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S KOREA TO EASE BANK OWNERSHIP RULES FOR STRATEGIC PRIVATE FUNDS.
SEOUL, April 1 Asia Pulse - South Korea plans to ease regulations strictly for "strategic" private equity funds seeking to invest in local private banks, the financial watchdog said Tuesday.
On Monday, the Financial Services Commission (FSC) said in a report to President Lee Myung-bak that the country plans to allow private equity funds or pension funds to invest in banks as early as the second half, a move that may help industrial groups increase their stakes in lenders.
Current rules forbid a non-financial company from holding more than a 4 per cent stake with voting rights in a bank, while financial firms are permitted to own up to 10 per cent.
A private buyout fund, more than 10 per cent owned by an industrial group, is classified as a non-financial firm. The FSC said it is mulling raising the ...
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- Press release article from: Business Wire October 11, 2001 700+ words
...announced an agreement with the Korea Exchange Bank to provide Korean TradeCard...easily apply for and access Korea Exchange Bank's trade financing services online. Korea Exchange Bank will have real-time access...
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- Press release article from: PR Newswire July 23, 1996 700+ words
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(From The Korea Herald) Korea Exchange Bank Credit Service Co. will issue...percent of the total bonds. Korea Exchange Bank Credit said the ABS issuance...managed the ABS issue for Korea Exchange Bank Credit. Korea Exchange Bank...
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- Press release article from: Business Wire March 22, 2000 700+ words
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- Press release article from: PR Newswire November 3, 2003 700+ words
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- News wire article from: Asia Africa Intelligence Wire April 2, 2003 700+ words
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- KOOKMIN BANK HEAD HINTS AT KOREA EXCHANGE BANK ACQUISITION.
- News wire article from: AsiaPulse News November 16, 2005 700+ words
...acquiring a smaller rival, Korea Exchange Bank (KEB). "Kookmin is keeping a close eye on Korea Exchange Bank," Kang Chung-won told reporters...help but have an interest in Korea Exchange Bank when the banking environment...
- Kookmin Bank head hints at Korea Exchange Bank acquisition.
- News wire article from: YON - Yonhap News Agency of Korea November 17, 2005 700+ words
...acquiring a smaller rival, Korea Exchange Bank (KEB). "Kookmin is keeping a close eye on Korea Exchange Bank," Kang Chung-won told reporters...help but have an interest in Korea Exchange Bank when the banking environment...
- U.S. buyout firm Lone Star cancels Korea Exchange Bank sale.
- News wire article from: The America's Intelligence Wire November 23, 2006 700+ words
...sell a controlling stake in Korea Exchange Bank to South Korea's Kookmin...in May to sell its stake in Korea Exchange Bank. Earlier this week, South...investigators indicted Lone Star and Korea Exchange Bank on stock manipulation charges...
- KOREA EXCHANGE BANK TO MERGE WITH CREDIT CARD ARM: SOURCES.
- News wire article from: Asia Africa Intelligence Wire November 20, 2003 700+ words
...Pulse - Liquidity-troubled Korea Exchange Bank Credit Service Co. is to be merged into its parent, the Korea Exchange Bank (KEB) (KSE:004940...financial industry source. "The Korea Exchange Bank and its largest shareholders...
Source: HighBeam Research, S KOREA TO EASE BANK OWNERSHIP RULES FOR STRATEGIC PRIVATE FUNDS.