A KDB consortium and government of Korea completed the acquisition of Airport Railroad Co., Ltd. from Korail Airport Railroad, Hyundai Marine & Fire Insurance and Ministry of land, infrastructure and transport.
June 21, 2015
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A KDB consortium and government of Korea agreed to acquire Airport Railroad Co., Ltd. from Korail Airport Railroad, Hyundai Marine & Fire Insurance and Ministry of land, infrastructure and transport for KRW 1.8 trillion on February 1, 2015. The consortium includes Industrial Bank of Korea (KOSE:A024110), Hana Bank, Korea Exchange Bank, KB Kookmin Bank, Korea Development Bank, Shinhan Bank, Woori Bank, Nonghyup Bank, Samsung Life Insurance and Kyobo Insurance and many other financial institutions. The business operator equity structure of Airport Railroad Co., Ltd. will change from KORAIL 88.8%, government 9.9%, Hyundai Marine & Fire Insurance Co. Ltd. 1.3% to Consortium owning 65.9%, government 34.1%. The sales proceed will be used to reduce debt of Airport Railroad Co., Ltd. PricewaterhouseCoopers Korea acted as accountant to Korail Airport Railroad and Hyundai Marine & Fire Insurance.
A KDB consortium and government of Korea completed the acquisition of Airport Railroad Co., Ltd. from Korail Airport Railroad, Hyundai Marine & Fire Insurance and Ministry of land, infrastructure and transport on June 22, 2015.
Woori Financial Group Inc. is a financial holding company. The Companyâs main subsidiary companies include Woori Bank, WOORI FIS Co., Ltd., Woori Finance Research Institute, woori credit Information co., Ltd., Woori Private Equity Asset Management Company, Ltd and WOORI FUND SERVICE LIMITED., among others. Woori Bank provides deposits, loans, funds, foreign exchange transactions, payment guarantees, securities investment, trust investment, and credit card services. WOORI FIS Co., Ltd. provides computer system installation and development, software development, telecommunication equipment supply and maintenance services. Woori Finance Research Institute conducts research activities on management strategies and the financial industry. woori credit Information co., Ltd. is engaged in credit investigation and collection of bonds. WOORI FUND SERVICE LIMITED. is engaged in private equity investment.
A KDB consortium and government of Korea completed the acquisition of Airport Railroad Co., Ltd. from Korail Airport Railroad, Hyundai Marine & Fire Insurance and Ministry of land, infrastructure and transport.
WOORI FINANCIAL GROUP INC. 
