Korean block trades raise $582 million

KDIC sells its remaining stake in Kepco on the back of a surge in the share price to raise $260 million, while another government entity sells $322 million worth of shares in Daewoo Shipbuilding.
As the country's largest power producer, Kepco is expected to be a key beneficiary of the latest increase in Korean electricity prices.
As the country's largest power producer, Kepco is expected to be a key beneficiary of the latest increase in Korean electricity prices.
November 20, 2013

A strong day in the Korean stock market on Tuesday prompted two government-linked entities to sell shares in a couple of large Korean bluechips after the close, raising a combined $582 million.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media