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Financial Regulator Eases Requirements for Regional Lenders to Attain Nationwide Commercial Bank Status

Financial Regulator Eases Requirements for Regional Lenders to Attain Nationwide Commercial Bank Status

SEOUL, Jan. 31 (Korea Bizwire) – South Korea’s financial regulator said Wednesday it will make it easier for regional lenders to become nationwide commercial banks, in a move aimed at promoting competition in the banking sector. “The government announced on July 5, 2023, that it will seek to promote the transition of local banks to [...]