Korea

According to a release, Jae-Sun Rah has been appointed Director, Head of Trade Finance & Working Capital Advisory – South Korea effective 1 September. Mr. Rah has over 20 years of transaction banking experience and a deep knowledge of the Korean market. Previously, he was at Citibank where he was most recently Director, Trade Product Head, Treasury and Trade Solutions for Korea.

Blame it on their higher reliance on market funding.

Forex regulations will be eased.

It has acquired a thrift bank.

The next 12-18 months look gloomy.

Higher capital requirements will be phased-in by 2019.

They are the first ones to be licensed in Korea in 23 years.

And neither are credit card advances.

They've been noted as credit positive.

Such as cost-savings, among others.

Reflecting rating relativities among largest commercial banks.

Long-term challenges lurk ahead.

Even fee structures will not be touched.

Woori Bank's expected to set aside provisioning.

Woori Bank has the largest exposure.

While those on corpo loans went down.