trending Market Intelligence /marketintelligence/en/news-insights/trending/NEnKh3UPNbdVG8LHWOVMqA2 content esgSubNav
In This List

Woori Financial Group files for Korea Exchange listing

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


Woori Financial Group files for Korea Exchange listing

Woori Financial Group filed a listing application with the Korea Exchange following its launch as the holding company of Woori Bank.

The company will be listed Feb. 13 in lieu of Woori Bank whose shares will be converted into that of Woori Financial Group. Woori Bank's shares were suspended from trading Jan. 9 and will be delisted Feb. 13.

The new holding company was launched Jan. 11 and began operations Jan. 14. It has six wholly owned subsidiaries under its control, including Woori Bank.

Korea Deposit Insurance Corp., which owned 18.43% of Woori Bank, will remain the largest shareholder of Woori Financial Group with a 18.32% stake.

As of Jan. 14, US$1 was equivalent to 1,120.94 South Korean won.