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Ethical standards are important to every business. Yet in the finance sector, where millions or billions of won in transactions are made daily, their importance is significantly higher. ....
In October 2012, I wrote a book titled “Lone Star: An Uncomfortable Truth.” Hana Financial Group s acquisition of Korea Exchange Bank (KEB) had been decided in February that year, and Lone Star, which was involved in numerous lawsuits in Korea, sent a notice of intent for arbitration through the International Centre for Settlement of Investment Disputes (ICSID) against the Korean government in May. ....