Good banks, bad banks, ugly banks
“We have to rebuild our credibility with the international market,” says Lee Hun-jai, one of the last scions of Korea’s ancient monarchy, and as chairman of the recently formed Financial Services Commission the man in the hottest seat in Korea’s battle to stabilize its economy. “To do that we have to go through the ‘paradox of credit transparency’. That means our problems will be disclosed and foreign investors may not want to do business with us.
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