South Korea loosens bank capital requirements
Published: 30 May 2009 17:54:38 PSTSEOUL, May 28 - South Korea has revised down its capital ratio guideline for banks to a maximum 10 percent from 12 percent, a regulatory official said on Thursday.
"They have raised capital enough by now, and we will not call on them to stretch themselves further to raise additional amounts," said Yang Hyun-keun, director of the Financial Supervisory Service's (FSS) foreign exchange affairs office.
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