Reuters: Deals: South Korea keeps JP Morgan, Samsung Sec, Daewoo Sec for Woori sale: source

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South Korea keeps JP Morgan, Samsung Sec, Daewoo Sec for Woori sale: source Mar 13th 2012, 09:39 SEOUL | Tue Mar 13, 2012 5:39am EDT SEOUL (Reuters) - South Korea plans to extend a deal with JP Morgan (JPM.N), Samsung Securities Co Ltd (016360.KS) and Daewoo Securities Co Ltd (006800.KS) to manage the stalled sale of Woori Finance Holding Co Ltd (053000.KS), a source with direct knowledge of the matter said on Tuesday. The three banks were picked as sale managers in 2010, when the government launched the full-scale sale of Woori, but the deal has failed twice because of a lack of bidders. The source was not authorized to speak to media and declined to be identified.

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