Woori gearing up for aggressive M&As

Woori gearing up for aggressive M&As
Posted : 2020-12-28 08:55
By Lee Min-hyung
Woori Financial Group Chairman Son Tae-seungWoori Financial Group will be able to push for aggressive M&As in 2021, after Chairman Son Tae-seung was cleared of allegations that he received a bribe in the case of the mis-selling of funds by Lime Asset Management.
Last week, the prosecution concluded that Lime Asset Management attempted to lobby Woori's top-ranking officials and resume sales of the problematic hedge funds last year, but Woori declined to accept.
With Son being cleared from the controversy, he will likely speed up the group's expansion into untapped territories particularly non-banking sectors.

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