All posts tagged Woori Privatization
ICBC planning to acquire Kwangju Bank
Industrial and Commercial Bank of China (ICBC) is planning to acquire Kwangju Bank, the Korea-based lender, to expand in the overseas markets, according to several newswire reports.
A Korean news report in Dong-A Ilbo stated that ICBC will make a final call …
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
Advisors start due diligence on Kwangju Bank, Woori I&S
The state-run Korea Deposit Insurance (KDIC) and its financial advisors started sell-side due diligence on Kwangju Bank and Woori Investment & Securities, both units of Woori Finance, on
Korean government starts sell-side due diligence on Woori Finance
The South Korean government started sell-side due diligence for Woori Finance on 13 September, reported Money Today. The report cited financial sector sources as saying that the
KT has no intention of acquiring Woori stake
KT, the listed South Korean telco, has no plan to acquire a stake in Woori Finance, the listed South Korean financial firm, Edaily reported, citing vice president Kim
Woori Finance approaches potential buyers
Woori Finance, the listed South Korean financial holding company, has approached POSCO and KT, to offer part of Korea Deposit Insurance Corporation's (KDIC) 57% stake in the company,
KB Financial Group CEO: We will not bid for Woori
KB Financial Group will not participate in the looming auction of the government-held stake in Woori Finance Holdings Co., its CEO said Monday, the Korea Herald reported. “KB, currently
Government releases Woori privatization plan
The Korean government released the plan for the privatization of Woori Financial Group, earlier today. A press release on the Financial Services Commission website states - The Public Funds Oversight
Two of Woori Finance’s subsidiaries to be sold separately
The South Korean government will likely sell Kyongnam Bank and Kwangju Bank, the unlisted subsidiaries of Woori Finance, in separate bidding processes, reported the Hankook Ilbo.
Hana Financial confirms it could raise KRW 2tn war chest
South Korean Hana Financial confirmed that it could internally raise a total cash reserve of KRW 2tn (USD 1.65bn) which can be used for potential M&A, reported E-Today. The
