Edgar Filing: WOORI BANK

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 November 2018

Woori Bank

(Translation of Registrant’s name into English)

51, Sogong-ro, Jung-gu, Seoul, 04632, Korea

(Address of principal executive offices)

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 ☒ 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.


		Index

1.		Summary of 2018 3Q Business Report

2.		Exhibit 99.1 Woori Bank Review Report for 2018 3Q (Consolidated)

3.		Exhibit 99.2 Woori Bank Review Report for 2018 3Q (Separate)

Summary of 2018 Third Quarter Business Report

Table of Contents


I. INTRODUCTION OF THE BANK			5

	1.	Overview of the Bank	5

	2.	Capital Structure (Changes in Capital)	9

	3.	Total Number of Authorized Shares	11

	4.	Voting Rights	11

	5.	Dividend Information	11

II. BUSINESS OVERVIEW			12

	1.	Results of Operations	12

	2.	Business Performance by Operation	12

	3.	Funding Sources and Use of Funds	14

	4.	Other Information Necessary for Making Investment Decisions	16

III. FINANCIAL INFORMATION			18

	1.	Condensed Financial Statements (Consolidated)	18

	2.	Condensed Financial Statements (Separate)	20

IV. COMPENSATION TO THE INDEPENDENT AUDITOR			22

	1.	Audit Services	22

	2.	Non-Audit Service	22

V. CORPORATE GOVERNANCE AND AFFILIATED COMPANIES			23

	1.	About the Board of Directors	23

	2.	Affiliated Companies (as of September 30, 2018)	24

VI. SHAREHOLDER INFORMATION			24

	1.	Share Distribution	24

	2.	Stock Price and Stock Market Performance	26

VII. DIRECTORS AND EMPLOYEE INFORMATION			27



	1.	Directors	27

	2.	Employee Status	27

	3.	Directors’ Compensation	28

VIII.RELATED PARTY TRANSACTIONS			28

Except where indicated otherwise, financial information contained in this document (including the attached financial statements) has been prepared in accordance with the Korean equivalent of International Financial Reporting Standards (“Korean IFRS”), which differ in certain important respects from generally accepted accounting principles in the United States.

All references to “Woori Bank,” “we,” “us” or the “Bank” are to Woori Bank and, unless the context requires otherwise, its subsidiaries. In addition, all references to “Won” or “KRW” in this document are to the currency of the Republic of Korea.

I.	Introduction of the Bank

1.	Overview of the Bank

a.	History

(1)

Background: Major developments.



		January 30, 1899		Established Daehancheonil Bank (Changed its name to The Commercial Bank of Korea on April 24, 1950)

		July 3, 1909		The first bank in Korea to build modernized head office building ‘Gwangtonggwan’

		March 31, 1915		Became main transaction bank of Gyeongsung (Present: Seoul Metropolitan City)

		December 16, 1932		Established Chosun Trust Company (Changed its name to Hanil Bank on January 1, 1960)

		March 3, 1956		The first company to be listed in KRX

		June 10, 1959		Installed vault for women

		November 11, 1968		The first Korean bank to open an overseas branch (Tokyo branch)

		January 4, 1999		The Commercial Bank of Korea changed its name to Hanvit Bank after merging with Hanil Bank

		March 27, 2001		Became a subsidiary of Woori Finance Holdings Co., Ltd. (“Woori Finance Holdings”)

		December 31, 2001		Merged with the spun off banking division of Peace Bank of Korea

		January 31, 2002		Transferred the credit card business of Hanvit Bank to Woori Card

		May 20, 2002		Changed its name and C.I. to Woori Bank

		July 31, 2003		Merged with Woori Investment Bank

		March 31, 2004		Merged with Woori Credit Card

		December 1, 2006		Officially launched Woori Global Markets Asia Limited

		November 12, 2007		Established a local legal entity in China, Woori Bank China Ltd.

		January 9, 2008		Established a local legal entity in Russia, AO Woori Bank

		December 16, 2008		Issued 70,000,000 convertible preferred shares (par value KRW 5,000, issue price KRW 10,000)

		April 1, 2009		Issued 60,000,000 common shares for increase in capital



		December 15, 2009		Awarded Asian Financial Culture Grand Prize “Top Prize in Community Activities”

		November 29, 2010		Acquired ‘IT service ISO 27001 Certificate’

		April 25, 2012		Awarded “2012 Top Bank of Korea” by the Asian Banker for two consecutive years

		September 25, 2012		Woori Brazil Bank began business

		November 7, 2012		Awarded Grand Prize for the First Awards for Protection of Financial Consumers in 2012 by the Korea Economic Daily

		November 29, 2012		Awarded Presidential Award sponsored by the Financial Supervisory Commission for “Anti-Money Laundering”

		April 1, 2013		Spun off its credit card business

		June 27, 2013		Number 1 in Korean Standard-Service Quality Index (KS-SQI) for three consecutive years

		October 4, 2013		Selected by National Pension Fund as “Top Foreign Exchange Bank”

		April 24, 2014		Became the First domestic bank to issue Basel III subordinated debt in foreign currency (USD 1 billion)

		May 21, 2014		Awarded “Korea’s Top Bank in Money Management” by Asian Banker in 2014

		June 30, 2014		Daehancheonil Bank materials designated as the 11th in National Records Designation System

		August 1, 2014		The first Korean bank to launch ‘Woori Mobile Passbook’, enables to transact without passbook

		November 1, 2014		Woori Finance Holdings merged with and into the Bank

		November 19, 2014		Re-listed Woori Bank in KRX

		February 26, 2015		PT. Bank Woori Saudara Indonesia officially launched

		March 31, 2015		Commemoration of the 100 year partnership between Woori Bank and Seoul Metropolitan Government

		April 19, 2015		Awarded ‘2015 Best Cash Management Bank in South Korea’ and ‘2015 Best Sub Custodian Bank in South Korea’ by Asian Banker

		May 15, 2015		Opened ‘Incheon International Airport Branch’

		May 26, 2015		Launched mobile-only bank, WiBee Bank WiBee Bank mobile loan products released



		November 26, 2015		The first Korean bank to reach 200 global networks (Woori Finance Myanma)

		January 13, 2016		The first Korean bank to start ‘iris scan ATM service’

		January 19, 2016		Started debit card service in Bangladesh

		February 3, 2016		Lanched WiBee Bank service in Indonesia, Vietnam and Brazil

		May 2, 2016		The first Korean bank to open representative office in Iran

		July 1, 2016		Launched mobile based ‘WiBee Members’

		October 31, 2016		Acquired approval to launch subsidiary in Vietnam

		November 13, 2016		The FSC announced the KDIC’s successful privatization efforts through the sales of a combined 29.7% ownership interest in Woori Bank to seven financial companies

		December 8, 2016		Awarded ‘2016 Bank of the Year in Korea’ by Bankers

		December 27, 2016		Reached 250th global networks

		January 5, 2017		The first Korean bank to launch ‘One-touch Notice’ in foreign languages

		January 12, 2017		Selected as the 2016 Best Korean Wealth Management Provider by British magazine “World Finance”

		February 5, 2017		The first Korean bank to Open office in Katowice, Poland

		March 22, 2017		The first Korean bank to launch Korean film investment fund ‘Woori Bank-Company K Korean film investment fund’

		March 28, 2017		Launched SORi, the first voice recognition AI banking service in Korea

		June 8, 2017		Awarded “Best Transaction Bank” and “Top Bank in Money Management” by Asian Banker

		June 21, 2017		Launched overseas remittance service with an Indonesian telecommunications company, the first in the Korean financial sector

		June 28, 2017		Received a Presidential Citation for “social enterprise fosterage” from the Ministry of Employment and Labor, the sole recipient from the Korean financial sector.



