All posts tagged Woori Privatization

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,

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

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

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

Woori Investment & Securities (I&S) is unlikely to be sold separately in the privatization process of Woori Finance, reported Maeil Business. This is in response to last week's Edaily report

The South Korean government is reportedly planning to identify which subsidiaries it will sell separately from its stake in Woori Finance and which will be included in the privatization. A

South Korean financial firms Shinhan and Hana, and the state-run Korea Development Bank are unlikely to make an acquisition play for Lone Star's 51% stake in Korea

Korea Deposit Insurance (KDIC) has sold a 9% stake in Woori Finance, the listed South Korean financial firm, to institutional investors via block sale yesterday, reported Yonhap News. The report

Hana Bank, the banking unit of Hana Financial, will wait until after July before making any move in the anticipated consolidation of  the South Korean banking industry,