Lone Star $3 Billion Cost in Korea Shows Foreign Peril

Lone Star $3 Billion Cost in Korea Shows Foreign Peril

Seong Joon Cho/Bloomberg

Lone Star, which won control of Korea Exchange Bank in 2003 when no local lenders were interested, spent more than five years entangled by courts, regulators and lawmakers as the fund incited public backlash over the profits on its investment.