		July 12, 2017		Joint declaration to create jobs by management and labor force for the first time in the Korean financial sector

		September 8, 2017		Woori Bank Vietnam launched a local credit card in collaboration with Woori Card

		October 16, 2017		Selected by National Pension Fund as main transaction bank

		November 30, 2017		Awarded ‘2017 Asia-Pacific Bank of the Year’ by Bankers

		December 22, 2017		Inaugurated the 51st President of the Bank, Tae- Seung Sohn

		December 26, 2017		Exceeded 300 global networks

		January 15, 2018		Opened sub-branch in Incheon International Airport Passenger Terminal 2

		February 1, 2018		Launched comprehensive real-estate information platform, ‘WiBee Homes’

		May 8, 2018		Implemented new core banking system ‘WINI’

		June 21, 2018		Acquired a local financial institution in Cambodia, WB Finance (‘VisionFund Cambodia’), expanding global network to 410

		July 9, 2018		The first Korean bank to invest in the ‘Impact Investment Fund’

		August 30, 2018		The first Korean bank to agree with its labor union on an early introduction of the 52-hour workweek

b.	Affiliated Companies

(1)

Overview of Business Group

Name of business group: Woori Bank

(2)

Affiliated companies within the business group

As of September 30, 2018


Type	Name of Company	Controlling Company
Company	Woori Bank		—
FirstTier Subsidiaries (19 companies)	Woori Card (equity ownership 100.0%)		Woori Bank
	Woori Investment Bank (equity ownership 59.83%)
	Woori FIS (equity ownership 100.0%)
	Woori Private Equity Asset Management (equity ownership 100.0%)
	Woori Finance Research Institute (equity ownership 100.0%)
	Woori Credit Information (equity ownership 100.0%)
	Woori Fund Services (equity ownership 100.0%)
	Korea BTL Infrastructure Fund (equity ownership 99.87%)
	Woori America Bank (equity ownership 100.0%)
	PT. Bank Woori Saudara Indonesia (equity ownership 79.88%)
	AO Woori Bank (equity ownership 100.0% - 1 share)
	Woori Bank China Limited (equity ownership 100.0%)
	Woori Bank Brasil (equity ownership 100.0% - 1 share)
	Woori Finance Cambodia (equity ownership 100.0%)
	WB Finance (Cambodia) (equity ownership 100.0%)
	Woori Finance Myanmar (equity ownership 100.0%)
	Woori Wealth Bank Philippines (equity ownership 51%)
	Woori Bank Vietnam (equity ownership 100.0%)
	Woori Global Markets Asia Ltd. (equity ownership 100.0%)
Second Tier Subsidiaries (1 company)	TUTU Finance-WCI Myanmar (equity ownership 100.0%)		Woori Card
Other Subsidiaries (1 company)	Woori-Hanwha Eureka Private Equity Fund (equity ownership 0.80%) Note1)		Woori Private Equity Asset Management

*	Listed Companies : Woori Bank, Woori Investment Bank and PT. Bank Woori Saudara Indonesia

Note	1) Established on August 1, 2018, Woori-Hanwha Eureka Private Equity Fund merged with Woori Private Equity Asset Management as Co-GP. It is not a consolidated subsidiary (equity ownership 0.8%).

2.	Capital Structure (Changes in Capital)


As of September 30, 2018		(units: Won, shares)


Date	Category	Stock Decrease/Increase
Date	Category	Type		Quantity		Par Value		Issue price		Note
4.1.2013	Capital reduction with compensation		Common		153,797,130		5,000		5,000	Capital reduction due to spin off of credit card business
4.1.2013	Capital reduction with compensation		Preferred		15,469,070		5,000		10,000	Capital reduction due to spin off of credit card business
6.5.2013	Exercise of conversion rights		Common		54,530,930		5,000		10,000	Reduction of preferred shares due to exercise of rights to convert convertible preferred shares
6.5.2013	Exercise of conversion rights		Preferred		54,530,930		5,000		10,000	Increase in common shares due to exercise of rights to convert convertible preferred shares
11.3.2014	—		Common		596,690,380		5,000		5,000	Capital reduction due to the merger with Woori Finance Holdings
11.3.2014	—		Common		676,278,371		5,000		5,000	Increase in common shares (new issuance of shares) due to the merger with Woori Finance Holdings
10.2.2015	—		Common		278,371		5,000		—	Retirement of shares *

*	Upon consummation of the merger with Woori Finance Holdings, 596,690,380 shares of the Bank were cancelled and 676,278,371 shares were newly issued according to the merger ratio.

On October 2, 2015, 278,371 shares were retired and the total number of shares issued changed to 676,000,000 shares. There was no decrease to Woori Bank’s capital as the number of outstanding shares remains the same. [Related Disclosure : Report on Form 6-K submitted by Woori Bank on September 11, 2015, entitled “Resolution Relating to Retirement of Shares”]

3.	Total Number of Authorized Shares

As of September 30, 2018


				(unit: shares	)
Items	Type
Items	Common Shares		Total
Total number of shares authorized		5,000,000,000		5,000,000,000
Total number of shares issued to date		676,000,000		676,000,000
Number of treasury shares		2,728,774		2,728,774
Number of outstanding shares		673,271,226		673,271,226

*	Upon consummation of the merger with Woori Finance Holdings, 596,690,380 shares of the Bank were cancelled and 676,278,371 shares were newly issued according to the merger ratio.

On September 30, 2015 Woori Bank terminated its trust agreement and acquired 2,913,155 treasury shares which were deposited into Woori Bank’s treasury share account and 278,371 of such acquired shares were retired. [Related Disclosure : Report on Form 6-K submitted by Woori Bank on September 11, 2015, entitled “Resolution Relating to Retirement of Shares”]

4.	Voting Rights

As of December 31, 2017


					(unit: shares	)
Items		Number of stock		Notes
Total number of shares issued	Common Shares		676,000,000		—
Total number of shares issued	Preferred Shares		—		—
Number of shares without voting rights	Common Shares		2,728,774		Note 1	)
Number of shares without voting rights	Preferred Shares		—		—
Number of shares for which voting rights are excluded pursuant to the articles of incorporation	Common Shares		—		—
	Preferred Shares		—		—
Number of shares for which voting rights are limited by law	Common Shares		17,454,546		Note 2	)
Number of shares for which voting rights are limited by law	Preferred Shares		—		—
Number of shares for which voting rights have been restored	Common Shares		—		—
Number of shares for which voting rights have been restored	Preferred Shares		—		—
Number of shares for which voting rights may be exercised	Common Shares		655,816,680		—
Number of shares for which voting rights may be exercised	Preferred Shares		—		—

Note 1)

The shares without voting rights are treasury shares. Please see “I. Introduction of the Bank - 3. Total Number of Authorized Shares.”

