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KDIC OFFERS US$3.4 BLN TO HELP KOREAN BANKS WRITE OFF INVESTMENT LOSSES.

AsiaPulse News

| October 01, 2002 | COPYRIGHT 2002 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, Oct 1 Asia Pulse - The Korea Deposit Insurance Corp. (KDIC) has offered 4.4 trillion won (US$3.4 billion) in public funds to several financial institutions to help cover losses incurred by investment in stocks and other financial products.

A KDIC report to the National Assembly showed Korea Investment Trust Management & Securities used 1.8 trillion won of ...

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Source: HighBeam Research, KDIC OFFERS US$3.4 BLN TO HELP KOREAN BANKS WRITE OFF INVESTMENT...

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