[Herald Interview] Korean banks’ earnings dilemma: More profits, more responsibility

The Korea Herald

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Mixed Factuality

[Herald Interview] Korean banks’ earnings dilemma: More profits, more responsibility

Korean banks may face diminishing profitability due to mounting pressure to take on social responsibilities amid the country's slowing economic growth, a senior official at global credit appraiser Fitch Ratings said. Commercial banks, often criticized for making money from excessively high interest rates, are facing stronger pressure from local authorities to return a portion of profits to the provision of publi...