The CEO of Korea Development Bank has confirmed that the bank is negotiating with Lehman Bros. about possible investment in the investment bank. KDB's new chairman, Min Euoo-sung -- formerly head of Lehman Bros. in Korea -- said that the U.S. subprime meltdown had created opportunities for the Korean bank to expand overseas and that he was seeking takeover opportunities.
more at http://www.ft.com/cms/s/0/868c6590-78a9-11dd-acc3-0000779fd18c.html
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