Bloomberg News

Korea Asset May Sell Daewoo Ship, Ssangyong Shares in Block Sale

September 28, 2011

Sept. 29 (Bloomberg) -- Korea Asset Management Corp. may consider selling stakes it owns in Daewoo Shipbuilding & Marine Engineering Co., Ssangyong Engineering & Construction Co. and Ssangyong Cement Industrial Co. in separate block sales if it fails to find potential buyers. The comments were made in a report to lawmakers today. The agent has been working with Korea Development Bank, which also owns shares in the three companies, to sell the stakes.

To contact the reporter on this story: Seonjin Cha in Seoul at scha2@bloomberg.net

To contact the editor responsible for this story: Kyunghee Park at kpark3@bloomberg.net


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