Korean banks shutter 230 outposts final 12 months as on-line banking tops KRW 70 trillion

[Photo by MK DB]

Main Korean industrial banks have shut down 230 outposts over the previous 12 months emigrate quicker to on-line and cell banking. In accordance with Korea Federation of Banks information Wednesday, industrial banks had 3,316 outposts as of finish of Dec., 230 fewer than a 12 months in the past. Banks have been lowering offline branches and workplaces since 2015 amid quick shift to on-line and cell banking companies. Financial institution of Korea information confirmed that common each day web banking transactions topped 70 trillion gained for the primary time final 12 months.

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