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Article: Merchant Banking Gets Back on Track by Year-End: Min. Jin.
- Article from:
- Korea Times (Seoul, Korea)
- Article date:
- October 26, 2000
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Finance-Economy minister Jin Nyum yesterday reaffirmed his former stance that corporate and financial sector restructuring would be phased out by the end of the year.
In a speech delivered at the Bankers' Club, minister Jin said, ``By the end of the year, the government will pave the way for the rehabilitation of merchant banks -- Central Banking, Korea Merchant Banking and H&S Merchant Banking -- with the injection of public money.''
In addition, he stressed that restructuring in all sectors including insurance and investment and trust sectors would be completed by year- end.
``The government will encourage the five merchant banks now ...