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 February 2010
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 þ          Form 40-F o
     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): o
     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): o
     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 o          No þ
 
 

 


 

Woori Finance Holdings’ Preliminary Financial Performance Figures
for the Year Ended December 31, 2009
The preliminary financial performance figures for Woori Finance Holdings Co., Ltd. (“Woori Finance Holdings”) for the year ended December 31, 2009, on a consolidated basis, are as follows.
(Units: millions of KRW, %)
                                                 
                            % Change           % Change
                            Increase           Increase
Item   4Q 2009   3Q 2009   (Decrease)   4Q 2008   (Decrease)
Revenue
  Specified Quarter     8,263,589       11,033,694       (25.11 )     39,081,393       (78.86 )
 
Cumulative Basis     54,123,457       45,859,868             86,901,260       (37.72 )
Operating Income
  Specified Quarter     190,489       503,573       (62.17 )     (587,853 )     N/M *
 
Cumulative Basis     1,383,258       1,192,769             1,115,659       23.99  
Income before Income Tax Expense
  Specified Quarter     117,251       708,506       (83.45 )     (606,327 )     N/M *
 
Cumulative Basis     1,459,815       1,342,564             1,190,400       22.63  
Net Income
  Specified Quarter     156,778       483,847       (67.60 )     (666,791 )     N/M *
 
Cumulative Basis     1,026,024       869,246             454,478       125.76  
 
*   N/M = Not meaningful
The figures above are subject to adjustment as they are interim numbers 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, 2009
The preliminary financial performance figures for Woori Bank, a wholly-owned subsidiary of Woori Finance Holdings, for the year ended December 31, 2009, on a non-consolidated basis, are as follows.
(Units: millions of KRW, %)
                                                 
                            % Change           % Change
                            Increase           Increase
Item   4Q 2009   3Q 2009   (Decrease)   4Q 2008   (Decrease)
Revenue
  Specified Quarter     6,392,494       8,266,889       (22.67 )     34,779,989       (81.62 )
 
Cumulative Basis     43,951,956       37,871,435             74,901,318       (41.32 )
Operating Income
  Specified Quarter     275,883       371,291       (25.70 )     (658,760 )     N/M *
 
Cumulative Basis     1,034,804       758,921             475,286       117.72  
Income before Income Tax Expense
  Specified Quarter     263,772       529,627       (50.20 )     (665,625 )     N/M *
 
Cumulative Basis     1,188,915       925,143             582,163       104.22  
Net Income
  Specified Quarter     204,037       411,016       (50.36 )     (691,137 )     N/M *
 
Cumulative Basis     953,830       749,793             233,976       307.66  
 
*   N/M = Not meaningful
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 10, 2010  By:   /s/ Woo Seok Seong    
  (Signature)   
  Name:   Woo Seok Seong   
  Title:   General Manager   

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