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WHOLESALE BANKING | Cesar Tordesillas, Korea
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Lone Star to challenge $348M tax on KEB sale

Lone Star is reviewing measures to challenge a US$348 million withholding tax on its sale of Korea Exchange Bank to Hana Financial.

 

The amount equal to 10 percent of Lone Star's KEB sale proceeds has been paid to the National Tax Service on Monday as a withholding tax, a Hana Financial Group official said.

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