New Korean administration expected to overhaul public firms

12/24/2007 | Korea Times (Seoul), The

The new Korean administration, led by President-elect Lee Myung-bak, is expected to make drastic changes to state-invested public companies to make them more efficient and profit-oriented. Lee has said he will privatize public financial firms, including the Korea Development Bank. He says the state-owned banks provide unfair competition to private banks.

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Korea Times (Seoul), The

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