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

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dc.contributor.authorMasse, Jean-Marie
dc.date.accessioned2012-08-13T12:08:52Z
dc.date.available2012-08-13T12:08:52Z
dc.date.issued2008-12
dc.description.abstractInternational 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/2008/12/10183241/lessons-learned-past-financial-crises-korea-1998-2000-investing-equityquasi-equity-agility-financial-institutions
dc.identifier.doi10.1596/10576
dc.identifier.urihttps://hdl.handle.net/10986/10576
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesIFC Smart Lessons Brief
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo/
dc.subjectACCOUNTING
dc.subjectACCOUNTING STANDARDS
dc.subjectADVISORY SERVICES
dc.subjectBALANCE SHEET
dc.subjectBANK MERGERS
dc.subjectBANK RECAPITALIZATION
dc.subjectBANK VALUATION
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBEST PRACTICE
dc.subjectBEST PRACTICES
dc.subjectBROKERAGE
dc.subjectBUSINESS DEVELOPMENT
dc.subjectCAPITAL GAIN
dc.subjectCAPITAL MARKETS
dc.subjectCENTRAL BANK
dc.subjectCOMMERCIAL BANKS
dc.subjectCONFLICT OF INTEREST
dc.subjectCONTRIBUTION
dc.subjectCORPORATE GOVERNANCE
dc.subjectCREDIT BUREAUS
dc.subjectCREDIT OFFICER
dc.subjectCREDIT RATING
dc.subjectCREDIT RATING AGENCIES
dc.subjectCRISIS COUNTRIES
dc.subjectCRISIS COUNTRY
dc.subjectCRISIS MANAGEMENT
dc.subjectCURRENCY DEPRECIATION
dc.subjectDEFAULTS
dc.subjectDEPOSITS
dc.subjectDERIVATIVE
dc.subjectDERIVATIVE PRODUCTS
dc.subjectDIRECT INVESTMENTS
dc.subjectDISCLOSURE STANDARDS
dc.subjectDUE DILIGENCE
dc.subjectECONOMIC CRISIS
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKET COUNTRY
dc.subjectEMERGING MARKETS
dc.subjectEQUITY INVESTMENT
dc.subjectEQUITY INVESTMENTS
dc.subjectEQUITY MARKETS
dc.subjectEQUITY PORTFOLIO
dc.subjectEXPOSURE
dc.subjectEXTERNAL AUDITORS
dc.subjectFINANCE COMPANIES
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL DISCLOSURE
dc.subjectFINANCIAL INFRASTRUCTURE
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTOR REFORM
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE MARKETS
dc.subjectFUND MANAGEMENT
dc.subjectFUTURE VALUE
dc.subjectGLOBAL FINANCIAL MARKETS
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHEAD OF BUSINESS
dc.subjectINITIAL INVESTMENT
dc.subjectINTERNAL AUDIT
dc.subjectINTERNATIONAL ACCOUNTING STANDARDS
dc.subjectINVESTING
dc.subjectINVESTMENT APPROACH
dc.subjectINVESTMENT CRITERIA
dc.subjectINVESTMENT PROFESSIONALS
dc.subjectINVESTMENT PROGRAM
dc.subjectINVESTMENT STRATEGIES
dc.subjectLIFE INSURANCE
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY MANAGEMENT
dc.subjectLIQUIDITY PROBLEMS
dc.subjectLOAN
dc.subjectLOAN PORTFOLIO
dc.subjectLOAN PORTFOLIOS
dc.subjectLOCAL CAPITAL MARKETS
dc.subjectLOCAL CURRENCY
dc.subjectMARKET ANALYSTS
dc.subjectMARKET CONFIDENCE
dc.subjectMARKET DISTORTION
dc.subjectMARKET DISTORTIONS
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET PRICES
dc.subjectMONETARY FUND
dc.subjectMORTGAGE
dc.subjectMORTGAGE FINANCE
dc.subjectMUTUAL FUND
dc.subjectNON-PERFORMING LOANS
dc.subjectNONBANKS
dc.subjectOUTPUT
dc.subjectPARTICULAR COUNTRY
dc.subjectPENSION
dc.subjectPENSION FUND
dc.subjectPORTFOLIO
dc.subjectPRESS RELEASES
dc.subjectPRIVATE SECTOR INVESTMENTS
dc.subjectPUBLIC RELATIONS
dc.subjectRETURN
dc.subjectRISK MANAGEMENT
dc.subjectSECONDARY MORTGAGE
dc.subjectSENIOR
dc.subjectSHAREHOLDER
dc.subjectSHAREHOLDER VALUE
dc.subjectSHAREHOLDERS
dc.subjectSTATE GUARANTEES
dc.subjectSTOCK MARKET
dc.subjectSTOCK MARKET INDEX
dc.subjectSUPERVISORY AUTHORITIES
dc.subjectTRADING
dc.subjectTRADING SYSTEM
dc.subjectTRANSPARENCY
dc.subjectVALUABLE
dc.subjectVALUATION
dc.titleLessons Learned from Past Financial Crises : Korea 1998-2000 - Investing Equity/Quasi-Equity with Agility in Financial Institutionsen
dspace.entity.typePublication
okr.date.disclosure2012-01-17
okr.date.doiregistration2025-04-29T10:30:17.525783Z
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2008/12/10183241/lessons-learned-past-financial-crises-korea-1998-2000-investing-equityquasi-equity-agility-financial-institutions
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid630131468048836265
okr.identifier.externaldocumentum000333038_20090120002830
okr.identifier.internaldocumentum10183241
okr.identifier.report47150
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2009/01/20/000333038_20090120002830/Rendered/PDF/471500BRI0Box3101OFFICIAL0USE0ONLY1.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryKorea, Republic of
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicBanks and Banking Reform
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Access to Finance
okr.unitEuropean Office - Paris (CXAPA)
okr.volume1 of 1
relation.isSeriesOfPublication99147cd6-fa98-4a58-b3e7-81af3f4ffd98
relation.isSeriesOfPublication.latestForDiscovery99147cd6-fa98-4a58-b3e7-81af3f4ffd98
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