S.Korea KAMCO may hasten Daewoo Intl stake sale-CEO

HONG KONG, June 24 (Reuters) - Korea Asset Management Corp's (KAMCO) chief executive said on Wednesday an improving economic climate was allowing the state debt clearer to move more quickly with the planned sale of a stake in Daewoo International Corp (047050.KS).

KAMCO is prepared to be able to sell a stake in Daewoo International "within this year," Lee Chol-hwi, KAMCO chairman and chief executive, told a conference in Hong Kong.

KAMCO, a state debt clearer, owns 35.5 percent of Daewoo International, an energy developing firm. It said in April that it would mull the timing for the stake sale in the second half of this year.

(Reporting by Michael Flaherty; writing by Kim Yeon-hee; Editing by Jacqueline Wong)