The chairman of South Korea's Financial Services Commission, Jun Kwang-woo, spoke out Monday about last week's reports that state-controlled Korea Development Bank was possibly interested in buying Lehman Brothers.

On Friday, Reuters quoted a KDB spokesperson as saying, "We are studying a number of options and are open to all possibilities, which could include [buying] Lehman."

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.