Korean block trades raise $582 million

KDIC sells its remaining stake in Kepco on the back of a surge in the share price to raise $260 million, while another government entity sells $322 million worth of shares in Daewoo Shipbuilding.

As the country's largest power producer, Kepco is expected to be a key beneficiary of the latest increase in Korean electricity prices.

Anette Jönsson

November 20, 2013

A strong day in the Korean stock market on Tuesday prompted two government-linked entities to sell shares in a couple of large Korean bluechips after the close, raising a combined $582 million.

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