This paper explores the sequence, pace, and outcomes of bank restructuring in South Korea since the financial crisis of 1997, paying special attention to the state intervention in regard to resolving non-performing loans and privatizing temporarily nationalized banks by foreign selling. It...

This paper reviews the impacts of financial develeraging under the 2008 global financial crisis on South Korea, focusing on the systemic risks in the banking sector. It explores the sharp currency depreciation and the outflow of foreign investors' portfolio investment from the Korean stock...