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Book Cover
Author Kang, Chungwon, author

Title From the front lines at Seoul Bank : restructuring and reprivatization / Chungwon Kang
Published Washington, D.C. : International Monetary Fund, 2003
Online access available from:
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Description 1 online resource (38 pages) : illustrations
Series IMF working paper ; WP/03/235
IMF working paper ; WP/03/235
Summary Soon after Korea agreed to an IMF-supported program, Seoul Bank and Korea First Bank were nationalized through an injection of public funds by the government. The two banks were singled out early in the IMF-supported program to be sold to foreign investors. Korea First Bank was sold to foreign investors at the end of 1999. Seoul Bank, however, remained a government-owned bank, managed by a team of professionals recruited from outside of the traditional banking sector. This paper describes the restructuring of Seoul Bank by the new management team between June 2000 and October 2002, when the bank was sold to Hana Bank in a merger transaction
Notes Print version record
Subject Sŏul Ŭnhaeng.
Banks and banking -- Government ownership -- Korea (South)
Banks and banking -- Korea (South)
Sale of banks -- Korea (South)
Form Electronic book
Author International Monetary Fund. Asia and Pacific Department.
ISBN 1283568853