Arab Today, arab today sales bid for woori bank fails due to lack of bidders
Last Updated : GMT 06:11:27
Arab Today, arab today
Arab Today, arab today

Sales bid for Woori Bank fails due to lack of bidders

Arab Today, arab today

Arab Today, arab today Sales bid for Woori Bank fails due to lack of bidders

Woori bank
Seoul - Yonhap

The auction to sell state-run Woori Bank failed again Friday due to a lack of bidders, the financial regulator said, the fourth failure of the government's plan to privatize the No. 3 bank.
"After closing the bid for Woori Bank's managerial right, only China's Anbang Property & Casualty Insurance Co. applied for it," said the Financial Services Commission (FSC).

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