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Global Crisis & Korea's Response

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  • 03 / 31 / 2009

    The Bank Recapitalization Fund - 1st Round Purchase

  • The Bank Recapitalization Fund Oversight Committee announced that the first round of bond purchase was completed in the amount of KRW3.956 trillion with 8 banks...

    *Please read the attached file for details.

  • pdf The Bank Recapitalization Fund - 1st Round Purchase.pdf
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  • 03 / 30 / 2009

    Reinforced Monitoring of Financial Institutions¡¯ PF Loans

  • To address the concerns about potential distress related to PF loans in the construction industry, the FSC/FSS has been implementing the reinforced monitoring of savings banks' PF loans which had been deemed risky.

    *Please read the attached file for details.

  • pdf Reinforced Monitoring of Financial Institutions¡¯ PF Loans.pdf
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  • 03 / 20 / 2009

    Bank Recapitalization Fund

  • The Bank Recapitalization Fund Oversight Committee has unveiled its third blueprint as to the basic guidelines for the first round of purchasing banks' hybrid bonds and subordinate bonds scheduled at the end of March...


    *Please read the attached file for details.

  • pdf Bank Recapitalization Fund's Execution Blueprint.pdf
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  • 03 / 18 / 2009

    FSC Meets the Press and Investors in London

  • Headed by the Vice Chairman, Dr. Rhee Chang Yong, the FSC delegates met with representatives from major press and financial institutions in London on Friday, March 13, 2009...


    *Please read the attached file for details.

  • pdf FSC Meets the Press and Investors in London.pdf
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  • 03 / 05 / 2009

    Restructuring of Shipping Companies

  • In order to shore up Korea's flagging shipping industry, due to its deteriorating business environments, the government announces restructuring plans to help contain increasing insolvency in the shipping industry and to revamp the industry so as to strengthen its competitiveness in the global market...

    *Please read the attached file for details.

  • pdf Restructuring of Shipping Companies.pdf
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  • 02 / 25 / 2009

    Bank Recapitalization Fund Formation and Operation

  • The specific plans to launch and operate the Bank Recapitalization Fund have been announced for the purpose of enabling banks to take upon the leading role in shoring up real economic sectors and the on-going restructuring programs...

    *Please read the attached file for details.
  • pdf Bank Recapitalization Fund Formation and Operation.pdf
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  • 02 / 19 / 2009

    Corporate Restructuring Strategic Directions

  • Amid the global financial crisis in an effort to prevent financial defaults in financial markets, the Korean government has decided to pursue quick and effective restructuring measures....


    *Please read the attached file for details.

  • pdf Corporate Restructuring Strategic Directions.pdf
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  • 02 / 16 / 2009

    Joint Workshop Report

  • In response to the recent decision by the state guarantee agencies, KODIT and Kibo to roll over all existing guarantees maturing in 2009, nine Korean banks have pledged to roll over all existing corporate loans maturing in 2009, regardless of whether the loans are backed by the credit guarantees, except for the loans to companies that have shut down their operations or to bankrupt companies.
  • pdf Joint Workshop Report.pdf
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