DeutscheÆs Korean double whammy

Events between Deutsche Bank and SeoulBank are taking an interesting turn.

After a Financial Times story reported that Deutsche Bank was bidding for a controlling stake in SeoulBank, the German institution has sought to clarify the situation.

It has stated categorically that its private equity arm, DB Capital Partners, is making the bid -- and not Deutsche Bank AG.

The situation gets more interesting when you consider that Deutsche Bank is the advisor to the Korean government on the sale of SeoulBank --  a situation which might seem to the naked eye to be a conflict of interest.

FinanceAsia understands that Deutsche has not put itself in this rather strange position on a whim.

Deutsche was given...

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