The stock of Woori Bank Co., Ltd. (KOSE:A000030), on September 26, 2016, ended at KRW 11400 won, up 0.44% from the previous session, amid increasing interest in bidding for Woori Bank. According to Korea Deposit Insurance Corporation, which is selling a 30% stake out of 51.06% it has in Woori Bank Co., Ltd. (KOSE:A000030), a total of 18 entities have submitted LOIs for 4 to 8%. Three investors - Korea Investment & Securities Co., Ltd., Kiwoom Securities Co., Ltd. (KOSE:A039490) and Hanwha Life Insurance Co., Ltd. (KOSE:A088350), have made their bids public.

Other investors include, Tong Yang Life Insurance Co., Ltd. (KOSE:A082640) and ORIX Private Equity Korea Corporation, Vogo Fund I, Baring Private Equity Asia, Affinity Equity Partners, CVC Capital Partners Limited and IMM Private Equity, Inc. The government will hold a meeting late on September 26, 2016, to confirm the dates for due diligence and actual bidding.