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AHNKWON & CO. TO CONDUCT DUE DILIGENCE ON KOREA'S CHOHUNG BANK.

AsiaPulse News

| February 04, 2003 | COPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, Feb 4 Asia Pulse -- The accounting firm of AhnKwon & Co. has been selected to carry out due diligence on the value of Chohung Bank (CHB) (KSE:00010), the Korea Deposit Insurance Corp. (KDIC) said.

The state-run deposit insurer said that AhnKwon was part of the Deloitte Touche Tohmatsu (DTT) international team, and qualified to review the current worth and future growth potential of Chohung in an impartial manner. The due diligence is being conducted to remove concerns that the government was trying to sell the bank cheaply.

The KDIC said that it made the decision after receiving proposals from 10 accounting firms submitted last month, of ...

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Source: HighBeam Research, AHNKWON & CO. TO CONDUCT DUE DILIGENCE ON KOREA'S CHOHUNG BANK.

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