Note 2)

Pursuant to Article 16-2(2) of the Banking Act, a non-financial business operator is restricted from exercising voting rights in excess of 4% of the total number of outstanding voting shares of a bank.

5.	Dividend Information


Items		3Q 2018		2017		2016
Par value per share (Won)			5,000		5,000		5,000
Net profit (Millions of Won)			1,903,406		1,512,148		1,261,266
Earnings per share (Won)			2,661		1,999		1,567
Total cash dividends (Millions of Won)			—		403,963		269,308
Total stock dividends (Millions of Won)			—		—		—
Cash dividend payout ratio (%)			—		26.71		21.35
Cash dividend yield (%)	Common Shares		—		3.70		3.01
Cash dividend yield (%)	Preferred Shares		—		—		—
Stock dividend yield (%)	Common Shares		—		—		—
Stock dividend yield (%)	Preferred Shares		—		—		—
Cash dividend per share (Won)	Common Shares		—		600		400
Cash dividend per share (Won)	Preferred Shares		—		—		—
Stock dividend per share (Won)	Common Shares		—		—		—
Stock dividend per share (Won)	Preferred Shares		—		—		—

*	Based on K-IFRS consolidated financial statements

*	2017 figures include interim dividends (KRW 100)

II.

Business Overview

1.	Results of Operations

As of September 30, 2018


				(unit: 100 millions of Won)
Type	3Q 2018		3Q 2017		2017		2016
Operating income		25,736		18,019		21,567		15,742
Non-operating income		1,340		1,766		1,679		1,690
Non-operating expenses		802		1,770		3,751		1,898
Ordinary profits		26,274		18,016		19,495		15,534
Income from continuing operations before income tax		26,273		18,016		19,495		15,534
Income tax expense from continuing operations		7,065		4,091		4,194		2,759
Income from discontinued operations		—		—		—		—
Net income		19,209		13,924		15,301		12,775

*	Based on K- IFRS consolidated financial statements

2.	Business Performance by Operation

a.	Deposit Services

As of September 30, 2018


					(unit: millions of Won)
Type		3Q 2018		2017		2016
Deposits received in local currency	Demand deposits		8,617,162		9,349,070		9,491,680
	Fixed deposits		197,913,077		194,289,437		183,723,169
	Mutual funds		31,475		34,055		37,128
	Subtotal		206,561,714		203,672,562		193,251,977
Deposits received in foreign currencies			22,933,453		23,682,755		21,452,943
CDs			4,574,411		4,399,817		3,808,856
Money trusts			1,401,241		1,401,841		1,360,176
Other deposits received			1,888,240		1,538,110		1,146,459
Total			237,359,059		234,695,084		221,020,411

*	Based on K- IFRS consolidated financial statements

b.	Loan Services

(a)

Balances of Loans by Type

As of September 30, 2018


				(unit: millions of Won)
Type	3Q 2018		2017		2016
Loans in local currency		206,709,475		200,213,230		191,309,481
Loans in foreign currencies		18,004,517		15,664,794		17,855,868
Guarantee payments		16,027		23,620		25,197

Total		224,730,019		215,901,645		209,190,547

*	Based on K- IFRS consolidated financial statements

*	Loans in foreign currencies includes domestic banker’s letter of credit (usance)

(b)

Balances of Loans by Maturity

As of September 30, 2018


							(unit: millions of Won)
Type	1 year or under		Over 1 year ~ 3 years or under		Over 3 years ~ 5 years or under		Over 5 years		Total
Loans in local currency		103,027,473		41,125,995		9,683,431		50,739,944		204,576,843
Loans in foreign currencies		7,841,628		2,061,229		905,329		911,521		11,719,707

*	Based on K- IFRS separate financial statements

c.	Guarantees

As of September 30, 2018


			(unit: millions of Won)
Type	3Q 2018		2017		2016
Confirmed guarantees		6,685,631		6,875,021		8,270,187
Unconfirmed guarantees		4,583,683		4,526,593		5,101,701
Commercial paper purchase commitments and others		1,206,156		1,458,101		1,389,896

*	Based on K- IFRS consolidated financial statements

d.	Trust Business

As of September 30, 2018

(unit: millions of Won)

Type

3Q 2018

2017

2016

Trust Funds

Trust Fees

Trust Funds

Trust Fees

Trust Funds

Trust Fees

Money trust

36,008,011

145,549

30,131,764

139,025

26,019,180

73,814

Property trust

13,983,329

3,627

12,942,930

4,507

12,714,338

4,803

Total

49,991,340

149,176

43,074,694

143,532

38,733,518

78,617

*	Trust funds indicate average balances.

3.	Funding Sources and Use of Funds

a.	Sources of Funds

[Bank Accounts]


														(unit: millions of Won, %)
Classification	Funding Source	3Q 2018						2017						2016
Classification	Funding Source	Average Balance		Interest Rate		Proportion		Average Balance		Interest Rate		Proportion		Average Balance		Interest Rate		Proportion
Local currency funds	Deposits received in local currency		195,719,247		1.39		66.75		187,332,008		1.26		66.02		183,440,285		1.38		65.35
	Certificates of deposit		4,758,507		1.89		1.62		4,500,100		1.66		1.59		3,466,223		1.70		1.23
	Borrowings in local currency		6,511,701		1.46		2.22		6,213,903		1.32		2.19		6,709,080		1.45		2.39
	Call money in local currency		192,702		1.49		0.07		1,254,623		1.23		0.44		1,159,188		1.32		0.41
	Others		20,924,929		2.36		7.14		20,168,307		2.29		7.11		18,532,241		2.60		6.60

	Subtotal		228,107,086		1.49		77.80		219,468,941		1.37		77.34		213,307,017		1.50		75.98

Foreign currency funds	Deposits received in foreign currencies		15,220,677		0.80		5.19		14,338,927		0.51		5.05		14,838,684		0.47		5.29
	Borrowings in foreign currencies		6,281,571		2.05		2.14		7,267,096		1.38		2.56		8,595,575		0.86		3.06
	Call money in foreign currencies		706,911		1.68		0.24		980,001		1.14		0.35		1,401,294		0.70		0.50
	Debentures in foreign currencies		3,703,085		3.87		1.26		3,649,805		3.11		1.29		3,950,614		2.54		1.41
	Others		683,090		0.38		0.23		574,786		0.14		0.20		531,877		0.29		0.19

	Subtotal		26,595,334		1.54		9.07		26,810,615		1.12		9.45		29,318,044		0.87		10.44

Others	Total capital		20,507,242		—		6.99		20,134,843		—		7.10		19,617,484		—		6.99
	Provisions		437,546		—		0.15		351,750		—		0.12		412,553		—		0.15
	Others		17,567,720		—		5.99		16,993,430		—		5.99		18,070,427		—		6.44

	Subtotal		38,512,508		—		13.13		37,480,023		—		13.21		38,100,463		—		13.57

Total			293,214,928		1.30		100.00		283,759,580		1.16		100.00		280,725,524		1.23		100.00

*	Based on K-IFRS separate financial statements

[Trust Accounts]


