privatization Archives | Be Korea-savvy

Private Enterprise Genetic Testing Spurs Debate

SEOUL, May 26 (Korea Bizwire) – Businesses are buzzing in excitement with the news that genetic testing services will be allowed at private enterprises without having to go through medical institutions starting on June 30. According to an industry official on May 25, the Ministry of Health and Welfare recently made an announcement of the list of genes [...]

UAE Sovereign Fund Interested in Buying Stake in Woori Bank

SEOUL, Aug. 28 (Korea Bizwire) — The Abu Dhabi Investment Council (ADIC) has expressed its interest in buying a stake in state-run Woori Bank, which has been put up for sale, a government official said Friday. The Seoul government has been trying to sell its 51.04 percent stake in the bank since 2010 in a [...]