Woori Financial Group Inc. (NYSE:WF) is one of the best Korean stocks to buy. On March 4, Woori Financial Group Inc. (NYSE:WF) submitted its audited financial statements for fiscal year 2025 to the SEC via a Form 6-K filing. The company said the statements were prepared under the International Financial Reporting Standards as adopted in South Korea, or K-IFRS, and cover consolidated and separate financials.
Source: Pixabay
According to the filing, external auditors issued an unmodified opinion on both the group’s 2025 and 2024 consolidated financial statements. They took the same stance on the company’s internal controls over financial reporting. In other words, the auditors found the financials to be a fair and accurate representation of the company’s position.
In the financial statements, Woori stated that at the group level, total assets surged to KRW 601.5 trillion from KRW 525.8 trillion in 2024. The company explained that the growth was driven by loan growth, an expanded securities portfolio, and the July 2025 consolidation of two newly acquired insurance subsidiaries. Net income came in at KRW 3.23 trillion, which was broadly flat year over year, the statements show. At the same time, credit loss provisions stood at KRW 3.36 trillion as measured under the expected credit loss model.
The statements also show that at the subsidiary level, Woori Bank, the group’s wholly-owned banking arm, saw its net income fall to KRW 2.58 trillion from KRW 3.05 trillion in 2024. The decline was due to rising credit costs and higher expenses weighing down on the income, the firm explained.
Woori Financial Group Inc. (NYSE:WF) is a financial holding company in South Korea. It provides banking, credit card, securities, and asset management services through its subsidiaries. The company generates revenue from deposits, loans, investment products, and financial advisory services.
While we acknowledge the potential of WF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.
Disclosure: None. Follow Insider Monkey on Google News.