														(unit: millions of Won, %)
Type	Funding Source	3Q 2018						2017						2016
Type	Funding Source	Average Balance		Interest Rate		Share		Average Balance		Interest Rate		Share		Average Balance		Interest Rate		Share
Cost	Money trusts		36,008,011		1,77		71.85		30,131,764		1.70		69.76		26,019,180		1.52		66.98
	Borrowings		0		0.00		0.00		0		0.00		0.00		0		0.00		0.00

	Subtotal		36,008,011		1.77		71.85		30,131,764		1.70		69.76		26,019,180		1.52		66.98

Non-cost	Property trusts		13,983,329		—		27.90		12,942,930		—		29.97		12,714,338		—		32.73
	Special reserves		39,845		—		0.08		39,082		—		0.09		38,160		—		0.10
	Other		85,839		—		0.17		76,821		—		0.18		72,810		—		0.19

	Subtotal		14,109,013		—		28.15		13,058,833		—		30.24		12,825,308		—		33.02

Total			50,117,024		—		100.00		43,190,597		—		100.00		38,844,488		—		100.00

b.	Fund Management Performance

[Bank Accounts]


																		(unit: millions of Won, %)
Type	Managed Item	3Q 2018								2017								2016
Type	Managed Item	Average Balance			Interest Rate		Share			Average Balance			Interest Rate		Share			Average Balance			Interest Rate		Share
Local currency funds	Deposits in local currency		3,658,088			1.52		1.25			3,424,567			1.28		1.21			3,171,599			1.34		1.13
	Marketable securities in local currency		33,886,761			2.15		11.56			35,186,537			1.95		12.40			33,880,119			2.58		12.07
	Loans in local currency		202,012,706			3.20		68.90			194,161,817			3.05		68.42			189,079,324			3.10		67.35
	Guarantee payments		16,386			1.97		0.01			26,639			3.14		0.01			51,254			0.89		0.02
	Call loans in local currency		1,431,360			1.64		0.49			2,275,748			1.33		0.80			3,581,382			1.41		1.28
	Private placed bonds		133,247			2.98		0.05			185,092			5.94		0.07			247,292			5.19		0.09
	Credit card receivables		—			—		—			28			—		0.00			24			—		0.00
	Other		5,896,301			2.07		2.01			4,235,478			1.99		1.49			4,580,215			2.04		1.63
	Bad debt expense in local currency (-)		(1,221,651	)		—		(0.42	)		(1,284,188	)		—		(0.45	)		(1,925,177	)		—		(0.69	)

	Subtotal		245,813,198			3.01		83.83			238,211,718			2.85		83.95			232,666,033			2.98		82.88

Foreign currency funds	Deposits in foreign currencies		3,759,708			1.27		1.28			3,791,184			0.67		1.34			3,761,286			0.43		1.34
	Marketable securities in foreign currencies		3,386,550			1.24		1.15			2,735,707			1.07		0.96			1,752,884			1.13		0.62
	Loans in foreign currencies		11,091,062			3.05		3.78			10,790,442			2.51		3.80			13,371,873			1.95		4.76
	Call loans in foreign currencies		2,417,093			1.96		0.82			2,506,588			1.33		0.88			2,940,858			0.85		1.05
	Bills bought		7,158,315			2.68		2.44			7,417,500			1.88		2.61			7,110,164			1.53		2.53
	Other		34,316			2.92		0.01			48,472			2.50		0.02			13,829			9.72		0.00
	Bad debt expense in foreign currencies (-)		(425,204	)		—		(0.15	)		(332,301	)		—		(0.12	)		(312,211	)		—		(0.11	)

	Subtotal		27,421,840			2.44		9.35			26,957,590			1.85		9.50			28,638,685			1.51		10.20

Other	Cash		1,221,046			—		0.42			1,201,343			—		0.42			1,169,566			—		0.42
	Property and equipment for business purposes		2,357,430			—		0.80			2,352,466			—		0.83			2,325,893			—		0.83

	Other		16,401,414			—		5.59			15,036,463			—		5.30			15,925,347			—		5.67
	Subtotal		19,979,890			—		6.81			18,590,272			—		6.55			19,420,807			—		6.92

Total			293,214,928			2.75		100.00			283,759,580			2.57		100.00			280,725,524			2.62		100.00

*	Based on K-IFRS separate financial statements

[Trust Accounts]


																(Unit: millions of Won, %)
Type	Managed Item	3Q 2018							2017							2016
Type	Managed Item	Average Balance			Interest Rate		Share		Average Balance			Interest Rate		Share		Average Balance			Interest Rate		Share
Profit	Loans		35,482			3.58		0.07		27,539			3.62		0.06		23,088			4.21		0.06
	Securities		12,191,928			3.09		24.33		8,038,329			3.25		18.61		4,701,052			1.93		12.10
	Other		24,571,797			1.62		49.03		22,962,574			1.47		53.17		22,237,766			1.63		57.25
	Reserves for bond ratings (-)		(17	)		0.00		0.00		(45	)		0.00		0.00		(36	)		0.00		0.00
	Present value discount (-)		(4	)		0.00		0.00		(72	)		0.00		0.00		(215	)		0.00		0.00
	Subtotal		36,799,186			2.11		73.43		31,028,325			1.93		71.84		26,961,655			1.68		69.41
Non-profit	Subtotal		13,317,838			—		26.57		12,162,272			—		28.16		11,882,833			—		30.59

Total			50,117,024			—		100.00		43,190,597			—		100.00		38,844,488			—		100.00

4.	Other Information Necessary for Making Investment Decisions

a.	Selected Ratios

BIS Capital Adequacy Ratios


					(unit: 100 millions of Won, %)
Type	3Q 2018		2017		2016
Equity capital (A)		244,815		226,032		229,005
Risk weighted assets (B)		1,542,242		1,467,622		1,497,281
Capital adequacy ratio (A/B)		15.87		15.40		15.29

Liquidity Ratios


					(unit: %)
Type	3Q 2018		2017		2016
Liquidity coverage ratio (LCR)		102.77		102.06		109.52
Foreign currency liquidity coverage ratio(LCR) **		110.02		103.11		—
Ratio of business purpose premises and equipment ***		12.11		13.49		13.49

*	Based on K-IFRS consolidated financial statements

**	Newly introduced in 2017 (Current minimum ratio is 70% in 2018; to increase to 80% in 2019).

Our foreign currency LCR was 115.24% in July 2018, 108.52% in August 2018 and 105.59% in September 2018.

