Company Overview of Korea Development Bank
Korea Development Bank provides banking and financial services in South Korea and internationally. It operates through Corporate Finance, Investment Finance, Asset Management, and Others segments. The company offers corporate banking services, including facility capital and working capital loans; equity investments, public/corporate bonds, and private placement securities; and debt, payment, and bond guarantees. It also provides investment banking solutions comprising mergers and acquisition services for local and foreign companies, primary and secondary equity offerings execution, divesture, debt restructuring, business reallocation consulting, and foreign capital inducement; venture capita...
Founded in 1954
Key Executives for Korea Development Bank
Chairman and Chief Executive Officer
Vice Chairman and Chief Operating Officer
Head of Risk Management Division and Senior Executive Director
Head of Regional Banking Division
Compensation as of Fiscal Year 2013.
Korea Development Bank Key Developments
Korean Government Planning To Exclude Foreign Investors From DSME Sale; Rosneft Reportedly Interested
Dec 10 13
Financial authorities of Korea are planning to prevent foreign investors from bidding for Daewoo Shipbuilding & Marine Engineering Co., Ltd. (KOSE:A042660) (DSME). According to government officials, the state policy decision came after Open Joint Stock Company Rosneft Oil Company (LSE:ROSN) was rumored to have recently expressed interest in DSME. The company was to be put up for auction in the coming months. An official cited national security reasons for the exclusion of non-Korean bidders, and stated, “hold defense-related technologies. Aside from commercial ships, Daewoo Shipbuilding produces warships and submarines.” The official also mentioned that any foreign investor would have to obtain Korean government's approval in case it intends to acquire more than a 10% stake in DSME. According to a few foreign news reports Rosneft was in contact with Korean government officials over possible bidding. Russian news report stated that Rosneft formed a consortium with Gazprombank (Open Joint-stock Company) and OAO Sovcomflot. Korean authorities have stated to push to sell DSME by the second half of 2014. The news report stated that the scheduled auction plan was mapped out by Korea Development Bank (KDB) and the Financial Services Commission (FSC), the two main shareholders of DSME. FSC is looking for a package deal through which it will dispose of most of its remaining 12.15% stake along with the 31.46% stake held by KDB.
STX Corp Reportedly Seeks Sale Of STX Europe
Oct 10 13
STX Corp. (KOSE:A011810) is planning to sell STX Europe ASA in an effort to reduce its massive debts, a report said. Korea Development Bank (KDB) will soon pick sale managers and draw up strategies for the sale of STX Europe, Yonhap news agency said. It quoted an unnamed KDB official as saying nothing has been decided yet on the scale of the sale, or how it will be carried out.
KDB To Sell Daewoo Shipbuilding In Early 2014
Sep 10 13
Korea Development Bank (KDB) decided to sell off its 31.46% share of Daewoo Shipbuilding & Marine Engineering Co., Ltd. (KOSE:A042660) stocks through an open bid early 2014 but the detailed date is yet to be announced, according to the report submitted during the week ending September 6, 2013 by the KDB to Kim Han-pyo of the ruling Saenuri Party. "Considering the ongoing slump of the shipbuilding industry, KDB will first review the trend of the domestic merger and acquisition market (before confirming the details of the sales)," the report said. Once the sale announcement is made, due diligence will be completed during the following six months. "KDB should refrain from pursuing only financial profit, and ensure that the sale takes place in the best interest of the nation.", said the lawmaker.
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