Fund
It was confirmed that Cho Hyun-joon, 41, president of the Hyosung Group and eldest son of Chairman Cho Seok-rae, purchased a villa worth 4.5 million dollars (5.6 billion Won according to the exchange rate at the time) in the Los Angeles area in 2002. Since Cho paid for the villa in cash, many observers are wondering about the source of this money. Chairperson Cho Seok-rae is a relative of P
II. What Are Credit Derivatives?
Derivatives are defined as the exchange or contract which has economic values deriving from the reference assets or index. According to their types, there are overall forward, future, option, and swap. Derivatives are the financial derivatives, which are enabled to trade in the market while consisting of separating the credit risk only to the holder of basic p
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
Similar Kind of Crisis in Overseas : S&L Crisis
Savings and loan crisis : similar crisis of Korean savings bank crisis
Originally non-for-profit organizations,
built to help working-class purchase
homes
S&L organizations grew rapidly,
as the generation of baby boomers
started purchasing houses
S&L banks asked Congress to remove restrictions of their business i
1. What is the "Hedge Fund"
1.1 What is Hedge Fund?
1.1.1 Definition of the "Hedge Fund"
1) What is a hedge fund?
"Hedge fund" is a general, non-legal term that was originally used to describe a type of private and unregistered investment pool that employed sophisticated hedging and arbitrage techniques to trade in the corporate equity markets. Hedge funds have traditionally been limited t