***	Based on the ending balances of 3Q 2018, FY 2017 and FY2016

b.	Asset Quality


								(unit: 100 millions of Won)
Type		3Q 2018			2017			2016
Total loans	Total		2,286,559			2,221,185			2,166,122
	Corporate		1,191,638			1,155,213			1,140,252
	Household		1,094,921			1,065,972			1,025,870
Sub-standard and below loans Sub-standard and below loan ratio	Total		10,488			18,396			21,121
			0.46	%		0.83	%		0.98	%
	Corporate		7,688			15,826			18,237
			0.65	%		1.37	%		1.60	%
	Household		2,800			2,570			2,884
	Household		0.26	%		0.24	%		0.28	%
Delinquency ratio	Based on total loans (after seasonal adjustment)		0.34	%		0.34	%		0.46	%
	Based on total loans (after seasonal adjustment)		(0.36	)%		(0.38	)%		(0.52	)%
	Based on corporate loans (after seasonal adjustment)		0.38	%		0.45	%		0.61	%
	Based on corporate loans (after seasonal adjustment)		(0.41	)%		(0.50	)%		(0.66	)%
	Based on household loans (after seasonal adjustment)		0.35	%		0.28	%		0.31	%
	Based on household loans (after seasonal adjustment)		(0.36	)%		(0.30	)%		(0.33	)%

*	Based on K-IFRS separate financial statements

c.	Recent Developments

On November 1, 2014, the Bank merged with its holding company, Woori Finance Holdings, according to the resolution of the board of directors on July 28, 2014, to maximize the possibility of a successful privatization. New shares of the Bank, the surviving entity, were allotted and delivered to the shareholders of Woori Finance Holdings based on a 1:1.0000000 ratio.

Upon the consummation of the merger, 596,690,380 shares of the Bank were cancelled and 676,278,371 new shares were issued.

The major terms of the Merger are as follows:


Item	Details
Method of Merger	Merger of parent company with and into wholly-owned subsidiary
Merging entities	Woori Bank (surviving entity)
	Woori Finance Holdings (non-surviving entity)
New shares issued in Merger	676,278,371 common shares
Schedule of the Merger	Date of the Merger	November 1, 2014
	Date of registration of Merger	November 3, 2014
	Delivery of share certificates	November 18, 2014
	Date of new listing of shares	November 19, 2014

III.

Financial Information

1.	Condensed Financial Statements (Consolidated)

Summary Consolidated Statement of Financial Position


(The Bank and its Consolidated Subsidiaries)		(unit: millions of Won)


Classification	3Q 2018		2017		2016
ASSETS
Cash and cash equivalents		6,004,504		6,908,286		7,591,324
Financial assets at FVTPL (fair value through profit or loss) K-IFRS1109		5,720,811		—		—
Financial assets at FVTPL (fair value through profit or loss) K-IFRS1039		—		5,843,077		5,650,724
Financial assets at FVTOCI (other comprehensive income)		16,167,617		—		—
Available-for-sale financial assets		—		15,352,950		20,817,583
Securities at amortized cost		19,121,604				—
Held-to-maturity financial assets		—		16,749,296		13,910,251
Loans and other financial assets at amortized cost		278,684,897		—		—
Loans and receivables		—		267,106,204		258,392,633
Investments in joint ventures and associates		341,603		417,051		439,012
Investment properties		382,389		371,301		358,497
Premises and equipment		2,438,294		2,477,545		2,458,025
Intangible assets and goodwill		620,195		518,599		483,739
Assets held for sale		6,765		48,624		2,342
Current tax assets		15,635		4,722		6,229
Deferred tax assets		38,660		280,130		232,007
Derivative assets		13,716		59,272		140,577
Net defined benefit assets		—		—		70,938
Other assets		244,946		158,404		128,846

Total assets		329,801,636		316,295,461		310,682,727

LIABILITIES
Financial liabilities at FVTPL (fair value through profit or loss) K-IFRS1109		2,222,042		—		—
Financial liabilities at FVTPL (fair value through profit or loss) K-IFRS1039		—		3,427,909		3,803,358
Deposits due to customers		237,359,059		234,695,084		221,020,411
Borrowings		15,862,477		14,784,706		18,769,515
Debentures		28,102,679		27,869,651		23,565,449
Provisions		385,343		410,470		428,477
Net defined benefit liability		112,520		43,264		64,666
Current tax liabilities		223,280		232,600		171,192
Deferred tax liabilities		18,785		22,681		22,023
Derivative liabilities		74,107		67,754		7,221
Other financial liabilities		23,197,293		13,892,461		21,985,086
Other liabilities		332,155		283,981		299,376

Total liabilities		307,889,740		295,730,561		290,136,774

EQUITY
Owners’ equity:		21,703,016		20,365,892		20,386,160
Capital stock		3,381,392		3,381,392		3,381,392
Hybrid securities		3,161,963		3,017,888		3,574,896
Capital surplus		285,887		285,880		286,331
Other equity		(2,158,221)		(1,939,274)		(1,468,025)
Retained earnings		17,031,995		15,620,006		14,611,566
Non-controlling interests		208,880		199,008		159,793

Total equity		21,911,896		20,564,900		20,545,953

Total liabilities and equity		329,801,636		316,295,461		310,682,727

Number of Consolidated Subsidiaries		62		53		74

Summary Consolidated Statement of Comprehensive Income


(The Bank and its Consolidated Subsidiaries)		(unit: millions of Won, except per share amounts)


Classification	3Q 2018			3Q 2017			2017			2016
Operating income		2,573,529			1,801,916			2,156,742			1,574,206
Net interest income		4,197,149			3,901,876			5,220,650			5,019,544
Net fees and commissions income		868,404			814,569			1,070,466			937,131
Dividend income		68,037			108,287			124,992			184,510
Net gain or loss on financial instruments at FVTPL (fair value through profit or loss) K-IFRS1109		92,586			—			—			—
Net gain or loss on financial instruments at FVTPL (fair value through profit or loss) K-IFRS1039		—			(97,636	)		(104,827	)		114,387
Net gain or loss on financial assets at FVTOCI		2,173			—			—			—
Net gain or loss on available for sale financial assets		—			148,445			192,708			(1,035	)
Net gain or loss arising on financial assets at amortized cost		39,618			—			—			—
Impairment losses due to credit loss		(55,417	)		(501,022	)		(785,133	)		(834,076	)
General and administrative expenses		(2,386,111	)		(2,647,052	)		(3,530,801	)		(3,478,476	)
Other net operating income (expenses)		(252,910	)		74,449			(31,313	)		(367,779	)
Non-operating income		53,791			(330	)		(207,236	)		(20,817	)
Net income before income tax expense from continuing operations		2,627,320			1,801,586			1,949,506			1,553,389
Income tax expense from continuing operations		(706,468	)		(409,145	)		(419,418	)		(275,856	)
Net income from continuing operations		1,920,852			1,392,441			1,530,088			1,277,533
Net income from discontinued operations		—			—			—			—
Net income		1,920,852			1,392,441			1,530,088			1,277,533
Net income attributable to owners		1,903,406			1,378,507			1,512,148			1,261,266
Profit from continuing operations		1,903,406			1,378,507			1,512,148			1,261,266
Profit from discontinued operations		—			—			—			—
Net income attributable to the non-controlling interests		17,446			13,934			17,940			16,267
Profit from continuing operations		17,446			13,934			17,940			16,267
Profit from discontinued operations		—			—			—			—
Other comprehensive income (loss), net of tax		(40,997	)		(88,750	)		(276,796	)		77,894
Items that will not be reclassified to profit or loss		(25,849	)		9,778			10,497			34,162
Items that may be reclassified to profit or loss		(15,148	)		(98,528	)		(287,293	)		43,732

