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Korea Savings Bank
Korea First Bank (), sometimes also referred to as Jeil Bank, was a Korean bank A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ... that operated between 1929 and 1997. It was one of five most prominent banks in South Korea by the mid-1990s, together with Chohung Bank, Korea Commercial Bank, Hanil Bank, and Seoul Bank. It was initially established in Korea under Japanese rule in 1929 as the Chōsen Savings Bank (), Following the division of Korea, it changed its name in May 1950 to Korea Savings Bank (), and in December 1958 to Korea First Bank. In December 1997, Korea First Bank was determined as insolvent following a bank run. It was subsequently recapitalized by the Korean authorities, and eventually acquired by Standard Chartered in 2005 to become Standard Chartered Korea. Un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint Stock Company
A joint-stock company (JSC) is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the Perpetual succession, continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (business), incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited company, limited companies. Some jurisdiction (area), jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the Unite ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Chartered Korea
Standard Chartered Korea (officially Standard Chartered Bank Korea Limited, formerly SC First Bank, Hangul: SC제일은행) is a banking and financial services company headquartered in Seoul, South Korea and a wholly owned subsidiary of Standard Chartered. It was created by the acquisition of the former Korea First Bank by Standard Chartered in 2005. History By the 1990s, Korea First Bank had become one of the five largest commercial banks in South Korea, together with Chohung Bank, Korea Commercial Bank, Hanil Bank, and Seoul Bank. It fell into financial trouble during the 1997 Asian financial crisis. It was acquired by Standard Chartered in 2005. See also * Economy of South Korea * List of Banks in South Korea * Standard Chartered Standard Chartered PLC is a British multinational bank with operations in wealth management, corporate and investment banking, and treasury services. Despite being headquartered in the United Kingdom, it does not conduct retail banking in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong
Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the world. Hong Kong was established as a colony of the British Empire after the Qing dynasty ceded Hong Kong Island in 1841–1842 as a consequence of losing the First Opium War. The colony expanded to the Kowloon Peninsula in 1860 and was further extended when the United Kingdom obtained a 99-year lease of the New Territories in 1898. Hong Kong was occupied by Japan from 1941 to 1945 during World War II. The territory was handed over from the United Kingdom to China in 1997. Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of one country, two systems. Originally a sparsely populated area of farming and fishing villages,. the territory is now one of the world's most signific ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London
London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Western Europe, with a population of 14.9 million. London stands on the River Thames in southeast England, at the head of a tidal estuary down to the North Sea, and has been a major settlement for nearly 2,000 years. Its ancient core and financial centre, the City of London, was founded by the Roman Empire, Romans as Londinium and has retained its medieval boundaries. The City of Westminster, to the west of the City of London, has been the centuries-long host of Government of the United Kingdom, the national government and Parliament of the United Kingdom, parliament. London grew rapidly 19th-century London, in the 19th century, becoming the world's List of largest cities throughout history, largest city at the time. Since the 19th cen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
May 16 Coup
The May 16 military coup d'état () was a military coup d'état in South Korea in 1961, organized and carried out by Park Chung Hee and his allies who formed the Military Revolutionary Committee, nominally led by Army Chief of Staff Chang Do-yong after the latter's acquiescence on the day of the coup. The coup rendered powerless the democratically elected government of Prime Minister Chang Myon and President Yun Posun, and ended the Second Republic, installing a reformist military Supreme Council for National Reconstruction effectively led by Park, who took over as chairman after Chang's arrest in July. The coup was instrumental in bringing to power a new developmentalist elite and in laying the foundations for the rapid industrialization of South Korea under Park's leadership, but its legacy is controversial for the suppression of democracy and civil liberties it entailed, and the purges enacted in its wake. Termed the "May 16 Military Revolution" by Park and his alli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Korea Development Bank
Korea Development Bank (KDB Bank) is a South Korean state-owned development bank which aims to encourage the industrial development of South Korea. It was founded in 1954 in accordance with The Korea Development Bank Act to finance and manage major industrial projects to expedite industrial development of Korea. , it was the 61st biggest global bank according to The Bankers top 1000 World Bank List. KDB Bank has not only fostered the growth of strategic industries but also facilitates the turnaround of troubled companies through restructuring and providing capital for strategic development projects. Since 2000, it has diversified into investment banking services and operates as a Commercial and Investment Bank. Nevertheless, it is a major restructuring player and has saved many big companies during major financial crisis, especially in the 1997 Asian financial crisis and the 2008 financial crisis. History KDB Bank was founded in 1954 to supply and manage major industrial c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Korea Industrial Bank
