Here comes another news warning hemorrhaging savings banks of south Korea.  The news reported that the Financial Services Commission yesterday ordered nearly bankrupt Hyundae Mutual Savings Bank, which is nothing to do with Hyundai group, to suspend its operation for six-months.   The news added that, according to industry insiders, six savings banks of 108 nationwide as of late December failed to meet the minimum 5 percent requirement for capital adequacy (more…)

I found a very informative article for foreigners interested in Korean project financing market.  Korean project financing deal is largely dominated by real estate development financing deal.  The author addressed current situation and problem of Korean Savings banks regarding withering Korean project financing market.  I have seen many bank clients considering extension of their project financing or ABCP terms due to the withering project-financing market and (more…)