Living life on the edge: a trip to Seoul

It's no secret that tensions between North and South Korea are always simmering. But it is still a bit shocking to be confronted with the possibility that a potential disaster is right on your doorstep.

  • By Taipan
  • 31 Oct 2019
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I recently took a week-long trip to Seoul in attempts to get meetings with some hard-to-corner bank executives. I had not visited South Korea since the Obama administration, so I had almost forgotten the threat posed by the North’s dictator.

But the reality of the situation came home to me one morning when I slipped out of bed to find a note under my room door, informing me that a "civil defence drill" would take place the next day. I was told that this was not a real situation and to carry on as though nothing was the matter. But really, how comforting is it to hear that the public sirens being tested are not warnings of a real attack?

As I was running around to meetings, I had forgotten about the drill until the following afternoon when I wandered into the hotel lobby.

Almost the second the hotel doors opened, the alarm sounded, triggering a minor panic in me. However, a quick glance around showed me that I was the only one to have such a reflex. Everyone else was going about their merry way, ignoring any worry that a nuclear missile might be fired at us at any moment.

I suppose keeping calm and carrying on is the only way to cope with life in Seoul. But I am glad I don't live in a city where I have to fear a sudden nuclear attack. At least in Hong Kong, I only have to fear being too far from the pub in case the protesters take over the streets.

  • By Taipan
  • 31 Oct 2019

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 18.86
2 Industrial and Commercial Bank of China (ICBC) 14.39
3 China Merchants Bank Co 14.21
4 China Merchants Securities Co 8.85
5 Agricultural Bank of China (ABC) 5.90

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $bn No of issues Share %
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1 China International Capital Corp Ltd 4.57 23 13.84%
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5 Citi 1.66 11 5.01%

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Rank Lead Manager Amount $bn No of issues Share %
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1 Citi 6.48 35 8.10%
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3 BofA Securities 4.13 14 5.15%
4 UBS 3.94 22 4.92%
5 JPMorgan 3.90 24 4.87%

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