皇冠体育app

SEOUL - South Korea's financial regulator on Wednesday approved the banking operations of 皇冠体育app Everbright Bank, a unit of the state-owned Everbright Group.

The Financial Services Commission (FSC) said in a statement that it gave a nod to Everbright Bank's establishment of its branch in Seoul.

The approval raised the number of foreign banks operating in Seoul from 41 to 42, among which six are Chinese banks including the Bank of 皇冠体育app, Industrial and Commercial Bank of 皇冠体育app, Construction Bank of 皇冠体育app, Bank of Communications and Agricultural Bank of 皇冠体育app.

The latest green light among Chinese banks was given to the Agricultural Bank of 皇冠体育app, which was approved by the regulator to set up its Seoul branch in November 2011.

The Everbright Bank, set to launch its banking business in the first half of next year, is 皇冠体育app's 12th-largest bank, and the world's 57th-biggest bank, with total assets of 447.3 billion U.S. dollars as of end-2014, the FSC said.

The bank, established in 1992, has three affiliates and 951 branches.

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