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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.
Puyuma Express train Puyuma Express train (Wikimedia Commons photo) A man was found dead after being run over by a Puyuma Express train on a railroad crossing in Taichung on Friday (April 10), according to the city government s Fire Bureau. The bureau received a report of an accident at the Chenggong East Road crossing in Wuri District, involving a Puyuma Express train. Firefighters found the body of a man after arriving at the scene, the bureau said. The accident occurred at 2:43 p.m., and railway police are investigating the man s identity and why he was on the track when the train came, the bureau said. However, it did not offer any other details.