Sale eyed for Daewoo Shipbuilding
SEOUL, South Korea (Reuters) -- South Korea aims to sell a controlling stake in Daewoo Shipbuilding and Marine Engineering, currently valued at 2.5 trillion won ($2.5 billion), in the second half of 2006, a lead creditor said on Wednesday.
State-run Korea Development Bank (KDB) and government restructuring agency KAMCO own a combined 50.6 percent stake in the world's second-biggest shipbuilder.
The market has been awaiting news of the sale process, along with developments on upcoming deals to sell controlling stakes in Korea Exchange Bank and LG Card Co. Ltd
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