

The maximum exposure to credit risk by asset quality as of June 30, 2026 and December 31, 2025 is as follows (Unit: Korean Won in millions):


	June 30, 2026
	Stage 1				Stage 2				Stage 3		Total		Loss allowance		Total, net
Financial assets	Above appropriate credit rating (*1)		Less than a limited credit rating (*2)		Above appropriate credit rating (*1)		Less than a limited credit rating (*2)		Stage 3		Total		Loss allowance		Total, net
Loans and other financial assets at amortized cost		285,359		—		—		—		—		285,359		—		285,359
Banks		214,917		—		—		—		—		214,917		—		214,917
Corporates		70,442		—		—		—		—		70,442		—		70,442
General business		70,442		—		—		—		—		70,442		—		70,442

Total		285,359		—		—		—		—		285,359		—		285,359

(*1)	Credit grade of corporates are AAA ~ BBB.

(*2)	Credit grade of corporates are BBB- ~ C.


	December 31, 2025
	Stage 1				Stage 2				Stage 3		Total		Loss allowance		Total, net
Financial assets	Above appropriate credit rating (*1)		Less than a limited credit rating (*2)		Above appropriate credit rating (*1)		Less than a limited credit rating (*2)		Stage 3		Total		Loss allowance		Total, net
Loans and other financial assets at amortized cost		707,142		—		—		—		—		707,142		—		707,142
Banks		649,783		—		—		—		—		649,783		—		649,783
Corporates		57,359		—		—		—		—		57,359		—		57,359
General business		57,359		—		—		—		—		57,359		—		57,359

Total		707,142		—		—		—		—		707,142		—		707,142

(*1)	Credit grade of corporates are AAA ~ BBB.

(*2)	Credit grade of corporates are BBB- ~ C.

- 14 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(2)	Market 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.

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.).

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, 2026
	Within 3 months		4 to 6 months		7 to 9 months		10 to 12 months		1 to 5 years		Over 5 years		Total
Debentures		334,790		283,437		270,686		496,619		2,260,458		60,050		3,706,040
Lease liabilities		807		803		151		67		224		—		2,052
Other financial liabilities (*)		96,692		37,994		42,885		7,162		49,665		—		234,398

Total		432,289		322,234		313,722		503,848		2,310,347		60,050		3,942,490

(*)	It does not include lease liabilities.


	December 31, 2025
	Within 3 months		4 to 6 months		7 to 9 months		10 to 12 months		1 to 5 years		Over 5 years		Total
Debentures		98,273		177,479		324,852		273,257		1,883,466		60,703		2,818,030
Lease liabilities		810		793		786		788		338		—		3,515
Other financial liabilities (*)		21,255		52,318		1,760		268		16,722		—		92,323

Total		120,338		230,590		327,398		274,313		1,900,526		60,703		2,913,868

(*)	It does not include lease liabilities.

Maturity analysis of derivative financial liabilities

There are no derivative financial liabilities measured at fair value through profit or loss as of June 30, 2026 and December 31, 2025.

- 15 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

5.	CASH AND CASH EQUIVALENTS

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


	June 30, 2026		December 31, 2025
Demand deposits		81,083		24,321
Fixed deposits		230,000		465,000

Total		311,083		489,321

6.	FINANCIAL ASSETS AT FVTOCI

(1)	Details of financial assets at FVTOCI as of June 30, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):


	Issuer	June 30, 2026		December 31, 2025
Hybrid securities	Woori Card Co., Ltd.		351,645		359,023
	Woori Financial Capital Co., Ltd.		198,237		199,139

	Total		549,882		558,162

(2)	Details of equity securities designated as financial assets at FVTOCI as of June 30, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):


Purpose of acquisition	Issuer	June 30, 2026		December 31, 2025
Investment for political purpose	Woori Card Co., Ltd.		351,645		359,023
	Woori Financial Capital Co., Ltd.		198,237		199,139

	Total		549,882		558,162

7.	LOANS AND OTHER FINANCIAL ASSETS AT AMORTIZED COST

(1)	Details of loans and other financial assets at amortized cost as of June 30, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):


	June 30, 2026		December 31, 2025
Due from banks		—		—
Other financial assets		285,359		707,142

Total		285,359		707,142

(2)	There was no due from banks as of the periods ended June 30, 2026 and December 31, 2025.

- 16 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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):

Allowance for credit losses

For the six-month period ended June 30, 2026

Stage 1

Stage 2

Stage 3

Total

Beginning balance

—

Provision of allowance for credit loss

—

Ending balance

—


	For the six-month period ended June 30, 2025
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		(56	)		—		—		(56	)
Provision of allowance for credit loss		(112	)		—		—		(112	)

Ending balance		(168	)		—		—		(168	)

Gross carrying amount

For the six-month period ended June 30, 2026

Stage 1

Stage 2

Stage 3

Total

Beginning balance

—

Net increase

—

Ending balance

—


	For the six-month period ended June 30, 2025
	Stage 1		Stage 2		Stage 3		Total
Beginning balance		100,000		—		—		100,000
Net increase		200,140		—		—		200,140

Ending balance		300,140		—		—		300,140

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


	June 30, 2026		December 31, 2025
Receivables		281,137		701,643
Accrued income		2,079		3,387
Lease deposits		2,143		2,112
Loss allowance		—		—

Total		285,359		707,142

(5)	Changes in the allowances for credit losses and gross carrying amount of other financial assets are as follows (Unit: Korean Won in millions):

