Article: (2nd LD) S. Korea to sell KDB by 2012.

SEOUL, June 2 (Yonhap) -- South Korea plans to sell the state-owned Korea Development Bank (KDB) by 2012 through share and private sales and will set up a policy financing fund this year, the country's financial watchdog said Monday.According to a plan laid out by the Financial Services Commission (FSC), which is subject to parliamentary approval, the government will put the KDB and its three affiliates including Daewoo Securities Co. under a holding company and establish a policy financing agency, tentatively named the Korea Development Fund, by the end of the year. The government will sell 49 percent of the holding company by 2010, and seek an initial public next ...

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