SEC Staff Grants South Korean Bank Co. Registration Relief in Connection With Merger

The Securities and Exchange Commission Division of Corporation Finance Oct. 31 granted a South Korean financial holding company registration relief in connection with a planned merger between the company and its wholly owned principal operating subsidiary (Woori Fin. Holdings Co., SEC No-Action Letter, avail. 10/31/14).

In a letter signed by Special Counsel Mary Cascio, the staff said that Woori Bank may take into account Woori Finance Holdings Co.'s reporting history under the 1934 Securities Exchange Act in determining its eligibility to use Form F-3.

In an Oct. 30 letter, Yong G. Lee of Cleary Gottlieb Steen & ...