YTN shares held by state firms to be sold : comparemela.com

YTN shares held by state firms to be sold

YTN, Korea's first 24-hour news channel, is expected to find a new owner as early as September, as the government launched the procedures to sell its stake in the broadcaster earlier this week. According to the investment banking industry, state-run IT service management company KEPCO KDN, which holds a 21.43 percent stake in YTN, sent a request for proposals (RFP) to major financial firms to select a manager firm for the stake sale.

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