The nation’s financial regulator reaffirmed Tuesday that it will not approve the sale of the Korea Exchange Bank (KEB) until a court rules as to whether the bank was sold at an unfairly low price to U.S. investment fund Lone Star. Asked whether the Financial Supervisory Service (FSS) will approve the sale, FSS Deputy […]
By Kim Yon-se - Staff Reporter
HSBC has not paid the taxes due on tens of billions of won it gained as a result of transactions of shares in 2002 and 2003 in a small Korean company via its equity fund, officials from tax agencies said.
HSBC had acquired PKL, a Korean manufacturing firm in Chungchong […]
According to Inner City Press, HSBC, or at least its chairman John Bond, is deeply in denial. From the Financial Times of December 24, 2004: “Household has faced accusations of predatory lending from consumer groups but Sir John attributes Household’s problems to ‘one or two rogue branches.’” One or two branches? […]
HSBC was been beaten by Standard Chartered in a high-profile bid for Korea First Bank, as reported on January 13, 2005. Standard Chartered has confirmed that it will buy the South Korean bank for £1.8billion. StanChart snatched the bank from HSBC in a quickly convened deal over Christmas. HSBC now has Korea Exchange […]
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