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.
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...