KDB head says bank is in no hurry to sell Daewoo E&C

Home > Business > Finance

print dictionary print

KDB head says bank is in no hurry to sell Daewoo E&C

The head of the state-run Korea Development Bank (KDB) said Tuesday that the KDB is in no hurry to sell Daewoo Engineering & Construction and will focus on boosting the corporate value of the builder.

The fate of Daewoo Engineering was thrown into uncertainty earlier this year after a smaller builder, Hoban Construction, dropped its bid to buy the company. A fund set up by KDB holds a 50.75 percent stake in Daewoo Engineering.

“We aim to reorganize Daewoo Engineering for now and sell it at a good price,” said Lee Dong-gull, chairman of the KDB.


More in Finance

Corporations rush to bond market to lock in the low rates

Record breaking

Social distancing to be eased for shareholder meetings

Alternative investment guidelines issued by FSS, Kofia

Kospi hits yet another all-time high after Biden inauguration

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now