Korea

Citi launches automated cross-border sweeping in Korea

Hyundai Glovis among the first beneficiaries.

Korean banks making the most of Basel III window

Cheaper regulatory capital has been raised.

Eleven investors bid for Woori Finance’s regional banks

Part of attempt to privatize Korea’s largest bank.

Meritz Financial makes bid to buy Woori Financial

Wants to create synergies in consumer financial market.

Why Korean banks will remain under pressure

New measures to hold up margins, fees.

KDB will merge with KoFC

Government giving-up on privatizing KDB.

South Korea maintains policy rate at 2.5%

Has major concerns about major downside economic risks.