Irish subsidiary of Korean bank in $45m High Court lawsuit

The Irish subsidiary of an international development bank is at the centre of a $45 million lawsuit in the High Court in Dublin.

Ian Kehoe - avatar

Ian Kehoe

3rd June, 2006

The Irish subsidiary of an international development bank is at the centre of a $45 million lawsuit in the High Court in Dublin.

KDB Ireland, the Dublin-based division of the Korean Development Bank, is being sued over a failed investment in a financially troubled Japanese merchant bank in 2002.

The case has been taken by South Korea’s second largest lender, Woori Bank.

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