Allowance for credit losses

For the six-month period ended June 30, 2026

Stage 1

Stage 2

Stage 3

Total

Beginning balance

—

Provision of allowance for credit loss

—

Ending balance

—


	For the six-month period ended June 30, 2025
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		—			—		—		—
Provision of allowance for credit loss		(3	)		—		—		(3	)

Ending balance		(3	)		—		—		(3	)

- 17 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

Gross carrying amount


	For the six-month period ended June 30, 2026
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		707,142			—		—		707,142
Net increase		(421,783	)		—		—		(421,783	)

Ending balance		285,359			—		—		285,359


	For the six-month period ended June 30, 2025
	Stage 1		Stage 2		Stage 3		Total
Beginning balance		104,487		—		—		104,487
Net increase		498,761		—		—		498,761

Ending balance		603,248		—		—		603,248

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:

•

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.

•

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 requir ed significant judgment.

•

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.

- 18 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

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

June 30, 2026

Level 1

Level 2

Level 3

Total

Financial assets:

Financial assets at FVTOCI

Hybrid securities

—

549,882

December 31, 2025

Level 1

Level 2

Level 3

Total

Financial assets:

Financial assets at FVTOCI

Hybrid securities

—

558,162

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:


	Valuation methods	Input variables
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
measurement
technique

Type

Significant
unobservable
inputs

Range

Impact of changes in significant
unobservable inputs on fair value
measurement

Hybrid securities

Hull and White, Monte Carlo Simulation

Hybrid securities related

Estimated volatility of interest rate, Discount rate

Estimated volatility of interest rate 0.65%

Discount rate

3.61% ~ 7.48%

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, 2026
	Beginning balance		Net Income		Other comprehensive income (*)			Purchases/ Issuances		Disposals/ Settlements		Transfer to or out of Level 3		Ending balance
Financial assets:
Financial assets at FVTOCI
Hybrid securities		558,162		—		(8,280	)		—		—		—		549,882

(*)	Of the amounts recognized in other comprehensive income, the loss related to assets and liabilities held as of the end of the current six-month period amounted to 8,280 million Won.

- 19 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


	For the six-month period ended June 30, 2025
	Beginning balance		Net Income		Other comprehensive income (*)		Purchases/ Issuances		Disposals/ Settlements			Transfer to or out of Level 3		Ending balance
Financial assets:
Financial assets at FVTOCI
Hybrid securities		553,518		—		9,495		150,000		(150,000	)		—		563,013

(*)	Of the amounts recognized in other comprehensive income, the gain related to assets and liabilities held as of the end of the previous six-month period amounted to 4,905 million Won.

(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, 2026

Net income

Other comprehensive income (loss)

Favorable

Unfavorable

Favorable

Unfavorable

Financial assets:

Financial assets at FVTOCI

Hybrid securities (*)

—

10,747

(10,451

)

(*)	Fair value changes of hybrid securities are calculated by increasing or decreasing discount rate, which is the major unobservable variable, by 1%p, respectively.

December 31, 2025

Net income

Other comprehensive income (loss)

Favorable

Unfavorable

Favorable

Unfavorable

Financial assets:

Financial assets at FVTOCI

Hybrid securities (*)

—

13,482

(13,065

)

(*)	Fair value changes of hybrid securities are calculated by increasing or decreasing discount rate, which is the major unobservable variable, by 1%p, respectively.

(5)

Fair value and carrying amount of financial assets and liabilities that are recorded at amortized cost are as follows, and fair value information for cash and cash equivalents is not included, as their carrying amounts represent a reasonable approximation of fair value (Unit: Korean Won in millions):


	June 30, 2026
	Fair value								Carrying amount
	Level 1		Level 2		Level 3		Total		Carrying amount
Financial assets:
Loans and other financial assets at amortized cost (*1)		—		—		285,359		285,359		285,359
Financial liabilities:
Debentures		—		3,475,781		—		3,475,781		3,536,620
Other financial liabilities (1)(2)		—		—		234,399		234,399		234,399

(*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.

- 20 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


	December 31, 2025
	Fair value								Carrying amount
	Level 1		Level 2		Level 3		Total		Carrying amount
Financial assets:
Loans and other financial assets at amortized cost (*1)		—		—		707,142		707,142		707,142
Financial liabilities:
Debentures		—		2,636,297		—		2,636,297		2,667,525
Other financial liabilities (1)(2)		—		—		92,323		92,323		92,323

(*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:


	Valuation methods	Input variables
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):

Financial assets


	June 30, 2026
Financial assets	Financial assets at FVTPL		Financial assets at FVTOCI		Financial assets at amortized cost		Total
Hybrid securities		—		549,882		—		549,882
Other financial assets		—		—		285,359		285,359

Total		—		549,882		285,359		835,241


	December 31, 2025
Financial assets	Financial assets at FVTPL		Financial assets at FVTOCI		Financial assets at amortized cost		Total
Hybrid securities		—		558,162		—		558,162
Other financial assets		—		—		707,142		707,142

Total		—		558,162		707,142		1,265,304

Financial liabilities


	June 30, 2026				December 31, 2025
Financial liabilities	Financial liabilities at FVTPL		Financial liabilities at amortized cost		Financial liabilities at FVTPL		Financial liabilities at amortized cost
Debentures		—		3,536,620		—		2,667,525
Other financial liabilities (*)		—		234,399		—		92,323

Total		—		3,771,019		—		2,759,848

(*)	It does not include lease liabilities.

