A research report published in May by the Institute for Monetary and Economic Research, part of Korea’s central bank, recommends that regulators in Korea promote more investment in domestic banks by domestic investors at the expense of foreign capital.
To the extent that foreign capital is necessary for domestic banks, the report urges the government to investigate the nature of this capital. In particular, the report suggests that foreign banks are preferable to foreign private equity firms.
A number of international private equity firms have invested in distressed Korean banking and other assets following the Asian financial crisis, including Newbridge Capital and Carlyle Group.
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