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The South Korean government owns the majority of its shares in the Korea Development Bank, Industrial Bank of Korea, and Korea Eximbank. Suhyup Bank and Nonghyup Bank are not owned by the Korean government, but their organizations (NFAC – which is a sole shareholder of Nonghyup Financial Group – and NFFC) are largely influenced by the ...
List of international financial institutions: . African Development Bank; Asian Development Bank; Asian Infrastructure Investment Bank; Bank for International Settlements; Black Sea Trade and Development Bank
The Bank of Korea was established on 12 June 1950 under the Bank of Korea Act passed of 5 May 1950, taking over assets and operations from the simultaneously liquidated Bank of ChÅsen. [2] It was given a wide range of functions in relation to monetary and financial policy, banking supervision, and foreign exchange policy.
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Foreign banks (Citibank, HSBC, Deutsche Bank, etc.) which have a presence in ROK are not international branches, but rather wholly Korean entities, due to Korean law. [1] The branches must obtain a banking license from the Korean Financial Services Commission (FSC). [2]
The bank was first established in 1976. [1] Its primary purpose is to support South Korea's export-led economy by providing loans, financing mega projects and thereby facilitating economic cooperation with other countries. [1]
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank and international financial institution that aims to collectively improve economic and social outcomes in Asia. [4] It is the world's second largest multi-lateral development institution. [5]
International Bank may refer to: International Bank for Reconstruction and Development, an international financial institution belonging to the World Bank, formed in 1944; International Bank of Commerce, a bank in Texas, founded in 1966; International Bank (Liberia), a Liberian bank created in 1960; International Bank of Azerbaijan, a global ...