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Dünya - Korea Exchange Bank (KEB) is reportedly considering having an office in Türkiye’s financial capital, Istanbul, according to its CEO Yun Yong-ro. Speaking to the press during an event, Yong-ro said that KEB is soon to apply for an operating license in Türkiye.
Looking to widen its global footprint, the bank is also planning to open new offices in the Philippines, UAE and Indonesia. Posting a net income of KRW 1,724.5 billion (USD 1.5 billion), KEB will be the first South Korean bank to establish a presence in Türkiye.
Türkiye and South Korea signed a free trade agreement last August, seeking to increase the USD 7 billion bilateral trade volume of 2011.