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GOVT MULLS US$866 MLN INVESTMENT IN KOREA DEVELOPMENT BANK.

AsiaPulse News

| April 01, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, April 1 Asia Pulse - The South Korean government is considering measures to invest 1 trillion won (US$866 million) worth of fresh funds into the Korea Development Bank (KDB), the finance ministry said today.

The move, the policymaking body said, is designed to improve the Bank for International Settlements (BIS) capital ratio and to enhance the state-run lender's ability to offer more operational and facility investment funds. It is also to counter any negative effects that might occur as the New Basel Accord goes into effect in late 2006.

The new accord outlines the readjustment of evaluating credit risks of financial institutions, and to reflect individual sovereign ratings of a country when making risks assessments. This means that ...

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Source: HighBeam Research, GOVT MULLS US$866 MLN INVESTMENT IN KOREA DEVELOPMENT BANK.

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