All posts tagged Korea financial industry consolidation
Lone Star KEB Update: Preferred bidder to be selected by June
Lone Star is likely to select a preferred bidder for its 51% stake in Korea Exchange Bank by the end of June, Seoul Economic Daily reported.
The news report, which cited industry sources, claimed the Texas-based fund manager is currently gauging the …
Kookmin Bank should take the lead in industry consolidation – CEO
The head of Kookmin Bank, South Korea's top lender, stated that the bank should take the lead in pursuing an acquisition for growth when an anticipated round of
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
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: Hana still evaluating merger
Hana Financial, is still evaluating a proposed merger with Woori Finance, Money Today reported (Korean), citing Hana CEO Kim Jong-yeol. The report cited Kim as telling a press conference
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
