Overseas branches of Korean financial firms report 660 mln in 2016 profits
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)
-
1 BTS wins 6 prizes at 2021 Gaon Chart Music Awards
-
2 Samsung unveils new flagship phone with BTS, viral Korean act
-
3 For veteran idol U-know Yunho, it's all about giving his best
-
4 'Boy With Luv' becomes 2nd BTS music video to hit 1.1 bln views
-
5 Ex-BIGBANG member Seungri additionally indicted for inciting assault
-
1 Samsung unveils new flagship phone with BTS, viral Korean act
-
2 BTS wins 6 prizes at 2021 Gaon Chart Music Awards
-
3 S. Korea's military strength 6th in world, N. Korea at 28th: report
-
4 (News Focus) Anger mounts over deepfake porn targeting Korean female celebs; more than 330,000 sign petition
-
5 Ex-BIGBANG member Seungri additionally indicted for inciting assault
-
1 (LEAD) Seoul moves warship away from Hormuz Strait amid negotiations over seized tanker: source
-
2 Cafes, gyms reopen after gov't eases COVID-19 rules
-
3 New infection cases under 400 for 2nd day; virus curve sliding downhill
-
4 (2nd LD) Samsung heir Lee jailed again, after getting 2 1/2 year prison sentence for bribery
-
5 Moon says S. Korea-U.S. exercise could be discussed with N. Korea if necessary