Overseas branches of Korean financial firms report 660 mln in 2016 profits
All Headlines
06:00 April 07, 2017
SEOUL, April 7 (Yonhap) -- The combined net profit of overseas branches of South Korean financial firms rose 33.3 percent on year to US$660 million last year, government data showed Friday.
Korean financial firms operated a total of 407 branches in 44 countries as of the end of last year, up 14 from a year ago, according to the data by the Financial Supervisory Service (FSS).
Their total foreign assets stood at US$113.1 billion as of the end of 2016, the FSS data showed. Compared to the size of the foreign assets, their profitability is still low, the FSS said.
In a statement, the FSS asked financial firms to make efforts to improve the profitability of their overseas branches.
(END)
Issue Keywords
Most Liked
-
1 
'D-2' by BTS' Suga debuts at No. 11 on Billboard 200
-
2 
Vietnamese dairy firm Vinamilk enters S. Korea
-
3 
Gov't to inspect retail logistics centers for infection risks: PM
-
4
(LEAD) S. Korea braces for more infections in greater Seoul area
-
5
(2nd LD) S. Korea moves to limit classroom crowding amid persistent outbreak in capital area
Most Saved
-
1 
'D-2' by BTS' Suga debuts at No. 11 on Billboard 200
-
2 
(2nd LD) S. Korea moves to limit classroom crowding amid persistent outbreak in capital area
-
3 
S. Korea to test QR codes at nightclubs, eateries, cinemas to contain virus
-
4 
(LEAD) Logistics center-linked virus cases snowball to 69, emerging as another cluster in greater Seoul
-
5 
S. Korea to enhance quarantine measures in greater Seoul area amid spiking cases
-
1 
(3rd LD) Church-tied virus cases stoke concerns over new wave of infections in greater Seoul
-
2 
(LEAD) Church-tied virus cases stoke concerns over new wave of infections in greater Seoul
-
3
'D-2' by BTS' Suga debuts at No. 11 on Billboard 200
-
4
(2nd LD) Church-tied virus cases stoke concerns over new wave of infections in greater Seoul
-
5 
(LEAD) S. Korea proposes largest-ever extra budget to battle pandemic
