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Major Korean banks seek to expand overseas operations

Korea s major commercial banks are set to actively strengthen their overseas businesses next year, aiming to significantly raise their profit shares from international markets, according to industry officials, Friday. ....

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Woori Bank aims for 25% revenue from global markets by 2030

Woori Bank announced on Wednesday that it aims to increase the net profit from its overseas branches to account for 25 percent of its total profits by 2030. To achieve this goal, it plans to inject $500 million in three prominent Southeast Asian corporations that are showing growth potential, and extend its presence into new areas, including Poland and the Middle East. ....

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Woori Bank accelerates overseas expansion

Woori Bank, one of South Korea’s top four commercial banks, has announced its plan to achieve up to 25 percent of its net profit from global sales by 2030. “Woori Bank's global division reported a net profit of $340 million last year, and it has achieved an average annual asset growth of 9 percent during the last three years," Yun Seog-mo, Woori Bank's global business division head said dur. ....

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