, Korea

KB Financial and Woori bid for Jeil Savings Bank

Reports said Hana Financial had also joined the auction on taking over the suspended lender.

KB Financial Group and Woori Finance Holdings are among three Korean financial holding firms bidding for the suspended Jeil Savings Bank, people with knowledge of the matter said on Thursday.

Online news outlet Edaily reported that Hana Financial Group had also submitted a bid, according to a report in Reuters.

Officials at state-run Korea Deposit Insurance Corp (KDIC), which is handling the sale process, declined to comment.
KDIC issued a statement saying that three financial holding firms had filed letters-of-intent for Jeil but gave no further details. 

Follow the link for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

China banking focuses on credit structure optimisation
PwC said the sector needs to continue to implement strategic initiatives.
Markets
Overseas expansion impacts Korean banks’ OE score
Despite Korea's high GDP per capita, the current level suggests there's still room for improvement.
Markets
Nium, Thredd expand virtual card partnership
The two fintech companies have issued 86 million virtual cards worldwide.
Cards & Payments