Woori Financial Group wants to buy Kumho Investment Bank

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Woori Financial Group wants to buy Kumho Investment Bank

Woori Financial Group has decided to buy Kumho Investment Bank, which is on the verge of being delisted from the stock market.

The nation’s largest financial group by assets held a board meeting yesterday to acquire the troubled financial company.

If Kumho Investment Bank is bought by Woori it will be its 13th affiliate.

Woori is said to be trying to secure more than 30 percent of the investment bank’s shares.

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