In the final part of our look back at 2011, we summarise some of the news stories which caught our eye. China This year the region’s biggest economy continued flexing its muscles: it conducted the first test flight of its new stealth fighter, announced that it had deployed stealth missile speedboats in the East China […]


Korean unions target Standard Chartered and KEB

by Philip Gowman 23 June 2011
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"There is a serious attempt … to tarnish StanChart’s reputation" in Korea. (FT) #. Continuing the theme: Korean Bankers Take to the Streets – a good summary of what's going on at KEB and SC First right now # Keywords: Companies: KEB | SC First

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A last look back at 2010

by Philip Gowman 23 January 2011
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We’ve digested the albums, films, sporting events and books of the year, and reviewed some of the memorable stories of 2010 in our Quiz of the Year. Here are some of the other things we noted in 2010 which didn’t quite make it into any of those articles. 2010: a year of anniversaries It was […]

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Developed Market status and other recent business stories

by Philip Gowman 21 September 2008
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In a week when the most developed market in the world has not particularly covered itself in glory, after years in the waiting room it was announced this week that Korea would be admitted into the FTSE club of developed markets. According to the FT (South Korea wins developed-country status, 18 Sept 2008), this could […]

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Top banking watchdog in town. You too can quiz him

by Philip Gowman 27 May 2008
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Dr Jun Kwang Woo, the Chairman of the Korean Financial Services Commission, is in Paris and London this week for a range of meetings, including the UK finance minister and the FSA. He will also be speaking to the Korea Discussion Group at Chatham House on Friday afternoon at 4pm. His subject is Korea’s responses […]

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KEB blow by blow

by Philip Gowman 23 August 2007

Reports of HSBC’s renewed interest in KEB have given me the impetus to resurrect a post which has been work-in-progress for a while. I’ve been periodically trying to google back in time to reconstruct the whole KEB saga, and yesterday’s FT coverage gave a very useful framework on which to build. So here is another […]

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KEB: the raids continue

by Philip Gowman 25 October 2006

In a seemingly never-ending quest to blame someone for the profits that Lone Star made out of their KEB investment, the prosecutors recently knocked on the doors of Citibank’s Seoul office and impounded paperwork and PCs. The BBC reports (17 October): The investigation follows claims that KEB’s financial ill-health had been exaggerated so as to […]

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Saying Sorry with cash

by Philip Gowman 22 April 2006

I haven’t been following the Hyundai Slush Fund story, but Hyundai hopes to have drawn a line under it with a $1bn charitable donation. Samsung apparently adopted a similar approach to the tune of $840mn last year. Lone Star, meanwhile, is making a $100mn donation as a goodwill gesture in relation to its KEB purchase […]

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