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KOREA'S KORAM BANK YET TO APPROVE LG CARD BAILOUT.
SEOUL, Feb 2 Asia Pulse - Koram Bank (KSE:16830) has not yet decided whether to agree to the LG Card (KSE:32710) bailout package ironed out between its creditors, LG Group and government meditators.
"We held a board of directors meeting by phone with those in the U.S. on Thursday, but we could not reach a conclusion," a Koram Bank official said Friday. It will hold another meeting on Feb. 3.
Korea Exchange Bank (KSE:04940), the only other bank that has not yet approved the bailout, is expected to specify its position after its new head, Robert Fallon, officially takes the post Friday.
The Ministry of Finance and Economy said Tuesday that the two banks were dragging their feet on issuing an approval from their respective board of directors that ...
- KORAM BANK YET TO APPROVE LG CARD BAILOUT.
- News wire article from: YON - Yonhap News Agency of Korea January 30, 2004 700+ words
...Jan. 30 Asia Pulse --Koram Bank has not yet decided whether to agree to the LG Card bailout package ironed...reach a conclusion," a Koram Bank official said Friday...this month, creditors of LG Card agreed to a bailout for...
- KOREA'S KORAM BANK YET TO APPROVE LG CARD BAILOUT.
- News wire article from: Asia Africa Intelligence Wire February 2, 2004 700+ words
...SEOUL, Feb 2 Asia Pulse - Koram Bank (KSE:16830) has not...whether to agree to the LG Card (KSE:32710) bailout...reach a conclusion," a Koram Bank official said Friday...this month, creditors of LG Card agreed to a bailout for...
- KORAM BANK DIRECTORS TO DISCUSS LG CARD BAILOUT AGAIN.
- News wire article from: Asia Africa Intelligence Wire February 3, 2004 700+ words
...SEOUL, Feb 3 Asia Pulse - KorAm Bank (KSE:016830) said Tuesday...bailout package for debt-ridden LG Card Co. (KSE:032710). A meeting...previous warning that those LG Card creditors which fail to endorse...week. Early last month, 16 LG Card creditors, LG Group and the...
- S KOREA'S KORAM BANK FAILS TO DECIDE ON LG CARD BAILOUT.
- News wire article from: AsiaPulse News February 4, 2004 700+ words
SEOUL, Feb 4 Asia Pulse - KorAm Bank (KSE:016830), South Korea...bailout package for debt-ridden LG Card Co (KSE:032710). The bank...previous warning that those LG Card creditors which fail to endorse...week. Early last month, 16 LG Card creditors, LG Group and the...
- KorAm Bank to Join Rescue Plan for LG Card.
- News wire article from: YON - Yonhap News Agency of Korea February 5, 2004 700+ words
...After days of hanging back, KorAm Bank decided Thursday to join a massive effort to save struggling LG Card Co., the nation's largest...billion) rescue package for LG Card, which is reeling under hefty...a KorAm official said. LG Card's 16 major creditors put...
- KOREA'S KORAM BANK TO JOIN RESCUE PLAN FOR LG CARD.
- News wire article from: Asia Africa Intelligence Wire February 5, 2004 700+ words
...After days of hanging back, KorAm Bank (KSE:16830) decided Thursday...massive effort to save struggling LG Card Co. (KSE:32710), the...billion) rescue package for LG Card, which is reeling under hefty...a KorAm official said. LG Card's 16 major creditors put...
- Citigroup takes US$2.7B step into S. Korea: To buy Koram Bank: Biggest...
- News wire article from: The America's Intelligence Wire February 24, 2004 700+ words
...Citigroup Inc. agreed to buy Koram Bank for 3.18-trillion won (US...profitability in preparation for a sale. LG Card Co., South Korea's largest credit...Citigroup agreed to buy 36.6% of Koram Bank, Korea's sixth-largest bank...
- CARLYLE REAPS US$70.45 MLN FROM SALE OF S KOREA'S KORAM BANK.
- News wire article from: Asia Africa Intelligence Wire February 24, 2004 700+ words
...45 million) from the sale of KorAm Bank (KSE:016830), the seventh largest...participate in the support of ailing LG Card Co., which differed from the U...huge profit from the investment in KorAm Bank and we will continue to play a leading...
- SOUTH KOREA: CREDIT RATINGS OF KORAM BANK RAISED.
- News wire article from: Asia Africa Intelligence Wire August 17, 2004 700+ words
...Moody's Investors Service has raised KorAm Bank's credit ratings: subordinated debt...announcement that it would acquire KorAm Bank. The upgraded credit ratings is underpinned...resources to provide financial assistance to KorAm Bank if needed. The change in BFSR outlook...
- 'Best Quality' Koram Bank makes striking turnaround.
- News wire article from: Asia Africa Intelligence Wire September 27, 2002 700+ words
(From The Korea Herald) Koram Bank was founded with foreign capital...a period of nearly two decades, Koram Bank has grown quite successful. On...has resulted in steady growth. Koram Bank has brought about many sweeping...
Source: HighBeam Research, KOREA'S KORAM BANK YET TO APPROVE LG CARD BAILOUT.