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COPYRIGHT 2004 Asia Pulse Pty Ltd
SEOUL, Oct. 25 Asia Pulse - Foreign investors, who have racked up good returns in South Korea with little regulation, may face formidable challenges from December.
South Korean companies, which had been barred from setting up private equity funds, will be allowed to set them up when a new government regulation takes effect from Dec. 6.
A number of domestic players - banks, securities firms and asset management companies - are aggressively seeking to set up the funds, which could reward them with quick gains.
Leading the movement is the state-run Korea Development Bank, which aims to gather investors this month and set up a fund in December, with about 300 billion won (US$263 million) to 1 trillion...
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