Neither public opinion nor local bias will affect Lone Star's sale of their 51% stake in Korea Exchange Bank, according to Korea's Financial Services Commission.
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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...
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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 government reaffirmed their deregulation stance, at a forum in Seoul where government officials, private economists and CEOs discussed future strategies for the nation’s financial industry, according to this Korean article...
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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 head of South Korea’s Financial Services Commission, who said such a move would make it easier to sell the Woori Finance stake, and help increase...
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