SEOUL, Feb. 11 (Korea Bizwire) — South Korea’s state deposit insurer said Friday it sold 2.2 percent of its stake in Woori Financial Holdings Co. for some 239 billion won (US$199 million). The Korea Depository Insurance Corp. (KDIC) said that the pre-market sale of 15.86 million shares came in line with a decision by the [...]
SEOUL, Nov. 22 (Korea Bizwire) — Eugene PE, the private equity firm of South Korea’s Eugene Group, and four others have been chosen to buy a combined 9.3 percent government-held stake in Woori Financial Holdings Co. for 897.7 billion won (US$754.1 million), South Korea’s financial regulator said Monday. The move will put an end to [...]
SEOUL, Dec. 30 (Korea Bizwire) — The South Korean government said Wednesday it plans to complete the sale of its 17.25 percent stake in Woori Financial Holdings Co. by 2022, despite a delay in its sale amid the new coronavirus outbreak. The public funds oversight committee, which handles state asset sales, will make efforts to [...]