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 2016
Woori Bank
(Translation of registrant’s name into English)
51, Sogong-ro, Jung-gu, Seoul, 04632, Korea
(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 ☒ 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.
Appointment and Resignation of Outside Directors and Audit Committee Members
Woori Bank announced the appointment and resignation of its outside directors and audit committee members on December 30, 2016 as follows:
* Current status of the directors following the appointments/resignations
1) Total number of directors: eight
2) Total number of outside directors: five
* Current status of the Audit Committee members following the appointments/resignations
1) Total number of Audit Committee members who are outside directors: two
2) Total number of Audit Committee members who are not outside directors: one (standing director)
– Resignation of Outside Directors
| Name |
Beginning Date of Tenure |
Ending Date of Tenure |
Date of Resignation | |||
| Il-Hwa Hong |
March 27, 2015 | March 27, 2017 | December 30, 2016 | |||
| Hesuk Chun |
March 27, 2015 | March 27, 2017 | December 30, 2016 | |||
| Han-Gi Jung |
March 27, 2015 | March 27, 2017 | December 30, 2016 | |||
| Ho-Geun Lee |
March 25, 2016 | March 25, 2018 | December 30, 2016 | |||
| Sungsoo Koh |
March 27, 2015 | March 27, 2017 | December 30, 2016 | |||
| Sung-Yong Kim |
March 25, 2016 | March 25, 2018 | December 30, 2016 | |||
– Resignation of Audit Committee Members
| Name |
Beginning Date of Tenure |
Ending Date of Tenure |
Date of Resignation | |||
| Hesuk Chun |
March 27, 2015 | March 27, 2017 | December 30, 2016 | |||
| Sungsoo Koh |
March 27, 2015 | March 27, 2017 | December 30, 2016 | |||
| Sung-Yong Kim |
March 25, 2016 | March 25, 2018 | December 30, 2016 | |||
– Appointment of Outside Directors
| Name |
Term |
Appointment | Career Background | |||
| Sung-Tae Ro | From Dec. 30, 2016 to Dec. 30, 2018 | New Appointment |
- President, Korea Economic Research Institute
- President, Hanwha Life Economic Research Institute | |||
| Sang-Hoon Shin | From Dec. 30, 2016 to Dec. 30, 2018 | New Appointment |
- President & CEO, Shinhan Financial Group
- Visiting Professor, School of Business, Sungkyunkwan University | |||
| Sang-Yong Park | From Dec. 30, 2016 to Dec. 30, 2018 | New Appointment |
- Chairman, Public Fund Oversight Committee
- Current) Honorary Professor, School of Business, Yonsei University | |||
| Zhiping Tian | From Dec. 30, 2016 to Dec. 30, 2018 | New Appointment |
- Director-General Manager, Industrial and Commercial Bank of China (“ICBC”) Middle East Limited / ICBC London Limited
- Vice President, ICBC, Branch of Sichuan Province
- Current) Vice General Manager, China Fellow Partners Limited | |||
| Dong-Woo Chang | From Dec. 30, 2016 to Dec. 30, 2018 | New Appointment |
- Representative Partner, IMM Investment Management
- Current) CEO, IMM Investment Corp. | |||
– Appointment of Audit Committee Members
| Name |
Term |
Appointment | ||
| Sang-Hoon Shin
Dong-Woo Chang |
Until Dec. 30, 2018
Until Dec. 30, 2018 |
New Appointment
New Appointment |
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 Bank | ||||||
| (Registrant) | ||||||
| Date: December 30, 2016 | By: /s/ Kwang-Seok Kwon | |||||
| (Signature) | ||||||
| Name: Kwang-Seok Kwon | ||||||
| Title: Managing Director | ||||||