The South Korean government is planning to sell its 35-percent controlling stake in Daewoo Heavy Industries & Machinery, the Financial Times reported last week. State-run Korean Asset Management Corporation named Credit Suisse First Boston to conduct a feasibility study and advise the government of the best method for selling the stake. A Korean Asset Management Corporation official said a final decision on the sale was not expected for three to five months and a deal was not imminent.
South Korea planning to sell stake in Daewoo Heavy Industries
September 8, 2003