All posts tagged Korea financial industry consolidation
Goldman Sachs sells stake in Hana Financial Group
Goldman Sachs reduced its stake in Hana Financial Group, the country’s fourth-largest financial company, causing a fall in the share price of Hana yesterday, reported various news services Friday.
Hana Financial spokesman Lee Jung Dae announced that Goldman Sachs sold 7.5 million …
Merger may trigger consolidation in Korea’s IB industry
Bloomberg has reported that South Korea’s Financial Services Commission is considering merging Daewoo Securities Co. and Woori Investment & Securities Co., a move which could trigger widespread consolidation
Interview with KDB Chairman Euoo Sung Min
The October issue of the Invest KOREA Journal asks Korea Development Bank Chairman and CEO Euoo Sung Min his opinions on the future direction of his organization and
Korean savings banks up for sale
A number of South Korean saving banks, such as, Jungang Busan Mutual Bank, Samhwa, Prime Savings Bank and Suil, are up for sale, the Korea Economic
Government delays Woori Finance sale announcement
The South Korean government has confirmed that it has delayed the sale announcement for Woori Finance, the listed South Korean financial firm, until after mid-July, E-Daily reported on
KDB president opposes domestic bank mergers
The president of state-run Korea Development Bank (KDB), which is seeking to privatize a controlling stake in Woori Finance, is not in favor of mergers between local banks,
Hana Financial prepares for possible M&A
South Korean Hana Financial has raised a total cash reserve of KRW 2tn (USD 1.64bn) which can be used for potential M&A, reported Asia Today. The report, which cited
KB Financial president-nominee seeks diversification
The nominee for president of KB Financial would consider buying only the non-banking unit of Woori Finance, not the whole group, reported the Seoul Economic Daily. The report cited
Korean ‘mega-bank’ debate reopens
The soon to be appointed new head of KB Financial, has reignited speculation on the government's plan to create a Korean 'mega-bank', at a time when other global
Government considering splitting Woori Finance stake
The South Korean government is considering splitting its stake in listed Woori Finance into small pieces in order to sell them separately, reported Yonhap News. The report cited a
