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Bank Industry Risk Analysis: Korea Jun 00
Standard & Poors, June 2000
Abstract
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, 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 improved, as the government recapitalized the weakest elements of the system, and both domestic and international capital markets regained confidence in Korean issuers, alongside the improving economy. Although structural...
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
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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