Unassociated Document
 
As filed with the Securities and Exchange Commission on October 15, 2014
  
Registration No. 333  -   
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
                                                                                      
 
FORM F-6
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933 FOR AMERICAN DEPOSITARY SHARES EVIDENCED BY
AMERICAN DEPOSITARY RECEIPTS
                          
 
Woori Bank
(Exact name of issuer of deposited securities as specified in its charter)
                          
 
N/A
(Translation of issuer’s name into English)
                          
 
The Republic of Korea
(Jurisdiction of incorporation or organization of issuer)
                                                                                     
 
CITIBANK, N.A.
(Exact name of depositary as specified in its charter)
                           
 
399 Park Avenue
New York, New York 10043
(877) 248-4237
(Address, including zip code, and telephone number, including area code, of depositary’s principal executive offices)
                          
 
Woori Bank New York Agency
245 Park Avenue, 43st Floor
New York, NY 10043
(212) 949-1900
 (Address, including zip code, and telephone number, including area code, of agent for service)
                                                                                     
 
Copies to:
 
Yong G. Lee, Esq.
Cleary, Gottlieb, Steen & Hamilton LLP
Foreign Legal Consultant Office
19F, Ferrum Tower
19, Eulji-ro 5-gil, Jung-gu
Seoul 100-210, Korea
+82 2 6353 8010
 
  
Herman H. Raspé, Esq.
Patterson Belknap Webb & Tyler LLP
1133 Avenue of the Americas
New York, New York 10036
(212) 336-2301
                                                                                     
 
It is proposed that this filing become effective under Rule 466:
 
 o   immediately upon filing.
     
   
 o   on (Date) at (Time).
 
If a separate registration statement has been filed to register the deposited shares, check the following box :  x
 
CALCULATION OF REGISTRATION FEE
Title of Each Class of
Securities to be Registered
Amount to be
Registered
Proposed Maximum
Aggregate Price Per Unit*
Proposed Maximum
Aggregate Offering Price**
Amount of
Registration Fee
American Depositary Shares (“ADSs”), each ADS representing three (3) common shares of Woori Bank
100,000,000 American
Depositary Shares
$5.00
$5,000,000.00
$581.00
 
*
Each unit represents 100 American Depositary Shares.
 
**
Estimated solely for the purpose of calculating the registration fee.  Pursuant to Rule 457(k), such estimate is computed on the basis of the maximum aggregate fees or charges to be imposed in connection with the issuance of American Depositary Shares.
The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, or until this Registration Statement shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine.
 
 
 
 
 
 
This Registration Statement may be executed in any number of counterparts, each of which shall be deemed an original, and all of such counterparts together shall constitute one and the same instrument.
 
 
 
ii
 
 
PART I
 
INFORMATION REQUIRED IN PROSPECTUS
 
Cross Reference Sheet
 
Item 1.  DESCRIPTION OF SECURITIES TO BE REGISTERED
 
Item Number and Caption  
Location in Form of American
Depositary Receipt (“Receipt”)
Filed Herewith as Prospectus
       
1.   
Name of Depositary and address of its principal executive office
  
Face of Receipt -  Introductory Article and final sentence on face.
         
2.
Title of Receipts and identity of deposited securities
  
Face of Receipt  - Top Center.
     
Terms of Deposit:
    
         
  (i)      
The amount of deposited securities represented by one American Depositary Share ("ADS")
  
Face of Receipt  - Upper right corner.
         
  (ii)
The procedure for voting, if any, the deposited securities
  
Reverse of Receipt  - Paragraphs (13) and (14).
         
  (iii)
The collection and distribution of dividends
  
Reverse of Receipt - Paragraph (12).
         
  (iv)
The transmission of notices, reports and proxy soliciting material
  
Reverse of Receipt Paragraphs (13) and (16).
         
  (v)
The sale or exercise of rights
  
Reverse of Receipt – Paragraphs (12) and (13).
         
  (vi)
The deposit or sale of securities resulting from dividends, splits or plans of reorganization
  
Face of Receipt - Paragraph (3);
Reverse of Receipt - Paragraphs (12) and (15).
         
  (vii)
Amendment, extension or termination of the deposit agreement
  
Reverse of Receipt - Paragraphs (21) and (22) (no provision for extensions).
         
 
 
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  (viii)    Rights of holders of Receipts to inspect the transfer books of the Depositary and the list of holders of ADSs  
Reverse of Receipt - Paragraph (16).
         
  (ix)  
Restrictions upon the right to deposit or withdraw the underlying securities
  
Face of Receipt – Paragraphs (2), (3), (4) and (5).
Reverse of Receipt - Paragraphs (7) and (10).
         
  (x)
Limitation upon the liability of the Depositary
  
Face of Receipt - Paragraph (5);
Reverse of Receipt - Paragraphs (8), (15), (18) and (22).
         
3.  
Fees and charges which may be imposed directly or indirectly on holders of ADSs
  
Reverse of Receipt - Paragraph (7).
       
Item 2. AVAILABLE INFORMATION
  
Reverse of Receipt - Paragraph (11).
 
The Company is subject to the periodic reporting requirements of the United States Securities Exchange Act of 1934, as amended, and, accordingly, files certain reports with, and furnishes certain reports to, the United States Securities and Exchange Commission (the “Commission”).  These reports can be retrieved from the Commission’s internet website (www.sec.gov), and can be inspected and copied at the public reference facilities maintained by the Commission located (as of the date of the Deposit Agreement) at 100 F Street, N.E., Washington, D.C. 20549.
 
