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In Korea, real-estate slowdown drives deal

Posted on 26 March 2012

Woongjin Group, a midsize Korean conglomerate, is launching a $2 billion stake sale at one of its most profitable businesses to help shore up a construction affiliate, one of the most visible signs of the impact a prolonged slowdown in South Korea’s real-estate market has had on many major companies.
The sale of a 30% stake in water-purification company Woongjin Coway Inc. is likely to be one of the biggest deals in South Korea this year………………………………………..Full Article: Source


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