Monday, April 10, 2017

Foreign financial companies entering the domestic 'growth for five years, 168



[Korea goyounghun financial newspaper reporter] last year, a number of foreign financial companies entering the domestic grew year-on-year 2 168 pieces recently showed a continued upward trend five years.

According to the Financial Supervisory Service, the 10th He is affiliated financial companies of 29 countries entered by the end of 2016 foreign financial institutions Most entry was the order of the United States (39), Japan (21) United Kingdom (17).

By European standards the continent last year was the most finance companies entered into 61 lots (36.3%), 59 were Asian (35.1%), 42 america (25.0 percent).

Between 2014 to 2016 in the last three years, banks are 8 companies from entering and had withdrawn the four companies trading and corporate finance, remittance, exchange market objectives led to the launch of the Asian Bank of China, India, Indonesia, the Philippines and the Middle East. Asian banks such as State Bank of India, Bank of China's vast, slow Niagara Bank Indonesia and equivalents. Such as the global launch of the country in November, Northern Trust bank BNY Mellon, State Street has three large studies both banks entering Korea. On the other hand, there is not a sales office in the country I have a lot if you can withdraw led to the 2014 Bank of Brazil, and the Spanish Santander Group in 2016.

Financial investment eopgwon are 8 companies from entering during the same period, and withdrew eight companies. Some securities in the global strategy of changing international headquarters, profitability, etc., the withdrawal (2016 Barclays Securities, etc.), but the 2015 oil hits Securities, 2016 ING securities were entering the country. Is a private equity management company authorized in accordance with the melee private equity activation policies such as switching the zero mark registered in nium finals (2016, Australia) in domestic apostles.

Insurance Issues has recently been expanded domestic insurance companies entering the Chinese capital, 4 has entered three years, and five companies that had withdrawn the acquisition of Tong Yang Life Insurance, China doorstep. It was a lot of buying reinsurance side all entry (2016, Pacific Life Re) and withdrawal (2015, Zurich Insurance).

Savings banks are over 2015 JT Savings Bank (the largest shareholder J Trust, Japanese) 2016 Oil hits Savings Bank (the largest shareholder Yu hits Commercial Bank, Taiwan-based), HK Savings Bank (the largest shareholder JC Flowers, American), including foreign financial companies of various nationalities It is entered.

End 2016 current assets of foreign financial companies grew 3.9% year-on-year to 402.6 trillion won recently has shown a rise of five years. This corresponds to 8.9% of the total assets of financial companies 4529000000000000 won. The banking sector assets decreased to withdraw proceeds of some bank branches but had boheomgwon assets increased by Tong Yang Life Insurance acquired doorstep.

Net foreign financial institutions last year's 2 trillion 328.5 billion won a year earlier was reduced 2000000004275 (Δ4.1%) 990 billion compared respectively. Net income of the foreign financial institution has increased substantially over the past five years, but has decreased in 2016 due to the banks together reduced net income by the impact of low interest rates cheolsugwa banks. In the case of savings banks, net sales grew to scale-up.

Imsanggyu FSS fusion center support implementation pursuing "but some foreign financial institutions withdrew was generally the dominant side enters" and provide "financial institutions and networks, and information of interest to enter in order to induce the national launch of oeguksa including overseas IR persistent policy be carried out, "he said.



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