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 December 2003
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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 [_]
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): ____
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): ____
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]
Stock Cancellation of Woori Card Common Shares
Woori Finance Holdings Co., Ltd. has decided to carry out a stock cancellation
without consideration with respect to the shares of common stock of Woori Card.
Key Details of Stock Cancellation
No. of shares for cancellation : Out of a total 402,600,000 shares (100% owned
by Woori Finance Holdings), 380,000,000 shares (1.9 trillion Won based on face
value of 5,000 Won)
Date of cancellation : Within December of this year
Reason for cancellation : To offset Woori Card's accumulated deficit
The resolution passed by the Board of Directors of Woori Finance Holdings does
not imply any legal effectiveness for the stock cancellation of Woori Card
shares. A Board of Directors' and General Shareholders' meeting resolutions by
Woori Card are required to confirm the implementation of the stock cancellation.
Disclosure will be made in the future for any resolutions made by Woori Card's
Board of Directors in relation to this matter.
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: December 4, 2003 By: /s/ Won Gihl Sohn
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(Signature)
Name: Won Gihl Sohn
Title: Managing Director