Given a volatile stock market, government stimuli and low interest rates, Korea is awash with mountains of seemingly uninvestible cash. Park Sang-soo explains.
Asia-Pacific
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South Korea moves into consolidation mode as foreign interest intensifies
April 5, 2004Citigroup’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.