Total comprehensive income		1,879,855			1,303,691			1,253,292			1,355,427

Comprehensive income attributable to the owners		1,868,570			1,295,391			1,249,057			1,332,614
Comprehensive income attributable to non-controlling interests		11,285			8,300			4,235			22,813
Net Income Per Share
Continuing and discontinued operations
Basic earnings per common share		2,661			1,855			1,999			1,567
Diluted earnings per common share		2,661			1,855			1,999			1,567
Continuing operations
Basic earnings per common share		2,661			1,855			1,999			1,567
Diluted earnings per common share		2,661			1,855			1,999			1,567

2.	Condensed Financial Statements (Separate)

Summary Statement of Financial Position


(The Bank)		(unit: millions of Won)


Classification	3Q 2018			2017			2016
ASSETS
Cash and cash equivalents		5,181,071			5,328,960			6,104,029
Financial assets at FVTPL (fair value through profit or loss) K-IFRS1109		3,574,953			—			—
Financial assets at FVTPL (fair value through profit or loss) K-IFRS1039		—			4,133,724			4,076,872
Financial assets at FVTOCI (other comprehensive income)		15,430,525			—			—
Available for sale financial assets		—			14,186,704			18,105,862
Securities at amortized cost		19,012,864			—			—
Held-to-maturity financial assets		—			16,638,727			13,792,266
Loans and other financial assets at amortized cost		256,674,666			—			—
Loans and receivables		—			248,810,624			241,508,048
Investments in subsidiaries and associates		4,230,919			4,148,795			3,779,169
Investment properties		362,707			350,235			348,393
Premises and equipment		2,343,666			2,374,590			2,342,280
Intangible assets		375,686			303,325			242,230
Assets held for sale		2,315			46,183			2,342
Deferred tax assets		—			238,543			162,211
Derivative assets		13,716			59,272			140,577
Net defined benefit assets		—			—			70,938
Other assets		206,658			117,889			96,926

Total assets		307,409,746			296,737,571			290,772,143

LIABILITIES
Financial liabilities at FVTPL (fair value through profit or loss) K-IFRS1109		2,221,929			—			—
Financial liabilities at FVTPL (fair value through profit or loss) K-IFRS1039		—			3,416,978			3,793,479
Deposits due to customers		226,233,596			224,384,156			211,382,380
Borrowings		13,941,360			13,662,984			16,060,821
Debentures		21,457,360			21,707,466			18,166,057
Provisions		324,051			368,027			380,473
Net defined benefit liability		80,148			14,284			—
Current tax liabilities		195,220			212,376			148,672
Deferred tax liabilities		3,341			—			—
Derivative liabilities		38,094			12,103			7,221
Other financial liabilities		21,653,196			13,029,421			20,827,284
Other liabilities		176,193			135,686			153,238

Total liabilities		286,324,488			276,943,481			270,919,625

EQUITY
Capital stock		3,381,392			3,381,392			3,381,392
Hybrid securities		3,161,963			3,017,888			3,574,896
Capital surplus		269,533			269,533			269,533
Other equity		(323,809	)		(135,282	)		138,542
Retained earnings		14,596,179			13,260,559			12,488,155

Total equity		21,085,258			19,794,090			19,852,518

Total liabilities and equity		307,409,746			296,737,571			290,772,143

Summary Statement of Comprehensive Income


(The Bank)		(unit: millions of Won, except per share amounts)


Classification	3Q 2018			3Q 2017			2017			2016
Operating income		2,311,000			1,530,907			1,790,558			1,270,501
Net interest income		3,512,850			3,265,366			4,390,603			4,222,447
Net fees and commissions income		769,848			706,676			931,021			842,883
Dividend income		56,996			110,180			125,599			220,015
Net gain or loss on financial instruments at FVTPL (fair value through profit or loss) K-IFRS1109		72,241			—			—			—
Net gain or loss on financial instruments at FVTPL (fair value through profit or loss) K-IFRS1039					(94,788	)		(96,983	)		97,225
Net gain or loss on financial assets at FVTOCI		1,150			—
Net gain or loss on available for sale financial assets		—			137,449			135,003			35,525
Net gain or loss arising on financial assets at amortized cost*		23,586			—			—			—
Impairment losses due to credit loss		151,061			(336,690	)		(553,204	)		(640,443	)
General and administrative expenses		(2,065,089	)		(2,352,496	)		(3,128,725	)		(3,115,371	)
Other net non-operating income (expenses)		(211,643	)		95,210			(12,756	)		(391,780	)
Non-operating income		81,702			11,951			(170,336	)		40,144
Net income before income tax expense		2,392,702			1,542,858			1,620,222			1,310,645
Income tax expense		(645,687	)		(346,024	)		(344,110	)		(245,043	)
Net income from continuing operations		1,747,015			1,196,834			1,276,112			1,065,602
Net income from discontinued operations		—			—			—			—
Net income		1,747,015			1,196,834			1,276,112			1,065,602
Other comprehensive income (loss), net of tax		(3,119	)		(32,577	)		(65,666	)		32,526
Items that will not be reclassified to profit or loss		(26,090	)		12,868			16,566			33,191
Items that may be reclassified to profit or loss		22,971			(45,445	)		(82,232	)		(665	)

Total comprehensive income		1,743,896			1,164,257			1,210,446			1,098,128

Net Income Per Share		—			—			—			—
Basic and diluted net income per share		2,428			1,585			1,648			1,277

IV.

Compensation to the Independent Auditor

1.	Audit Services

Term

Auditor

Description

Fee

Total Time

3Q 2018

Deloitte Anjin LLC

Closing audit

KRW

1,727 million

—

Interim audit (including internal accounting management system)

—

3Q review

8,821 hours

1H review

8,169 hours

1Q review

4,010 hours

2017

Deloitte Anjin LLC

Closing audit

KRW
1,786 million

15,883 hours

Interim audit (including internal accounting management system)

5,827 hours

3Q review

4,880 hours

1H review

4,061 hours

1Q review

4,020 hours

2016

Deloitte Anjin LLC

Closing audit

KRW
1,561 million

7,515 hours

Interim audit (including internal accounting management system)

4,210 hours

3Q review

4,991 hours

1H review

3,526 hours

1Q review

3,920 hours

2.	Non-Audit Service


Term	Date of Execution of Agreement		Description of Service	Service Term	Fees
3Q 2018		Apr. 16, 2018	Tax adjustment	Each quarter and end of term	KRW 130 million
		Apr. 16, 2018	PCAOB and SOX Auditing	May 1, 2018 ~ April 30, 2019	KRW 1,463 million
		May. 11, 2018	Issuance of GMTN-related comfort letter	May 2018	USD 100,000
		July 30, 2018	Issuance of GMTN-related comfort letter	July 2018 ~ August 2018	USD 44,000
2017		Mar. 15, 2017	Tax adjustment	Each quarter and end of term	KRW 120 million
		Mar. 15, 2017	PCAOB and SOX Auditing	May 1, 2017 ~ April 30, 2018	KRW 1,288 million
		Apr. 28, 2017	Issuance of GMTN-related comfort letter	April 2018	USD 100,000
		May. 28, 2017	Issuance of GMTN-related comfort letter	May 2018	USD 10,000
2016		Mar. 28, 2016	Tax adjustment	Each quarter and end of term	KRW 115 million
		Mar. 28, 2016	PCAOB and SOX Auditing	May 1, 2016 ~ April 30, 2017	KRW 1,127 million
		May. 13, 2016	Issuance of GMTN-related comfort letter	May 2016	USD 100,000
		Sep. 20, 2016	Issuance of GMTN related comfort letter	September 2016	USD 40,000
		Sep. 21, 2016	auditor’s certificate of financial ratios related to submission of documents for approval of internet only bank	September 2016	KRW 4 million

