Public Notice of Kyongman and Kwangju Bank Sale


Kyongnam and Kwangju Bank are finally up for sale as an initial step for privatizing Woori Finance Holdings. The Korea Deposit Insurance Corporation made a public announcement to sell its 56.97% share in the banks on July 15, Monday.


*Stocks for sale: Korea Deposit Corporation’s 56.97% stake in Kyongnam and Kwangju Bank

*Purchase method: competitive open bidding

*Due date for indicative bidding application: Sep. 23, 2013

*Documents for submission: indicative offer application form and related documents

*For more detailed information, please visit KDIC’s website ( or contact Daewoo Securities (Tel: 02-768-3441), Samsung Securities (Tel: 02-2020-7561), and J.P.Morgan (Tel: 02-758-5120)


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