Korean state-owned bank facing billion-dollar claim
An Industrial Bank of Korea building in Seoul (Credit: Shutterstock/JHVEPhoto)
UPDATED: The Industrial Bank of Korea has disclosed details of an almost US$1.6 billion HKIAC claim brought against it by a group of claimants including a Singaporean commodities trader which is in restructuring having been adversely impacted by the covid-19 pandemic.
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