YOUR GATEWAY TO INDONESIA AND SOUTHEAST ASIA
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Xinhua world economic news summary at 0900 GMT, March 14

SEOUL — South Korean banks’ combined net income hit a record high last year owing to increase in both interest and non-interest incomes, financial watchdog data showed Thursday.

Net income of local banks totaled 21.3 trillion won (16.2 billion U.S. dollars) in 2023, up 15.0 percent compared with the previous year, according to the Financial Supervisory Service. (South Korea-Bank- Earnings)

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