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Article: ING Group Rules Out Extra Investment in Kookmin Bank.
- Article from:
- YON - Yonhap News Agency of Korea
- Article date:
- October 31, 2003
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SEOUL, Oct.31 (Yonhap) -- ING Group of the Netherlands has no plans to buy an extra stake in Kookmin Bank, the country's largest lender, according to its top official in the Asia-Pacific region. "ING Group focuses on further promoting and developing its relations with its strategic partner Kookmin Bank, but we don't have any plans to purchase more stake in the lender," Alexander Rinnoy Kan, chairman of ING Group's Asia-Pacific executive committee, said.ING Group, the second-largest shareholder of Kookim Bank with a 3.87-percent stake, had originally planned to acquire an additional 2-percent stake in Kookmin, or 6.36 million shares, in return for gaining the ...