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Panel Giving Reforms a Push

July 10,2001
The Financial Supervisory Commission will expedite on-going reforms in the financial and industrial sectors, including selling Hyundai Investment Trust and Securities Co., Lee Keun-young, chairman of the commission said Monday in a meeting with President Kim Dae-jung.

Mr. Lee reported to the president the progress made in the selling of Hyundai to the U.S.-based AIG, Daewoo Motor to General Motors and state-owned financial institutions.

Mr. Lee said the restructuring of Hyundai Group's affiliates is almost settled and he would discuss the situation with creditors.



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