After Wednesday’s attempt at a block sale failed, Korea Exchange Bank managed to offload 4.35 million shares in Hana Financial Group, raising $167 million.
Hana Financial agrees to pay $4.1 billion for Lone Star's stake in KEB, while interests are registered for Woori and Hyundai E&C's sale faces controversy.
Bank of China general manager Wang Guosheng discusses direct connections over Swift’s trade services utility (TSU) and the future of the trade finance tool.
The likely privatisation of Woori Financial Group and possible sale of Lone Star’s stake in Korea Exchange Bank could result in the emergence of a Korean megabank this year.
Eight sellers, led by Korea Exchange Bank, raise $817 million from the sale of a 6.7% stake in Hynix Semiconductor after failing to exit the Korean memory-chip maker through a M&A transaction.