Lessons Learned from Past Financial Crises : Korea 1998-2000 - Investing Equity/Quasi-Equity with Agility in Financial Institutions

International Finance Corporation (IFC) was very active in the Republic of Korea immediately after the Asian financial crisis erupted in 1997. IFC reestablished operations in Korea and opened a local office in October 1998, and closed it in late 20...

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Main Author:	Masse, Jean-Marie
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTING ACCOUNTING STANDARDS ADVISORY SERVICES BALANCE SHEET BANK MERGERS BANK RECAPITALIZATION BANK VALUATION BANKING SECTOR BANKING SYSTEM BEST PRACTICE BEST PRACTICES BROKERAGE BUSINESS DEVELOPMENT CAPITAL GAIN CAPITAL MARKETS CENTRAL BANK COMMERCIAL BANKS CONFLICT OF INTEREST CONTRIBUTION CORPORATE GOVERNANCE CREDIT BUREAUS CREDIT OFFICER CREDIT RATING CREDIT RATING AGENCIES CRISIS COUNTRIES CRISIS COUNTRY CRISIS MANAGEMENT CURRENCY DEPRECIATION DEFAULTS DEPOSITS DERIVATIVE DERIVATIVE PRODUCTS DIRECT INVESTMENTS DISCLOSURE STANDARDS DUE DILIGENCE ECONOMIC CRISIS EMERGING MARKET EMERGING MARKET COUNTRY EMERGING MARKETS EQUITY INVESTMENT EQUITY INVESTMENTS EQUITY MARKETS EQUITY PORTFOLIO EXPOSURE EXTERNAL AUDITORS FINANCE COMPANIES FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DISCLOSURE FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTOR REFORM FOREIGN EXCHANGE FOREIGN EXCHANGE MARKETS FUND MANAGEMENT FUTURE VALUE GLOBAL FINANCIAL MARKETS GROSS DOMESTIC PRODUCT HEAD OF BUSINESS INITIAL INVESTMENT INTERNAL AUDIT INTERNATIONAL ACCOUNTING STANDARDS INVESTING INVESTMENT APPROACH INVESTMENT CRITERIA INVESTMENT PROFESSIONALS INVESTMENT PROGRAM INVESTMENT STRATEGIES LIFE INSURANCE LIQUIDITY LIQUIDITY MANAGEMENT LIQUIDITY PROBLEMS LOAN LOAN PORTFOLIO LOAN PORTFOLIOS LOCAL CAPITAL MARKETS LOCAL CURRENCY MARKET ANALYSTS MARKET CONFIDENCE MARKET DISTORTION MARKET DISTORTIONS MARKET PARTICIPANTS MARKET PRICES MONETARY FUND MORTGAGE MORTGAGE FINANCE MUTUAL FUND NON-PERFORMING LOANS NONBANKS OUTPUT PARTICULAR COUNTRY PENSION PENSION FUND PORTFOLIO PRESS RELEASES PRIVATE SECTOR INVESTMENTS PUBLIC RELATIONS RETURN RISK MANAGEMENT SECONDARY MORTGAGE SENIOR SHAREHOLDER SHAREHOLDER VALUE SHAREHOLDERS STATE GUARANTEES STOCK MARKET STOCK MARKET INDEX SUPERVISORY AUTHORITIES TRADING TRADING SYSTEM TRANSPARENCY VALUABLE VALUATION
Online Access:	http://documents.worldbank.org/curated/en/2008/12/10183241/lessons-learned-past-financial-crises-korea-1998-2000-investing-equityquasi-equity-agility-financial-institutions http://hdl.handle.net/10986/10576

id	okr-10986-10576
recordtype	oai_dc
spelling	okr-10986-105762021-04-23T14:02:51Z Lessons Learned from Past Financial Crises : Korea 1998-2000 - Investing Equity/Quasi-Equity with Agility in Financial Institutions Masse, Jean-Marie ACCOUNTING ACCOUNTING STANDARDS ADVISORY SERVICES BALANCE SHEET BANK MERGERS BANK RECAPITALIZATION BANK VALUATION BANKING SECTOR BANKING SYSTEM BEST PRACTICE BEST PRACTICES BROKERAGE BUSINESS DEVELOPMENT CAPITAL GAIN CAPITAL MARKETS CENTRAL BANK COMMERCIAL BANKS CONFLICT OF INTEREST CONTRIBUTION CORPORATE GOVERNANCE CREDIT BUREAUS CREDIT OFFICER CREDIT RATING CREDIT RATING AGENCIES CRISIS COUNTRIES CRISIS COUNTRY CRISIS