Hanwha Life Insurance considers Woori Bank stake

Hanwha Life Insurance

02/09/2016 01:00

SEOUL, Sept 2 (Reuters) - South Korea's Hanwha Life 
Insurance  088350.KS  said on Friday it is considering buying a 
stake in Woori Bank  000030.KS , adding that nothing has been 
decided. 
    South Korea said last month it would attempt to sell a 30 
percent stake in Woori Bank to multiple suitors by the end of 
this year, in a move that could recoup nearly $2 billion of 
taxpayer money spent bailing out the bank almost two decades 
ago.  urn:newsml:reuters.com:*:nS6N17L01R 
    South Korea wants to auction off a series of stakes in Woori 
ranging in size from 4 percent to 8 percent. 
 
 (Reporting by Hyunjoo Jin; Editing by Stephen Coates) 
 ((hyunjoo.jin@thomsonreuters.com; 82-2-3704-5685; Reuters 
Messaging: hyunjoo.jin.thomsonreuters.com@reuters.net)) 
 
Keywords: WOORI BANK EQUITY/HANWHA LIFE INS