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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Korean, Romanian leaders discuss defense tech, nuclear energy
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S. Korea calls on Japan to confront history amid Yasukuni Shrine visit
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Yoon’s jailed mother-in-law excluded from latest parole list
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Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
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[Pressure points] Leggings in public: Fashion statement or social faux pas?
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Korea’s homegrown nanosatellite successfully launches into space
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Aging population to drive down Korea's housing prices from 2040: experts
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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[WOORI PRIVATIZATION] Hanwha Life submits LOI for Woori Bank stake
By 김지현Published : Sept. 22, 2016 - 15:01
In most cases, LOI submissions are not subject to board decisions, but Hanwha Life held the meeting due to its special relations with Woori Bank’s largest shareholder Korea Deposit Insurance Corp.
State-run KDIC currently holds a 15.25 percent stake in the life insurance firm. KDIC said in a disclosure on Aug. 24 that it would be selling 30 percent of its 51.08 percent stake in Woori Bank. The 30 percent would be split up into 4-8 percent stakes, it said.
By Kim Ji-hyun (jemmie@heraldcorp.com)
