KDB on Posco: shall we stay or shall we go?

Faced with a falling stock market and contracting ADR premium, the Korea Development Bank is becoming increasingly uncertain whether it wants to sell its stake in the steel giant next week.

As they try to come to terms with the unpalatable reality of offloading the bank's 6.84% stake far below a $20 target price, KDB officials are said to have been vacillating between one potential sale option and another all week.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at subscriptions@financeasia.com. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media