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Weekly Digest: INA deepens ties with China; GIC weighs Tokyo skyscraper sale | Asset Owners

Weekly Digest: INA deepens ties with China; GIC weighs Tokyo skyscraper sale | Asset Owners
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KAMCO to select two managers for fund mandate | Asia Asset Management

KAMCO says the fund will focus on non-performing loans under Korea Federation Community Credit Cooperatives.

Presidential office allays fears of imminent economic crisis

The presidential office on Friday allayed concerns that Korea faces an imminent economic crisis, possibly as early as this month, by pointing to data indicating what it projected to be a marked rebound in the second half of this year.

Government attempts to reassure KFCC depositors

The government on Thursday stepped in to soothe public anxiety over the Korean Federation of Community Credit Cooperatives (KFCC), as depositors' distrust toward the nation's primary mutual financial institution lingers over its high delinquency rates. The joint briefing was organized by relevant agencies including the Ministry of the Interior and Safety, the Financial Services Commission and the KFCC. &quo.

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