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Published December 03, 2010

Korea attempts a financial services facelift

While moves to give Korea Exchange Bank and Woori Financial new owners are exciting, the chance of real change in the industry is slim.

Date: December 03, 2010
Author: Peter Hoflich
Categories: Capital & Strategic Issues, Risk and Regulation, Trade Finance, Transaction Banking
Keywords: Korea Exchange Bank, Woori Financial

In many ways, the financials services industry in Korea has been Asia’s most dramatic. Over the past years, there have been mega-mergers, privatisations, a consumer credit crisis, mis-selling cases, a separation of regulators, regulatory actions against senior bank management and all sorts of othe...

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