Korea Deposit Insurance Corporation (KDIC), the state-run financial services company, is seeking to sell Yes Savings Bank, according to Korea Economic Daily.
Yes Savings is a South Korea-based lender, with assets valued at KRW 410bn (USD 362m).
The unsourced report, published on Friday, 12 March, claimed KDIC had already received letters of intent from six potential buyers but the report did not mention their names.
Yes Savings has earlier received bailout funds from KDIC and completed its restructuring, the report said.
(Source: Korea Economic Daily)
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