Woori Financial Group Declares KRW 220 Quarterly Cash Dividend, Non-Taxable for Most Shareholders

summarizeSummary

Woori Financial Group's board declared a KRW 220 per share quarterly cash dividend, payable on May 29, 2026, which is non-taxable for most Korean shareholders.

check_boxKey Events

• Quarterly Cash Dividend Declared

  The board approved a cash dividend of KRW 220 per common share, totaling approximately KRW 160.8 billion.

• Non-Taxable for Most Shareholders

  The dividend is paid from capital reserve reduction, making it non-taxable as dividend income under Korean tax law for most resident shareholders.

• Record and Payout Dates Set

  The record date for the dividend is May 11, 2026, with a scheduled payout date of May 29, 2026.

auto_awesomeAnalysis

This filing announces the specific cash dividend amount for the current quarter, following previous disclosures about the company's intent to pay quarterly dividends and pre-setting record dates. The KRW 220 per share dividend, totaling approximately $119 million (based on current exchange rates), represents a notable return to shareholders. A key detail is that this dividend is sourced from a reduction of capital reserve, making it non-taxable as dividend income under Korean tax law for most shareholders, which enhances its value. This announcement is part of a series of significant corporate actions by Woori Financial Group today, including major acquisitions and asset revaluations.