State-run Korea Development Bank (KDB) said it has chosen brokerage Mirae Asset Securities Co Ltd and its affiliate as the preferred bidder for a controlling stake in its unit, Daewoo Securities.

KDB did not specify the bidding price for Daewoo Securities, South Korea's second-largest brokerage, and Mirae executives declined to comment.
Yonhap news agency, however, cited unnamed industry and regulatory sources as saying Mirae had placed a binding bid of around 2.4 trillion won (US$2.05 billion) for a 43% stake in Daewoo Securities and 100% of a smaller asset management company.
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KDB did not specify the bidding price for Daewoo Securities, South Korea's second-largest brokerage, and Mirae executives declined to comment.
Yonhap news agency, however, cited unnamed industry and regulatory sources as saying Mirae had placed a binding bid of around 2.4 trillion won (US$2.05 billion) for a 43% stake in Daewoo Securities and 100% of a smaller asset management company.
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