THE CHOSUNILBO on MSN49m
South Korea’s major banks write off $4.8 bn in bad loans as defaults rise
KB Kookmin, Shinhan, Hana, Woori, and NH NongHyup—wrote off or sold more than 7 trillion won ($4.8 billion) in bad loans last ...
THE CHOSUNILBO on MSN50m
Bankruptcy rise puts South Korea’s IBs to test
South Korea’s prolonged economic downturn and rising corporate bankruptcies are challenging investment banks in Yeouido’s financial district this year. As demand for corporate financing rises and the ...