By an original plan for KDP, S.Korea government should start to sell, even partially from starting, its stake in the group to market by May 2014 . But the suspension of a big sale of 'giant' state-run Woori Finance Holdings has been raising some prospects that the government‘s drive to sell KDB Financial Group may have to be put off. Saturday's view from KDB's predient, Min Euoo-sung, looked like aiming at the concerns.
Acoording to a report from Yonhap news agancy, he said "(I heard) the government is on the same boat in pushing for an early privatization of the group. ... But as when and how to privatize KDB Financial Group have not been fixed yet, (the group) plans to continue to consult with the government to help it decide,” in a meeting with soem reporter in Seoul.
KDB Financial Group was created in 2009 as the holding company for the state-run Korea Development Bank (KDB) and four other units as part of the government’s plan to privatize it.
Under the government‘s initial plan for privatization, KDB Financial Group will seek to list its shares on the Seoul bourse in 2011 and on overseas stock markets in 2012 in a bid to accelerate the privatization, Yonhap reported.
Min said KDB plans to increase its number of local branches by an additional 30 to 76 this year in a bid to strengthen its deposit bases.
(아주경제 송지영 기자)
reporter
Park Sae-jin
swatchsjp@ajunews.com