S.Korea KDB may raise GM Daewoo stake -officials

Newswire

SEOUL, April 30 (Reuters) - Korea Development Bank (KDB) is considering raising its stake in GM Daewoo, the South Korean unit of cash-strapped General Motors Corp , officials at the state-run bank said on Thursday. "We have expressed that we might consider raising our stake in GM Daewoo to GM," a KDB official told Reuters by telephone, asking not to be identified as he was not authorised to speak to the press. State-run KDB is in talks with GM on possible financial support for GM Daewoo, ...

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