Limit foreign takeovers, says Korean central bank

The Bank of Korea expressed its concern over growth in foreign ownership in the country's financial system on 21 December and called on the government to delay the privatisation of banks so that domestic buyers could be found.

In a rare public statement, the Bank of Korea said: "The need for foreign capital in Korean banks has significantly fallen in view of the level of the country's foreign currency reserves and healthy state of financial industry".

Seoul has hinted recently that it is growin