Extra! Korea

January 3, 2010

Upheld: Sale of Korea Exchange Bank to Lone Star was not illegal

Filed under: crime, economics — extrakorea @ 1:51 pm

From Yonhap News:

A Seoul appellate court on Tuesday upheld a lower court’s ruling that the 2003 sale of Korea Exchange Bank (KEB) to U.S. equity firm Lone Star Fund was not conducted at a below-market price, a verdict that cleared government and banking officials involved in the sale of breach of trust charges.

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2 Comments »

  1. […] This post was mentioned on Twitter by KingSejong, KingSejong. KingSejong said: Upheld: Sale of Korea Exchange Bank to Lone Star was not illegal http://tinyurl.com/y9e9q6p […]

    Pingback by Tweets that mention Upheld: Sale of Korea Exchange Bank to Lone Star was not illegal « Extra! Korea -- Topsy.com — January 3, 2010 @ 4:53 pm

  2. […] I’m sure no one following the Lone Star issue is surprised by this news. […]

    Pingback by ROK Drop Weekly Linklets – January 3, 2010 | ROK Drop — January 3, 2010 @ 10:07 pm


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