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Woori to expand in the US

Woori Financial Group, South Korea’s largest financial group with strong asset management and private equity arms, has reached an agreement with Nasdaq-listed Hanmi Financial to buy up to US$240mn of Hanmi’s shares. Analysts say this purchase will help Woori expand to the US market, especially the West coast, where Hanmi is headquartered and which holds a large South Korean population….

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