Hanvit Bank could be in big trouble - again

Korea''s largest commercial lender will need more capital and a bit of luck to get through the year.

Meera Tharmaratnam

May 25, 2000

Hanvit Bank, South KoreaÆs largest commercial lender, could be in big trouble again. Despite having raised some US$850 million this year, Hanvit is in no position to reduce its exposure to KoreaÆs top conglomerates by the governmentÆs time frame of 2002 and may need a new cash infusion if it wants to meet bad debt charges and tougher government lending rules.

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