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Top News In Woori Financial Today - Breaking & Trending Today

How will Woori benefit from takeover of Daol Investment?

Woori Financial Group has been tapped as a preferred bidder for a takeover of Daol Investment, Korea s oldest venture capital firm and one of its best. The deal is expected to present a win-win outcome, as it should bolster Woori s non-banking business portfolio, while Daol Financial Group can dispel market concerns over its cash flow. ....

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Woori Financial chief decides not to seek another term

Woori Financial Group Chairman Son Tae-seung has officially decided to wrap up his four-year term ending in March this year, and not to seek another term as group chief. “Today, I d like to say that I am also joining a generational shift movement that s been trending in the local financial industry,” Son said in an official statement released Wednesday. ....

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Woori to select chairman candidates Thursday

Woori Financial Group will convene a meeting, Thursday, to select a pool of candidates for its new chairman, the banking group said Tuesday. The meeting comes as incumbent Chairman and CEO Son Tae-seung s term ends in March. ....

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Align Partners opposes Woori Financial's acquisition attempt

With regard to Woori Financial Group s plan to acquire Daol Investment, the country s top-notch venture capital firm, Align Partners, which holds about 1 percent of the financial group s shares, has voiced its opposition to the deal. After the venture capital firm was put up on the M&A market late last year, Woori Financial declared its intent to acquire the company to the firm managing the sale. ....

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Woori Financial Group acquiring Daol Investment to expand its non-banking business

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