V.	Corporate Governance and Affiliated Companies

1.	About the Board of Directors

Composition of the Board of Directors

The board of directors consists of standing directors, outside directors and non-standing directors. (as of September 30, 2018, the board of directors consists of two standing directors, five outside directors and one non-standing director)

Committees under the Board of Directors

We currently have the following management committees serving under the board of directors:

(a)

Audit Committee

(b)

Board of Directors Management Committee

(c)

Risk Management Committee

(d)

Compensation Committee

(e)

Committee for Recommending Officer Candidates

As of September 30, 2018


Name of Committee	Composition	Names of Members
Audit Committee	Two outside directors, One standing auditor	Sang-Hoon Shin (outside director) Dong-Woo Chang (outside director) Jung-Sik Oh (standing director)

Board of directors management committee	One standing director, Five outside directors One non-standing director	Tae-Seung Sohn (standing director) Sung-Tae Ro (outside director) Sang-Hoon Shin (outside director) Sang-Yong Park (outside director) Zhiping Tian (outside director) Dong-Woo Chang (outside director) Chang-Sik Bae (non-standing director)**

Risk management committee	Three outside directors One non-standing director	Sung-Tae Ro (outside director) Sang-Yong Park (outside director) Zhiping Tian (outside director) Chang-Sik Bae (non-standing director)**

Compensation committee	Five outside directors One non-standing director	Sung-Tae Ro (outside director) Sang-Hoon Shin (outside director) Sang-Yong Park (outside director) Zhiping Tian (outside director) Dong-Woo Chang (outside director) Chang-Sik Bae (non-standing director)**

Committee for recommending officer candidates	One standing director, Five outside directors	Tae-Seung Sohn (standing director) Sung-Tae Ro (outside director) Sang-Hoon Shin (outside director) Sang-Yong Park (outside director) Zhiping Tian (outside director) Dong-Woo Chang (outside director)

*	The chairman of the board of directors and the chairmen and members of the committees were appointed at the 17th extraordinary board of directors’ meeting held on December 22, 2017.

Non-standing director : Kwang-Woo Choi’s tenure expired and Chang-Sik Bae was newly appointed at the Annual General Meeting of shareholders held on March 23, 2018. (Jan. 1, 2018 ~ Mar. 22, 2018 : Kwang-Woo Choi was a member of Board of directors management committee, Risk management committee and Compensation committee )

2.	Affiliated Companies (as of September 30, 2018)

LOGO

VI.

Shareholder Information

1.	Share Distribution

a.	Share Information of the Largest Shareholder and Specially Related Parties


As of September 30, 2018		(units: shares, %)


				Shares Held
				Beginning balance				Ending balance
Name	Relation	Type		Stock		Share		Stock		Share		Notes
KDIC( Korea Deposit Insurance Corporation)	Largest Shareholder		Common		124,604,797		18.43		124,604,797		18.43		—
Total			Common		124,604,797		18.43		124,604,797		18.43		—
			Others		—		—		—		—

Note 1) Refer to ‘b. Changes in the largest shareholder’ for changes in the number and percentage of shares held by the KDIC

b.	Changes in the largest shareholder


As of September 30, 2018		(units: shares, %)

Change of Date

Largest Shareholder

Stock Held

Share

Notes

October 2, 2015

Korea Deposit Insurance Corporation

345,142,556

51.06

Change in the share ownership ratio due to the retirement of shares

December 1, 2016

Korea Deposit Insurance Corporation

239,097,161

35.37

Sale of stake

(Tongyang Life Insurance,

Eugene Asset Management,

Mirae Asset Global Investments, Korea Investment & Securities)

December 8, 2016

Korea Deposit Insurance Corporation

185,017,161

27.37

Sale of stake

(Kiwoom Securities,

Hanwha Life Insurance)

December 14, 2016

Korea Deposit Insurance Corporation

157,977,161

23.37

Sale of stake

( IMM PE)

January 31, 2017

Korea Deposit Insurance Corporation

144,457,161

21.37

Sale of stake

(IMM PE)

May 11, 2017

Korea Deposit Insurance Corporation

143,857,161

21.28

Exercise of Shinhan Investment Corp.’s call option (0.09%)

June 16, 2017

Korea Deposit Insurance Corporation

132,897,007

19.66

Exercise of call option of Employee Stock Ownership Association of Woori Bank (1.62%)

June 22, 2017

Korea Deposit Insurance Corporation

131,697,007

19.48

Exercise of NH Investment & Securities’ call option (0.18%)

June 27, 2017

Korea Deposit Insurance Corporation

130,697,007

19.33

Exercise of NH Investment & Securities’ call option (0.15%)

June 28, 2017

Korea Deposit Insurance Corporation

128,185,796

18.96

Exercise of NH Investment & Securities’ call option ( 0.37%)

July 3, 2017

Korea Deposit Insurance Corporation

126,935,796

18.78

Exercise of Hyosung Capital’s call option (0.18%)

September 28, 2017

Korea Deposit Insurance Corporation

125,205,147

18.52

Exercise of call option of Employee Stock Ownership Association of Woori Bank (0.26%)

December 7, 2017

Korea Deposit Insurance Corporation

124,604,797

18.43

Exercise of call option of Employee Stock Ownership Association of Woori Bank (0.09%)

c.	Share Ownership of More Than 5%


As of September 30, 2018		(units: shares, %)


	Name	Shares				Notes
	Name	No. of shares		Percentage of shareholding		Notes
Share ownership of more than 5%	Korea Deposit Insurance Corporation		124,604,797		18.43		—
	National Pension Service		62,809,267		9.29		Note1	)
	Nobis1, Inc. (IMM PE)		40,560,000		6.00
Employee Stock Ownership Association			38,084,765		5.63		—

Note1) Number of shares of the National Pension Service is as of Dec.31, 2017

2.	Stock Price and Stock Market Performance

a.	Domestic Stock Market


				(units: Won, shares)
Period		April 2018		May 2018		June 2018		July 2018		August 2018		September 2018
Common Stock	High		16,100		15,850		17,100		17,000		17,150		16,900
	Low		13,700		15,200		15,500		16,250		16,100		15,750
	Average		14,895		15,563		16,318		16,614		16,455		16,250
Monthly Trade Volume	High		4,093,280		2,602,486		5,823,952		8,960,634		2,241,052		2,025,893
	Low		1,242,179		725,984		847,627		878,523		735,656		645,286
	Monthly Total		45,951,904		27,919,832		35,615,259		1,916,412		1,275,135		1,118,945

*	Source: KRX KOSPI Market

*	Share prices are based on closing prices.

b.	Foreign Stock Market (NYSE)


		(units: US Dollars, Won, ADRs)
Period		April 2018		May 2018		June 2018		July 2018		August 2018		September 2018
ADR	High		44.72		45.15		47.57		46.37		46.30		45.33
	Low		38.43		42.66		42.64		43.51		42.47		42.44
	Average		41.66		43.77		45.11		44.84		44.11		43.79
Won Conversion	High		48,127		48,762		51,066		51,832		51,759		50,439
	Low		40,966		46,042		47,667		49,118		47,834		47,664
	Average		44,483		47,118		49,292		50,346		49,455		49,068
Monthly Trade Volume	High		24,800		19,900		76,400		60,600		41,900		31,000
	Low		4,800		3,900		6,200		3,900		3,900		2,500
	Monthly Total		256,900		250,600		447,400		418,000		290,100		184,900

*	Source: standard trading rate (daily and monthly average) (Seoul Money Brokerage, www.smbs.biz)

*	One ADR represents three common shares.

