All posts tagged KDIC
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 …
Hana and Kiwoom to bid for suspended savings banks
Maeil Business News has reported that South Korea’s Hana Financial Group and Kiwoom Securities are to bid to buy Jeil 2 Savings Bank and ACE Savings Bank, two
Government to acquire three suspended savings banks
South Korea’s Maeil Business News has reported that the government has plans to purchase three currently suspended savings banks, Daejeon, Jeonju and Bohae savings, as several attempts to
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
3 PEFs bid for Woori Financial
Various news sources have reported that the Korea Deposit Insurance Corp. has received three LOIs for the sale of at least a 30 percent stake in Woori Finance
Daishin Securities wins savings banks package
Yonhap News has reported that the Korea Deposit Insurance Corp. (KDIC) has chosen mid-sized brokerage house Daishin Securities Co. as the preferred bidder for the package of three
KDIC receives bids for savings banks packages
The JoongAng Daily has reported that on June 24, the Korea Deposit Insurance Corp. (KDIC) received five bids for the acquisition of the savings bank package containing Jungang
Regulators act to ease restrictions for Woori Finance sale
According to Yonhap News, financial regulators announced on May 30 that they are trying to get regulatory revision to allow financial holding companies to buy a controlling stake
KDIC starts bidding process for 9 savings banks
According to MK Business News, The Korea Deposit Insurance Corporation (KDIC) disclosed on May 9 that it will begin announcing the bidding process for seven defunct savings banks
Seven suspended savings banks to be Sold
MK Business News has published that the head of Korea Deposit Insurance Corporation has declared that 7 South Korean savings banks whose operations have been halted be subject
