51, Sogong-ro, Jung-gu
Seoul 04632, Korea
Tel: 82.2.2125.2050
Fax: 82.0505001.0451
http://www.woorifg.com
April 30, 2019
VIA EDGAR
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
| Re: | Notice of disclosure filed in Exchange Act Annual Report under Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 and Section 13(r) of the Exchange Act |
Ladies and Gentlemen:
Pursuant to Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 and Section 13(r) of the Securities Exchange Act of 1934, as amended, notice is hereby provided that Woori Financial Group has made disclosure pursuant to those provisions in its Annual Report on Form 20-F for the year ended December 31, 2018, which was filed with the Securities and Exchange Commission on April 30, 2019. The disclosure can be found under the heading “Item 3D. Risk Factors—Other risks relating to our business—We engage in limited activities relating to Iran and may become subject to sanctions under relevant laws and regulations of the United States and other jurisdictions as a result of such activities, which may adversely affect our business and reputation” in the Annual Report on Form 20-F and is incorporated by reference herein.
| Sincerely, |
| /s/ Jeong Soo Lee |
| Jeong Soo Lee |
| General Manager, Investor Relations Department |