TITLE

Stuck in Limbo

AUTHOR(S)
Salmon, Andrew
PUB. DATE
December 2007
SOURCE
Forbes Asia;12/24/2007, Vol. 3 Issue 22, p34
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses issues regarding the planned sale of Korea Exchange Bank. According to the article, the South Korean government would not let the bank's owner, U.S. private equity firm Lone Star Funds, sell the bank. The standoff is spooking overseas investors. Foreign investment in Korea fell 12 percent from 2004 to 2006, to $11.2 billion, and was down another 16 percent in the first three quarters of 2007, compared with the same period in 2006.
ACCESSION #
28605891

 

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