Meanwhile, the Wall Street Journal reports today that Lehman is looking to raise capital overseas and has approached at least one investor in South Korea. According to the newspaper, options for Lehman in Korea include the state-run Korea Development Bank and Woori Financial Group Korean Investment Corp (KIC), a sovereign wealth fund that manages about $US20 billion and is an investor in Merrill Lynch & Co, is unlikely to invest in Lehman, the newspaper said, citing a person familiar with the situation. Lehman probably will post a second-quarter loss of 50 cents to 75 cents a share, analysts at Oppenheimer & Co. and Bank of America Corp. have said. The New York-based company holds ``very large, illiquid'' assets and ``we can't rule out equity issuance'' to replenish the balance sheet, Merrill Lynch & Co. said in a report yesterday.