Korea is a peninsular region in East Asia consisting of the Korean Peninsula, Jeju Island, and smaller islands. Since the end of World War II in 1945, it has been politically divided at or near the 38th parallel between North Korea (Democratic People's Republic of Korea; DPRK) and South Korea (Republic of Korea; ROK). Both countries proclaimed independence in 1948, and the two countries fought the Korean War from 1950 to 1953. The region is bordered by China to the north and Russia to the northeast, across the Amnok (Yalu) and Duman (Tumen) rivers, and is separated from Japan to the southeast by the Korea Strait. Known human habitation of the Korean peninsula dates to 40,000 BC. The kingdom of Gojoseon, which according to tradition was founded in 2333 BC, fell to the Han dynasty in 108 BC. It was followed by the Three Kingdoms period, in which Korea was divided into Goguryeo, Baekje, and Silla. In 668 AD, Silla conquered Baekje and Goguryeo with the aid of the Tang dynas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monobank System
A single-tier banking system is a policy framework under which all credit institutions coexist without distinction about the quality of their liabilities, or in other words, there is no distinction between central bank money and broad money. This setting is generally associated with communist economic systems. An extreme version of single-tier banking system is the monobank system (a term coined by economist George Garvy) in which a single institution centralizes all financial intermediation. The alternative to a single-tier system is a two-tier banking system, in which the central bank is singled out and entrusted with monetary policy, as is presently the case in nearly all of the world's jurisdictions. The move from single-tier to two-tier banking systems has been a key feature of post-communist transitions or, in the case of China, post-Mao economic reform. References to tiering in the banking sector also exist in other contexts. For example, the Hong Kong Monetary Authorit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of The Democratic People's Republic Of Korea
The Central Bank of the Democratic People's Republic of Korea is North Korea's central bank. Established on December 6, 1947, it issues the North Korean won, North Korean won. The Bank is subordinated to the Cabinet of North Korea. Since 2023, the president of the bank has been Paek Min Gwang. The bank served as the ''de facto'' commercial bank of North Korea until the Kim Jong-un era, when financial and banking reforms separated the central bank from commercial functions. History In December 1945, the Pyongyang branch of the Bank of Chōsen created a temporary monetary office, known as the "calculation office". On , the central bank of North Korea was created with use of all branches of the Bank of Chōsen on North Korean territory. In practice, that central bank was under the control of the Soviet Armed Forces. It was complemented in April 1946 by the creation of a Farmers' Bank. However, the Soviet-controlled central bank failed to accomplish its objectives, being unable to mee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North Korea
North Korea, officially the Democratic People's Republic of Korea (DPRK), is a country in East Asia. It constitutes the northern half of the Korea, Korean Peninsula and borders China and Russia to the north at the Yalu River, Yalu (Amnok) and Tumen River, Tumen rivers, and South Korea to the south at the Korean Demilitarized Zone, Korean Demilitarized Zone (DMZ). The country's western border is formed by the Yellow Sea, while its eastern border is defined by the Sea of Japan. North Korea, like South Korea, claims to be the sole legitimate government of the entire peninsula and List of islands of North Korea, adjacent islands. Pyongyang is the capital and largest city. The Korean Peninsula was first inhabited as early as the Lower Paleolithic period. Its Gojoseon, first kingdom was noted in Chinese records in the early 7th century BCE. Following the unification of the Three Kingdoms of Korea into Unified Silla, Silla and Balhae in the late 7th century, Korea was ruled by the G ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
38th Parallel North
Following are circles of latitude between the 35th parallel north and the 40th parallel north: 36th parallel north The 36th parallel north is a circle of latitude that is 36 degrees north of the Earth's equatorial plane. It crosses Africa, the Mediterranean Sea, Asia, the Pacific Ocean, North America and the Atlantic Ocean. In the ancient Mediterranean world, its role for navigation and geography was similar to that played by the Equator today. From 7 April 1991 to 31 December 1996, the parallel defined the limit of the northern no-fly zone in Iraq. At this latitude the sun is visible for 14 hours, 36 minutes during the summer solstice and 9 hours, 43 minutes during the winter solstice. United States In the United States, the 36th parallel north is occasionally used as a rough northern boundary for the Sun Belt, a region spanning most Southern and Southwestern states and comprising most of the nation's warmest climates. Cities and landmarks close to the parallel include ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Chōsen
The Bank of Chōsen (, ''Joseon Eunhaeng''), known from 1909 to 1911 as the Bank of Korea ( ''Kankoku Ginkō'', ''Hanguk Eunhaeng'') and transcribed after 1945 as Bank of Joseon, was a colonial bank that served as bank of issue for Korea under Japanese rule as well as being a commercial bank, with significant operations beyond Korea until 1945. Formed in 1909 by reorganization of the former Korean operations of Japan's Dai-Ichi Bank, it issued the Korean yen from 1910 to 1945. Its seat was initially established in Seoul (known at the time as Hanseong, then Keijō), relocated to Tokyo in May 1924, and subsequently relocated back to Keijō. It has been described as "a primary component of Japanese foreign expansionism". Following the division of Korea in 1945, the Bank of Chōsen was succeeded in North Korea by the Central Bank of the Democratic People's Republic of Korea, Central Bank of the DPRK. In South Korea, it continued its activity and issued the South Korean won (1945–19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
