Korean government’s Woori Bank sale flounders again
The South Korean government will make another attempt to sell its controlling stake in Woori Bank early next year following the collapse of the latest in a string of sale processes last week.
Korea Deposit Insurance Corp. (KDIC) holds a 57% interest in Woori Finance Holdings, worth around KRW4.6 trillion ($4.1 billion) at current market prices. Efforts to divest it have floundered over the...
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