Watching their back doors
Article Abstract:
SouthKorean banks are prevented from undertaking overseas expansion by local competition, financial constraints and liberalisation of the industry. Domesticbanks have their hands full finding ways to stop foreign banks from gaining control of the banking business. Moreover, foreign exchange trading which couldhave provided local banks with the opportunity to do overseas business is now 50% controlled by foreign lending institutions. Competition against local banksis also intensified by the conversion of finance companies, such as the Boram Bank and the Hana Bank, into commercial banks.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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An industry in suspension
Article Abstract:
South Korea's Ministry of Trade and Industry is hoping to make the country the fifth leading automobile manufacturer in the world by the end of the decade. Towards this end, the country's top three car manufacturers, Hyundai Group, the Daewoo Group and Kia Motors are relying less on the US market and are exporting more automobiles to countries in Europe, the Middle East and Latin America. South Korean automobiles have retained their competitive prices, despite the problems besetting the country's automobile industry.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Comment about this article or add new information about this topic:
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