One of South Korea's largest banks has been left more than US$40 million out of pocket after financing a massive supertanker that only fetched a fraction of the purchase price when it was auctioned off on court orders.Tuesday, 6 March, 2012, 12:00am
The Hanbo Steel scandal is forcing South Korean banks to delay international debt issues, Hong Kong bankers say.
Shinhan Bank, Hanil Bank, Korea Export Bank and Korea Long Term Credit Bank are said to have delayed deals recently after warnings from underwriters they would have to pay inflated interest rates on money raised.19 Feb 1997 - 12:00am
THREE South Korean banks have been put on 'outlook negative' by Standard & Poor's (S&P), blaming higher industry risks associated with the country's financial deregulation.
The three were Hanil Bank, which carries an A-minus senior and A2 short-term rating for foreign currency, Korea First Bank (A-minus and A2) and Shinhan Bank (A and A-1).16 Nov 1995 - 12:00am
THE fall-out from the Daiwa Bank debacle and a resultant pall over Japanese bank funding have forced Korea Exchange Bank (KEB) to abandon a planned US$150 million three-year fund-raising in favour of a Hong Kong dollar deal.11 Nov 1995 - 12:00am
SOUTH Korea's Shinhan Bank has been selected as last year's best managed bank by the nation's banking regulatory body.
Shinhan also topped the annual review two years ago.
The Bank Supervisory Board said Shinhan Bank, owned by Japanese-Koreans, received the A grade along with two other nationwide commercial banks, Korea Exchange Bank and Hanmi Bank.15 Feb 1994 - 12:00am