Korean government tries again to offload Woori stake
The South Korean government will once again try to offload its majority stake in Woori Finance Holdings, this time breaking up the asset into three pieces to be auctioned separately. The plan is to sell two regional banks and a brokerage and related units before Woori Bank, the flagship asset, goes on the block next year.
There have been several attempts to sell Korea Deposit Insurance Corp's 57% interest in Woori, with auctions for the entire asset failing in 2011 and 2012. A year earlier the sale was broken into several...
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