In the basement of its Seoul headquarters, South Korean lender Woori Bank has been running a small office that temporarily replaces its branch in North Korea since it pulled out of the North in 2016. In an office a little over 30 square meters in size, a lone manager handles occasional visits from businesspeople who own factories at the now-shuttered Kaesong Industrial Complex, a symbol of inter-Korean business engag.
South Korea and Indonesia, marking the 50th anniversary of diplomatic ties this year, are seeking to further extend their economic cooperation in key areas from electric mobility and infrastructure to finance, as both countries are eager to nurture future growth drivers. Over the past five decades, the two countries have enhanced their economic and business partnership. The trade volume has surged from $185 million i.
KB Financial Group retained its position as the top banking group in the third quarter, reaping a net profit of 1.37 trillion won ($1.01 billion), up 0.4 percent from a year earlier.