Korea Exchange Bank
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| Korea Exchange Bank | |
|---|---|
| Hangul: |
외환은행
|
| Hanja: |
外換銀行
|
| Revised Romanization: | Oehwan eunhaeng |
| McCune-Reischauer: | Oehwan ŭnhaeng |
Oehwan Bank or Korea Exchange Bank (KEB) (KSE: 004940) is South Korea's only exchange bank company. It is headquartered in Seoul, and was established in 1967 It was purchased by Kookmin Bank in 2006 forming the largest financial corporation in South Korea.
It was acquired in 2003 by Lone Star Funds, a private American equity fund, as part of the general reorganization of the South Korean financial sector following the Asian financial crisis. In 2006, Lone Star tried to sell the company to the highest bidder, Kookmin Bank, but the plan was scrapped when it faced investigations by South Korean prosecutors.
[edit] Product
- Foreign money in exchange banking, General fund Banking
[edit] See also
- Economy of South Korea
- List of South Korean companies
- List of Banks in South Korea
- Exchange bank
- List of Korea-related topics
[edit] External links
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