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Jung District Has Highest Proportion of Imported Cars in Seoul, Surpassing Gangnam

Jung District Has Highest Proportion of Imported Cars in Seoul, Surpassing Gangnam

SEOUL, Feb. 14 (Korea Bizwire) — With sales of high-end imported cars increasing last year, Seoul’s Jung District has surpassed the affluent Gangnam District, and now has the highest proportion of registered imported cars. The Ministry of Land, Infrastructure and Transport reported that the number of imported cars registered in Jung District reached 23,578 vehicles [...]

Bank Holding Firms’ Interest Income Soars 15 pct in 2021 amid Rising Rates

Bank Holding Firms’ Interest Income Soars 15 pct in 2021 amid Rising Rates

SEOUL, Feb. 14 (Korea Bizwire) — Four financial holding firms in South Korea saw their interest income surge nearly 15 percent in 2021 thanks to rising lending rates, industry data showed Monday. The combined interest income of the four holding companies — KB Financial Group Inc., Shinhan Financial Group Co., Hana Financial Group Inc. and [...]