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Article: KDB'S ACQUISITION OF DAEWOO SECURITIES NOT TEMPORARY: CEO.
- Article from:
- AsiaPulse News
- Article date:
- May 9, 2000
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SEOUL, May 9 Asia Pulse - Daewoo Securities (KSE: 06800) CEO Park Jong-soo on Tuesday said the Korea Development Bank's (KDB) acquisition of his company is a strategic alliance conducted under financial restructuring and is not a temporary deal.
"The KDB's move is a part of internal financial restructuring that the bank is taking to become a world-class investment ...