Are chaebol the best bet to bail out finance sector

Article Abstract:

Economic and banking industry analysts are criticizing the South Korean government's action to attract the country's conglomerates or 'chaebol' to rescue the country's troubled banking and insurance industry. Critics deem the action will cause an increase in the country's depedence on its chaebol and may have negative political and economic implications. Eleven of top South Korean banks currently have aalmost 5.3% or an estimated 9.8 trillion won in nonperforming loans, while earnings for the banks have decreased by an average of 12.5%. South Korea's banking industry came into trouble when Hanbo Steel went bankrupt, leaving many banks with bad loans.

Banking Institutions, Depository Credit Intermediation, Insurance, Insurance Carriers and Related Activities, DEPOSITORY INSTITUTIONS, INSURANCE CARRIERS, Banking industry, South Korea, Conglomerate corporations, Banks (Finance), Insurance industry

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Takefuji may step toward elite ranks

Article Abstract:

Japanese consumer loan company Takefuji Corp. is expected to offer a large stock offering and list on the Tokyo stock exchange. Chairman Yasuo Takei is considering selling some $500 million worth of shares which would reduce his share to 70% valued at $4.5 billion. The firm, which is considered one of the country's high growth companies, would allow investors an opportunity to own a stake in the successful company.

Management, Japan, Commercial finance companies, Securities, Growth companies, Takefuji Corp.

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