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Article: Prices not sole factor in sale of bailout firms: policy lender.
- Article from:
- YON - Yonhap News Agency of Korea
- Article date:
- October 30, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SEOUL, Oct. 29 (Yonhap) -- South Korea's state-run policy lender said Thursday it will consider not only prices but also potential buyers' business capabilities when it sells stakes in bailout companies. "Other than prices, there is also the need to consider bidders' capacity (to buy a firm) and their authenticity when selling major bailout companies," Ryu Jae-han, president of Korea Finance Corp., said in a news conference marking the corporation's inception. Korea Finance began operations on Wednesday after the state-run Korea Development Bank (KDB) was split into two entities -- Korea Finance and a holding firm, which will retain KDB's banking business. Korea Finance ...
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