, Korea

Lending of South Korean banks need improved supervision

Board of Audit and Inspection says some lenders failed to pass on interest rate cuts to customers during the 2008-09 crisis.

OCBC Treasury Research noted:

Vice Finance Minister Shin has indicated concerns over the prospect of domestic consumption growth going forward.

Meanwhile, Board of Audit and Inspection indicated that some local banks failed to pass on interest rate cuts to the customers during the 2008-09 crisis, and went on to advise the FSS to improve supervision on banks’ lending.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!