S.Korea Dongkuk to request delay of builder buyout

SEOUL, Dec 2 (Reuters) - South Korea's third-largest steel maker Dongkuk Steel Mill (001230.KS) said on Tuesday it would ask Korea Asset Management Corp (KAMCO) to delay the sale of a small domestic builder it had agreed to buy earlier this year.

Dongkuk said in a filing to the Korea Exchange that it would submit to state debt clearer KAMCO a revised proposal delaying a planned buyout of Ssangyong Engineering & Construction (012650.KQ) by a consortium led by Dongkuk for at least one year. (Reporting by Cheon Jong-woo; Editing by Jonathan Hopfner)