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Aftermath: Korean Banking Industry Emerges From Crisis Jun 00
Standard & Poors, June 2000
Abstract
TOKYO (Standard & Poor's CreditWire) June 13, 2000--The slide in credit quality of the Korean banking industry slowed during 1999 as the economic environment improved and restructuring at the banks began to take effect. Nevertheless, industry risk remains high, according to a new report by Standard & Poor's. According to the report, fundamental structural problems remain in the Korean banking industry, and the sector continues to be vulnerable to developments in the macroeconomy, particularly increases in interest rates. Some progress has been made in tackling the structural problems inherent in the banking system, such as high levels of domestic debt, weak credit control, and weak capitalization, that served to exacerbate the financial crisis in 1998. Solvency in the sector has...
Companies mentioned in this report are: Korea Exchange Bank,Shinhan Bank,Standard Chartered Bank Korea Ltd.,Shinhan Bank,Kookmin Bank,SeoulBank,H&CB,Woori Bank
Action: S&P Event
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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