Kamco plans further international ABS issuance

Kamco''s executive director, Cheon Hong Kim, outlines some of the company''s business plans for the year ahead.
February 07, 2001
Considering how well its first international asset backed deal was received last year, it comes as no surprise that the Korea Asset Management Company Kamco is planning to issue two more similar transactions this year. And the company is also sizing up future business opportunities in the region, having just signed a MOU with the China Asset Management Company.

The state-owned entity is the only institution in Korea with a mandate to acquire non-performing loans NPLs. That mandate expires in 2002, and it is quite possible that it may be in line for privatization. In practice, the company is run like a private company anyway, and has shown a dynamism and willingness...

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