KDB’s Samurai points to post-privatisation levels

06 Aug 2008

Korea Development Bank sold a ¥32bn ($292m) Samurai issue this week that was seen in some quarters as a test of how the Korean government’s privatisation plan is affecting its costs of funds.

The government is planning to privatise KDB, and has said that it will sell 51% of its stake in the bank by the end of next year.

The country’s Financial Services Commission said in June that it wants to privatise KDB and merge it with Daewoo Securities to "realise ...

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