Financial Regulation

Fancy a Lamborghini? Contact the Korea Deposit Insurance Corporation, who are trying to offload assets from failed Korean savings banks. The cars were repossessed when their owners failed to pay up. Via Wall Street Journal http://on.wsj.com/L1CQiS Keywords: General post tags: Financial Regulation

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A look back at 2011 – part 3

by Philip Gowman 31 December 2011
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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 […]

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Festival Film Review: Suicide Forecast

by Philip Gowman 12 November 2011
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LKL ponders on how a surprisingly charming film on the difficult subject of suicide could have useful lessons for financial sector remuneration strategy and sales practices.

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The Seoul Initiative?

by Philip Gowman 18 October 2010
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As a Koreaphile whose day job is financial regulation, do I think Basel III should be rebranded “The Seoul initiative?” Um, no. http://bit.ly/dcuBt0 # Keywords: General post tags: Financial Regulation

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A belated look back at 2009

by Philip Gowman 9 January 2010
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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 […]

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KIKOs are enforceable after all

by Philip Gowman 29 November 2009
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Invest Korea Journal: Knock-in, Knock-out (KIKO) contracts may be enforceable after all, but suitability principles apply: http://bit.ly/zLXq3p # Keywords: General post tags: Financial Regulation

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The Host prequel – a preview

by Philip Gowman 7 September 2009
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A first look at the monster from The Host 2 (prequel): looks like a comedy. Fortunately, nothing to do with Bong Joon-ho http://bit.ly/pnNAf # Keywords: General post tags: Financial Regulation

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The financial sector as engine for growth

by Philip Gowman 31 May 2008
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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 […]

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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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Chaebols owning banks: should we be concerned?

by Philip Gowman 15 March 2008

One of the ideas to surface in the run-up to the Korean elections was that chaebols should once more be permitted to invest in banks. The proposed revision in policy prompted KBS to try to do a brief survey of practices in various markets in relation to rules regarding ownership of banks by non-bank companies. […]

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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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A regulatory nerd picks apart a Hankyoreh article

by Philip Gowman 11 October 2006

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 […]

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Korea and foreign investment

by Philip Gowman 30 March 2006

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 […]

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