- 21 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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 stock		Main business
Woori Bank	Korea		3,581,400	Bank
Tongyang Life Insurance Co., Ltd.	Korea		806,800	Insurance business
Woori Card Co., Ltd.	Korea		896,300	Finance
Woori Financial Capital Co., Ltd.	Korea		373,800	Finance
Woori Investment Securities Co., Ltd.	Korea		457,400	Investment Brokerage
ABL Life Insurance Co., Ltd.	Korea		15,500	Insurance business
Woori Asset Trust Co., Ltd.	Korea		16,900	Real estate trust
Woori Savings Bank	Korea		187,400	Mutual saving bank
Woori Asset Management Corp	Korea		24,000	Finance
Woori Venture Partners Co., Ltd.	Korea		50,000	Other financial services
Woori Private Equity Asset Management Co., Ltd.	Korea		80,000	Finance
Woori F&I Co., Ltd.	Korea		31,500	Finance
Woori Credit Information Co., Ltd.	Korea		5,000	Credit information
Woori Fund Service Co., Ltd.	Korea		10,000	Financial support service business
Woori FIS Co., Ltd.	Korea		24,500	System software development & maintenance
Woori Finance Research Institute Co., Ltd.	Korea		3,000	Other service business


	June 30, 2026						December 31, 2025
Subsidiaries (*1)	Number of shares		Percentage of ownership (%) (*2)		Financial statements date of use		Number of shares		Percentage of ownership (%) (*2)		Financial statements date of use
Woori Bank		716,000,000		100.0		June 30, 2026		716,000,000		100.0		December 31, 2025
Tongyang Life Insurance Co., Ltd.		121,565,627		77.9		June 30, 2026		121,565,627		77.9		December 31, 2025
Woori Card Co., Ltd.		179,266,200		100.0		June 30, 2026		179,266,200		100.0		December 31, 2025
Woori Financial Capital Co., Ltd.		74,757,594		100.0		June 30, 2026		74,757,594		100.0		December 31, 2025
Woori Investment Securities Co., Ltd.		914,890,213		100.0		June 30, 2026		485,329,227		99.9		December 31, 2025
ABL Life Insurance Co., Ltd.		3,106,736		100.0		June 30, 2026		3,106,736		100.0		December 31, 2025
Woori Asset Trust Co., Ltd.		3,382,645		100.0		June 30, 2026		3,382,645		100.0		December 31, 2025
Woori Savings Bank		37,476,895		100.0		June 30, 2026		37,476,895		100.0		December 31, 2025
Woori Asset Management Corp		4,797,154		100.0		June 30, 2026		4,797,154		100.0		December 31, 2025
Woori Venture Partners Co., Ltd.		100,000,000		100.0		June 30, 2026		100,000,000		100.0		December 31, 2025
Woori Private Equity Asset Management Co., Ltd.		16,000,000		100.0		June 30, 2026		16,000,000		100.0		December 31, 2025
Woori F&I Co., Ltd.		6,298,895		100.0		June 30, 2026		6,298,895		100.0		December 31, 2025
Woori Credit Information Co., Ltd.		1,008,000		100.0		June 30, 2026		1,008,000		100.0		December 31, 2025
Woori Fund Service Co., Ltd.		2,000,000		100.0		June 30, 2026		2,000,000		100.0		December 31, 2025
Woori FIS Co., Ltd.		4,900,000		100.0		June 30, 2026		4,900,000		100.0		December 31, 2025
Woori Finance Research Institute Co., Ltd.		600,000		100.0		June 30, 2026		600,000		100.0		December 31, 2025

(*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.

- 22 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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, 2026
	Beginning balance		Acquisition		Disposal		Ending balance
Woori Bank		18,921,151		—		—		18,921,151
Tongyang Life Insurance Co., Ltd.		1,283,935		—		—		1,283,935
Woori Card Co., Ltd.		1,118,367		—		—		1,118,367
Woori Financial Capital Co., Ltd.		1,003,206		—		—		1,003,206
Woori Investment Securities Co., Ltd. (*)		1,269,797		1,001,629		—		2,271,426
ABL Life Insurance Co., Ltd.		269,002		—		—		269,002
Woori Asset Trust Co., Ltd.		453,902		—		—		453,902
Woori Savings Bank		313,238		—		—		313,238
Woori Asset Management Corp		196,825		—		—		196,825
Woori Venture Partners Co., Ltd.		336,439		—		—		336,439
Woori Private Equity Asset Management Co., Ltd.		57,797		—		—		57,797
Woori F&I Co., Ltd.		320,000		—		—		320,000
Woori Credit Information Co., Ltd.		16,466		—		—		16,466
Woori Fund Service Co., Ltd.		13,939		—		—		13,939
Woori FIS Co., Ltd.		21,754		—		—		21,754
Woori Finance Research Institute Co., Ltd.		1,677		—		—		1,677

Total		25,597,495		1,001,629		—		26,599,124

(*)	During the first quarter of 2026, the remaining 0.1% equity interest in Woori Investment Securities Co., Ltd. was acquired, resulting in the Company becoming a wholly owned subsidiary, and a paid-in capital increase of KRW 1,000,000 million was made in May.


