PropertyApr 26, 2026, 05:22 AM
WF Revalues Land Assets, Adding KRW 2.47T to Assets
AI Summary
Woori Financial Group Inc. revalued 318 land parcels to reflect fair value under K-IFRS, aiming to improve its financial structure. This revaluation, effective March 31, 2026, resulted in a KRW 2.47 trillion increase in land assets and a KRW 1.79 trillion increase in equity through a revaluation surplus. The revaluation difference represents 0.40% of total assets.
Key Highlights
- Revalued 318 land parcels to reflect fair value per K-IFRS.
- Revaluation difference for land properties: KRW 2,468.5 billion.
- Increase in total assets: KRW 2,468.5 billion.
- Increase in equity (revaluation surplus): KRW 1,791.9 billion.
- Deferred tax liabilities increased by KRW 676.6 billion.
- Revaluation difference represents 0.40% of total assets.