S Korea’s state bank withdraws from Daewoo Engineering sale (People’s Daily)
South Korea’s state-run Korea Development Bank (KDB) said Tuesday it will withdraw from its role as a main arranger for the sale of Daewoo Engineering & Construction Co. and consider providing financial support to its buyer. “Considering various conditions including a controversy over interest conflicts, we decided to drop our role as a main arranger for the sale of Daewoo Engineering after …