S. Korea’s asset management company may take over BDA: sources

Yonhap 4/27/2007 South Korea’s state debt-restructuring agency may take over Banco Delta Asia (BDA), which is now virtually facing bankruptcy over accusations of engaging in money laundering for North Korea, diplomatic sources here said Friday. Last month, the U.S. Treasury Department ordered all U.S. banks and companies to sever ties with the BDA, putting the … Continue reading S. Korea’s asset management company may take over BDA: sources