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Kamco Plans to Buy $2.2 Billion of Distressed Assets in 2012

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Jan. 1 (Bloomberg) -- Korea Asset Management Corp. said it plans to acquire 2.5 trillion won ($2.2 billion) of bad debt this year, said Chief Executive Officer Chang Young Chul in an e-mailed statement today.

To contact the reporter on this story: Taejin Park in Seoul at tpark31@bloomberg.net

To contact the editor responsible for this story: Nicholas Wadhams at nwadhams@bloomberg.net

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