	For the six-month period ended June 30, 2025
	Beginning balance		Acquisition		Disposal		Ending balance
Woori Bank		18,921,151		—		—		18,921,151
Woori Card Co., Ltd.		1,118,367		—		—		1,118,367
Woori Financial Capital Co., Ltd.		1,003,206		—		—		1,003,206
Woori Investment Securities Co., Ltd.		1,263,436		—		—		1,263,436
Woori Asset Trust Co., Ltd.		621,722		—		—		621,722
Woori Savings Bank		313,238		—		—		313,238
Woori F&I Co., Ltd.		320,000		—		—		320,000
Woori Asset Management Corp		196,825		—		—		196,825
Woori Venture Partners Co., Ltd.		336,439		—		—		336,439
Woori Private Equity Asset Management Co., Ltd.		57,797		—		—		57,797
Woori Credit Information Co., Ltd.		16,466		—		—		16,466
Woori Fund Service Co., Ltd.		13,939		—		—		13,939
Woori FIS Co., Ltd.		21,754		—		—		21,754
Woori Finance Research Institute Co., Ltd.		1,677		—		—		1,677

Total		24,206,017		—		—		24,206,017

10.

OTHER ASSETS

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


	June 30, 2026		December 31, 2025
Prepaid expenses		245		315

- 23 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

11.

DEBENTURES

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


	June 30, 2026					December 31, 2025
	Interest rate (%)		Amount			Interest rate (%)		Amount
Face value of bonds:
General bonds		2.19~4.25		2,590,000			2.19~4.25		1,720,000
Subordinated bonds		2.13~2.55		950,000			2.13~2.55		950,000

Sub-total				3,540,000					2,670,000
Deducted item:
Discounts on bonds				(3,380	)				(2,475	)

Total				3,536,620					2,667,525

12.

PROVISIONS

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


	June 30, 2026		December 31, 2025
Asset retirement obligation		1,571		1,897

(2)	Changes in asset retirement obligation are as follows (Unit: Korean Won in millions):


	For the six-month periods ended June 30
	2026			2025
Beginning balance		1,897			1,252
Amortization		23			27
Provision(Reversal) due to contract modification		(349	)		590

Ending balance		1,571			1,869

- 24 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

13.

NET DEFINED BENEFIT 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 assets are as follows (Unit: Korean Won in millions):


	June 30, 2026			December 31, 2025
Present value of defined benefit obligation		(17,584	)		(16,255	)
Fair value of plan assets		17,852			18,363

Net defined benefit asset		268			2,108

(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, 2026 and 2025 is as follows (Unit: Korean Won in millions):


	For the six-month periods ended June 30
	2026			2025
Current service cost		2,630			2,810
Net interest income		(61	)		(40	)

Cost recognized in net income		2,569			2,770

Remeasurements (*)		286			1,496
Cost recognized in total comprehensive income		2,855			4,266

(*)	The amount is before income tax effect.

- 25 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

14.

OTHER FINANCIAL LIABILITIES AND OTHER LIABILITIES

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


	June 30, 2026		December 31, 2025
Other financial liabilities:
Accounts payable		198,779		57,333
Accrued expenses		35,620		34,990
Lease liabilities		2,023		3,499

Sub-total		236,422		95,822

Other liabilities:
Other miscellaneous liabilities		405		5,967

Total		236,827		101,789

15.

EQUITY

(1)	Details of equity as of June 30, 2026 and December 31, 2025 are as follows (Unit: Korean Won in millions):


		June 30, 2026			December 31, 2025
Capital			3,802,676			3,802,676
Hybrid securities			3,510,805			3,710,228
Capital surplus			8,120,236			8,120,236
Other equity	Treasury stock		(628	)		(628	)
	Accumulated other comprehensive income		(753	)		5,457
	Other adjustments (*3)		(577	)		(2,222	)

	Sub-total		(1,958	)		2,607

Retained earnings (1) (2)			8,473,343			8,314,197

Total			23,905,102			23,949,944

(*1)	The regulatory reserve for credit loss in retained earnings amounted to 3,525 million Won and 1,289 million Won as of June 30, 2026 and December 31, 2025 in accordance with the relevant regulation.

(*2)	The earned surplus reserve in retained earnings amounted to 667,700 million Won and 554,990 million Won as of June 30, 2026 and December 31, 2025 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, 2026		December 31, 2025
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		728,089,682 Shares		734,076,320 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.

- 26 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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, 2026			December 31, 2025
Securities in local currency		2021-04-08		—		3.15		—			200,000
Securities in local currency		2021-10-14		—		3.60		200,000			200,000
Securities in local currency		2022-02-17		—		4.10		300,000			300,000
Securities in local currency		2022-07-28		—		4.99		300,000			300,000
Securities in local currency		2022-10-25		—		5.97		220,000			220,000
Securities in local currency		2023-02-10		—		4.65		300,000			300,000
Securities in local currency		2023-09-07		—		5.04		200,000			200,000
Securities in local currency		2024-02-07		—		4.49		400,000			400,000
Securities in local currency		2024-06-19		—		4.27		400,000			400,000
Securities in local currency		2024-10-10		—		4.00		400,000			400,000
Securities in local currency		2025-05-13		—		3.45		400,000			400,000
Securities in local currency		2025-10-22		—		3.34		400,000			400,000
Issuance cost								(9,195	)		(9,772	)

Total								3,510,805			3,710,228

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

- 27 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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, 2026
	Beginning balance			Increase (decrease)			Income tax effect		Ending balance
Net gain (loss) on valuation of financial assets at FVTOCI		5,918			(8,280	)		2,278		(84	)
Remeasurements of defined benefit plan		(461	)		(286	)		78		(669	)

Total		5,457			(8,566	)		2,356		(753	)


	For the six-month period ended June 30, 2025
	Beginning balance			Increase (decrease)			Income tax effect			Ending balance
Net gain (loss) on valuation of financial assets at FVTOCI		2,590			9,495			(2,507	)		9,578
Remeasurements of defined benefit plan		(695	)		(1,496	)		395			(1,796	)

Total		1,895			7,999			(2,112	)		7,782

- 28 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(5)	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.

