Kumho-Asiana, KoreaÆs seventh-largest conglomerate with assets of W22.8 trillion, out-bid a number of competing bidders for what is one of the most attractive assets to come up for sale in Korea. Hanjin Group, LS Cable, GS, Nonghyup, Hyundai Heavy Industries, and STX are all said to have been interested in the offering. The sale is for 24 million new shares in Korea Express, equivalent to 60% of its expanded...
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