Wednesday, March 8, 2017

Bank of China Saad retaliation cases eye on



[Korea Jeongseon financial newspaper reporters] China Saad (high-altitude missile defense system · THAAD) has reported that the bank has a subsidiary in retaliation to keep alert.

The monitoring plan for the sector also appears movements favorite goddess sphere of influence, like the travel industry, and if the situation is protracted restructuring also raised the need for a China strategy.

In eight days the banking industry, KEB, Hana Bank (31), Woori Bank (21), Shinhan Bank (18), domestic banks have set up a subsidiary in China, mainly sales target of South Korea companies enter the Chinese and Korean residents and. If the damage does not spread outside of South Korea companies operating in China can affect the situation.

Specifically, look at the Chinese market, Lotte affiliates bojeungaek payments it totaled more than the 320 billion won to 215 billion won for KEB, Hana Bank, Shinhan Bank, including 60 billion won.

Banking industry officials explained, "When the Anti-Korean sentiment in China is difficult to avoid the spreading impact of the subsidiaries of the Bank.

But 'did not deal damage cases now occur' In general, banks still said "immediate impact but believes that companies need to monitor whether the damage 'is the position. A banking industry officials also "have heard talk about this item also increased slightly uncomfortable, such as customs delay, said, 'but it is currently not sensitive to the atmosphere, such as Korea news" and preach.

But in China, if not enter the bank has also appeared on gyeonggyegam sector might be affected.

A banking industry official "tourism, hospitality, such as China-related sector 'plans to flexibly operate as a credit monitoring in accordance with the government response results, saying" your industry management industry specified, periodic monitoring implementation, new loans and deadlines postponed, depending on future plans you can review the restrictions, etc. "he said in.

In particular, while expanding the possibilities of strengthening regulatory uncertainty and financial tension In China, authorities appear banknote. Now even a big blow eopeoseoda can only worry about the fall in sales strategy in China. Last 7 days wiseongho Shinhan Bank is' and is contemplating whether to do any business' 'At first, it changed the business environment and the fact that when you entered China, said at the inaugural press conference, he said.

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