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Few want to own stocks in a country that has been as unfriendly to shareholders as South Korea has been. The government is trying to change that by using.
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As the Korea Development Bank (KDB) contemplates relocating to Busan, various provincial administrations are vying to attract the Industrial Bank of Korea (IBK) to their regions. They anticipate that the bank might be included in the second phase of relocations, in line with the government s policy to decentralize state-run institutions from Seoul.