Stealthy law broadens debt burden

Stealthy law broadens debt burden

Headline: Stealthy law broadens debt burdenSource: EuromoneyDate: September 2001 Wilfred Horie As if wooing potential foreign buyers to buy Korean banks wasn’t tricky enough, the government has decided to make it harder for itself to hold on to the foreign investors it already has. A curious piece of legislation passed in […]

Headline: Stealthy law broadens debt burden
Source: Euromoney
Date: September 2001







Wilfred Horie

As if wooing potential foreign buyers to buy Korean banks wasn’t tricky enough, the government has decided to make it harder for itself to hold on to the foreign investors it already has. A curious piece of legislation passed in July is due to come into effect this month. It has split the banking community down the middle with regards to the problems it will cause and has also prompted many strategic and financial investors to question whether any investment in Korea’s financial sector is wise.

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Stealthy law broadens debt burden

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