South Korea’s Kookmin heading for Q4 loss
(South Korea) – Korea’s biggest consumer lender, Kookmin Bank, is expected to post a net loss for the final quarter of 2002 as a result of higher provisioning.Kookmin, […]
(South Korea) – Korea’s biggest consumer lender, Kookmin Bank, is expected to post a net loss for the final quarter of 2002 as a result of higher provisioning.Kookmin, […]
(South Korea) – The South Korean government spent 1.36 trillion won (US$1.17 billion) in public funds to recapitalise financial institutions in December, more than twice the amount spent […]
(South Korea) – American venture capital firm Newbridge Capital is expected to join with two other groups and form a consortium to bid for Korea’s Chohung Bank, according […]
(South Korea) – US investment bank Goldman Sachs has doubled its stake in South Korean retail lender Kookmin Bank, and is now the bank’s second largest shareholder after […]
(South Korea) – Profits at Korea First Bank have plunged 66.8 percent for the first nine months of this year, compared with the same period in 2001.The bank […]
(South Korea) – Days after closing its Australian equities business, French bank BNP Paribas has expanded elsewhere in the Asia Pacific with a deal to buy almost 50 […]
(South Korea) – The South Korean Government has approved the merger of Hana Bank with Seoulbank, a move which will create the country’s third largest banking institution.Under the […]
Goldman Sachs has been asked by the South Korean government to check if Hana Bank has the financial capacity to fund a 1.1 trillion won ($916.2 million) merger […]
As many as nine state funded financial institutions were subjected to disciplinary action by the Korea Deposit Insurance Corp (KDIC) in the first quarter for failing to fulfil […]
(South Korea) – US investment fund Lone Star has tabled a revised bid for nationalised SeoulBank, despite reports from Korea’s regulator of having been beaten by local bank […]