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Traditional ChineseSimplified ChineseText onlyPDARSS
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May 15, 2008

Finance
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IBK banking licence upgraded
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Monetary Authority

The Monetary Authority has granted a full banking licence to the Industrial Bank of Korea, bringing the total number of licensed banks in Hong Kong to 144.

 

IBK is incorporated in South Korea and has operated a branch in Hong Kong under a restricted banking licence since November 1993.

 

It is the sixth largest bank in South Korea and the 136th largest bank in the world in terms of total assets.



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