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Bank elsewhere

A poster next to ATM machines at KB Kookmin Bank’s branch in Gangdong District, eastern Seoul, on Monday notifies customers that the branch is merging with another nearby branch in Cheonho-dong. With more people opting to use smartphones to conduc their banking business, banks have been closing branches. According to the banking industry, in the first two months of this year, the four leading banks - KB Kookmin, Shinhan, Hana and Woori- will be shutting 26 branches. [YONHAP]

A poster next to ATM machines at KB Kookmin Bank’s branch in Gangdong District, eastern Seoul, on Monday notifies customers that the branch is merging with another nearby branch in Cheonho-dong. With more people opting to use smartphones to conduc their banking business, banks have been closing branches. According to the banking industry, in the first two months of this year, the four leading banks - KB Kookmin, Shinhan, Hana and Woori- will be shutting 26 branches. [YONHAP]

 
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