Korea Tax Raid On Lone Star Offices
South Korean tax officials have again raided Lone Star’s offices in Seoul, seizing documents relating to the US private equity fund’s recent asset sales worth $2.3bn.
The raid, which comes in a week when the firm said it was in talks to sell Korea Exchange Bank (KEB) to HSBC for as much as $5.5bn, will further alarm foreign investors concerned about domestic efforts to override international tax treaties.
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[…] The raid, which comes in a week when the firm said it was in talks to sell Korea Exchange Bank (KEB) to HSBC for as much as $5.5bn, will […] — This is a summary only. Visit www.householdwatch.com for the full article — …more […]