All posts tagged Korea financial industry deregulation
Jeju Bank’s largest shareholder Shinhan Financial could acquire 21.43% stake
Shinhan Financial, the listed South Korean financial firm, was rumored to be a potential buyer for the Jeju Bank stake held by South Korean government, the E-Today reported.
Jeju Bank is a listed South Korea-based lender, in which the South Korean …
Interest grows as Korea’s first SPAC transaction draws closer
With last weeks approvals for Hyundai Securities and Tong Yang securities to respectively list a SPAC, interest is growing as Korea gets closer to its first such transaction. Towards
FSC Chairman talks globalization, deregulation, & privatization
In an interview with Maeil Business Newspaper, Financial Services Commission (FSC) Chairman Chin Dong-soo, talked about ways to improve the global competitiveness of South Korean financial institutions and
Woori Privatization Update: Subsidiaries may be put up for sale
Kyongnam Bank and Kwangju Bank, the unlisted subsidiaries of Woori Financial, may be put up for sale during the privatization process, reported the Korea Economic Daily. The unsourced report
Woori Privatization Update: KB Financial possible merger candidate
South Korean KB Financial was mentioned as a merger candidate for the privatisation of peer Woori Finance, reported the Korea Economic Daily here (Korean). The
Capital Market Consolidation Act yet to produce proposed effects
It has been one year since the Capital Market Consolidation Act took effect, but so far the global economic situation has negated its proposed effects. For more
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
Prudential to sell Korean units soon
Prudential looks set to sell two of their Korean units for twice as much as they paid for them, a move that may spark large-scale consolidation. Prudential to pick
