Shunned by Korea? Global banks should shrug

Global investment banks missed out on the Korean government’s latest stake sale. There’s reason to think they will not mourn for long.

As South Korea unveiled the details of its long-stalled plan to privatise one of the country’s biggest banks this week, international bankers barely murmured. The reason was simple — none of them were involved in the transaction.

¬ Haymarket Media Limited. All rights reserved.

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