AGREEMENT ON BUSINESS NORMALIZATION PLANBusiness Normalization Plan • September 25th, 2003 • Woori Finance Holdings Co LTD
Korea Deposit Insurance Corporation (“KDIC”) is a special entity established and existing under the Depositor Protection Act to protect depositors and maintain the stability of the financial system, and Woori Credit Card Co., Ltd. (“Woori Credit Card”) is a credit specialized financial company which, on December 31, 2001, changed the business type of the Peace Bank of Korea (“Peace Bank”) to which KDIC invested (Won)611.6 billion under the Public Fund Management Special Act on December 30, 2000. Woori Credit Card hereby undertakes to fully implement in good faith the following agreement (including Business Normalization Plan hereunder) that was amended properly for a credit card company from the Agreement on Business Normalization Plan signed by and between KDIC and Peace Bank on December 30, 2000 under the Public Fund Management Special Act.
AGREEMENT ON IMPLEMENTATION OF THE MANAGEMENT IMPROVEMENT PLANManagement Improvement Plan Agreement • September 25th, 2003 • Woori Finance Holdings Co LTD
This Agreement on Implementation of the Management Improvement Plan is made and entered into by and between the Korea Deposit Insurance Corporation (“KDIC”), a special entity established and existing under the Depositor Protection Act to protect depositors and maintain the stability of the financial system, and Woori Finance Holdings Co., Ltd. (“WFH”), a financial holding company newly established by KDIC whose all equity stakes in Hanvit Bank, Peace Bank of Korea, Kwangju Bank, Kyongnam Bank, and Hanaro Merchant Bank (collectively, the “Subsidiaries”) was comprehensively transferred to WFH pursuant to Article 31 of the Financial Holding Company Act, by which WFH undertakes to fully implement in good faith the plans specified in the Management Improvement Plans attached hereto as Appendices (“Management Improvement Plans”) so as to become a leading financial institution in Korea by expediting the operational normalization of the Subsidiaries and establishing an efficiently-integrated o
AGREEMENT ON THE MANAGEMENT OF THE IMPLEMENTATION OF THE MANAGEMENT IMPROVEMENT PLANManagement Agreement • September 25th, 2003 • Woori Finance Holdings Co LTD
Woori Finance Holdings Co., Ltd. (“WFH”) and Kyongnam Bank (“Kyongnam”) made and entered into the following agreement (the “Agreement”) to concretely implement theAgreement on Implementation of the Management Improvement Plan (“Management Improvement Plan”) between WFH and Korea Deposit Insurance Corporation (“KDIC”) dated July 2, 2001, under Article 6 (Execution of Agreement between WFH and the Subsidiaries) of the Management Improvement Plan.
AGREEMENT ON THE MANAGEMENT OF THE IMPLEMENTATION OF THE MANAGEMENT IMPROVEMENT PLANManagement Agreement • September 25th, 2003 • Woori Finance Holdings Co LTD
Woori Finance Holdings Co., Ltd. (“WFH”) and Hanaro Merchant Bank (“Hanaro”) made and enter into the following agreement (the “Agreement”) to concretely implement the Agreement on Implementation of the Management Improvement Plan (“Management Improvement Plan”) between WFH and Korea Deposit Insurance Corporation (“KDIC”) dated July 2, 2001, under Article 6 (Execution of Agreement between WFH and the Subsidiaries) of the Management Improvement Plan.
AGREEMENT ON BUSINESS NORMALIZATION PLANBusiness Normalization Plan • September 25th, 2003 • Woori Finance Holdings Co LTD
This Agreement on the Business Normalization Plan is made and entered into by and between the Korea Deposit Insurance Corporation (“KDIC”), a special entity established and existing under the Depositor Protection Act to protect depositors and maintain the stability of the financial system, and Hanaro Merchant Bank (“Hanaro”), an insurance-covered company under the Depositor Protection Act. Pursuant to Article 38 Paragraph 1 of the Depositor Protection Act, KDIC, in four separate occasions, invested a total of W2,491.2 billion in Hanaro in order to restore business normalization, and Hanaro hereby undertakes to fully implement in good faith the business normalization plan attached hereto as Appendix 1 (“Business Normalization Plan”), which sets forth various matters necessary for its business normalization in accordance with the purposes set forth in Article 17 of the Public Fund Management Special Act.
