All posts tagged KDIC
Sell-side due diligence starts on Kyongnam Bank
State-run Korea Deposit Insurance (KDIC) started sell-side due diligence for Kyongnam Bank yesterday, 27 September, reported Newsis.
The unsourced report claimed that KDIC and the financial advisors for the sale started the inspection, which is scheduled to last one month, to …
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,
Woori Privatization Update: Stake sale delayed by weak share price
The South Korean government may delay its sale of a 7-8% stake in Woori Finance until after this May, due to the company's weak share price, reported the
Restructured Yes Savings Bank to be sold
Korea Deposit Insurance Corporation (KDIC), the state-run financial services company, is seeking to sell Yes Savings Bank, according to Korea Economic Daily. Yes Savings is a South Korea-based lender, with assets valued at KRW
Jeju Bank: Financial advisor to be picked soon for sale of 21.43% stake
The South Korean government is planning to pick a financial advisor who will assist in the sale of a stake in Jeju Bank, reported Yonhap News. The report, which cited
Woori Finance Privatization Update: Share buyback, M&A scenarios raised
Korea Deposit Insurance (KDIC) assessing share buyback, whilst the idea of forming a 'megabank' through a merger with KB and/or Hana financial groups is raised. The Seoul Economic Daily
Korea Life Update: KDIC may keep its stake over 20%
The state-run Korea Deposit Insurance (KDIC) may keep its stake in Korea Life over 20% after the latter's initial public offering, reported Korea's Edaily. The report claimed that if KDIC
