In the wake of the Hyundai scandal, Dallas-based private equity fund Lone Star finds itself under investigation for various financial shenanigans relating to its 2003 takeover of Korea Exchange Bank. Though Lone Star denies any wrongdoing, it nonetheless offers a public apology and announces that it will donate $100 million to charity.
The mea culpa fails to impress KEB employees, who hijack Lone Star's apologetic/philanthropic press conference with a chant that translates to "Let's destroy foreign vulture funds."
In November, Lone Star backs away from a deal to sell its KEB stake for a $4.5 billion profit, citing the ongoing investigation.
