Listed firms' asset sales near 2tr won this year in South Korea
Korea Electric Power Company (KEPCO)
Seoul - Yonhap
Listed companies in South Korea have seen their sales of land, buildings and other tangible assets reach nearly 2 trillion won (US$1.9 billion) so far this year, data showed Sunday, as they are keen to make their balance sheets cleaner.
According to the data by the financial watchdog, companies listed on the nation's main and secondary stock markets disposed of tangible assets worth 1.84 trillion won this year, excluding last week's sale of a prime land lot in southern Seoul by state-run power company Korea Electric Power Corp. (KEPCO).
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