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The Role of Foreign Capital in the Banking Sector of Korea and Its Implications for Developing Countries

Title
The Role of Foreign Capital in the Banking Sector of Korea and Its Implications for Developing Countries
Authors
Na Kyung KimMah, Jai S.
Ewha Authors
마재신
SCOPUS Author ID
마재신scopus
Issue Date
2018
Journal Title
JOURNAL OF ECONOMIC ISSUES
ISSN
0021-3624JCR Link1946-326XJCR Link
Citation
vol. 52, no. 1, pp. 205 - 226
Keywords
banking sectorforeign capitalKorea
Publisher
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
Indexed
SSCI; SCOPUS WOS
Abstract
The entry of foreign capital marked a significant change in the Korean banking sector. It played a critical role in transforming insolvent banks into profit-making banks. The acquisition of domestic banks by foreign private equity funds restructured the management by changing the corporate governance and pursuing result-oriented policies, while it had a negative impact on the national economy in general. Korea's experience shows that the role of foreign private equity funds in the domestic banking sector needs to be evaluated from the perspective of both the performance of each bank and its effect on the national economy.
DOI
10.1080/00213624.2018.1430951
Appears in Collections:
스크랜튼대학 > 국제학부 > Journal papers
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