The Role of Foreign Capital in the Banking Sector of Korea and Its Implications for Developing Countries
- 주제(키워드) banking sector , foreign capital , Korea
- 주제(기타) Economics
- 설명문(일반) [Na Kyung Kim; Mah, Jai S.] Ewha Womans Univ, Div Int Studies, Seoul, South Korea
- 등재 SSCI, SCOPUS
- 발행기관 ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
- 발행년도 2018
- URI http://www.dcollection.net/handler/ewha/000000151606
- 본문언어 영어
- Published As http://dx.doi.org/10.1080/00213624.2018.1430951
초록/요약
The entry of foreign capital marked a significant change in the Korean banking sector. It played a critical role in transforming insolvent banks into profit-making banks. The acquisition of domestic banks by foreign private equity funds restructured the management by changing the corporate governance and pursuing result-oriented policies, while it had a negative impact on the national economy in general. Korea's experience shows that the role of foreign private equity funds in the domestic banking sector needs to be evaluated from the perspective of both the performance of each bank and its effect on the national economy.
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