Korea launches another attempt to sell Woori Bank stake
The South Korean government is once again trying to sell its controlling stake in Woori Bank, this time dividing the asset into multiple tranches so that there is no one dominant shareholder.
The Financial Services Commission said in a statement that it planned to sell a 30-40% interest in blocks of up to 10% each. The government owns 51.04% of Woori Bank and it committed to retain 2.97% of...
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