*	Share prices are based on closing prices.

VII.

Directors and Employee Information

1.	Directors


As of September 30, 2018		(units: shares)

Position

Name

Common
Stock Owned

Term
Commencement Date

Expiration of Term

President and CEO

Registered

Tae-Seung Sohn

15,296

December 22, 2017 ~

December 21, 2020

Standing Member of

Audit Committee

Registered

Jung-Sik Oh

5,000

March 24, 2017 ~

Note 1)

Outside Director

Registered

Sung-Tae Ro

5,000

December 30, 2016 ~

December 30, 2018

Outside Director

Registered

Sang-Hoon Shin

15,000

December 30, 2016 ~

December 30, 2018

Outside Director

Registered

Sang-Yong Park

1,000

December 30, 2016 ~

December 30, 2018

Outside Director

Registered

Zhiping Tian

—

December 30, 2016 ~

December 30, 2018

Outside Director

Registered

Dong-Woo Chang

—

December 30, 2016 ~

December 30, 2018

Non-standing Director

Registered

Chang-Sik Bae

—

March 23, 2018 ~

Note 2)

Executive Vice President

Non-Registered

An-Ho Jang

—

December 22, 2017 ~

December 8, 2018

Executive Vice President

Non-Registered

Woon-Haeng Cho

—

December 22, 2017 ~

December 8, 2018

Executive Vice President

Non-Registered

Seong-Il Park

—

February 3, 2017 ~

December 3, 2019

Executive Vice President

Non-Registered

Sun-Kyu Kim

—

February 3, 2017 ~

December 8, 2018

Executive Vice President

Non-Registered

Yeong-Bae Kim

—

December 22, 2017 ~

December 8, 2018

Executive Vice President

Non-Registered

Jeong-Jin Heo

—

December 22, 2017 ~

December 8, 2018

Executive Vice President

Non-Registered

Dong-Yeon Lee

9,000

December 22, 2017 ~

December 8, 2018

Executive Vice President

Non-Registered

Hyun-Poong Hong

—

December 22, 2017 ~

December 8, 2018

Executive Vice President

Non-Registered

Chai-Pong Cheong

—

December 22, 2017 ~

December 8, 2018

Executive Vice President

Non-Registered

Chang-Jae Lee

—

December 22, 2017 ~

December 8, 2018

Executive Vice President

Non-Registered

Jeong-Ki Kim

—

December 22, 2017 ~

December 8, 2018

Managing Director

Non-Registered

Tae-Joong Ha

—

February 3, 2017 ~

December 8, 2018

Managing Director

Non-Registered

Jong-In Lee

—

February 3, 2017 ~

December 3, 2019

Managing Director

Non-Registered

Won-Duk Lee

2,000

February 3, 2017 ~

December 8, 2018

Managing Director

Non-Registered

Hong-Sik Choi

—

December 22, 2017 ~

December 8, 2019

Managing Director

Non-Registered

Su-Hyeong Cho

—

December 22, 2017 ~

December 8, 2019

Managing Director

Non-Registered

Hwa-Jae Park

2,000

December 22, 2017 ~

December 8, 2019

Managing Director

Non-Registered

Myung-Hyuk Shin

1,000

December 22, 2017 ~

December 8, 2019

Managing Director

Non-Registered

Dong-Su Choi

—

December 22, 2017 ~

December 8, 2019

Managing Director

Non-Registered

Jong-Suk Jeong

5,005

December 22, 2017 ~

December 8, 2019

Managing Director

Non-Registered

Kyong-Hoon Park

—

December 22, 2017 ~

December 8, 2019

Managing Director

Non-Registered

Jong-Deuk Kim

2,000

December 22, 2017 ~

December 8, 2019

Managing Director

Non-Registered

Dae-Jin Lee

—

February 3, 2017 ~

December 8, 2018

Note 1) The end of the annual general meeting of shareholders to be held in March 2019

Note 2) The end of the annual general meeting of shareholders to be held in March 2020

Note 3) Common stock owned by executives exclude stocks owned through the Employee Stock Ownership Association

Note 4) Term Commencement Date: The date of inauguration for registered directors, the date of appointment for non-registered directors

2.	Employee Status


As of September 30, 2018		(units: persons, millions of Won)

Number of Employees

Average
Tenure
Years

Total
Compensation

Average
Compensation
Per Person

Note

Regular

Contract

Total

(Short time
worker)

Total

(Short time
worker)

Total

14,214

281

740

183

14,954

16.7

1,093,997

—

*	Average years of continuous service excludes contract employees and locally hired employees overseas.

*	Excludes management salaries (sales center head or higher) and overseas salaries.

*	When excluding amount decided in 2017 and paid in 2018 1Q, cumulative compensation is KRW 1,000,301 million (average compensation per person is KRW 67 million)

3.	Directors’ Compensation


As of September 30, 2018		(units: persons, millions of Won)


Items	Number of Persons		Total Compensation		Average Compensation Per Director		Note
Registered Directors (excludes outside directors and audit committee members)		3		681		227		—
Outside Directors (excludes audit committee members)		3		135		45		—
Audit Committee Members		3		401		134		—

Total		9		1,217		135

*	Number of persons: includes the outside directors and audit committee members that resigned in 2018 (as of September 30, 2018, there are two registered directors, three outside directors and three members of the Audit Committee)

*	There is no compensation paid to the non-standing director from the KDIC, who has been excluded from number of persons

*	Total compensation: cumulative amount paid from January to September of 2018

VIII.

Related Party Transactions

Extensions of Credit to Major Shareholders, Etc.


As of September 30, 2018		(unit: millions of Won)


Name	Item	Current Balance		Origination Date	Maturity Date
Korea Deposit Insurance Corporation	Loans		250,000	August 29, 2016	August 28, 2018
	Loans		500,000	August 29, 2016	August 28, 2019
	Bonds		29,999	January 22, 2013, etc.	January 22, 2018, etc. *
Woori Investment Bank	Loans		25,000	March 10, 2016	March 4, 2019
Woori Investment Bank	CMA		100,000	July 1, 2017	June 30, 2018
Woori Card	Loans		100,000	March 2, 2018	March 4, 2019
Woori P&S	Loans		12,000	May 25, 2016	May 25, 2026
Woori P&S	Loans		600	November 28, 2017	November 28, 2018

*	repaid at maturity.

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 Bank
		(Registrant)

Date: November 14, 2018		By: /s/ Won Duk Lee
		(Signature)
		Name : Won Duk Lee
		Title : Managing Director