MANAGEMENT CURRENCY DEPRECIATION DEFAULTS DEPOSITS DERIVATIVE DERIVATIVE PRODUCTS DIRECT INVESTMENTS DISCLOSURE STANDARDS DUE DILIGENCE ECONOMIC CRISIS EMERGING MARKET EMERGING MARKET COUNTRY EMERGING MARKETS EQUITY INVESTMENT EQUITY INVESTMENTS EQUITY MARKETS EQUITY PORTFOLIO EXPOSURE EXTERNAL AUDITORS FINANCE COMPANIES FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DISCLOSURE FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTOR REFORM FOREIGN EXCHANGE FOREIGN EXCHANGE MARKETS FUND MANAGEMENT FUTURE VALUE GLOBAL FINANCIAL MARKETS GROSS DOMESTIC PRODUCT HEAD OF BUSINESS INITIAL INVESTMENT INTERNAL AUDIT INTERNATIONAL ACCOUNTING STANDARDS INVESTING INVESTMENT APPROACH INVESTMENT CRITERIA INVESTMENT PROFESSIONALS INVESTMENT PROGRAM INVESTMENT STRATEGIES LIFE INSURANCE LIQUIDITY LIQUIDITY MANAGEMENT LIQUIDITY PROBLEMS LOAN LOAN PORTFOLIO LOAN PORTFOLIOS LOCAL CAPITAL MARKETS LOCAL CURRENCY MARKET ANALYSTS MARKET CONFIDENCE MARKET DISTORTION MARKET DISTORTIONS MARKET PARTICIPANTS MARKET PRICES MONETARY FUND MORTGAGE MORTGAGE FINANCE MUTUAL FUND NON-PERFORMING LOANS NONBANKS OUTPUT PARTICULAR COUNTRY PENSION PENSION FUND PORTFOLIO PRESS RELEASES PRIVATE SECTOR INVESTMENTS PUBLIC RELATIONS RETURN RISK MANAGEMENT SECONDARY MORTGAGE SENIOR SHAREHOLDER SHAREHOLDER VALUE SHAREHOLDERS STATE GUARANTEES STOCK MARKET STOCK MARKET INDEX SUPERVISORY AUTHORITIES TRADING TRADING SYSTEM TRANSPARENCY VALUABLE VALUATION International Finance Corporation (IFC) was very active in the Republic of Korea immediately after the Asian financial crisis erupted in 1997. IFC reestablished operations in Korea and opened a local office in October 1998, and closed it in late 2002 after Korea recovered from the crisis. At the end of 1997, the Korean economy suddenly started to contract, the Korean won plummeted by over 100 percent against the US dollar, and liquidity in the banking sector dried up. Major commercial banks as well as smaller specialized financial institutions all faced increases in non-performing loans and were unable to roll over their shorter-term funding. In response to this crisis, IFC's first priority was to strengthen financial institutions through both financing and advisory services, and enable them to lead the restructuring process. IFC then injected liquidity into the trading system through trade enhancement facilities. IFC supported the restructuring of corporations facing liquidity problems and helped its clients grow as the recovery began. IFC helped strengthen Korea's financial sector by giving priority to financial sector reform. The Board approved investments of about US$670 million in 16 banks and finance companies. 2012-08-13T12:08:52Z 2012-08-13T12:08:52Z 2008-12 http://documents.worldbank.org/curated/en/2008/12/10183241/lessons-learned-past-financial-crises-korea-1998-2000-investing-equityquasi-equity-agility-financial-institutions http://hdl.handle.net/10986/10576 English IFC Smart Lessons Brief CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research East Asia and Pacific Korea, Republic of
