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RETAIL BANKING | Cesar Tordesillas, Korea

Kyungeun Savings Bank suspended for six months

South Korea's Financial Services Commission suspended the operation of a local savings bank for six months, citing its capital shortage, according to Yonhap News.


According to a statement by The Financial Services Commission, the Kyungeun Mutual Savings & Finance will be suspended until Feb. 4 for failure to meet regulatory capital requirement.


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