Last year, the net profit of domestic banks' overseas branches reached $1.33 billion, marking an increase of $340 million compared to the previous year.
As the US released mixed economic indicators and adjusted the number of interest rate cuts this year from three to one, uncertainty about the direction of interest rates has increased.
As real gross domestic product(GDP) grew by 1.3% in the first quarter of this year compared to the previous quarter, the Bank of Korea raised this year’s economic growth rate from 2.1% to 2.5%.
The Financial Supervisory Service has decided that the compensation ratio for incomplete sales of equity-linked securities(ELS) based on Hong Kong’s Hang Seng China Enterprise Index (H Index) will be 30-65%.