Download This PaperThe Role of Kamco in Resolving Nonperforming Loans in the Republic of Korea
23 Pages Posted: 15 Feb 2006
Date Written: September 2004
Abstract
This paper aims to provide a balanced assessment of Korea Asset Management Corporation`s role in resolving nonperforming loans in the aftermath of the 1997-98 financial crisis. It argues that KAMCO`s incentive to dispose of NPLs can be explained by a strong social desire for a recovery of public funds injected for financial sector restructuring. KAMCO`s market-making role also helped overcome informational and coordination problems in the development of a market for distressed assets.
Keywords: asset management companies, bank restructuring
JEL Classification: G28, G33
Suggested Citation: Suggested Citation
He, Dong, The Role of Kamco in Resolving Nonperforming Loans in the Republic of Korea (September 2004). IMF Working Paper No. 04/172, Available at SSRN: https://ssrn.com/abstract=878997
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