The South Korean government is planning to pick a financial advisor who will assist in the sale of a stake in Jeju Bank, reported Yonhap News.
The report, which cited information from the state-run Financial Services Commission, stated that the Public Fund Oversight Committee decided yesterday to sell a 21.43% stake in the listed South Korean lender.
The government holds the stake through Korea Deposit Insurance, which would evaluate the stake sale through stock market trading as an option until a financial advisor is mandated.
(Source: Yonhap News)
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