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Start your day with a roundup of key stories from The Korea Herald with news and comment on all that’s happening in Korea.

No bid for banking unit of Korea Post: KDB

By 로컬편집기사

Published : June 19, 2011 - 18:45

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KDB Financial Group Inc. denied a news report that the state-owned company plans to acquire banking businesses of Korea Post.

KDB officials said Saturday that the company has not reviewed such plan. The report came after the government went against a move by KDB to take over the public-funded Woori Financial Group.

KDB has sought to become a “mega” bank in Korea to expand its business overseas.

(shinyb@heraldcorp.com)

No bid for banking unit of Korea Post: KDB

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