Shaw Capital Management Headlines : Korean finance firms stumble overseas
http://joongangdaily.
joins.
com/article/view.
asp?aid=2928475
By Jung Jae-yoon [jyj222@joongang.
co.
kr]
November 17, 2010
Korean banks operating in New York City have a noticeable...
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Shaw Capital Management Headlines : Korean finance firms stumble overseas
http://joongangdaily.
joins.
com/article/view.
asp?aid=2928475
By Jung Jae-yoon [jyj222@joongang.
co.
kr]
November 17, 2010
Korean banks operating in New York City have a noticeable lack of customers.
Domestic banks operating
in other countries have mostly failed to localize their businesses.
By the Korea JoongAng Daily
While it is common to find a man in New York driving a Hyundai or a woman in London talking on her
Samsung cell phone, it is a much harder task to find someone overseas employing the services of a
Korean financial company.
And even if foreigners are aware of a particular Korean financial firm that operates in their country,
chances are they have never visited it.
“Compared to our manufacturing industry that has already advanced onto the global stage, the domestic
financial sector is far behind.
The real definition of ‘localization’ is not just the establishment of a
subsidiary overseas, but i
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