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 February 2009

 

 

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    

 

 

 

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Woori Finance Holdings’ Preliminary Financial Performance Figures

for the Year Ended December 31, 2008

The preliminary financial performance figures for Woori Finance Holdings Co., Ltd. for the year ended on December 31, 2008, on a consolidated basis, are as follows:

(Units: millions of KRW, %)

 

Item				4Q 2008			3Q 2008		Change(%)		4Q 2007		Change(%)
Revenue		4Q		39,081,393			22,920,685		70.51		8,191,876		377.08
		Cumulative Basis		86,901,262			47,819,869				26,650,125		226.08
Operating Income		4Q		(588,006	)		254,925		*		185,534		*
		Cumulative Basis		1,115,506			1,703,512		—		2,915,662		(61.74	)
Income before Income Tax Expense		4Q		(606,480	)		272,522		*		182,317		*
		Cumulative Basis		1,190,247			1,796,727		—		2,923,217		(59.28	)
Net Income		4Q		(664,791	)		157,497		*		111,626		*
		Cumulative Basis		454,478			1,119,269		—		1,939,238		(76.56	)

 

*	Changed to a loss.

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 Year Ended December 31, 2008

The preliminary financial performance figures for Woori Bank, a wholly owned subsidiary of Woori Finance Holdings Co., Ltd., for the year ended on December 31, 2008, on a non-consolidated basis, are as follows:

(Units: millions of KRW, %)

 

Item				4Q 2008			3Q 2008		Change(%)		4Q 2007		Change(%)
Revenue		4Q		34,779,989			20,037,413		74		6,661,223		422
		Cumulative Basis		74,901,318			40,121,329		—		20,788,603		260
Operating Income		4Q		(658,760	)		153,537		*		122,184		*
		Cumulative Basis		475,286			1,134,046		—		2,215,988		(79	)
Income before Income Tax Expense		4Q		(665,625	)		183,278		*		107,370		*
		Cumulative Basis		582,163			1,247,788		—		2,253,929		(74	)
Net Income		4Q		(691,137	)		133,106		*		108,822		*
		Cumulative Basis		233,976			925,113		—		1,689,448		(86	)

 

*	Changed to a loss.

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: February 12, 2009				By:		/s/ Byung-Ho Park
				(Signature)
				Name:		Byung-Ho Park
				Title:		Managing Director

 

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