(LEAD) US bank-S Korea impact
newscatcher
2023-03-12 14:32
(LEAD) US bank-S Korea impact
(LEAD) S. Korea wary of greater market volatility over Silicon Valley Bank failure(ATTN: UPDATES with more details of National Pension Service's investment in SVB in last 3 paras) SEOUL, March 12 (Yonhap) -- The collapse of the United States' Silicon Valley Bank (SVB) could heighten volatility and uncertainties in the financial market, South Korea's finance ministry said Sunday, vowing to beef up monitoring and swift responses to minimize potential impacts on the economy. On Friday, U.S. banking regulators shut down the startup-focused lender SVB Financial Group and took control of its customer deposits in the largest failure of a U.

https://n.news.naver.com/mnews/article/001/0013809163?sid=104

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