Strike threat evaporates, but new investor cloud looms

Article Abstract:

The decision of the Korean Confederation of Trade Unions to cancel a planned nationwide strike ended a possible threat to investors' confidence in South Korea. However, a dispute ruling in favor of a local bank over a foreign bank raises foreign investors doubts on the ability of Korea to carry out agreements. The confederation had planned a strike to oppose the pending labor-reform laws in the National Assembly that would expedite layoffs.

Commercial Banks, Commercial Banking, Foreign Investment Regulations, Management, Foreign investments, Labor unions, Foreign investment laws

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Divisions emerge in the U.S.: Lenders angling for profits may help Seoul

Article Abstract:

US bankers hoping to make a profit from Korea's economic downturn may help Korea by giving them more options to chose from. Bankers led by J.P. Morgan and Co, have proposed part of corporate Korea's debt to government-issued bonds with maturities of five to twenty years. The proposal is valued between $15 billion and $20 billion and is yet another in the wave of proposals being sent to the Korean government.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Intnl Economic Policy, Analysis, International Monetary Fund, Banks (Finance), International aspects, International economic relations, South Korean foreign relations, International finance

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