Latest articles from South Korea

competing for dominance

Emerging markets face currency conundrum

A combination of policy intervention in emerging markets and high residual risks in developed markets means volatility in emerging market currencies looks set to continue.

Australia dominates 'other' Asia-Pacific ranking

While the Asia-Pacific region's growth story over the past few decades has been powered by Japan and then China, at least as far as banking is concerned, when these two countries are removed from The Banker 's Asia-Pacific rankings, it is Australia's banks that come to the fore. 

Sout

South Korea makes life difficult for foreign investors

From drawn-out court cases to labour union strikes, the trials and tribulations of the multinational banks that have tried to invest in South Korea have left many observers with the impression that the country is hostile to foreign capital. 

South Korea's economy has recovered but interest margins continue to be squeezed

South Korean banks look beyond their borders

While South Korean manufacturers have achieved global success, the country’s banks have struggled to break out of the domestic market. The government is now looking to introduce new regulations aimed at boosting the international competitiveness of its financial institutions. 

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South Korea's shifting economic focus

South Korea has the second highest debt-to-disposable income ratio in the world, but Choongsoo Kim, governor of the Bank of Korea, insists that the country’s financial system is not at risk, and suggests that balancing the focus between export and domestic demand will lead to sustainable economic growth.

Woori bank

Mutual saving bank problems hit South Korea's finance sector

While South Korea's commercial banks have just enjoyed a record year for earnings, any joy within the country's banking sector has been quelled by problems within its debt-saddled mutual savings banks.

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On the rebound

Despite falling into a major economic trough in the first quarter of 2009, the majority of South Korea's banks are poised for a stable recovery in 2010. But the unwinding of stimulus packages worldwide and the risk of a possible double-dip global recession in the West continue to threaten the Korean banking sector. Writer Mee Hyoe Koo

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Will other banks follow Kookmin?

South Korea's Kookmin bank issued the first covered bond out of an emerging market earlier this year. It was lapped up by investors although its pricing has been questioned. But more importantly, is it the first of many other emerging market banks to look to covered bond investors for funding? Writer Joanne Hart

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What went right for South Korea

In a speech at the IIF Spring Membership Meeting in Beijing in June, South Korean prime minister Han Seung-soo explained how the lessons learned from the Asian crisis of 1997 has helped his country come through the current recession in better shape than most.

Eastern exposure

South Korea has enjoyed miraculous economic growth for the past four decades, setting it apart from many of its Asian peers. But as an engine of export and an overleveraged economy, it is now highly exposed to the global financial crisis. Writer Michelle Price