The saga that has run for the past decade in Korea’s banking sector seems, finally, to be reaching its climax. Yesterday, Hana Bank, the country’s fourth biggest lender, said that it will pay up to W4.75 trillion ($4.1 billion) for US private equity firm Lone Star’s 51% stake in Korea Exchange Bank (KEB). If successful, this will be Korea’s biggest ever bank acquisition.
¬ Haymarket Media Limited. All rights reserved.
