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Since the Asian financial crisis, KDB has played a pivotal role in the nation's corporate restructuring process by leveraging the expertise it has accumulated over decades of managing insolvent companies.
First, KDB, as the main creditor for many major corporations, stood in the forefront as Korea took steps to overcome the crisis and has remained there. As a member of the Creditor Banks Committee, the Bank has worked hard to reconcile the differing views held by the government, companies and other creditor banks.
Second, by functioning as a market maker, KDB has provided stability in the domestic corporate restructuring market. Immediately after the crisis, the local restructuring market teetered from the lack of experience among domestic restructuring firms. KDB worked relentlessly to quickly stabilize the market by creating funds and applying its corporate restructuring knowledge.
Third, KDB has led the development of the capital market by introducing a variety of financial products and services, such as ABS, CRC, CR-REITs, equity financing, debt readjustments and M&A, to facilitate corporate restructuring and reinvigorate the capital market.
Fourth, KDB has instituted an ongoing market-led corporate restructuring system. The Bank, guided by staff specializing in law, accounting and other restructuring-related areas, administers restructuring procedures in accordance with the Corporate Restructuring Promotion Act and the Corporate Reorganization Act.
As such, KDB has been behind the successful turn around of major Korean corporations including Kia Motors, Daewoo Motor, Daewoo Shipbuilding and Marine Engineering, Daewoo Heavy Industries & Machinery, Pan Ocean Shipping, and Byucksan Corp. |
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 Corporate Restructuring Department
Tel: 82-2-787-6818, Fax: 82-2-787-6891~3 |
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