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HSBC, Lone Star extend bank contract by 3 months

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By KELLY OLSEN, AP
29 April 2008 @ 07:09 am ET

Jun Kwang-woo, chairman of the Financial Services Commission, speaks during a press conference at the Foreign Correspondent Club in Seoul, South Korea, Tuesday, April 29, 2008. June said Tuesday that the approval of U.S. buyout group Lone Star Funds' proposed sale of a domestic bank will not happen ahead of a key deadline this week.(AP Photo/Ahn Young-joon)

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Associated Press Writer Min Lee in Hong Kong contributed to this report.

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