Woori Financial Submits Securities Filing to U.S. SEC for Dongyang Life Share Exchange on July 22

According to South Korea's financial authorities, Woori Financial submitted a 665-page securities filing to the U.S. Securities and Exchange Commission on July 22 regarding its comprehensive share exchange with Dongyang Life. The filing details the transaction structure, investor disclosures, and financial information, including the impact of share dilution on existing shareholders and ADR investors.

Woori Financial holds a 75.34% stake in Dongyang Life and plans to complete the exchange by August. The transaction requires approval from shareholders at meetings scheduled for July 24, where Woori's stake is sufficient to secure the necessary two-thirds majority.