KB Financial and Woori bid for Jeil Savings Bank

Reports said Hana Financial had also joined the auction on taking over the suspended lender.

KB Financial Group and Woori Finance Holdings are among three Korean financial holding firms bidding for the suspended Jeil Savings Bank, people with knowledge of the matter said on Thursday.

Online news outlet Edaily reported that Hana Financial Group had also submitted a bid, according to a report in Reuters.

Officials at state-run Korea Deposit Insurance Corp (KDIC), which is handling the sale process, declined to comment.
KDIC issued a statement saying that three financial holding firms had filed letters-of-intent for Jeil but gave no further details.

Follow the link for more news on

Also Read

OCBC Ignite aims to double poly graduate intake

Singapore’s big banks aim for 96% emissions cut by 2050

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

What is Lorem Ipsum?

What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Evergreen Group obtains financing license to expand in Malaysia