Form 6-K

 

 

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 November 2008

 

 

Woori Finance Holdings Co., Ltd.

(Translation of registrant’s name into English)

 

 

203, Hoehyon-dong, 1-ga, Chung-gu, Seoul, 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      X            Form 40-F              

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):              

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):              

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submission to furnish a report or other document that the registration foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes                      No      X    

 

 

 


Woori Finance Holdings’ Preliminary Financial Performance Figures

for the Third Quarter of 2008

The preliminary financial performance figures for Woori Finance Holdings for the nine-month period ended on September 30, 2008, on a consolidated basis, are as follows.

(Units: millions of KRW, %)

 

Item

   3Q 2008    2Q 2008    Change
(%)
   3Q 2007    Change
(%)
Revenue    3Q    23,030,148    11,364,464    102.65    6,813,226    238.02
   Cumulative Basis    47,929,332    24,994,366    —      18,458,249    159.66

Operating

Income

   3Q    254,925    661,714    -61.48    557,951    -54.31
   Cumulative Basis    1,703,512    1,448,587    —      2,730,128    -37.60

Income before

Income Tax

Expense

   3Q    272,522    683,094    -60.10    560,466    -51.38
   Cumulative Basis    1,796,727    1,524,205    —      2,740,900    -34.45
Net Income    3Q    157,497    415,497    -62.09    323,266    -51.28
   Cumulative Basis    1,119,269    961,772    —      1,827,612    -38.76

The figures above are subject to adjustment as they are preliminary and have not been reviewed by our independent auditors.

We have reflected the results of operations of Woori Aviva Life Insurance (“Woori Aviva”) in each line item of our consolidated income statement, but have not reflected in our net income the net income of Woori Aviva prior to the date of its acquisition. (Date of acquisition: April 1, 2008)

 

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Woori Bank’s Preliminary Financial Performance Figures

for the Third Quarter of 2008

The preliminary financial performance figures for Woori Bank, a wholly owned subsidiary of Woori Finance Holdings, for the nine-month period ended on September 30, 2008, on a non-consolidated basis, are as follows.

(Units: millions of KRW, %)

 

Item

   3Q 2008    2Q 2008    Change
(%)
   3Q 2007    Change
(%)
Revenue                3Q    20,037,413    8,888,954    125    5,295,846    278
   Cumulative Basis    40,121,329    20,119,973    —      14,127,380    184

Operating

Income

               3Q    153,537    432,261    -64    338,443    -55
   Cumulative Basis    1,134,046    980,509    —      2,093,804    -46

Income before

Income Tax

Expense

               3Q    183,278    472,284    -61    347,173    -47
   Cumulative Basis    1,247,788    1,064,510    —      2,146,559    -42
Net Income                3Q    133,106    347,369    -62    244,300    -46
   Cumulative Basis    925,113    792,007    —      1,580,626    -41

The figures above are subject to adjustment as they are preliminary and have not been reviewed by our independent auditors.

 

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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 Finance Holdings Co., Ltd.
  (Registrant)
Date: November 7, 2008   By:  

/s/ Byung-Ho Park

    (Signature)
  Name:   Byung-Ho Park
  Title:   Managing Director

 

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