Seoul demands Hyundai help for trust debts (FT)
The Seoul government on Wednesday demanded that Hyundai and its family owners should contribute Won1,200bn ($1.08bn) to help rescue the group's debt-laden investment trust, whose problems have unsettled South Korean financial markets. Lee Ki-ho, the presidential economic adviser, said that Hyundai, Korea's biggest conglomerate, should accept primary responsibility for recapitalising Hyundai Investment Trust & Securities (HIT), the nation's third biggest investment trust.
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