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Bank Industry Risk Analysis: Korea May 05
Standard & Poors, May 2005
Abstract
The overall outlook for Korean banks is positive, with strengthened credit policy continuing to help stabilize credit costs. Stabilizing household credit, which may face slow growth for some time, reduces the potential risk of household loans. There also has been some material structural progress. Ongoing improvement in corporate disclosure and accounting transparency may translate into reduced credit risks for Korean banks, although corporate governance at chaebols is still an issue. Credit bureaus, recently established for individual and corporate obligors, may take some time to provide value-added data to client banks but should continue to build infrastructure that will lead to more sustainable long-term growth. Adoption of Basel II regulations necessitates banks to build their own risk assessment systems, although it...
Companies mentioned in this report are: Korea Exchange Bank,Korea (Republic of),Shinhan Bank,Standard Chartered Bank Korea Ltd.,Shinhan Bank,Kookmin Bank,Industrial Bank of Korea,Citibank Korea Inc.,National Agricultural Cooperative Federation,Hana Bank,Woori Finance Holdings Co. Ltd.,Suhyup Bank
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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