Financial Times FT.com

South Korea to lend shares in state firms

By Song Jung-a in Seoul

Published: May 15 2008 17:02 | Last updated: May 15 2008 17:02

The South Korean government plans to lend shares in state-run companies such as Industrial Bank of Korea, Korea Gas Corp and Korea Electric Power Corp to investors to boost returns from its stockholdings.

The finance ministry said this week it would revise the related law by the end of this year and implement the scheme next year. "We aim to make profits from our securities more actively by adopting financial methods used by private corporations,” the ministry said in a statement.

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