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Article: BRIEFING - ASIA BANKING - SEPT 15, 2009.

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AsiaPulse News
Article date:
September 15, 2009
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An executive briefing on banking for Sept 15, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

HEAD OF S KOREA'S WOORI FINANCE SAYS TIME IS RIPE TO PRIVATIZE

SEOUL - The chief of state-owned Woori Finance Holdings Co. (KSE:053000) said Tuesday now is the right time to privatize South Korea's second-largest financial firm, citing rising stock prices.

The government, which is currently holding a 73 per cent stake in Woori Finance, has been seeking to sell the financial service company. But the global financial crisis sparked by the ...

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