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 December 2006

 

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    

 

Disposition of LG Card Shares

On December 18, 2006, Woori Bank, a wholly-owned subsidiary of Woori Finance Holdings, agreed, as a member of the creditors’ steering committee of LG Card, to sell a majority of LG Card shares that it owns pursuant to a tender offer to be conducted by Shinhan Financial Group.

Transaction Details

 

Item

  

Details

Sale amount   585,232,104,510 Won
Number of shares sold   8,635,563 shares
Outstanding shares before sale   10,203,899 shares
Outstanding shares after sale   1,568,336 shares
Expected closing date   March 23, 2007
Reason for disposition   Recovery of Woori Bank’s capital contribution with respect to LG Card

The structure and/or schedule of the disposition may be subject to change.

 

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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: December 18, 2006   By:  

/s/ Young Sun Kim

  (Signature)
  Name:   Young Sun Kim
  Title:   Director

 

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