Korea’s banking industry is experiencing a slowdown in asset growth due to the global trend of slow economic growth and increase in household debts. Its profitability is also on the decline due to the decrease in net interest margin sparked by low interest rates. Also, with the launch of Internet Only Banks and with the implementation of Current Account Switch Service (CASS) and Individual Savings Account (ISA), the financial environment is undergoing rapid changes.

Moreover, uncertainty in capital markets, such as concerns on Korean companies’ profitability and financial integrity is increasing.

Under such harsh conditions, Samjong KPMG’s advisory service practice provides our clients, based on accumulated experience with major banks and financial investment companies, the opportunities to seek sustainability and enhance competitiveness through innovation.

For more information, please contact our Banking team.