Friday, March 29, 2013

FOXBusiness.com: South Korea Dials Back Plan to Privatize State Banks

FOXBusiness.com
FOX Business Network - The Power to Prosper
South Korea Dials Back Plan to Privatize State Banks
Mar 29th 2013, 06:46

The South Korean government will scrap a $1.8 billion plan to privatize Korea Development Bank and scale back the sale of its stake in Industrial Bank of Korea (024110.SE), the Ministry of Strategy and Finance said Friday.

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