, Korea

Korea Development mulls bidding for Siam City

Move is KDB's response to Korean President's pressure to boost competency of state-owned banks by privatisation.

KDB Chief Executive Officer Min Euoo Sung is in Thailand for meetings with relevant officials, the person famliar with the matter said, declining to be identified because the talks are preliminary. Local newspaper Chosun Ilbo earlier reported the company's interest in Thailand's seventh-biggest lender.

Min aims to buy at least two lenders in Asia this year as South Korean President Lee Myung Bak pushes for privatisation of state-owned lenders. Thailand's central bank is seeking about $1 billion for its 47.6 percent stake in Siam City, people with knowledge of the matter said in November, according to a report in Bloomberg.

Thai’s central bank has said it plans to complete the sale by the end of March.

Follow the link for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

What is Lorem Ipsum?
What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Exclusives

Sed molestie interdum dui sit amet egestas
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
CIMB Niaga leads the way in captivating Indonesia’s youth
The bank’s digital solutions are winning over younger generations with 3.2M mobile users and 96% digital transaction rate in 2023.