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FOREIGN OWNERSHIP OF SOUTH KOREAN BANKS ESTIMATED AT 26%: REPORT.
SEOUL, Dec 1 Asia Pulse - Foreign ownership of the country's commercial banks, including portfolio investments, reached 26.3 per cent on average as of end-June, a financial institute report showed.
The report compiled by the Korean Institute of Finance (KIF) also showed that the market share taken by banks with foreign-held stakes amounted to 26.7 per cent. Currently, foreign investors possess sizable stakes in Korea First Bank, Korea Exchange Bank and KorAm Bank.
The market share of foreign capital-invested banks compares with a 14.5-percent market share enjoyed by foreign capital-invested brokerage firms in the country, a 10.5-percent share by foreign capital-invested insurers and a 2-percent share by foreign capital-invested non-life insurers, according to the report.
The presence of foreign capital in local banks has had a positive impact on the domestic banking industry as a whole, resulting in improved ...
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...jin SEOUL, March 26 (Yonhap) -- Hana Bank, South Korea's fourth-largest lender...this year, its president said Friday. Hana Bank's previous payout ratio, which measures...income, was 26.6 percent last year. Hana Bank posted 517.2 billion won (US$446...
Source: HighBeam Research, FOREIGN OWNERSHIP OF SOUTH KOREAN BANKS ESTIMATED AT 26%: REPORT.