South Korea may sell up to $5 billion of global debt
Posted by Editor on October 16, 2008 at 05:49 AM
Bloomberg reports that, “South Korea plans to sell as much as $5 billion in foreign-currency denominated bonds next year, a finance ministry official said, as the nation seeks to stabilize the won, Asia’s worst performer this year.”
Korean banks urged to hold off mergers, acquisitions
Posted by Editor on September 25, 2008 at 05:43 AM
Yonhap reports that, “South Korea’s top financial regulator urged local banks Thursday to refrain from inflating their assets through acquisitions, saying recent moves to increase their size are excessive.”
South Korea planning measures against hostile foreign takeovers
Posted by Editor on March 19, 2008 at 08:37 AM
Yonhap reports that “The [South Korean] Justice Ministry said Wednesday it was devising measures to stave off hostile takeovers of domestic firms by foreign investors amid growing takeover bids by foreign firms in recent years.”
Dubai to invest $20bn in South Korea
Posted by Editor on February 15, 2008 at 09:41 AM
The Yonhap News Agency reports that, “Dubai is seeking to invest up to US$20 billion in South Korea under the incoming Lee Myung-bak government, the head of the Investment Corporation of Dubai (ICD) said Friday.”
South Korea asks government-run funds to shore up market
Posted by Editor on January 24, 2008 at 09:28 AM
Thomson Financial reports that, “South Korea on Thursday asked government-run funds to buy stocks ahead of schedule to shore up financial markets as foreign investors continued to sell shares, officials said. The request came at talks between financial officials and fund operators, finance ministry spokesman Choi Kyu-Yeon said, adding the government would let funds decide on the timing. Choi said the request was made to the state pension fund along with other operators.”