Which of the following can best describe the ways that Korean banks help Koreans in this American business environment?
a. They educate Koreans about American norms of business and help them fill out their loans in this country.
b. Many new immigrant Koreans lack credit histories in this country, and these banks help them to establish these necessary documents.
c. Koreans banks engaged in relational lending that help Korean immigrants reduce risk in their financial transactions.
d. All of the above.
Question 2
It is argued in this article that the main reason why the majority of Korean banks are supported by Korean clientele is which of the following?
a. With the large influx of Korean immigrants in the last decades, these banks are needed to support this growing economic community.
b. The main reason that Korean immigrants need banks owned by Koreans is because of language access.
c. In reality, Korean banks are not primarily supported by Koreans, but rather by other Asian immigrant groups in America.
d. None of the above.
Joseph Banks
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