Korea Telecom shortlists six

Three European and three US houses have made it through to the second round for the company''s forthcoming ADR.
Presentations for a roughly $2.3 billion deal will take place on Monday. The company has said that it will appoint one European house and one US house from a shortlist comprising Credit Suisse First Boston classifying itself this time as a European house, Goldman Sachs, ING Barings, Morgan Stanley, Salomon Smith Barney and UBS Warburg.

A decision is expected fairly quickly despite recent comments from the Deputy Finance Minister that the government needs to maintain a flexible privatization timetable. MOFE official Kim Jin Pyo was reported on domestic television arguing that the government needs to be careful with its timing because it is trying to sell a large number of shares...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222