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, 2026			December 31, 2025
Beginning balance		3,525			1,289
Planned provision for (reversal of) regulatory reserve for credit loss		(2,109	)		2,236

Ending balance		1,416			3,525

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


	Periods ended June 30, 2026						Periods ended June 30, 2025
	Three-month			Six-month			Three-month			Six-month
Net income (loss) before regulatory reserve		(37,550	)		1,157,393			(27,269	)		1,368,796
Provision for regulatory reserve for credit loss		(2,429	)		(2,109	)		1,800			2,490
Adjusted net income (loss) after the provision of regulatory reserve		(35,121	)		1,159,502			(29,069	)		1,366,306
Dividends to hybrid securities		(39,033	)		(78,067	)		(36,166	)		(75,672	)
Adjusted net income (loss) after regulatory reserve and dividends to hybrid securities		(74,154	)		1,081,435			(65,235	)		1,290,634
Adjusted EPS (Loss Per Share) after regulatory reserve and dividends to hybrid securities (Unit: Korean Won)		(102	)		1,479			(89	)		1,745

(6)	Changes in treasury stocks are as follows (Unit: Korean Won in millions, Number of Shares):


	For the six-month period ended June 30, 2026
	Beginning		Acquisition		Retirement			Ending
Number of shares		53,945		5,986,638		(5,986,638	)		53,945
Carrying amount		628		200,000		(200,000	)		628


	For the six-month period ended June 30, 2025
	Beginning		Acquisition		Retirement		Ending
Number of shares		53,945		8,515,181		—		8,569,126
Carrying amount		628		150,000		—		150,628

- 29 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

16.

DIVIDENDS

(1)	Dividends per share and the total dividends for the fiscal year ended December 31, 2025 were 760 Won and 557,431 million Won, respectively, approved at the regular general shareholders’ meeting held on March 23, 2026, and were paid in April 2026.

(2)	On April 24, 2026, the Board of Directors declared a quarterly dividend of 220 Won per share (160,527 million Won in total) and fixed record date as May 11, 2026. Dividends were paid in May 2026.

17.

NET INTEREST INCOME (EXPENSE)

(1)	Details of interest income recognized are as follows (Unit: Korean Won in millions):


	Periods ended June 30, 2026				Periods ended June 30, 2025
	Three-month		Six-month		Three-month		Six-month
Interest on due from banks		2,668		5,643		13,002		21,595
Other interest income		16		31		16		33

Total		2,684		5,674		13,018		21,628

(2)	Details of interest expense recognized are as follows (Unit: Korean Won in millions):


	Periods ended June 30, 2026				Periods ended June 30, 2025
	Three-month		Six-month		Three-month		Six-month
Interest on debentures		23,430		42,279		18,174		34,951
Other interest expense		11		22		14		27
Interest on lease liabilities		19		40		21		44

Total		23,460		42,341		18,209		35,022

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, 2026

Periods ended June 30, 2025

Three-month

Six-month

Three-month

Six-month

Fees and commissions income

444

887

417

876

(2)	Details of fees and commissions expense incurred are as follows (Unit: Korean Won in millions):


	Periods ended June 30, 2026				Periods ended June 30, 2025
	Three-month		Six-month		Three-month		Six-month
Fees and commissions paid		4,140		8,084		5,403		7,665
Others		2,983		6,499		2,999		5,977

Total		7,123		14,583		8,402		13,642

- 30 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

19.

DIVIDEND INCOME

(1)	Details of dividend income recognized are as follows (Unit: Korean Won in millions):


	Periods ended June 30, 2026				Periods ended June 30, 2025
	Three-month		Six-month		Three-month		Six-month
Dividend income recognized from investments in subsidiaries		—		1,236,907		—		1,422,898
Dividend income recognized from FVTOCI		6,545		13,011		6,193		12,520

Total		6,545		1,249,918		6,193		1,435,418

(2)	Details of dividend income recognized from financial assets at FVTOCI are as follows (Unit: Korean Won in millions):

Periods ended June 30, 2026

Derecognized equity
instruments

Held equity instruments

Three-month

Six-month

Three-month

Six-month

Dividend income recognized from assets held:

Hybrid securities

—

6,545

13,011

Periods ended June 30, 2025

Derecognized equity
instruments

Held equity instruments

Three-month

Six-month

Three-month

Six-month

Dividend income recognized from assets held:

Hybrid securities

2,279

3,914

10,241

20.

