Korea
ANZ continues Asia expansion even if Hana's KEB bid prevails
The Australian bank to go after Woori should the KEB-Hana deal materialises.
ANZ continues Asia expansion even if Hana's KEB bid prevails
The Australian bank to go after Woori should the KEB-Hana deal materialises.
Lone Star to sell KEB to Hana Bank
Deal frustrated ANZ’s intent to purchase Lone Star's 51% stake, which would have boosted its efforts to expand in East Asia.
Korea Exchange Bank profit down 31.3% to $259.8 million
Board appoints Chief Executive Larry Klane as the next chairman to supervise the sale of its 51% stake.
KB Financial not keen on bank mergers
The lender to focus first on organic growth by being a competitive local and diversified financial services group.
Lone Star's sale of KEB stake nears
The fund dismissed reports that the $4bln stake sale has hit a snag behind price gaps.
Moody’s credits Kyongnam Bank for good franchise
Moody's Investors Service has assigned ratings to Kyongnam Bank for the first time.
Woori Bank seeks a consortium of investors
Woori wants non-financial firms to divide the 57% stake, worth around $6bln.
Korea sets deadline for Woori sale at November
Hana Financial is seen as a potential bidder for $6bln sale of 57% stake in Woori.
ANZ sees upcoming end of KEB deal
The lender expects Asia to contributing a third of profit in medium-term as KEB due diligence is nearing completion.
Korea to divest its 57% stake in Woori
But Woori's $10.56bln market cap and complex domestic laws seen as challenges to potential buyers.
Regulator penalizes Kookmin for breaching board rules
The bank offended the rule regarding compensation of directors as it incurred travel expenses worth $29,700.
KT Corp to buy 20% BC Card stake
Woori and KT will sign an MOU as two parties will continue to negotiate purchase price.
Korea auditors to inspect Woori Financial on November
Inspection to focus on enforcement of MOU signed every two years between Woori and the KDIC.
MBK seeks takeover of partial KEB stake
Deal between MBK and Lone Star relies on what ANZ plans to do.
KB chief mulls downsizing 10% of workforce
Senior employees about to retire will be encouraged to take early retirement compensation package.
Korea to offer $6.16bln Woori stake late October
Government to Woori stake as it may use divestment to create a dominant financial holding company.
KEB union to back ANZ bid with conditions
Prefers financial services provider as major shareholder if firm can keep KEB’s identity and job security.
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