Citigroup's Trojan Horse

The inside story on how Citigroup got Koram Bank and how it promises to revolutionise the Korean banking sector

When the Carlyle consortium initially bought its controlling 40.5% stake in Koram Bank in October 2000, it had been codenamed 'Project Goldfinger', after the James Bond movie.

Carlyle's Asian boss, Michael Kim had confessed that they named all of their projects after James Bond movies. So which Bond codename was used for the $2.7 billion sale of Koram to Citigroup

Actually, we ran out of James Bond film titles to use, says Kim, who was caricatured as a Korean-version of Sean Connery on our December 2000 cover.

This time, as we discuss the recent transaction the blockbuster movie, Troy enters the conversation. Should...

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