All posts tagged FSC
Hana Financial named preferred bidder for suspended savings banks
Yonhap News Agency has reported that the Korea Deposit Insurance Corp. has selected Hana Financial Group Inc. as the prime bidder for the package sale of two local savings banks, Jeil 2 Savings Bank and Ace Mutual Savings Bank, which …
The past and future of IFRS in Korea
With the end of 2011, we are reaching the 1st anniversary of the official adoption of International Financial Reporting Standards (IFRS) for publicly listed Korean companies. To mark
KDIC sells stake in Shinhan Financial
According to Yonhap News, the Korea Deposit Insurance Corporation (KDIC) said on July 8 that it has sold its remaining 0.61 percent stake (2.9 million shares) in Shinhan
FSC ousts KDB from Woori sale
Several local news media outlets have published headlines stating that the FSC has publically announced that KDB will not be allowed to bid for the 56.97 percent share
Number of Korean PEFs grows to 148
Maeil Business News has reported that private equity funds (PEFs), first introduced in South Korea through the nation’s revised Indirect Investment Asset Management Business Act in December 2004,
Public opinion not an issue in KEB sale, according to the FSC
Neither public opinion nor a local bias will affect Lone Star's sale of their 51% stake in Korea Exchange Bank, according to Korea's Financial Services Commission. FSC: "Public Hostility
Jeju Bank: Financial advisor to be picked soon for sale of 21.43% stake
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
Korean Gov. committed to financial deregulation
The Korean government will continue to deregulate the financial sector to promote growth, despite the recent U.S. move to tighten banking rules, according to top Korean government officials. The
Woori Finance could be merged prior to privatisation
Woori Finance could be merged with another financial services firm before the government divests its stake in it, Maeil Business reported here (Korean). The report cited Jin Dong-su, the
