Korea Exchange Bank reports a net loss, partly on Hynix woes.

Australasian Business Intelligence,  May, 2003  

Tags: Hynix Semiconductor Inc.

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May 08, 2003 (The Asian Wall Street Journal - ABIX via COMTEX)

Korea Exchange Bank has reported a net loss of 191.5 billion won ($US157.5 million) in the first quarter of 2003. The bank made a net profit of 54.1 billion won in the previous corresponding period. Korea Exchange Bank blamed its losses on the poor performance of its credit card affiliated firm and of Hynix Semiconductor, in which it has a stake. The company lost 272.7 billion won on Hynix shares and 29.2 billion won on its credit card ...

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