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S KOREA TO SELL 30PCT OF EQUITY IN CHO HUNG BANK.
SEOUL, July 2 Asia Pulse - The South Korean government is to sell 30 percent of its equities in Cho Hung Bank by the end of the year, the Cho Hung Bank President Wee Sung-bok said.
"We are establishing an autonomous management system by the end of year by pursuing sale of part of the state-held equities," Wee told a press briefing.
"We will be able to meet by the end of year the goals on management set by the momorandum of understanding we've signed with the Financial Supervisory Commission."
Wee said the sale of 30 percent out of a total 80 percent equity in Cho Hung Bank held by the government will be carried out gradually.
Cho Hung will soon repay part of the public fund it received from the government in a bailout package in a bid to boost its credibility and share prices.
Wee said it would be easier to sell the ...
- CHO HUNG BANK'S COMPUTER SYSTEM BRIEFLY SUSPENDED.
- News wire article from: AsiaPulse News November 20, 2000 700+ words
...Asia Pulse - Money transfers from Cho Hung Bank to local brokerage houses were...12 securities firms connected to Cho Hung, including Hyundai, Daishin, and Kyobo Securities. A Cho Hung Bank official said, "an unknown error...
- KOREA'S CHO HUNG BANK TO OFFER FOREIGN RESIDENTS 'GLOBAL ATM'.
- News wire article from: AsiaPulse News February 5, 2001 700+ words
...5 Asia Pulse - South Korea's Cho Hung Bank (KSE: 00010) has announced plans...Global ATMs will be installed at Cho Hung Bank branches at Lotte Hotel, COEX and the Cho Hung headquarters building.
- Actuate to Empower Cho Hung Bank with Easy Data Retrieval for Informed Business...
- Press release article from: Business Wire October 13, 2003 700+ words
...Application Platform to Support Cho Hung Bank's Consumer Credit Card Analysis...Information Application Platform for Cho Hung Bank, Korea's first financial institution...This implementation will enable Cho Hung Bank to analyze the spending trends...
- KOREA'S CHO HUNG BANK SEES US$1.75 MLN LOSS ON ANAM STOCKS.
- News wire article from: AsiaPulse News November 17, 2000 700+ words
...million) paper loss for creditor Cho Hung Bank (KSE:00010), a source from...said Friday. The main creditor Cho Hung Bank swapped 41.92 billion won in...said the source. A source from Cho Hung Bank said the bank has found a prospective...
- KOREA'S CHO HUNG BANK SERVES AS PROXY FOR WELLS FARGO BANK.
- News wire article from: AsiaPulse News July 23, 2001 700+ words
SEOUL, July 23 Asia Pulse - Cho Hung Bank said Monday that it wil serve...S.- based Wells Fargo Bank. Cho hung Bank said it has signed the necessary...international drivers licenses. Cho Hung Bank supplies customers with savings...
- CHO HUNG BANK SETS UP $500 MILLION MTN PROGRAM
- Press release article from: PR Newswire April 17, 1995 700+ words
...global medium term note program for Cho Hung Bank, a major Korean bank, was signed...Branch. Established in 1897, Cho Hung Bank is Korea's first commercial...Citicorp; Citibank, N.A.; Cho Hung Bank ST: New York IN: FIN SU: SH...
- Ex-Cho Hung Bank Head to Return.
- Newspaper article from: Korea Times (Seoul, Korea) April 9, 1999 700+ words
Former Cho Hung Bank president Wee Sung-bok, 59, was...international financial environment. ``Since Cho Hung's merger with Chungbuk and Kangwon...Changhung, Cholla-namdo native joined Cho Hung Bank and held a wide range of posts including...
- CHO HUNG BANK TO TAKES OVER FIRST VINA BANK OF VIETNAM.
- News wire article from: AsiaPulse News July 31, 2000 700+ words
SEOUL, July 31 Asia Pulse - Cho Hung Bank is expected to buy a stake in First...Bank for Foreign Trade of Vietnam. Cho Hung President Wee Sung-bok and Korea...has negotiated several times with Cho Hung on the price of the takeover as...