Publications
Publications
- January 2005 (Revised December 2005)
- HBS Case Collection
KAMCO and the Cross-Border Securitization of Korean Non-Performing Loans
Abstract
Covers the first international nonperforming loan securitization done in Korea. The CEO of KAMCO is trying to dispose of a portfolio of nonperforming commercial loans that the organization acquired from a number of banks. A group of investment bankers have proposed securitizing the loans and selling them to institutional investors. Securitization of loans (or any other type of assets) is not common in Korea, so the CEO must think through several factors as he decides whether to accept this proposal, the most important of which is the recovery price.
Keywords
Debt Securities; Decision Choices and Conditions; Capital Markets; Financing and Loans; Cross-Cultural and Cross-Border Issues; Financial Services Industry; South Korea
Citation
Chacko, George C., Jacob Hook, Vincent Dessain, and Anders Sjoman. "KAMCO and the Cross-Border Securitization of Korean Non-Performing Loans." Harvard Business School Case 205-037, January 2005. (Revised December 2005.)