In recent years, foreign banks have made many alliances with and investments in their Chinese counterparts.

In an increasingly interconnected world, large financial services institutions (FSIs) are already sourcing their IT and business process services from a variety of international locations. As outsourcing services have evolved from filling tactical gaps to providing strategic cost and quality advantages as well as innovative features, FSIs are tapping supplementary alternatives to India as a location for offshore outsourcing.

South Korea’s political turmoil resulting from the impeachment of its president may be limiting the country’s nascent economic recovery, says Yang Sung-jin.

Park Sang-soo reviews the banking sector in South Korea, as financial institutions work to reduce the mountain of bad debt.

South Korea has a dilemma. On the one hand historical factors make it wary of foreign intrusion, yet it aspires to be a regional hub. Kim Ji-hyun reports.

Given a volatile stock market, government stimuli and low interest rates, Korea is awash with mountains of seemingly uninvestible cash. Park Sang-soo explains.

For a large, underpopulated country, Kazakhstan has achieved impressive economic growth in recent years. And, despite Western criticism of endemic corruption and poor distribution of wealth, the country looks set to continue on the same path. Chris Pala reports.

Prudent management of its oil reserves and a commitment to propriety is making Kazakhstan a regional success story. Chris Pala in Almaty explains.

Citigroup’s agreement to purchase KorAm Bank in late February has sparked a round of consolidation, reflecting a keen interest by foreign investors in South Korea’s retail banking sector, the third-largest in Asia after Japan and China.