Most Popular

1
Now is no time to add pressure on businesses: top executives
2
CJ CheilJedang to spur overseas growth with new Hungary, US plants
3
Seoul to host winter festival from Dec. 13
4
Nationwide rail disruptions feared as union plans strike from Dec. 5
5
Blackpink's solo journeys: Complementary paths, not competition

6
N. Korea, Russia court softer image: From animal diplomacy to tourism
7
[Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts
8
Smugglers caught disguising 230 tons of Chinese black beans as diesel exhaust fluid
9
Korean Air offers special flights for mileage users
10
Defense ministry denies special treatment for BTS’ V amid phone use allegations

NewsletterSubscribe

Start your day with a roundup of key stories from The Korea Herald with news and comment on all that’s happening in Korea.

[Graphic News] Shadow banking sector doubles in 5 years

By Chung Joo-won

Published : Jan. 5, 2015 - 21:16

- Link copied

The size of shadow banking in Korea doubled in five years, according to data released by the Swiss-based global monitoring body Financial Stability Board on Monday.

The value of the shadow banking industry, which mainly refers to nonbank financial intermediaries that provide services similar to traditional banks under less strict regulatory oversight, reached about $1.47 trillion in 2013, or 113.4 percent of the country’s GDP, the FSB said.

Following the subprime meltdown in 2008 and the global financial crisis, financial experts have called for stricter monitoring and regulation of the shadow banking system.

[Graphic News] Shadow banking sector doubles in 5 years

More from Headlines