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KDB to be more flexible as it prioritises DSME privatisation

Korea Development Bank is now open to ‘flexibility in pricing’ and splitting up Daewoo Shipbuilding & Marine Engineering, says new bank chairman

After the stalled attempt to merge it with Hyundai Heavy Industries, Korea Development Bank has now made it a priority to privatise Daewoo Shipbuilding & Marine Engineering, claiming it is not efficient for the bank to remain the majority shareholder

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