All posts tagged Woori Finance
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 reported, citing an unnamed insider at Woori Finance, the listed South Korean holding …
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
Update: Possible Hana-Woori merger
Hana Financial is seen as a potential merger candidate in the privatisation process of its peer Woori Finance, reported the Kyung Hyang Shinmun. The
Update: Woori Finance stake to be sold through block sale
The South Korean government plans to offload a 7-8% stake in listed Woori Finance via a block sale, reported the Maeil Business Newspaper. The article (Korean) citing the
Woori Finance could be merged prior to privatisation
Woori Finance could be merged with another financial services firm before the government divests its stake in it, Maeil Business reported here (Korean). The report cited Jin Dong-su, the
