News
Woori Bank: 30 years of ‘rapid expansion’
Woori Bank, one of South Korea’s leading commercial banks, is set to inject an additional $100 million into its Cambodian operations next year. This “strategic” move is in response to a notable increase in loan demand, aimed at stimulating business activities that slowed during the ...
May Kunmakara
https://www.phnompenhpost.com/business/woori-bank-30-years-rapid-expansion
The cassava-boom undermining a leading conservation program
Sam Sak stands amidst a landscape of cleared earth, surrounded by cassava stems planted like flags to claim their place inside the Kulen Promtep Wildlife Sanctuary. ...
Jack Brook and Khuon Narim
https://cambojanews.com/the-cassava-boom-undermining-a-leading-conservation-program/
Woori ruled out of Prasac bid
South Korean financial giant Woori Bank, widely seen as the preferred bidder for a 50 per cent stake in Cambodian microlender Prasac, is out of the running as it was not presented to the central bank as an official bidder, local banking officials have said. ...
Hor Kimsay
http://www.phnompenhpost.com/business/woori-ruled-out-prasac-bid
Microfinancer Prasac looking to partner up with Korean giant
Woori Bank, South Korea’s second-largest bank in terms of assets, is vying to purchase a 50 per cent stake Cambodia’s largest microfinance institution, Prasac, the company’s CEO confirmed yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/microfinancer-prasac-looking-parter-korean-giant
South Korean bank buys local MFI
South Korea-based Woori Bank has purchased Cambodian microfinance institution Malis Finance for $4.9 million. Hun Soopheak, general manager of Malis Finance, said the deal was finalised two weeks ago; however, the firm is still awaiting approval from Cambodian regulators. ...
Chan Muyhong
http://www.phnompenhpost.com/business/south-korean-bank-buys-local-mfi
Woori to buy Cambodian microfinance institution
Woori Bank has decided to acquire Cambodia’s microfinance institution Malis Finance for 5 billion won ($4.9 million) to accelerate its global expansion. The Financial Services Commission approved Woori Bank’s acquisition of Malis on Wednesday, according to bank officials. ...
Suk Gee-hyun
http://www.koreaherald.com/view.php?ud=20140619000883