S.Korea says Lone Star/KEB deal illegal: prosecutor
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South Korea has found illegal aspects in the 2003 sale of Korea Exchange Bank (KEB) to U.S. fund Lone Star, a senior prosecutor said on Thursday, which may eventually lead the courts to declare the deal void.
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U.S. investment firm Lone Star  has stopped talks with Singapore's DBS Group Holdings Ltd.  to sell Korea Exchange Bank (KEB), Yonhap news quoted Lone Star's chairman as saying on Sunday.
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U.S. buyout fund Lone Star said on Sunday  it was still in talks with South Korea's Kookmin Bank  (060000.KS) to sell Korea Exchange Bank (KEB) (004940.KS) but  may decide to scrap a preliminary deal reached in May.
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SEOUL Sovereign Asset Management, the largest shareholder of SK Corp., said Sunday that it would take legal action after directors of South Korea&#39;s biggest oil refiner refused a request for an extraordinary general meeting.
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South Korea's president approved an independent probe of his successor Wednesday over financial fraud allegations that have cast a cloud over the incoming conservative's landslide election win.
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U.S. equity fund Lone Star  is selling part of its two-thirds stake in Korea Exchange Bank (KEB)  in a block trade to raise up to $1.08 billion, sources familiar with the deal said on Thursday.
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South Korea on Monday slapped a temporary ban on the import and sale of plasma display panels made by Japan&#39;s Matsushita Electric Industrial Co.
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South Korea's tax tribunal ruled in favor of the National Tax Office's decision to impose taxes on Lone Star related to the purchase of an office building, the Finance Ministry said on Thursday.
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U.S. private equity house Lone Star said on Friday it sold a stake in Korea Exchange Bank as well as two domestic firms for a total of $2.3 billion, speeding up disposals of controversial South Korean investments.
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South Korea's justice ministry said Monday it would accept a plan for an independent inquiry into new claims opposition presidential election frontrunner Lee Myung-Bak was linked to a fraud case.
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South Korea's National Pension Service is interested in buying a 51 percent stake in Korea Exchange Bank (KEB) from U.S. investment firm Lone Star, the fund's chief investment officer told Reuters on Tuesday.
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U.S. buyout fund Lone Star is close to terminating its $7.3 billion deal to sell Korea Exchange Bank (KEB) to Kookmin Bank  because of a prosecutors' investigation, the Financial Times reported on Wednesday.
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The UN nuclear watchdog says South Korea's illegal nuclear tests were on a bigger scale than declared.
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The World Trade Organization has ruled against European Union claims that the Korean government provided illegal subsidies to its shipbuilding industry, the Ministry of Foreign Affairs and Trade said today.
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South Korea denies rumours it paid a big ransom for the release of hostages held by the Taleban in Afghanistan.
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South Korean antitrust regulators have issued preliminary allegations against IntelÂ forÂ allegedly undermining competition in its PC microprocessor market, but formal charges won't be made for at least another month.
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U.S. buyout fund Lone Star is close to  terminating its $7.3 billion deal to sell Korea Exchange Bank  (004940.KS) to Kookmin Bank (060000.KS), as a prosecutor  investigation made the sale nearly impossible, the Financial  Times reported on Wednesday.