Yonhap Infomax NewsSouth Korea has seen 25% of bank, insurance, and securities branches close since 2020, raising concerns over financial access, especially in low-income areas, despite regulatory efforts to slow the trend.
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https://en.infomaxai.com/news/articleView.html?idxno=86482
#YonhapInfomax #BranchClosures #FinancialAccess #KookminBank #SeoulMetropolitanArea #HeoYoung #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=86482
25% of Bank, Insurance, and Securities Branches Closed in Five Years—Serious Erosion of Financial Access
South Korea has seen 25% of bank, insurance, and securities branches close since 2020, raising concerns over financial access, especially in low-income areas, despite regulatory efforts to slow the trend.