Foreign exchange market

Article Abstract:

South Korea's central bank aims to make the won fully convertible as a medium of international exchange in order to develop the country's foreign exchange market. The won is expected to depreciate through the first six months of 1997.

Chase Manhattan Bank N.A. (New York, New York)

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Payment systems

Article Abstract:

A Citibank report describes bank payment systems in South Korea, which is evolving to electronic systems. Ordinary checks are seldom used, but cashier's checks, electronic fund transfers, and promissory notes are used extensively.

United States, Investment Companies, Open-End Investment Funds, Citibank N.A. (New York, New York)

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Deutsche's battle for custody

Article Abstract:

Deutsche Bank AG is seeking market share in Asia. Competitors are local banking institutions and other international banks.

Germany, Deutsche Bank AG

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