9/11/2012

South Korean KEB to open office in Turkey

Dünya - Korea Exchange Bank (KEB) is reportedly considering having an office in Turkey’s financial capital, Istanbul, according to its CEO Yun Yong-ro. Speaking to the press during an event, Yong-ro said that KEB is soon to apply for an operating license in Turkey.

Looking to widen its global footprint, the bank is also planning to open new offices in the Philippines, UAE and Indonesia. Posting a net income of KRW 1,724.5 billion (USD 1.5 billion), KEB will be the first South Korean bank to establish a presence in Turkey.

Turkey and South Korea signed a free trade agreement last August, seeking to increase the USD 7 billion bilateral trade volume of 2011.
Turkey; turkish-korean trade; turkey korea bank; korean banks turkey; korea exchange bank; keb; keb istanbul