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RETAIL BANKING | Cesar Tordesillas, Korea

Korean savings banks asked to take self-help steps

South Korea's financial watchdog  requested savings banks with substandard levels of capital to submit self-rescue measures as part of its efforts to overhaul the troubled sector.


Last week, the regulatory Financial Services Commission launched a two-month inspection into 85 savings banks to look into their financial health and determine whether to pump public funds into viable players.

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