Korea
KDB keen on buying a Southeast Asian bank
KDB pulled out stake sale in Siam City citing regulatory uncertainties in the global banking industry.
KDB keen on buying a Southeast Asian bank
KDB pulled out stake sale in Siam City citing regulatory uncertainties in the global banking industry.
KEB labor union files Hana takeover injunction
Union claims KEB board directors' collaboration with Hana was illegal.
Woori and Hana plans to engage in savings bank business
Acquisition of savings banks would help major lenders seen to delay potential systemic risk through diversification.
Korean Banks plan to establish 27 overseas branches
China and Vietnam were the most popular host countries of the branches that Kookmin Bank, Hana Bank and the Industrial Bank will open.
Kookmin Bank names Lee Chan-gun and Park Ji-woo EVPs
Appointments aimed to improve the stability and efficiency of the bank organization and strengthen its marketing.
South Korea to privatise Korea Development Bank
The government admits KDB privatisation is more difficult task than the Woori’s.
South Korea to decide on $6bln Woori stake sale’s fate
Unfavourable market conditions and the loss of 2 potential candidates seen to further the sale delay.
KB Financial and ICBC in talks on investment banking JV
The Korean group seeks to diversify and strengthen its business portfolio by setting up investment banking.
Hana appeals for funding from Asian investors for KEB takeover
Hana woos financial assistance from China Investment Corp., China Merchants Bank, and Sumitomo Mitsui Financial Group Inc.
KB Financial steps up its restructuring efforts
The group’s spinning-off of its credit card unit aimed to improve competitiveness of its flagship banking unit.
Korea Exchange Bank workers union rejects Hana takeover
Employees fear Hana Bank’s lower profit compared to KEB may spread to the latter.
ICBC keen on South Korea expansion
The Chinese bank is also in negotiations with KB Financial Group for a stock swap.
International firms bid for Woori takeover
Six companies submitted letters of intent to the South Korean government to buy Woori’s 57% stake.
Moody's reviews Hana Bank and KEB
Moody’s placed all Hana Bank ratings on review for possible downgrade while eyeing Korea Exchange Bank’s debt and deposit ratings for possible upgrade.
Korea Exchange Bank union objects Hana's takeover
4,000 employees are expected to join to protest Hana’s takeover as it conducted due diligence on KEB.
ICBC targets South Korean’s Kwangju Bank takeover
The Chinese lender will become the first Chinese company to bid for a South Korean financial firm if it joins the race.
Moody's affirms Woori Bank after re-evaluation
Prompted by a sharp spike in Woori Bank's problem assets during the third quarter 2010, its asset quality and capital were re-evaluated prior to Moody's affirmation.
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