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South Korea's second largest bank ordered to merge

a self-rescue plan submitted by Hanvit Bank, forcing the country's second largest bank to merge with other institutions.  "We rejected Hanvit's s South Korean financial watchdogs on Wednesday rejected a self-rescue plan submitted by Hanvit Bank, forcing the country's second largest bank ...

15/08/2010 - 23:48 - comment 0

South Korean Bank Unions Threaten Strike against Mergers

are to merge into a "super bank," and Korea Exchange Bank and Hanvit Bank will also be joined as part ... company would be set up in February to run five banks: Hanvit, Kwangju, Peace, Cheju and Kyongnam.   ... South Korean banking unions on Tuesday threatened ...

19/05/2010 - 10:06 - comment 0

South Korean policymakers agree to raise new funds for bank reform

of undercapitalized institutions including   state-controlled banks Hanvit, Cho Hung and Korea Exchange Bank ... to recover 30 trillion won ($27 billion) of public funds already spent on restructuring banks.    ... funds will be determined later but researchers have suggested the completion of bank reform could ...

16/08/2010 - 00:03 - comment 0

South Korea finance sector needs $10.5 billion

funds. It said Hanvit Bank was in worst condition, needing 1.5 trillion won. Peace Bank, Korea Exchange ... newspaper reported Monday.    Officials at the Financial Supervisory Service and in the banking ... be needed.  They said the banking sector would need 8.7 trillion won, merchant banks would require 1.2 ...

16/08/2010 - 00:01 - comment 0

South Korean banks retain huge bad loans

and the collection of some of the problem loans, the FSC said.    Hanvit Bank held the largest amount of bad ... followed an FSC report that most major banks were far behind schedule in carrying out reform measures ... was forced to inject another 50 trillion won into the restructuring of ailing banks. An evaluation ...

15/08/2010 - 23:54 - comment 0

South Korean Banks Risk more Losses on Loans to Daewoo Motor

the verge of insolvencies.  They include Korea Development Bank, Hanvit Bank, Cho Hung Bank, Korea ... Creditor banks of South Korea's Daewoo Motor Co. ... Creditor banks of South Korea's Daewoo Motor Co. risk heavy losses after Ford Motor Co. pulled out ...

19/05/2010 - 11:00 - comment 0

Two Major South Korean Banks Paralyzed as Staff Strike Continues

trillion won (5.8 billion dollars) into six weak banks including two large banks -- Hanvit and Seoulbank -- ... Thousands of bank employees fearful of massive job ... Thousands of bank employees fearful of massive job cuts staged a sit-in for the second consecutive day ...

19/05/2010 - 10:02 - comment 0

South Korea PM Warns Strikers will be Arrested if Violence Erupts

this week that Hanvit, Seoulbank, Peace, Kwangju, Cheju and Kyongnam banks had been declared insolvent ... Thursday bank workers would be arrested if they resorted to violence during a planned strike against b South Korean Prime Minister Lee Han-Dong warned Thursday bank workers would be arrested if they resorted ...

19/05/2010 - 10:02 - comment 0