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Special Report on

Woori Finance Privatization Update

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(Reuters) - The global downturn is forcing South Korea, Thailand and Indonesia to put on ice long-planned privatizations of banks which are either now needed as policy tools or look unattractively short of capital. As crumbling financial markets hammer asset values of banks across Asia and with no sign of any quick recovery, governments are unlikely to dare loosen control over banks already in their charge and may well tighten their grip. "In the current situation, governments have to take a leading role in stabilizing financial markets and that could be done through state-run banks," said Park Jeong-hyun, a Hanwha ...
Asia Markets Wrap: Asian Stocks End Mixed; Nikkei Extends Fall - CNBC
Asian stock markets ended mixed in cautious trade Monday, as investors awaited June jobs data due out Friday for clues on how the U.S. economy is faring following recent setbacks including a sharp decline in new home sales last week. There was little impact from the weekend meeting of the Group of 20 rich and developing economies, at which world leaders agreed to take different paths towards ensuring lasting growth and making their banking systems safer. Japan's Nikkei average inched down to its lowest close in more than two weeks, led by blue-chip exporters, with market players saying the benchmark could test six-month ... market research, surveys and trends
Will the mega bank dream come true through the privatization of ...
  The Financial Services Commission is about to unveil details next month about the sale of Woori Finance Holdings, which will include whether the state-run financial institution will be sold in complete unit or separately. The nation’s top financial regulator confirmed on May 5 that the sale proposal of Woori will be disclosed in June this year and added that a preferred bidder for the company will likely be chosen in the first half of next year. Due to the huge size of the deal and its heavy influence on local financial industry, now all eyes are on the government’s management of privatizing Woori.   Woori Financial Holdings, ... market research, surveys and trends


Woori Finance Privatization Update: Share buyback, M&A scenarios ...
Korea Deposit Insurance (KDIC) assessing share buyback, whilst the idea of forming a ‘megabank’ through a merger with KB and/or Hana financial groups is raised. The Seoul Economic Daily reported , citing an unnamed insider at Woori Finance, the listed South Korean holding company, that they have suggested several funding ideas to state-run KDIC regarding a share buyback. The ideas include selling the bought-back stake to other companies, or, swap it with shares in friendly large-sized company, the report noted. The report cited an unnamed senior official at KDIC as saying it would consider the options with an open mind. industry trends, business articles and survey research
ANZ considering buying $4 bln KEB stake | Reuters
(Reuters) - Australia and New Zealand Banking Group is preparing to make a bid for Lone Star's LS.UL $4 billion controlling stake in Korea Exchange Bank, two sources said, as Australia's No.4 lender looks for major deals in its bid to expand. ANZ ( ANZ.AX ) is an unexpected contender for South Korea's sixth-biggest lender, which U.S. private equity fund Lone Star bought in 2003 and is seeking to sell after years of delays due to legal debates. With its sound balance sheet and ambition to grow, ANZ could make a strong bidder for KEB ( 004940.KS ), in what would be South Korea's biggest banking deal to date, ... industry trends, business articles and survey research
Six Ways to Invest in Korea – Asia's Can't-Miss Market
Just yesterday (Tuesday), Hutchinson's oft-made argument to "invest in Korea" was validated by the traditionally conservative International Monetary Fund (IMF), which announced a major upward revision in its growth forecast for that fast-growing Asian powerhouse. ] With the U.S recovery looking a bit iffy after last week's unemployment report, Japan and Britain battling huge budget problems and Europe in trouble because of the Greek debt crisis, investors have quite naturally shifted their focus to Asia. But even there the pickings seem a bit slim. Asian stalwarts China and India show signs of overheating (India ... market trends, news research and surveys resources
Is megabank a financial panacea?
New KB Financial Group chief nominee Euh Yoon-dae is expected to pass the muster at the shareholders’ meeting slated for July 13. By Kang Seung-woo Staff reporter The subprime mortgage crisis has given the financial industry many lessons, with one of them being that bigger is not necessarily better for a bank. The Korean banking industry, as well as regulators, has been almost convinced about this newly-acquired wisdom, their megabank plan being put on the back burner. But now, Euh Yoon-dae, nominee for chairman of the KB Financial Group, is pushing the megabank debate back to square one. As soon as Euh was nominated, the former ... market trends, news research and surveys resources


report - Research Weekly Asia Indian equities still look expensive
Dec 4, 2006 ... measures, particularly the privatization of state-owned .... Japan market update . Fall-out of the recent strength in yen versus US dollar ...... TOYOTA MOTOR, WOORI FINANCE HOLDINGS CO) within the past 12 months. ... technology research, surveys study and trend statistics
government has also postponed any announcement of a definitive schedule for the privatization of its nearly 79 percent share in Woori Financial Holdings, ... technology research, surveys study and trend statistics
Literature Review
liberalizing interest rates and privatizing government financial .... Major Shareholders American Realty Investors, Korean Exchange Bank, Woori Securities & ...
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