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Article: ASIANA, 12 OTHER KOREAN FIRMS ILLEGALLY INVEST IN OFFSHORE FUNDS.
- Article from:
- AsiaPulse News
- Article date:
- September 9, 2002
CopyrightCOPYRIGHT 2002 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, Sept 9 Asia Pulse - As many as 13 domestic firms established or invested in offshore funds illegally since 2001, a ruling party lawmaker said.
Rep. Park Byeong-seug of the ruling Millennium Democratic Party said that Asiana Airlines (KSE:20560), Daewoong Pharmaceutical Co. (KSE:03090), Kyungnam Energy Co. (KSE:08020), Koreacottrell and Nara & Co. established offshore funds abroad without government permission.
Park also quoted ...