REVERSAL OF (PROVISION FOR) 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, 2026				Periods ended June 30, 2025
	Three-month		Six-month		Three-month		Six-month
Reversal of (provision for) impairment losses due to credit loss on loans and other financial assets at amortized cost		655		—		289		(115	)

- 31 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

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, 2026					Periods ended June 30, 2025
			Three-month			Six-month		Three-month		Six-month
Employee benefits	Short-term Employee benefits	Salaries		9,868			19,975		9,461		17,709
		Employee fringe benefits		3,471			7,301		3,211		5,353
	Retirement benefit service costs			606			2,569		748		2,770
	Share based payments			(1,251	)		2,017		3,403		4,206

	Sub-total			12,694			31,862		16,823		30,038

Depreciation and amortization				1,071			2,158		1,395		2,860
Other general and administrative expenses	Rent			430			844		404		815
	Taxes and public dues			114			337		144		292
	Service charges			377			849		380		805
	Computer and IT related			1,484			2,973		1,757		3,558
	Telephone and communication			99			219		65		240
	Advertising			10			27		21		38
	Printing			12			23		9		27
	Traveling			90			355		73		151
	Supplies			24			53		22		50
	Insurance premium			63			127		53		104
	Reimbursement			240			424		161		397
	Vehicle maintenance			65			101		58		109
	Others			461			741		362		664

	Sub-total			3,469			7,073		3,509		7,250

Total				17,234			41,093		21,727		40,148

- 32 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(2)	Share-based payment

Details of performance condition share-based payment granted to executives as of June 30, 2026 and December 31, 2025 are as follows:

Performance condition share-based payment


Subject to		Shares granted for the year 2021
Type of payment		Cash-settled
Vesting period		January 1, 2021 ~ December 31, 2024
Date of payment		2025-01-01
Fair value (*1)		15,831 Won
Valuation method		Black-Scholes Model
Expected dividend rate		6.48%
Expected maturity date		0.00 years
Number of shares remaining	As of June 30, 2026	56,029 shares
Number of shares remaining	As of December 31, 2025	56,029 shares
Number of shares granted (*2)	As of June 30, 2026	56,029 shares
Number of shares granted (*2)	As of December 31, 2025	56,029 shares


Subject to		Shares granted for the year 2022
Type of payment		Cash-settled
Vesting period		January 1, 2022 ~ December 31, 2025
Date of payment		2026-01-01
Fair value (*1)		27,713 Won
Valuation method		Black-Scholes Model
Expected dividend rate		7.30%
Expected maturity date		0.00 years
Number of shares remaining	As of June 30, 2026	55,560 shares
Number of shares remaining	As of December 31, 2025	223,176 shares
Number of shares granted (*2)	As of June 30, 2026	55,560 shares
Number of shares granted (*2)	As of December 31, 2025	223,176 shares


Subject to		Shares granted for the year 2023
Type of payment		Cash-settled
Vesting period		January 1, 2023 ~ December 31, 2026
Date of payment		2027-01-01
Fair value (*1)		28,979 Won
Valuation method		Black-Scholes Model
Expected dividend rate		6.70%
Expected maturity date		0.50 years
Number of shares remaining	As of June 30, 2026	160,929 shares
Number of shares remaining	As of December 31, 2025	160,929 shares
Number of shares granted (*2)	As of June 30, 2026	160,929 shares
Number of shares granted (*2)	As of December 31, 2025	160,929 shares


Subject to		Shares granted for the year 2024
Type of payment		Cash-settled
Vesting period		January 1, 2024 ~ December 31, 2027
Date of payment		2028-01-01
Fair value (*1)		27,101 Won
Valuation method		Black-Scholes Model
Expected dividend rate		6.70%
Expected maturity date		1.50 years
Number of shares remaining	As of June 30, 2026	194,569 shares
Number of shares remaining	As of December 31, 2025	194,569 shares
Number of shares granted (*2)	As of June 30, 2026	194,569 shares
Number of shares granted (*2)	As of December 31, 2025	194,569 shares

- 33 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


Subject to		Shares granted for the year 2025
Type of payment		Cash-settled
Vesting period		January 1, 2025 ~ December 31, 2028
Date of payment		2029-01-01
Fair value (*1)		25,345 Won
Valuation method		Black-Scholes Model
Expected dividend rate		6.70%
Expected maturity date		2.50 years
Number of shares remaining	As of June 30, 2026	173,273 shares
Number of shares remaining	As of December 31, 2025	173,273 shares
Number of shares granted (*2)	As of June 30, 2026	173,273 shares
Number of shares granted (*2)	As of December 31, 2025	173,273 shares


Subject to		Shares granted for the year 2026
Type of payment		Cash-settled
Vesting period		January 1, 2026 ~ December 31, 2029
Date of payment		2030-01-01
Fair value (*1)		23,703 Won
Valuation method		Black-Scholes Model
Expected dividend rate		6.70%
Expected maturity date		3.50 years
Number of shares remaining	As of June 30, 2026	48,137 shares
Number of shares remaining	As of December 31, 2025	—
Number of shares granted (*2)	As of June 30, 2026	48,137 shares
Number of shares granted (*2)	As of December 31, 2025	—

(*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.

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, 2026 and December 31, 2025 the book value of the liabilities related to the performance condition share-based payments recognized by the Company is 17,967 million Won and 19,807 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, 2026						Periods ended June 30, 2025
	Three-month			Six-month			Three-month			Six-month
Other non-operating income		32			32			69			73
Other non-operating expense		(75	)		(75	)		(50	)		(60	)

Total		(43	)		(43	)		19			13

- 34 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(2)	Details of other non-operating income recognized are as follows (Unit: Korean Won in millions):


	Periods ended June 30, 2026				Periods ended June 30, 2025
	Three-month		Six-month		Three-month		Six-month
Lease change cancellation gain		—		—		—		3
Others		32		32		69		70

Total		32		32		69		73

(3)	Details of other non-operating expenses recognized are as follows (Unit: Korean Won in millions):

Periods ended June 30, 2026

Periods ended June 30, 2025

Three-month

Six-month

Three-month

Six-month

Donations

- 35 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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
	2026			2025
Current tax expense
Current tax expense with respect to the current period		—			—

Deferred tax expense
Change in deferred tax assets (liabilities) due to temporary differences		(1,330	)		2,324
Tax expense (income) directly attributable to equity		2,356			(2,112	)

Sub-total		1,026			212

Income tax expense		1,026			212

24.

