South Korea to resume sales of stake in Woori Bank next week
A man walks past the Woori Bank
Seoul - Yonhap
South Korea will resume the process of selling the government stake in Woori Bank, a major local lender, next week with a public bidding notice, a committee overseeing the sales said Monday.
The government is planning to sell a 30 percent stake in the flagship banking unit of Woori Finance Holdings Co. to a single buyer and unload 26.97 percent to a group of investors within the first half of next year.
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