KT CORP. TO BE DECLEARED AS MAJORITY SHAREHOLDER FOR ONLINE K-BANK

Highlights –

• Online only K-Bank stops lending due to shortage of funds, business down
• KT CORP. attempt to increase its stake in K bank has so far been futile, even after investing
• National Assembly, on Wednesday, gave the green light to a legislative proposal to raise funds

South Korea’s National Assembly Legislation and Judiciary Committee on Wednesday (5 ....