Woori Financial selected as preferred bidder for Solomon

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Woori Financial selected as preferred bidder for Solomon

Korea Deposit Insurance designated Woori Financial Group as a preferred bidder to acquire Solomon Savings Bank yesterday.

The state-run deposit insurance corporation, which is in charge of cleaning up suspended savings banks, also chose Hana Financial Group as a preferred bidder to take over Korea Savings Bank and appointed J Trust as a preferred bidder for Mirae Savings Bank.

The corporation said it aims to complete the deals by the end of next month.

Meanwhile, Hanju Savings Bank, which was also put on sale, failed to find a preferred bidder yesterday, as only one company threw its hat in the ring.

Korea Deposit Insurance said Hanju’s debts and assets will be transferred to its bridge bank.

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