Subject category:
Strategy and General Management
Published by:
IBS Case Development Center
Length: 9 pages
Data source: Published sources
Topics:
Korea's Kookmin Bank; Restructuring strategy; Asian financial crisis; Jung Tae Kim; Kookmin interbank payment service (KIPS); Customer Relationship Management (CRM); Risk management group; South Korean chaebol; Risk adjusted pricing system (RAPS); Basel II capital accord; Financial leverage; Housing and Commercial Bank (H&CB); Private commercial bank; South Korean financial system; Chip-based mobile banking
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https://casecent.re/p/19890
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Abstract
The Asian crisis of 1997 had a devastating effect on the economies of the southeast Asian countries. The majority of the loans extended by the countries'' financial institutions to prime sectors including manufacturing and real-estate sectors, went bust. Kookmin, the largest commercial bank of South Korea was no exception. Kookmin under the leadership of Jung Tae Kim, who was named the ''best CEO'' in 2001, by the Korean Stock Exchange for his leadership and governance practices, adopted various restructuring strategies to retain its profitability. This case study helps the readers in understanding the ways and means of Kookmin Bank''s restructuring and highlighting therein the contributions of its CEO.
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Abstract
The Asian crisis of 1997 had a devastating effect on the economies of the southeast Asian countries. The majority of the loans extended by the countries'' financial institutions to prime sectors including manufacturing and real-estate sectors, went bust. Kookmin, the largest commercial bank of South Korea was no exception. Kookmin under the leadership of Jung Tae Kim, who was named the ''best CEO'' in 2001, by the Korean Stock Exchange for his leadership and governance practices, adopted various restructuring strategies to retain its profitability. This case study helps the readers in understanding the ways and means of Kookmin Bank''s restructuring and highlighting therein the contributions of its CEO.