Quick Recovery Undercuts South Korea's Quest to Bail Out Banks
South Korea's efforts to enlist capital and expertise in overhaul of its financial system has become bogged down in country's stunning recovery from economic crisis; Financial Supervisory Commission, financial watchdog charged with cleaning up South Korea's debt-laden financial institutions, announced that it has extended negotiations over final terms of sale of Seoul Bank to HSBC Holdings PLC until June 30; Korea's economy is growing beyond all expectations, and its stock market hits post-crisis highs nearly every day, as foreign investors register their approval of Government's reform efforts (M)
