Creditors to Step Up Efforts to Sell LG Card

Published on:
12 September 2006 at 10:18 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00006030-creditors-to-step-up-efforts-to-sell-lg-c/

Creditors are expected to step up efforts to sell LG Card this year, after securing a last-minute Won1,000bn ($964 million) rescue package for South Korea?s largest credit card issuer.

Investors including HSBC, Citigroup and Woori Financial Group have signalled they might consider buying the struggling credit card company, state-run Korea Development Bank, LG Card?s lead creditor, said on Monday.

For this complete story, please visit Creditors to Step Up Efforts to Sell LG Card.

Creditors to Step Up Efforts to Sell LG Card

Unknown Author

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