, Korea

Kyungeun Savings Bank suspended for six months

South Korea's Financial Services Commission suspended the operation of a local savings bank for six months, citing its capital shortage, according to Yonhap News.

 

According to a statement by The Financial Services Commission, the Kyungeun Mutual Savings & Finance will be suspended until Feb. 4 for failure to meet regulatory capital requirement.

 

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Maybank arms relationship managers with new AI advisory tools
Advisor Assist gives insights, portfolio risk analytics, and next action recommendations.
Airwallex raises $320m in Series H funding round
Airwallex plans to expand into new markets and scale its AI teams.
MAS and ABS unveil four-point plan to upgrade PayNow
They will improve QR interoperability and expand payment capabilities of PayNow.