LG Card is hopeful that a local buyer will take it over, but South Korea’s top credit card issuer will not reject a foreign investor’s overtures if the price is right, its CEO said on Thursday.
The comment comes amid a controversy about the growing foreign presence in the country’s financial sector, particularly after some foreign investors earned big capital gains by selling stakes in banks that had been saved with public money after the 1997-98 Asian financial crisis.
For this complete story, please visit S. Korea LG Card Hopes to Find Local Buyer.
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