EARNINGS PER SHARE (“EPS”)

(1)	Basic profit and loss per share

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, 2026						Periods ended June 30, 2025
	Three-month			Six-month			Three-month			Six-month
Net income (loss)		(37,550	)		1,157,393			(27,269	)		1,368,796
Dividends to hybrid securities		(39,033	)		(78,067	)		(36,166	)		(75,672	)
Net income (loss) attributable to common shareholders		(76,583	)		1,079,326			(63,435	)		1,293,124
Weighted average number of common shares outstanding (Unit: million shares)		729			731			737			740
Basic EPS (Loss Per Share) (Unit: Korean Won)		(105	)		1,476			(86	)		1,749

(2)	Weighted average number of outstanding common shares

The weighted average number of common shares outstanding is as follows (Unit: number of shares) :


	For the six-month period ended June 30, 2026
	Period	Number of shares			Dates		Accumulated number of shares outstanding during period
Common shares issued at the beginning of the period	2026-01-01~2026-06-30		734,076,320			181		132,867,813,920
Treasury stock	2026-01-01~2026-06-30		(53,945	)		181		(9,764,045	)
Acquisition and retirement of treasury stock	2026-01-01~2026-06-30		(5,986,638	)				(501,670,272	)

Sub-total (①)								132,356,379,603

Weighted average number of common shares outstanding (②=①/181)								731,250,716

- 36 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)


	For the six-month period ended June 30, 2025
	Period	Number of shares			Dates		Accumulated number of shares outstanding during period
Common shares issued at the beginning of the period	2025-01-01~2025-06-30		742,591,501			181		134,409,061,681
Treasury stock	2025-01-01~2025-06-30		(53,945	)		181		(9,764,045	)
Acquisition of treasury stock	2025-01-01~2025-06-30		(8,515,181	)				(548,504,147	)

Sub-total (①)								133,850,793,489

Weighted average number of common shares outstanding (②=①/181)								739,507,146

Diluted EPS is equal to basic EPS because there is no dilution effect for the six-month periods ended June 30, 2026 and 2025.

25.

CONTINGENT LIABILITIES AND COMMITMENTS

(1)	Litigation case

As of June 30, 2026, the Company is involved as a defendant in one pending lawsuit related to the purchase price of shares of Woori Asset Trust Co., Ltd. After receiving a favorable judgment in the first instance, the case is currently under appeal in the second instance. The amount claimed in the lawsuit is KRW 13,305 million, and as of June 30, 2026, the Company cannot reasonably estimate the potential impact of this matter on its financial statements.

(2)	Details of loan commitments with financial institutions are as follows (Unit: Korean Won in millions):

June 30, 2026

December 31, 2025

Financial institutions

Line of credit

Loan balance

Line of credit

Loan balance

Loans

Standard Chartered Bank Korea Ltd.

100,000

—

100,000

—

- 37 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

26.

RELATED PARTY TRANSACTIONS

Related parties of the Company as of June 30, 2026 and December 31, 2025, 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, 2026 and 2025 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, 2026		December 31, 2025
Subsidiaries
Woori Bank	Cash and cash equivalents		311,083		489,321
	Other financial assets		214,917		649,783
	Other financial liabilities		119,094		30,271
Woori Card Co., Ltd.	Other financial assets		24,411		17,367
	Other financial liabilities		36,474		292
Woori Financial Capital Co., Ltd.	Other financial assets		25,316		31,633
	Other financial liabilities		572		435
Woori Investment Securities Co., Ltd.	Other financial liabilities		14,997		23,285
Woori Asset Trust Co., Ltd.	Other financial assets		4,234		—
Woori Savings Bank	Other financial assets		1,399		2,702
	Other financial liabilities		12		—
Woori Asset Management Corp	Other financial assets		4,714		4,156
	Other financial liabilities		23		—
Woori Venture Partners Co., Ltd.	Other financial assets		5,973		707
	Other financial liabilities		7		—
Woori Private Equity Asset Management Co. Ltd.	Other financial assets		3,535		1
	Other financial liabilities		1		59
Woori F&I Co., Ltd.	Other financial liabilities		1,800		2,410
Woori Credit Information Co., Ltd.	Other financial assets		15		5
	Other financial liabilities		46		—
Woori Fund Service Co., Ltd.	Other financial assets		834		638
	Other financial liabilities		2		—
Woori FIS Co., Ltd.	Other financial assets		2		50
	Other financial liabilities		665		448
Woori Finance Research Institute Co., Ltd.	Other financial assets		9		100
	Other financial liabilities		2		3,395
ABL Life Insurance Co., Ltd. and its subsidiaries	Other financial liabilities		26,963		—
Associates of subsidiaries
W Service Networks Co., Ltd.	Other financial liabilities		21		—