AGREEMENT ON THE MANAGEMENT OF THE IMPLEMENTATION OF THE MANAGEMENT IMPROVEMENT PLANManagement Agreement • September 25th, 2003 • Woori Finance Holdings Co LTD
Woori Finance Holdings Co., Ltd. (“WFH”) and Hanvit Bank (“Hanvit”) made and entered into the following agreement (the “Agreement”) to concretely implement theAgreement on Implementation of the Management Improvement Plan (“Management Improvement Plan”) between WFH and Korea Deposit Insurance Corporation (“KDIC”) dated July 2, 2001, under Article 6 (Execution of Agreement between WFH and the Subsidiaries) of the Management Improvement Plan.
AGREEMENT ON BUSINESS NORMALIZATION PLANBusiness Normalization Plan • September 25th, 2003 • Woori Finance Holdings Co LTD
This Agreement on the Business Normalization Plan is made and entered into by and between the Korea Deposit Insurance Corporation (“KDIC”), a special entity established and existing under the Depositor Protection Act to protect depositors and maintain the stability of the financial system, and Kyongnam Bank (“Kyongnam”), an insurance-covered and insolvent company under the Depositor Protection Act. KDIC, using the deposit insurance fund which is established, operated and maintained in the manner and procedure pursuant to the Depositor Protection Act, the Public Fund Management Special Act, and other applicable laws and regulations, intends to invest a total of W 353 billion in Kyongnam among which W 259 billion will be invested through capital injection and W 94 billion through capital contribution in order to restore business normalization, and Kyongnam hereby undertakes to fully implement in good faith the business normalization plan attached hereto as Appendix 1 (“Business Normaliza
AGREEMENT ON THE MANAGEMENT OF THE IMPLEMENTATION OF THE MANAGEMENT IMPROVEMENT PLANManagement Agreement • September 25th, 2003 • Woori Finance Holdings Co LTD
Woori Finance Holdings Co., Ltd. (“WFH”) and Peace Bank of Korea (“Peace”) made and enter into the following agreement (the “Agreement”) to concretely implement the Agreement on Implementation of the Management Improvement Plan (“Management Improvement Plan”) between WFH and Korea Deposit Insurance Corporation (“KDIC”) dated July 2, 2001, under Article 6 (Execution of Agreement between WFH and the Subsidiaries) of the Management Improvement Plan.
AGREEMENT ON BUSINESS NORMALIZATION PLANBusiness Normalization Plan • September 25th, 2003 • Woori Finance Holdings Co LTD
This Agreement on the Business Normalization Plan is made and entered into by and between the Korea Deposit Insurance Corporation (“KDIC”), a special entity established and existing under the Depositor Protection Act to protect depositors and maintain the stability of the financial system, and Hanvit Bank (“Hanvit”), an insurance-covered and insolvent company under the Depositor Protection Act. KDIC, using the deposit insurance fund which is established, operated and maintained in the manner and procedure pursuant to the Depositor Protection Act, the Public Fund Management Special Act, and other applicable laws and regulations, intends to invest a total of W 4,642 billion in Hanvit among which W 2,764.4 billion will be invested through capital injection and W 1,877.6 billion through capital contribution in order to restore business normalization, and Hanvit hereby undertakes to fully implement in good faith the business normalization plan attached hereto as Appendix 1 (“Business Normal
AGREEMENT ON THE MANAGEMENT OF THE IMPLEMENTATION OF THE MANAGEMENT IMPROVEMENT PLANManagement Agreement • September 25th, 2003 • Woori Finance Holdings Co LTD
Woori Finance Holdings Co., Ltd. (“WFH”) and Kwangju Bank (“Kwangju”) made and entered into the following agreement (the “Agreement”) to concretely implement theAgreement on Implementation of the Management Improvement Plan (“Management Improvement Plan”) between WFH and Korea Deposit Insurance Corporation (“KDIC”) dated July 2, 2001, under Article 6 (Execution of Agreement between WFH and the Subsidiaries) of the Management Improvement Plan.
AGREEMENT ON BUSINESS NORMALIZATION PLANBusiness Normalization Plan • September 25th, 2003 • Woori Finance Holdings Co LTD
This Agreement on the Business Normalization Plan is made and entered into by and between the Korea Deposit Insurance Corporation (“KDIC”), a special entity established and existing under the Depositor Protection Act to protect depositors and maintain the stability of the financial system, and Kwangju Bank (“Kwangju”), an insurance-covered and insolvent company under the Depositor Protection Act. KDIC, using the deposit insurance fund which is established, operated and maintained in the manner and procedure pursuant to the Depositor Protection Act, the Public Fund Management Special Act, and other applicable laws and regulations, intends to invest a total of W 443.5 billion in Kwangju among which W 170.4 billion will be invested through capital injection and W 273.1 billion through capital contribution in order to restore business normalization, and Kwangju hereby undertakes to fully implement in good faith the business normalization plan attached hereto as Appendix 1 (“Business Normal