 
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PROSPECTUS
 
The Prospectus consists of the proposed form of American Depositary Receipt included as Exhibit A to the Form of Deposit Agreement filed as Exhibit (a) to this Registration Statement on Form F-6 and is incorporated herein by reference.
 
 
 
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PART II
 
INFORMATION NOT REQUIRED IN PROSPECTUS
 
Item 3.  EXHIBITS
 
 
(a)
Form of Deposit Agreement, by and among Woori Bank (the “Company”), Citibank, N.A., as depositary (the “Depositary”), and all Holders and Beneficial Owners of American Depositary Shares issued thereunder (“Deposit Agreement”).  ___ Filed herewith as Exhibit (a).
 
 
(b)
Any other agreement to which the Depositary is a party relating to the issuance of the American Depositary Shares registered hereunder or the custody of the deposited securities represented thereby.  ___ None.
 
 
(c)
Every material contract relating to the deposited securities between the Depositary and the issuer of the deposited securities in effect at any time within the last three years.  ___ None.
 
 
(d)
Opinion of counsel for the Depositary as to the legality of the securities to be registered.  ___ Filed herewith as Exhibit (d).
 
 
(e)
Certificate under Rule 466.  ___ None.
 
 
(f)
Powers of Attorney for certain officers and directors and the authorized representative of the Company.  ___ Set forth on the signature pages hereto.
 
 
 
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Item 4.  UNDERTAKINGS
 
 
(a)
The Depositary hereby undertakes to make available at the principal office of the Depositary in the United States, for inspection by holders of ADSs, any reports and communications received from the issuer of the deposited securities which are both (1) received by the Depositary as the holder of the deposited securities, and (2) made generally available to the holders of the underlying securities by the issuer.
 
 
(b)
If the amount of fees charged is not disclosed in the prospectus, the Depositary undertakes to prepare a separate document stating the amount of any fee charged and describing the service for which it is charged and to deliver promptly a copy of such fee schedule without charge to anyone upon request.  The Depositary undertakes to notify each registered holder of an ADS thirty (30) days before any change in the fee schedule.
 
 
 
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SIGNATURES
 
Pursuant to the requirements of the Securities Act of 1933, as amended, Citibank, N.A., acting solely on behalf of the legal entity to be created by the Deposit Agreement, by and among Woori Bank, Citibank, N.A., as depositary, and all Holders and Beneficial Owners of American Depositary Shares to be issued thereunder, certifies that it has reasonable grounds to believe that all the requirements for filing on Form F-6 are met and has duly caused this Registration Statement on Form F-6 to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on the 15th day of October, 2014.
 
 
Legal entity to be created by the Deposit Agreement under which the American Depositary Shares registered hereunder are to be issued, each American Depositary Share representing three (3) common shares of Woori Bank
 
CITIBANK, N.A., solely in its capacity as Depositary
  
       
 
By:
/s/ Keith Galfo  
   
Name: Keith Galfo
  
   
Title:   Vice President
  
       
 
 
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SIGNATURES
 
Pursuant to the requirements of the Securities Act of 1933, Woori Bank has caused this Registration Statement to be signed on its behalf by the undersigned thereunto duly authorized, in Seoul, South Korea, on October ­­­15, 2014.
   
 
WOORI BANK
  
       
 
By:
/s/ Soon-Woo Lee  
   
Name: Soon-Woo Lee
  
   
Title: President and Chief Executive Officer
  
       
 
Each person whose signature appears below hereby constitutes and appoints Soon-Woo Lee, Ki-Myung Nam and Sung-Wook Lee, and each of them severally, his true and lawful attorney-in-fact with power of substitution and resubstitution to sign in his name, place and stead in any and all capacities the Registration Statement and any and all amendments thereto (including post-effective amendments) and any documents in connection therewith, and to file the same with the Securities and Exchange Commission, granting unto each of said attorneys full power to act with or without the other, and full power and authority to do and perform, in his name and on his behalf, every act whatsoever which such attorneys, or any one of them, may deem necessary or desirable to be done in connection therewith as fully and to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact, or any of them, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities indicated on October 15, 2014.
 
Name
  
Title
     
/s/ Soon-Woo Lee
  
Director, President and Chief Executive Officer
Soon-Woo Lee
    
     
/s/ Dong-Gun Lee
  
Deputy President
Dong-Gun Lee
    
     
/s/ Ki-Myung Nam
  
Executive Vice President, Chief Financial Officer
Ki-Myung Nam
   and Chief Accounting Officer
     
/s/ Soon-Jae Hong
  
Woori Bank New York Agency
Soon-Jae Hong
  
Authorized Representative in the United States
     
     
 
 
II-4
 
 
/s/ Sang-Keun Oh
  
Outside Director
Sang-Keun Oh
    
     
/s/ Kang-Shik Choi
  
Outside Director
Kang-Shik Choi
    
     
/s/ Seong-Yeal Lim
  
Outside Director
Seong-Yeal Lim
    
     
/s/ Min Chang
  
Outside Director
Min Chang
    
 
 
II-5
 
 
 
Index to Exhibits
 
Exhibit
Document
Sequentially
Numbered Page
     
(a)
Form of Deposit Agreement
  
     
(d)
Opinion of counsel to the Depositary