이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Posco to join the race to buy a piece of Woori Bank
- Collected
- 2016.09.09
- Distributed
- 2016.09.12
- Source
- Go Direct
Major life insurers also have joined the bid, raising the possibility that the bank could finally be on the path for privatization after four failed attempts.
According to the financial industry sources Thursday, Posco has been in search for underwriter to prepare for the bid.
Posco in a disclosure filing on Thursday said that its outside director Ahn Dong-hyun has resigned from office. Ahn also retains a position at the Public Fund Oversight Committee that is in charge of the Woori Bank privatization process.
The steelmaker has recently been eager in expanding to financial sector. Its unit POSCO ICT Co. joined a consortium led by Woori Bank, Hanwha Life Insurance Co. and leading mobile carrier KT Corp. to launch “K-Bank,” web-based banking services, early this year.
The Korea Deposition Insurance Corp. (KDIC), who currently owns a total of 51.05 percent in Woori Bank, starts to receive letters of intent (LOI) from interested bidders from Sep. 23. Leading life insurers Hanwha Life Insurance and Kyobo Life Insurance Co. have expressed interest and Korean Federation of Community Credit Cooperatives (KFCC) and KT are believed to be other potential buyers.
By Park Yong-beom and Park Joon-hyung
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]