Korea: Back to the bad old days?

Are bad habits returning to corporate Korea?

By Chris Wright

Koreans have an enthusiastic attitude to debt and Shinhan will now have 14 million credit cardholders from among their number

One of the institutions widely considered to be at the vanguard of new Korean fiscal responsibility, Shinhan Financial Group, caused jitters in the market last month after launching the country’s biggest M&A deal to take over LG Card. In August, Shinhan was named as preferred bidder for LG Card, Korea’s largest credit card issuer, with a W7.35

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