This paper explores the sequence, pace, and emerging outcomes of bank restructuring in South Korea since the financial crisis in late 1997, paying special attention to the state intervention pattern in regard to resolving non-performing loans and privatizing temporarily nationalized banks by foreign selling.

Keywords:
financial restructuring, bank recapitalization, non-performing loan (NPL), state intervention, Asian financial crisis
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© 2009 by The Regents of the University of California.
2009
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