Bosowa-Kalla’s Last chance
Tuesday, June 23, 2020
Bosowa Corporation is attempting to maintain control over Bank Bukopin, which is one step away from being handed over to Kookmin Bank. Due to Bank Bukopin’s worsening liquidity, it has become increasingly urgent to inject more capital into the bank. Bukopin’s chronic illness came to the surface due to loan issues with companies affiliated with the Kalla group and Bosowa.
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THE plan by South Korea’s largest finance group, Kookmin Bank, to acquire Bank Bukopin was the main topic discussed in the working meeting between House of Representatives’ (DPR) Finance and Banking Commission and the Financial Services Authority (OJK). The closed meeting, which was held without prior planning, on Wednesday, June 17, saw a flood of questions regarding OJK’s decision to make Kookmin the majority shareholder of Bu
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