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2009/10/27 10:21 KST
S. Korea to sell 7 pct stake in Woori Finance in Nov.

SEOUL, Oct. 27 (Yonhap) -- South Korea plans to sell a 7 percent stake in Woori Finance Holdings Co. in November as part of its efforts to retrieve public funds, government sources said Tuesday.

The sale is to take place through a block trade arrangement, and is part of an effort to unload the government's 73 percent share of South Korea's No. 2 financial services company.