It has agreed a deal with Investor United at KRW 2.2bn ($2.12m), a regulatory filing to the Singapore stock exchange said.
In 2011, the former STX company ventured fully into ship financing by buying the remaining 84.4% of the lender for $30.5m.
Initially, Pan Ocean unsuccessfully tried to reach an agreement for the disposal with Hankuk Steel Wire.
The contract with Investor United is pending approval from the Financial Service Commission of Korea.
