S. Korea’s Overall Financial System Appears to be Resilient: IMF

SEOUL, April 21 (Korea Bizwire) — The International Monetary Fund (IMF) said Tuesday that South Korea’s overall financial system appears resilient, but it warned of growing vulnerabilities. The IMF said most parts of South Korea’s banking system appear prudentially strong, but prospects for banks and insurers are dimming due to growth-related uncertainties, low interest rates, [...]