Korean regulators to investigate KEB
South Korean regulators have launched a probe into the inside operations of Korea Exchange Bank (KEB) to ensure that the lender complied with court orders to fire members of its board related to embattled owner Lone Star.
The probe comes the same week that US-based Lone Star was ordered to sell down the majority of its 51% stake in KEB to 10% or less within six months. Lone Star was found unfit to be KEB's majority owner...
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