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South Korea's Export-Import Bank says it will arrange financing of US$150 million to build the headquarters in Beijing of the China Center for the LG Group.
The bank will cooperate with the Industrial & Commercial Bank of China.
The Ex-Im Bank will loan US$50 million, and US$100 million will be put up by ICBC.
The deal should be completed by August next year.
LG Group is South Korea's second-largest conglomerate.
(CRI.com June 30, 2004)
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