KT has no intention of acquiring Woori stake

KT, the listed South Korean telco, has no plan to acquire a stake in Woori Finance, the listed South Korean financial firm, Edaily reported, citing vice president Kim Il-young.

Kim told the paper in an interview yesterday that KT has not received any official request to buy a stake in Woori and also has no intention of buying a stake in Woori.

KT was earlier reported to have received a request from Woori Finance to acquire a partial stake from its largest shareholder, Korea Deposit Insurance Corporation.

Source: Edaily (translated)

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