The Seoul Bank saga in Korea has not been the finest performance for a country keen to show the rest of the world that it’s rapidly changing. In fact, it can best be described as a comedy of errors. But finally, in August, the curtain came down when Hana Bank won the right to take Seoul Bank out of government hands.
The administration was relieved: it will recoup some of the W156 trillion ($131 billion) it has pumped into the financial sector.
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