| 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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