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Headline: Sale of Seoul Bank poses a quandary Source: Euromoney Date: September 2001 Author: Chris Cockerill The Korean government wants to sell Seoul Bank to a blue-chip foreign strategic investor. But the likes of HSBC aren’t interested. So how far should the government compromise and maybe encourage a private-equity fund? The problem is that in the run-up to an election, the government is hemmed in by the favourable deal it struck with Newbridge, which was widely ridiculed by the local media. |
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