The Role of Kamco in Resolving Nonperforming Loans in the Republic of Korea

September 1, 2004

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Format: Chicago

Dong He. The Role of Kamco in Resolving Nonperforming Loans in the Republic of Korea, (USA: International Monetary Fund, 2004) accessed October 5, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Asset and liability management, Asset management, Distressed assets, Economic sectors, Financial institutions, Financial sector, Financial sector policy and analysis, Loans, Nonperforming loans

Keywords: Asset management, Asset management companies, Bank restructuring, Classification standard, Daewoo loan, Distressed assets, Financial sector, Governance structure, KAMCO bond, KAMCO NPL portfolio, KAMCO purchase, KAMCO's purchase, Loans, Nonperforming loans, Public funds, Southeast Asia, WP

Publication Details

Pages:

23
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2004/172
Stock No:

WPIEA1722004
ISBN:

9781451858600
ISSN:

1018-5941

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