Jamie from Two Koreas comments about the recent agreement between Chaebol (national corporates) and right wing presidential candidates to own financial institutions such as bank [1]: at the moment the banking sector is overwhelmingly foreign owned, but even where the government owns banks it runs them in the same way, investing in mostly speculative ventures like mortgage and consumer credit…
South Korea: Allow Chaebol to Own Bank
· Written by Oiwan Lam
Categories: East Asia, South Korea, Economics & Business