Problems regarding the delay of the Korea Exchange Bank (KEB) sale by the U.S. Lone Star fund will be examined, Financial Services Commission Chairman Jun Kwang-woo said, implying that the sale could be completed before a court ruling.
``There isn't major shift in our position,'' Jun said, asserting that legal uncertainties should be cleared first regarding the sale.
However, he added that the commission should see if the delay of sales causes economic side effects or hampers the development of the financial industry. Legal procedures regarding the KEB sale are expected to take up to two or three years, and the delay is burdensome not only for the U.S. fund but also for the financial regulator. Analysts say Jun's remarks imply the sale could be completed before a court ruling.