Banks Continue to Curtail Offline Branches amid Increased Mobile Banking

SEOUL, March 30 (Korea Bizwire) — Banks in South Korea continued to reduce the number of their offline branches in 2021 as part of efforts to reduce costs amid the expanded use of mobile banking, data showed Wednesday. The number of brick-and-mortar branches run by local banks came to 6,904 as of end-2021, down 311 [...]