The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
The author is a Reuters Breakingviews columnist. The opinions here are her own.
South Korea’s online bank hype ignores the gloom afflicting the country’s offline lenders. Regulators have given the green light to the country’s first two internet-only banks. Along with local players, foreign companies like Chinese e-commerce giant Alibaba and eBay have piled in. The euphoria is disconnected from Korea’s ailing banking industry.