Development and Structure of the Korean Banking System
Looks at the development of Korean banking systems, and compares it banking systems of other countries.
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This paper discusses the development and structure of the Korean Banking system, provides a contrast with the banking system in the United States, and then uses this research to discuss the difficulties leading up to and since the Korean monetary crisis.
“Like their counterparts in countries having more advanced economies, Korean banks have gone through a process of deregulation sparking financial innovation and structural chances. Korean banks have become gone from traditional banking to full service financial institutions, offering securities business and a variety of fee-based activities considered outside their interests only a few years ago.”