The Korean Financial Supervisory Commission has published it 2009 report to the President.
The report can be found at: http://www.fsc.go.kr/eng/
The Commission noted many needed steps to stregthen Korea’s economy including:
- Extending loans to SMEs
- Supplying most loans in the first half of 2009
- Allowing Conglomerate Privity Equity Funds to Purchase other companies
- Allowing Conglomerates, that register as a holding companies, to own controlling interests in financial companies
- Privatize the Korean Develpment Bank
- Extension of maturity date of home loans for low and medium income workers with declining home values
The most significant issue to be recommended by the Commission is allowing holding companies to purchase controlling interests in financial institutions.
- Korean Act on Special Cases Concerning the Establishment and Operation of Internet Banks
- New Provisions regarding the Korean Act on Reporting and Using Specified Financial Transaction Information
- Restructuring of Korean SMEs a Potential Lucrative Business in Korea
- English-speaking Korean lawyers and International Lawyers at International Law Firm in Korea discussing issues of Korean Law
- So you want to do business in Korea? Listen to my Mother. Korean Joint Venture/Partnership Basics
- Amendment to the Korean Foreign Investment Promotion Act 2019 – Investment Incentives in Korea
- Corporate Bankruptcy/Restructuring in Korea: The Line Begins Here (Korea’s Chapter 7 & 11 Bankruptcy)
- Merger/Acquisition Opportunities in Korea: Lotte Korea Buys KT Car Rental from KT Corp.
- Is a Bankruptcy in the U.S. “Effective” on Assets in Korea?: Korean Bankruptcy Law Basics
- Samsung’s Win Against Elliott is Korea’s Loss According to Bloomberg