Yonhap Infomax NewsSouth Korean regulators will allow ELS-dedicated bank staff to handle deposit and loan services, easing personnel requirements as ELS sales resume; hub branches will be limited to 15% of total branches, with ELS issuance rebounding to 9.92 trillion won ($7.2 billion) in Q2.
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Bank ELS-Dedicated Staff Now Allowed to Handle Deposit and Loan Services—'Eased Staffing Requirements Seen as Positive'
South Korean banks will be allowed to have dedicated ELS sales staff handle deposit and loan services, as regulators ease staffing requirements ahead of ELS sales resumption; ELS issuance rebounded to 9.9 trillion won in Q2, with banks preparing for both in-person and online sales under new guidelines.