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Woori faces growing pressure to buy brokerage firm


Woori faces growing pressure to buy brokerage firm
Posted : 2021-04-11 15:51
Woori Financial Group headquarters in Seoul / YonhapBy Park Jae-hyuk
Woori Financial Group is facing growing pressure to re-acquire a brokerage license to bolster its non-banking business and further boost its stock price, amid the government s accelerated attempts to completely privatize the banking group.
Last Friday, the Korea Deposit Insurance Corp. (KDIC) unloaded 2 percent of its stake in Woori for 149.3 billion won ($134 million), lowering its overall ownership in the group to 15.25 percent. This was the state deposit insurer s first divestment from Woori following a government announcement in June 2019 that it would recoup all taxpayer money injected into the group by 2022. ....

South Korea , Seo Young Soo , Kim Jong Deuk , Woori Investment Bank , Woori Financial Group , Nonghyup Financial Group , Korea Deposit Insurance Corp , Financial Group , Korea Deposit Insurance , Woori Investment , Chairman Son Tae Seung , New Year , Yuanta Securities , தெற்கு கொரியா , எஸ்சிஓ இளம் சூ , வூரி முதலீடு வங்கி , வூரி நிதி குழு , கொரியா வைப்பு காப்பீடு கார்ப் , நிதி குழு , கொரியா வைப்பு காப்பீடு , வூரி முதலீடு , தலைவர் மகன் டே சீங் , புதியது ஆண்டு ,

State deposit insurer KDIC sells 2% stake in Woori Financial


State deposit insurer KDIC sells 2% stake in Woori Financial
Posted : 2021-04-09 13:37
Updated : 2021-04-09 13:37
The state-run Korea Deposit Insurance Corp. (KDIC) said Friday it sold a 2 percent stake in Woori Financial Holdings Co. as part of efforts to recoup taxpayer money injected into the company.
The stake, or 14.5 million shares, was offloaded through a block sale in pre-market trading for 149.3 billion won (US$134 million), the KDIC said.
The stake sale comes in line with a government road map to dispose of its interest in the major financial holding company, whose flagship is Woori Bank.
It also marks the first stake disposal after the government announced its plan in 2019 to complete the sale of its remaining 17.25 percent stake in Woori Financial by 2022. ....

South Korea , Woori Financial Holdings , Woori Financial Holdings Co , Korea Deposit Insurance Corp , Woori Bank , Korea Deposit Insurance , Woori Financial , Woori Finance , தெற்கு கொரியா , வூரி நிதி ஹோல்டிங்ஸ் , வூரி நிதி ஹோல்டிங்ஸ் இணை , கொரியா வைப்பு காப்பீடு கார்ப் , வூரி வங்கி , கொரியா வைப்பு காப்பீடு , வூரி நிதி ,

Sale of state shares in Woori Financial this year foundered


Pandemic sinks FSC plan for 2020 Woori stake sale
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A logo of Woori Financial Group (Woori Financial Group)
A plan to sell some of the government’s stake in Woori Financial Group this year foundered due to the high market volatility triggered by the COVID-19 pandemic, the financial regulator said Wednesday.
Earlier this year, a sub-committee of the Financial Service Commission, which controls the sale of state-owned firms and shares, said it would start selling off Korea Deposit Insurance Corp.’s stake in the bank in the first half of 2020. 
The plan was to sell the entire stake in phases, with the last sale completed by 2022. ....

South Korea , Choi Jae Hee , Public Funds Oversight Committee , Woori Financial Group , Financial Service Commission , Korea Deposit Insurance Corp , Korea Deposit Insurance , தெற்கு கொரியா , சோய் ஜே ஹீ , பொது நிதி ஓவர்‌ஸைட் குழு , வூரி நிதி குழு , நிதி சேவை தரகு , கொரியா வைப்பு காப்பீடு கார்ப் , கொரியா வைப்பு காப்பீடு ,