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(From Asia Pulse)
SEOUL, Nov 19 Asia Pulse - LG Insurance Co. (KSE:02550), the non-life insurance unit of South Korea's second-largest business group, said it had sold 3.36 million shares of Hanaro Telecom Inc (KOSDAQ:33630).
In a regulatory filing, the company said it sold the stake for 15.6 billion won (US$13.24 million) from Nov. 10 to 19.
After the transaction, its holding in the broadband operator declined to 4.36 million shares, or 1.56 per cent of Hanaro's total outstanding stock.
The move comes less than a week after LG Corp., the holding …