On Monday, South Korean lender
The bank plans establishment of the subsidiary in August and expand its business operations to retail banking. Since 2008, the bank has operated an office in the Russian capital, but its business had largely been focused on South Korean companies and clients.
By 2025, KEB plans to boost the portion of its overseas revenue to 40 percent of its total.
Most Popular Stories
- Criminal Investigation Opened Into James Foley's Death
- Apple Stock Bounces Back Big Time
- Investors Betting on ECB Stimulus Measures
- 'Mythbusters' Build Team Gets the Boot
- Jennifer Lopez Would Marry Again
- Hackers Get Homeland Security Employee Records
- Mo'Ne Davis a Big Winner Despite Loss
- Florida Judge Rules in Favor of GOP Voter Map
- Advocacy Group Calls for Chrysler Probe
- DHS Warns Retailers About Malware in Cash Registers