By Jonathan Breen 08.00 AM A South Korean state-backed insurer pared its stake in Woori Financial Group this week, selling a chunk of shares for W149.3bn ($133.2m), according to a source familiar with the matter. Korea Deposit Insurance Corp (KDIC) turned to investors on Thursday, offering 14.4m of its shares in Seoul-based banking and finance giant Woori Financial. The block represented 2% of the group’s share capital.Bookrunners JP Morgan, Mirae Asset Securities and Samsung Securities held an accelerated bookbuild for the deal ... Already a subscriber? Login