of investor protection
Permission of draft settlement business to the security company
Implement a complementary and comprehensive plan
Start with principle of ‘Economy of scale’
Achieving global competitiveness and lower costs by increasing size and volume
Recovery of capital brokerage function ofbanks
Training the financial experts
Employing financial managers that are able to main
Reaserch Question
Business suspension of savings bank
In February, 2011, several savings banks were ordered to suspend business in Korea. The reason is that the bank was weakened by overusing project financing technique which resulted in high default rate and delay of cash flow. Suspension of business of savings bank cause the innocent depositor to cry in front of the closed bank. That was
Ⅰ.What is the IMF?
The International Monetary Fund was created in 1945 to help promote the health of the world economy. Headquartered in Washington DC, it is governed by and accountable to the governments of the 185 countries that make up its near-global membership.
Korea joined IMF in 1955.
1.What is the International Monetary Fund?
The International Monetary Fund—also known as
OF BERHAD (1.)
ORIENTAL BANK BERHAD
MERTAJAM, MALAYSIA
CABLE : ORIENT BANK
TEL: 04-514549 TELEX NUMBER: MA 47408IRREVOCABLE DOCUMENTARY CREDIT (3) CREDIT NUMBER
LC/12/ USD /100344 (4)place and date of issue MALAYSIA 28, JANUARY, 1994
□ Confirmation of our brief teletransmission of (2)Date and place of expiry 25, Feb 1994 (5)
at counter of Advising Bank in KOREAApplicant
ⅱ) Insolvency of enterprise and bank
- Insolvency of enterprise
In 1997, average debt ratio ofKorea enterprises was 333%. It was relatively higher than that of USA(159%) and Japan(206%)
It caused insolvency of the enterprises, which lead to major companies went bankrupt.
- Insolvency ofbank
at that time, Many Chiefs of financial organizations was sent from above(낙하산 인사).