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S.Korea to Allow Foreign Investment in Daewoo

Maritime Activity Reports, Inc.

September 8, 2008

will invite foreign investment in the sale of government shares in Daewoo Shipbuilding & Marine Engineering and other domestic firms to boost foreign currency liquidity.  

According to reports, the government said it will make every effort to attract an appropriate level of foreign investment in the process of selling shares in restructuring companies.

Source:  Reuters

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