Is private equity turning patriotic?

Foreign private equity funds have made a bundle of money investing in Korea's banks. But domestic critics now suggest the funds have added little value to the country's financial institutions and it should, in future, think twice before selling its assets to such investors again. In response to a country-wide outcry, the government has now allowed domestic private equity funds to compete against foreign peers. But five months on, it's unclear whether the new funds are driven by returns, or nationalistic fervour aimed at stopping foreigners from gaining control of Korean assets. Chris Cockerill reports.