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Headline: Intervention, interference or encouragement? Source: Euromoney Date: February 2001 Author: Chris Cockerill With a first round of bank restructuring that killed off more than half the country’s banks behind it, Korea is now facing up to consolidating what is left, ostensibly to enhance competitiveness and create economies of scale. It’s not clear, though, that the timing is right or that the government’s approach to mergers is appropriate or sufficiently disinterested. It’s been a busy seven weeks in Korea’s financial sector, with the country’s efforts to reform the corporate and banking sectors creating serious conflict. | |||||||||||||||||||||||||||
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