Globalization of Korean Banks Based on Financial Services Reform

论文摘要

After East Asian financial crisis, major Korean banks had to reorganize and restructure to remove their bad debts. And as a result of it, most of major banks were acquired by foreign investors. However, a decade after East Asian financial crisis the development of the financial industry in Korea was poorly preceded. Therefore to follow a country’s rapid economic structure change the development of banking industry in Korea becomes urgent issue. It indicates manufacturing business in Korea started to follow globalization economy and banking industry should support manufacturing business in oversea sites to actively participate in global finance service. From this paper, analyzing banking industry of Korea and expecting future business of it has the highest priority. But this financial industry always influenced by Korean government policy. Therefore, from the researched data, Korean government’ policies are also analyzed and explained to understand the development of Korean banking system.Korean government is planning to issue new finance law to reform finance industry in Feb, 2009. This paper researched and investigated three primary contributions. First, this paper identifies and characterizes Korean banks with major shareholders and their roles before and after the coming financial services reform. Second, the detail plans and strategic points of Korean banks in the global finance market and investment banks in Korea in the eastern Asia region and their new business in China market, especially the strategic point of regional business in China. Third, from the financial service reform in Korea, the effects of the domestic market and how this will help to make major Korean banks to be ranked world finance industry are researched. Also, what kinds of risk factors should be avoided and what kind of strategy is essential to the Korean banks after the financial service reform to be successfully developed are explained to better understand the future business of Korean banks in financial policy.

论文目录

• ABSTRACT
• Chapter One:Introduction
• Chapter Two:Major shareholders in Korean banks
• 2.1.Universal Bank
• 2.2.Korean banks
• 2.2.1.Kookmin Bank
• 2.2.2.Shinhan Bank
• 2.2.3.Woori Bank
• 2.3.Korean government regulation
• 2.4.Foreign investors' shares in Korean banks
• Chapter Three:Strategy of Korean banks
• 3.1.Background
• 3.2.Global Economy outlook
• 3.2.1.Long term perspective
• 3.2.2.Inflation and policies for the developing countries
• 3.2.3.The increase of the price in primary commodity
• 3.3.Bank,Insurance and Security firms
• Chapter Four:Investment banks
• 4.1.The world's best investment banks
• 4.1.1.Citigroup
• 4.1.2.JP Morgan Chase
• 4.1.3.Bank of America
• 4.2.Korean investment bank
• 4.2.1.Samsung securities
• 4.2.2.Daewoo securities
• 4.2.3.Woori investment and securities
• 4.3.The investment banks of Korea and United States
• Chapter Five:The expected effects from the Financial Service Reform Act
• 5.1.Korean Banks,and other export oriented companies
• 5.2.The capability of the Korean banks before and after the Financial Service Reform Act in Korea and in global finance market
• 5.2.1.International Monetary Fund's research on the development of the bank for the Middle East and North Africa（MENA）
• 5.2.2.Hypothesis
• 5.2.3.Test results
• Chapter Six:Foreign exchange market of Korea Won and Korean government policy
• 6.1.Overview of the market
• 6.2.Non Delivery Forward（NDF） market and Korean Won
• 6.3.Korea government's new plan for the exchange market
• Chapter Seven:Avoiding business risk from the example of Korean banks
• 7.1.Value-at-Risk
• 7.2.Operation Risk
• 7.3.Korean banks risk control
• References
• Conclusion
• 后记