GS Holdings faces one-day trading halt By Nam Kwang-sik

SEOUL, Oct. 14 (Yonhap) -- South Korea's stock market operator said Tuesday it will suspend trading of GS Holdings Corp., a local holding company, for one session due to a violation of disclosure rules.

The Korea Exchange (KRX) said the penalty will be imposed because GS Holdings
reversed a regulatory filing on its bid for Daewoo Shipbuilding & Marine
Engineering Co., which is now up for sale. The regulator, however, did not
disclose when trading of GS Holdings shares would be suspended.
GS Holdings announced last week it would form a consortium with top steelmaker
POSCO Co. to bid for Daewoo Shipbuilding, the world's third-largest shipyard.
But GS Holdings announced Tuesday that it was pulling out of the consortium due
to a difference with POSCO over terms of the acquisition.
GS Holdings is the holding firm of GS Group, South Korea's sixth-largest
family-controlled conglomerate by assets.