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACCOUNTING ACCOUNTING STANDARDS ADVISORY SERVICES BALANCE SHEET BANK MERGERS BANK RECAPITALIZATION BANK VALUATION BANKING SECTOR BANKING SYSTEM BEST PRACTICE BEST PRACTICES BROKERAGE BUSINESS DEVELOPMENT CAPITAL GAIN CAPITAL MARKETS CENTRAL BANK COMMERCIAL BANKS CONFLICT OF INTEREST CONTRIBUTION CORPORATE GOVERNANCE CREDIT BUREAUS CREDIT OFFICER CREDIT RATING CREDIT RATING AGENCIES CRISIS COUNTRIES CRISIS COUNTRY CRISIS MANAGEMENT CURRENCY DEPRECIATION DEFAULTS DEPOSITS DERIVATIVE DERIVATIVE PRODUCTS DIRECT INVESTMENTS DISCLOSURE STANDARDS DUE DILIGENCE ECONOMIC CRISIS EMERGING MARKET EMERGING MARKET COUNTRY EMERGING MARKETS EQUITY INVESTMENT EQUITY INVESTMENTS EQUITY MARKETS EQUITY PORTFOLIO EXPOSURE EXTERNAL AUDITORS FINANCE COMPANIES FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DISCLOSURE FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTOR REFORM FOREIGN EXCHANGE FOREIGN EXCHANGE MARKETS FUND MANAGEMENT FUTURE VALUE GLOBAL FINANCIAL MARKETS GROSS DOMESTIC PRODUCT HEAD OF BUSINESS INITIAL INVESTMENT INTERNAL AUDIT INTERNATIONAL ACCOUNTING STANDARDS INVESTING INVESTMENT APPROACH INVESTMENT CRITERIA INVESTMENT PROFESSIONALS INVESTMENT PROGRAM INVESTMENT STRATEGIES LIFE INSURANCE LIQUIDITY LIQUIDITY MANAGEMENT LIQUIDITY PROBLEMS LOAN LOAN PORTFOLIO LOAN PORTFOLIOS LOCAL CAPITAL MARKETS LOCAL CURRENCY MARKET ANALYSTS MARKET CONFIDENCE MARKET DISTORTION MARKET DISTORTIONS MARKET PARTICIPANTS MARKET PRICES MONETARY FUND MORTGAGE MORTGAGE FINANCE MUTUAL FUND NON-PERFORMING LOANS NONBANKS OUTPUT PARTICULAR COUNTRY PENSION PENSION FUND PORTFOLIO PRESS RELEASES PRIVATE SECTOR INVESTMENTS PUBLIC RELATIONS RETURN RISK MANAGEMENT SECONDARY MORTGAGE SENIOR SHAREHOLDER SHAREHOLDER VALUE SHAREHOLDERS STATE GUARANTEES STOCK MARKET STOCK MARKET INDEX SUPERVISORY AUTHORITIES TRADING TRADING SYSTEM TRANSPARENCY VALUABLE VALUATION
spellingShingle	ACCOUNTING ACCOUNTING STANDARDS ADVISORY SERVICES BALANCE SHEET BANK MERGERS BANK RECAPITALIZATION BANK VALUATION BANKING SECTOR BANKING SYSTEM BEST PRACTICE BEST PRACTICES BROKERAGE BUSINESS DEVELOPMENT CAPITAL GAIN CAPITAL MARKETS CENTRAL BANK COMMERCIAL BANKS CONFLICT OF INTEREST CONTRIBUTION CORPORATE GOVERNANCE CREDIT BUREAUS CREDIT OFFICER CREDIT RATING CREDIT RATING AGENCIES CRISIS COUNTRIES CRISIS COUNTRY CRISIS MANAGEMENT CURRENCY DEPRECIATION DEFAULTS DEPOSITS DERIVATIVE DERIVATIVE PRODUCTS DIRECT INVESTMENTS DISCLOSURE STANDARDS DUE DILIGENCE ECONOMIC CRISIS EMERGING MARKET EMERGING MARKET COUNTRY EMERGING MARKETS EQUITY INVESTMENT EQUITY INVESTMENTS EQUITY MARKETS EQUITY PORTFOLIO EXPOSURE EXTERNAL AUDITORS FINANCE COMPANIES FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DISCLOSURE FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTOR REFORM FOREIGN EXCHANGE FOREIGN EXCHANGE MARKETS FUND MANAGEMENT FUTURE VALUE GLOBAL FINANCIAL MARKETS GROSS DOMESTIC PRODUCT HEAD OF BUSINESS INITIAL INVESTMENT INTERNAL AUDIT INTERNATIONAL ACCOUNTING STANDARDS INVESTING INVESTMENT APPROACH INVESTMENT CRITERIA INVESTMENT PROFESSIONALS INVESTMENT PROGRAM INVESTMENT STRATEGIES LIFE INSURANCE LIQUIDITY LIQUIDITY MANAGEMENT LIQUIDITY PROBLEMS LOAN LOAN PORTFOLIO LOAN PORTFOLIOS LOCAL CAPITAL MARKETS LOCAL CURRENCY MARKET ANALYSTS MARKET CONFIDENCE MARKET DISTORTION MARKET DISTORTIONS MARKET PARTICIPANTS MARKET PRICES MONETARY FUND MORTGAGE MORTGAGE FINANCE MUTUAL FUND NON-PERFORMING LOANS NONBANKS OUTPUT PARTICULAR COUNTRY PENSION PENSION FUND PORTFOLIO PRESS RELEASES PRIVATE SECTOR INVESTMENTS PUBLIC RELATIONS RETURN RISK MANAGEMENT SECONDARY MORTGAGE SENIOR SHAREHOLDER SHAREHOLDER VALUE SHAREHOLDERS STATE GUARANTEES STOCK MARKET STOCK MARKET INDEX SUPERVISORY AUTHORITIES TRADING TRADING SYSTEM TRANSPARENCY VALUABLE VALUATION Masse, Jean-Marie Lessons Learned from Past Financial Crises : Korea 1998-2000 - Investing Equity/Quasi-Equity with Agility in Financial Institutions
