April 20, 2024

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Shares of Woori Financial Group will start being traded on the country’s main stock exchange this week, Korea’s bourse operator said on Feb. 12.

The initial public offering slated for Feb. 13 came around a month after the financial entity attained a holding firm structure, according to the Korea Exchange.   

Woori Bank will be delisted on the same day after transferring its shares to the group, it noted.

Trading of Woori Bank shares has been suspended since Jan. 9 for such a conversion process, with the price per share ending at 14,800 won (US$13.14).

By Ram Garikipati and newswires (ram@heraldcorp.com)