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 2004
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Woori Finance Holdings Co., Ltd.
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(Translation of registrant's name into English)
203, Hoehyon-dong, 1-ga, Chung-gu, Seoul, Korea
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(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 X Form 40-F
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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):
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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):
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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 No X
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Exhibit 99.1
Issue of Foreign Denominated Subordinated Bonds by Woori Bank
Woori Bank, a wholly owned subsidiary of Woori Finance Holdings, issued US$400
million of subordinated bonds.
Key Details
. Issue Amount: US$400,000,000.00 (KRW464,280,000,000*)
* The foreign exchange rate of KRW1,160 to US$1 was applied.
. Issue Type: Private Placement
. Coupon Rate: 5.75%
. Yield to Maturity: 5.812%
. Maturity Date: March 13, 2014 (bullet payment)
. Call Option: March 13, 2009
. Closing Date: February 13, 2004
. Arrangers: CSFB, JP Morgan, Merrill Lynch
Exhibit 99.2
Woori Bank Dividend Payment Adjustment
Woori Bank, a wholly owned subsidiary of Woori Finance Holdings, adjusted its
dividend payment to Woori Finance Holdings.
Key Details
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(Unit: millions of KRW)
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Items Original Adjustment
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Dividend per share 1,017 1,087
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Dividend Amount (2nd Half) 199,699 239,638
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Dividend Amount (Full Year) 580,080 620,019
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Dividend Ratio 20.34% 21.74
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. Reference Disclosure Date: February 6, 2004
Exhibit 99.3
Debt-to-Equity Conversion for LG Card by Woori Bank
Woori Bank, a wholly owned subsidiary of Woori Finance Holdings, expects
complete a debt-to-equity conversion of KRW351.8 billion in relation to LG Card.
Key Details
. Debt-to-Equity Conversion Details
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Items Details
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Total Investment Amount KRW351,800,000,000
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Number of Common Shares 70,360,000,000 Shares
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Shareholding 10.3%
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- Phase 1 : KRW 88.1 billion (Feb. 13, 2004)
- Phase 2 : KRW 88.1 billion (tentative)
- Phase 3 : KRW 175.6 billion (tentative)
*The amounts relating to Phases 1 and 2 are tentative and may be subject to
change due to adjustments in the timing and amount of the rescue plan
agreed upon by LG Card's creditors.
. LG Card Details
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Items Details
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Aggregate Book Value of Common Shares* KRW785,985,000,000
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No. of Outstanding Common Shares 157,197,000 Shares
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* Assumes KRW5,000 par value
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.
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(Registrant)
Date: February 13, 2004 By: /s/ Won Gihl Sohn
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(Signature)
Name: Won Gihl Sohn
Title: Managing Director