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Lazarus of the East?

Article Abstract:

South Korea has seen a drop in unemployment and a growth in gross domestic product in 1st qtr 1999, reversing the poor performance of 1998, when GDP fell by 6.1%. The government has provided support for the banks and sought to reduce the debts of the conglomerates. Foreign exchange reserves have increased. There is still a need for further reform of the financial system, and there is fear of rising unemployment if the conglomerates shed workers rapidly. The banking system is mainly owned by the state, and the problem of lack of accountability may not have been resolved.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999

Economic Programs, Administration of Economic Programs, Economic policy

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The burden on the banks

Article Abstract:

South Korean banks have had their recovery hampered by policies pushing them to support companies with financial problems.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2000

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Subjects list: Banking industry, Commercial banks, South Korea

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