Seoul shares end steady, Daewoo jumps on sale plan

Newswire

By Park Jung-youn SEOUL, March 26 (Reuters) - Seoul stocks closed up 0.3 percent on Wednesday after moving sideways for most of the session, although Daewoo Shipbuilding and Marine Engineering Co surged as a stake sale process kicked off. Daewoo closed up 10.77 percent at 36,500 won after state-run Korea Development Bank, Daewoo's top shareholder, said it would start the sale process for a 50.4 percent stake in the world No.3 shipbuilder, but gave no detailed timeframe. However LG ...

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