South Korea's Kumho Asiana Group said on Sunday it had decided to sell Daewoo Engineering & Construction Co <047040.KS> to ease investors' worries about its liquidity. Kumho Asiana has a stake of about 33 percent in Daewoo with financial investors holding 39 percent and the rest free-floating shares. The group bought Daewoo for about 6.4 trillion won ($5.01 billion) in 2006. ($1=1278.3 Won) (Reporting by Cheon Jong-woo; Editing by Jerry Norton)

South Korea