Woori, Shinhan, Hana bid for ailing savings bank
Jan 26, 2011
Three banking groups, including top financial firm Woori Finance Holdings Co., expressed their intention to buy an ailing savings bank Tuesday, a state insurance agency that arranges the deal and sources said.On Jan. 14, the financial regulator suspended mid-sized Samhwa Mutual Savings Bank for six months as it failed to meet regulatory capital requirements. State-run Korea Deposit Insurance Corp.