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Korea Asset May Sell Daewoo Ship, Ssangyong Shares in Block Sale

Sept. 29 (Bloomberg) -- Korea Asset Management Corp. may consider selling stakes it owns in Daewoo Shipbuilding & Marine Engineering Co., Ssangyong Engineering & Construction Co. and Ssangyong Cement Industrial Co. in separate block sales if it fails to find potential buyers. The comments were made in a report to lawmakers today. The agent has been working with Korea Development Bank, which also owns shares in the three companies, to sell the stakes.

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To contact the reporter on this story: Seonjin Cha in Seoul at scha2@bloomberg.net

To contact the editor responsible for this story: Kyunghee Park at kpark3@bloomberg.net

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