WF · Woori Financial Group Inc.

This asset revaluation reflects a strategic accounting action under K-IFRS to align land values with fair market value, directly impacting balance sheet strength and capital ratios. The KRW 2.4685 trillion uplift in land value constitutes 0.40% of total assets, indicating a targeted, non-operational enhancement rather than broad-based financial transformation. While the revaluation boosts equity by KRW 1.7919 billion, the associated KRW 676.6 billion deferred tax liability partially offsets that benefit, and the resulting revaluation surplus is statutorily non-distributable — limiting near-term implications for shareholder returns. All figures remain provisional pending external audit, introducing execution risk around final recognition. For investors, this event signals management’s focus on optimizing regulatory capital metrics and improving reported solvency ratios, but it does not reflect operating performance, cash generation, or changes in credit quality or business strategy.