RNS No 7244q
KOREA DEVELOPMENT BANK


FROM:  01-07-1997

57) $300,000,000 FLOATING RATE NOTES DUE JUNE 2002

FULLY PAID

(REPRESENTED BY NOTES TO BEARER OF  $10,000 & $100,000  EACH)

ISSUE PRICE         -         99.95%

ISSUER              -         BANKERS TRUST COMPANY

A copy of the above is available for inspection from the Company
Announcements office of the Stock Exchange, London.

END