Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Jung's paternity reveal exposes where Korea stands on extramarital babies

    Jung's paternity reveal exposes where Korea stands on extramarital babies
  2. 2

    Samsung entangled in legal risks amid calls for drastic reform

    Samsung entangled in legal risks amid calls for drastic reform
  3. 3

    Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul

    Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul
  4. 4

    [Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'

    [Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'
  5. 5

    Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations

    Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations
  1. 6

    [Health and care] Getting cancer young: Why cancer isn’t just an older person’s battle

    [Health and care] Getting cancer young: Why cancer isn’t just an older person’s battle
  2. 7

    K-pop fandoms wield growing influence over industry decisions

    K-pop fandoms wield growing influence over industry decisions
  3. 8

    Korea's auto industry braces for Trump’s massive tariffs in Mexico

    Korea's auto industry braces for Trump’s massive tariffs in Mexico
  4. 9

    [Graphic News] International marriages on rise in Korea

    [Graphic News] International marriages on rise in Korea
  5. 10

    Seoul's first snowfall could hit hard, warns weather agency

    Seoul's first snowfall could hit hard, warns weather agency
소아쌤

[Market Now] Re-auction of KDB Capital fails

By Korea Herald

Published : May 24, 2016 - 16:55

    • Link copied

The state-run Korea Development Bank has once again failed to sell its subsidiary KDB Capital.

KDB said in a statement that only one bidder participated in the final bidding for KDB Capital that closed at noon Tuesday, which did not result in a binding competition.

Korea Development Bank headquarters (Yonhap) Korea Development Bank headquarters (Yonhap)

In the preliminary bidding in March, U.S. private equity giant Carlyle, a private equity firm set up by SK Securities and a non-financial company based in Korea were selected as the three suitors.

The policy bank failed to sell its 99.92 percent stake in KDB Capital in November last year due to lack of interest from potential bidders.

The company’s book value is estimated at 593.3 billion won ($688 million)

Local news reports speculated the price for KDB Capital would be around 600-700 billion won.

By Kim Yoon-mi (yoonmi@heraldcorp.com)

More from Headlines