- 38 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (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
Related party	Title of account	2026		2025
Subsidiaries
Woori Bank	Interest income		4,879		20,693
	Fees and commissions income		886		876
	Dividend income		1,164,932		1,352,524
	Interest expenses (*2)		31		31
	Fees and commissions expense		10		9
	Provision of impairment loss due to credit loss		—		113
	General and administrative expenses (*2)		2,080		2,485
Woori Card Co., Ltd.	Dividend income		38,465		37,435
Woori Financial Capital Co., Ltd.	Dividend income		34,163		32,743
	Interest expenses (*2)		6		9
	General and administrative expenses (*2)		119		122
Woori Investment Securities Co., Ltd.(*1)	Fees and commissions expenses		—		—
Woori Asset Management Corp	Dividend income		5,622		3,540
Woori Venture Partners Co., Ltd.	Dividend income		5,200		7,300
Woori Credit Information Co., Ltd.	Dividend income		260		484
Woori Fund Service Co., Ltd.	Dividend income		1,276		1,392
Woori FIS Co., Ltd.	General and administrative expenses		2,625		3,166
Woori Finance Research Institute Co., Ltd.	Fees and commissions expenses		4,540		4,330
Associates of subsidiaries
W Service Networks Co., Ltd.	General and administrative expenses		72		95

(*1)

The Company has issued non-guarantee debenture amount of 1,110,000 million Won during the six-month period ended June 30, 2026 and Woori Investment Securities Co., Ltd purchased 40,000 million Won out of 1,110,000 million Won issued. The underwriting fee amount of 40 million Won is included in the issuance cost. The Company has issued Unsecured bonds 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.

(*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.

- 39 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(3)	The details of the right-of-use assets and lease liabilities due to lease transactions with related parties as of June 30, 2026 and December 31, 2025 are as follows (Unit: Korea Won in millions):


Related parties		Title of account	June 30, 2026		December 31, 2025
Subsidiaries	Woori Bank	Right-of-use assets		1,273		2,895
		Lease liabilities (*)		1,502		2,906
	Woori Financial Capital Co., Ltd.	Right-of-use assets		332		405
		Lease liabilities (*)		356		435

(*)	Cash outflows of lease liabilities redemption for the six-month periods ended June 30, 2026 and 2025 are 1,565 million Won and 1,491 million Won, respectively.

(4)	The details of loan and borrowing transactions with related parties for the six-month periods ended June 30, 2026 and 2025 are as follows (Unit: Korea Won in millions):

Title of account

For the six-month period ended June 30, 2026

Related parties (*1)

Beginning
balance

Increase

Decrease

Ending
balance

Subsidiary

Woori Bank

Due from banks (*2)

465,000

1,274,000

1,509,000

230,000

(*1)	For the 1,110,000 million Won of unsecured bonds issued during the six-month period ended June 30, 2026, 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, 2025

Related parties (*1)

Beginning
balance

Increase

Decrease

Ending
balance

Subsidiary

Woori Bank

Due from banks (*2)

1,274,000

4,587,000

5,304,000

557,000

(*1)	For the 600,000 million Won of unsecured bonds 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.

(*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) :

(*1)	During the six-month period ended June 30, 2026, the Company acquired an additional 0.1% equity interest in Woori Investment Securities Co., Ltd., thereby making it a wholly owned subsidiary, and subsequently made a capital contribution of 1,000,000 million Won through a paid-in capital increase.

(*2)	The book value related to equity can be referred to in Note 6 and Note 9.


		For the six-month period ended June 30, 2025
Related parties		Acquisition of Hybrid securities (*2)		Disposal of Hybrid securities (*2)
Subsidiary	Woori Card Co., Ltd.(*1)		150,000		150,000

(*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.

- 40 -

WOORI FINANCIAL GROUP INC.

NOTES TO THE SEPARATE INTERIM FINANCIAL STATEMENTS

AS OF JUNE 30, 2026 AND 2025 (UNAUDITED)

(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):

Related parties

June 30, 2026

December 31, 2025

Warranty

Subsidiary

Woori Card Co., Ltd.

36,957

647

Unused loan commitment

(7)	Compensation for key management is as follows (Unit: Korean Won in millions):


	For the six-month periods ended June 30
	2026		2025
Short-term employee salaries		3,286		2,735
Retirement benefit service costs		86		62
Share-based compensation		1,682		3,423

Total		5,054		6,220

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, 2026 and December 31, 2025. Liabilities related to key management compensation are 17,994 million Won and 20,063 million Won as of June 30, 2026 and December 31, 2025, respectively.

27.

EVENTS AFTER THE REPORTING PERIOD

(1)	On July 24, 2026, the Board of Directors has declared to pay a quarterly dividend of 220 Won per share (total dividend of 159,937 million Won), with the record date set as of August 10, 2026, and the dividends will be paid on August 31, 2026.

(2)

On April 29, 2026, the Company entered into a share exchange agreement with its subsidiary, Tongyang Life Insurance Co., Ltd., pursuant to which 0.2521056 shares of the Company’s common stock will be delivered on August 11, 2026 to the shareholders of Tongyang Life Insurance Co., Ltd., other than the Company, for each one share of common stock of Tongyang Life Insurance Co., Ltd.

On July 24, 2026, the comprehensive share exchange was approved by the Company’s Board of Directors in lieu of a shareholders’ meeting and by the shareholders’ meeting of Tongyang Life Insurance Co., Ltd.

The new shares of the Company to be issued in connection with this transaction are scheduled to be listed on August 31, 2026.

(3)

On July 24, 2026, the Company’s Board of Directors resolved to acquire and retire treasury shares. Accordingly, the Company plans to acquire treasury shares in the amount of 150 billion Won through a trust agreement during the period from July 24, 2026 to January 22, 2027, and subsequently retire all shares acquired pursuant to this transaction.

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