Korean banks

IBK's confusing message

A muddle over a planned block sale of IBK shares highlights the Korean government's clumsy performance in the banking sector.

Rupert Walker

June 23, 2011

The Korean government can’t seem to make a move in the country’s banking sector without tripping up. Its latest misstep happened this week when it gave confusing signals about a proposed sale of a small part of its 68.6% holding in Industrial Bank of Korea (IBK).

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