IBK Fund Makes Profit of 14.8 Bil. from Samick Deal

SEOUL, June 23 (Korea Bizwire) - Industrial Bank of Korea sold off all its holdings in Samick Musical Instrument. The bank, in partnership with KDB Capital, purchased bonds with warrant on the musical instrument maker last year and succeeded in netting 14.8 billion won in profit. According to the Financial Supervisory Service on June 20, [...]