KDB on Posco: shall we stay or shall we go?

Faced with a falling stock market and contracting ADR premium, the Korea Development Bank is becoming increasingly uncertain whether it wants to sell its stake in the steel giant next week.

As they try to come to terms with the unpalatable reality of offloading the bank's 6.84% stake far below a $20 target price, KDB officials are said to have been vacillating between one potential sale option and another all week.

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