A look back at 2011 – part 3

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 […]

A belated look back at 2009

For the past 3 years LKL has concocted a quiz of the year as a way of gathering together some of the news stories which have most caught our eye. This year, as I came to draw up the list in mid December I found it hard to think of anything amusing or diverting: most […]

The financial sector as engine for growth

There was no hope of applying the Chatham House rule at yesterday’s talk by HE Dr Jun Kwang-woo, chairman of Korea’s Financial Services Commission. With two TV cameras and numerous digital recorders on show, this meeting was firmly on the record. Reflecting the more formal nature of this meeting, Dr Jun spoke from a prepared […]

KEB blow by blow

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 […]

A regulatory nerd picks apart a Hankyoreh article

An interesting article (at least for that tiny population of amateur Koryologists whose day job involves bank regulatory capital ratios) in the Hankyoreh about Kookmin’s acquisition of Korea Exchange Bank. As usual though, one gets frustrated reading stories written by people who don’t have a clue what they’re talking about and which are not properly […]

Korea and foreign investment

Standard Chartered Bank chairman Brian Sanderson, in a recent meeting with Roh Moo-hyun, said SCB’s experience in Korea had been positive so far. It will be remembered that SCB bought Korea First Bank, South Korea’s eight-largest lender, from US private equity firm Newbridge Capital and the Korean government for around $3.2bn a year ago, sneaking […]