UPDATE 3-Lehman seeking overseas capital, eyes Korea-WSJ
ju4 wa4i dia4n zo1ng he2 ba4o da4o :\n  (Adds share reaction)\nSEOUL, June 4 (Reuters) - Lehman Brothers Holdings Inc\n<LEH.N> is looking to raise capital overseas and has approached\nat least one investor in South Korea, the Wall Street Journal\nreported on Wednesday.\nLehman shares fell another 3.6 percent before the bell on\nWednesday in electronic trading ahead of the New York Stock\nExchange open. Over the past three days, the stock has tumbled\n18 percent, chopping nearly $4 billion of market value from the\ncompany.\nAccording to the newspaper, options for Lehman in Korea\ninclude the state-run Korea Development Bank and Woori\nFinancial Group <053000.KS>.\nKorean Investment Corp (KIC), a sovereign wealth fund that\nmanages about $20 billion and is an investor in Merrill Lynch &\nCo <MER.N>, is unlikely to invest in Lehman, the newspaper\nsaid, citing a person familiar with the situation.\nKIC declined to comment when contacted by Reuters, while\nLehman officials in its Tokyo and Seoul offices were not\navailable for comment.\nTwo major South Korean investment agencies -- the National\nPension Service and the Korea Asset Management Corp -- told\nReuters they were not aware of any possible capital injection\nin the Wall Street bank.\nAn executive of state-owned Korea Development Bank (KDB)\nalso said he had not heard about an investment plan in Lehman.\nKDB will have the chief of Lehman Brothers' local operations,\nEuoo Sung Min, as its new CEO soon.\nWoori Finance Holdings, which runs the country's No. 3\nbank, denied any involvement in a Lehman fund raising. Min had\nbeen chief financial officer of Woori prior to his stint at\nLehman.\nSeparately, Lehman said on Wednesday that the new head of\nits investment banking in South Korea, Sungwoo Park, would\nsucceed Min. Park had led Credit Suisse's <CSGN.VX> Seoul\nbranch.\nLehman ended Tuesday's session with a market capitalization\njust shy of $17 billion, a little over a third of its peak\nvalue of more than $45 billion reached in February 2007.\n(Reporting by Anupreeta Das in San Francisco, Tenzin Pema\nin Bangalore and Kim Yeon-hee in Seoul; Editing by Louise\nIreland and Ken Wills)\n((tenzin.pema@thomsonreuters.com; within U.S. 1 646 223 8780;\noutside U.S. 91 80 4135 5800; Reuters Messaging:\ntenzin.pema.reuters.com@reuters.net))\nKeywords: LEHMAN CAPITAL/\n(Adds share reaction)\nSEOUL, June 4 (Reuters) - Lehman Brothers Holdings Inc\n<LEH.N> is looking to raise capital overseas and has approached\nat least one investor in South Korea, the Wall Street Journal\nreported on Wednesday.\nLehman shares fell another 3.6 percent before the bell on\nWednesday in electronic trading ahead of the New York Stock\nExchange open. Over the past three days, the stock has tumbled\n18 percent, chopping nearly $4 billion of market value from the\ncompany.\nAccording to the newspaper, options for Lehman in Korea\ninclude the state-run Korea Development Bank and Woori\nFinancial Group <053000.KS>.\nKorean Investment Corp (KIC), a sovereign wealth fund that\nmanages about $20 billion and is an investor in Merrill Lynch &\nCo <MER.N>, is unlikely to invest in Lehman, the newspaper\nsaid, citing a person familiar with the situation.\nKIC declined to comment when contacted by Reuters, while\nLehman officials in its Tokyo and Seoul offices were not\navailable for comment.\nTwo major South Korean investment agencies -- the National\nPension Service and the Korea Asset Management Corp -- told\nReuters they were not aware of any possible capital injection\nin the Wall Street bank.\nAn executive of state-owned Korea Development Bank (KDB)\nalso said he had not heard about an investment plan in Lehman.\nKDB will have the chief of Lehman Brothers' local operations,\nEuoo Sung Min, as its new CEO soon.\nWoori Finance Holdings, which runs the country's No. 3\nbank, denied any involvement in a Lehman fund raising. Min had\nbeen chief financial officer of Woori prior to his stint at\nLehman.\nSeparately, Lehman said on Wednesday that the new head of\nits investment banking in South Korea, Sungwoo Park, would\nsucceed Min. Park had led Credit Suisse's <CSGN.VX> Seoul\nbranch.\nLehman ended Tuesday's session with a market capitalization\njust shy of $17 billion, a little over a third of its peak\nvalue of more than $45 billion reached in February 2007.\n(Reporting by Anupreeta Das in San Francisco, Tenzin Pema\nin Bangalore and Kim Yeon-hee in Seoul; Editing by Louise\nIreland and Ken Wills)\n((tenzin.pema@thomsonreuters.com; within U.S. 1 646 223 8780;\noutside U.S. 91 80 4135 5800; Reuters Messaging:\ntenzin.pema.reuters.com@reuters.net))\nKeywords: LEHMAN CAPITAL/