BUSINESSWEEK ONLINE : JULY 5, 1999 ISSUE
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INTERNATIONAL -- ASIAN BUSINESS

Korea's Stalled Deals


COMPANY             STATUS

KOREA FIRST BANK    Newbridge Capital offer to buy 51% stake
                    held up over a dispute over asset values.

KOREAN LIFE         The government is asking $1.5 billion but
INSURANCE           has rejected bids in two auctions.

SEOULBANK           HSBC has offered $700 million for a 70%
                    stake. Talks are continuing.

DATA: BUSINESS WEEK


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RELATED ITEMS
Is Seoul Losing the Nerve for Financial Reform? (int'l edition)

TABLE: Korea's Stalled Deals



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