Korea Development Bank Jul 06
Standard & Poors, July 2006
Abstract
Robust public policy role. Strong direct government support. Government's statutory obligation to maintain the bank's solvency. Large exposure to corporate equity. Potential risk from the change in government policy on public financial institutions. The ratings on Korea Development Bank (KDB) are based on the bank's public policy role as the primary governmental financial institution that extends medium- to long-term financial facilities in support of the Korean government's (foreign currency A/Stable/A-1; local currency A+/Stable/A-1) industrial policy objectives. The ratings also incorporate the strong direct support from the Korean government, including capital injections and provision of loans. The bank is 100% government owned. Since 1998, the government has injected Korean won (W) 10.4 trillion (US$8.8 billion) of cash and securities to strengthen...
Companies mentioned in this report are:
- Korea Development Bank
- Korea Electric Power Corp.
- Korea (Republic of)
- Export-Import Bank of Korea
- Korea Deposit Insurance Corp.
- Korea Western Power Co. Ltd.
- Korea Hydro & Nuclear Power Co. Ltd.
- Korea Southern Power Co. Ltd.
- Small Business Corp.
- Korea East-West Power Co. Ltd.
- Korea Midland Power Co. Ltd.
- Korea Expressway Corp.
- Korea Gas Corp.
- Korea Land Corp.
- Korea National Housing Corp.
- Korea Rail Network Authority
- Korea Water Resources Corp.
- Korea National Oil Corp.
- Korea South East Power Co. Ltd.
Action: Review
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Research Type: Full Analysis
- Korea Development Bank
- Korea Electric Power Corp.
- Korea (Republic of)
- Export-Import Bank of Korea
- Korea Deposit Insurance Corp.
- Korea Western Power Co. Ltd.
- Korea Hydro & Nuclear Power Co. Ltd.
- Korea Southern Power Co. Ltd.
- Small Business Corp.
- Korea East-West Power Co. Ltd.
- Korea Midland Power Co. Ltd.
- Korea Expressway Corp.
- Korea Gas Corp.
- Korea Land Corp.
- Korea National Housing Corp.
- Korea Rail Network Authority
- Korea Water Resources Corp.
- Korea National Oil Corp.
- Korea South East Power Co. Ltd.
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