Korea's smaller chaebol could own banks

SOUTH KOREA - South Korea may take the controversial step of turning to smaller conglomerates to sell off nationalised banks, the head of Seoul's top state-run thinktank suggested in a Reuters interview today, 3 June.

"I don't think it matters if you let chaebols, except for the three or four largest, become top stakeholders in banks," Korea Development Institute President Kang Bong-kyun said in an interview.

"The government shares this view."

Korea's highly leveraged conglomerates were blamed for

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