geographic_facet	East Asia and Pacific Korea, Republic of
relation	IFC Smart Lessons Brief
description	International Finance Corporation (IFC) was very active in the Republic of Korea immediately after the Asian financial crisis erupted in 1997. IFC reestablished operations in Korea and opened a local office in October 1998, and closed it in late 2002 after Korea recovered from the crisis. At the end of 1997, the Korean economy suddenly started to contract, the Korean won plummeted by over 100 percent against the US dollar, and liquidity in the banking sector dried up. Major commercial banks as well as smaller specialized financial institutions all faced increases in non-performing loans and were unable to roll over their shorter-term funding. In response to this crisis, IFC's first priority was to strengthen financial institutions through both financing and advisory services, and enable them to lead the restructuring process. IFC then injected liquidity into the trading system through trade enhancement facilities. IFC supported the restructuring of corporations facing liquidity problems and helped its clients grow as the recovery began. IFC helped strengthen Korea's financial sector by giving priority to financial sector reform. The Board approved investments of about US$670 million in 16 banks and finance companies.
format	Publications & Research :: Brief
author	Masse, Jean-Marie
author_facet	Masse, Jean-Marie
author_sort	Masse, Jean-Marie
title	Lessons Learned from Past Financial Crises : Korea 1998-2000 - Investing Equity/Quasi-Equity with Agility in Financial Institutions
title_short	Lessons Learned from Past Financial Crises : Korea 1998-2000 - Investing Equity/Quasi-Equity with Agility in Financial Institutions
title_full	Lessons Learned from Past Financial Crises : Korea 1998-2000 - Investing Equity/Quasi-Equity with Agility in Financial Institutions
title_fullStr	Lessons Learned from Past Financial Crises : Korea 1998-2000 - Investing Equity/Quasi-Equity with Agility in Financial Institutions
title_full_unstemmed	Lessons Learned from Past Financial Crises : Korea 1998-2000 - Investing Equity/Quasi-Equity with Agility in Financial Institutions
title_sort	lessons learned from past financial crises : korea 1998-2000 - investing equity/quasi-equity with agility in financial institutions
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2008/12/10183241/lessons-learned-past-financial-crises-korea-1998-2000-investing-equityquasi-equity-agility-financial-institutions http://hdl.handle.net/10986/10576
_version_	1764413601721876480

Lessons Learned from Past Financial Crises : Korea 1998-2000 - Investing Equity/Quasi-Equity with Agility in Financial Institutions

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