Local banking groups step up non-banking biz for better profit
Seoul - Yonhap
Local banking groups are turning to non-banking businesses through takeovers in a bid to diversify their portfolios, cornered by shrinking profit margins and a saturated market, data showed Tuesday. NongHyup Financial Group finalized a deal to buy the three units of Woori Finance Holdings Co., including Woori Investment & Securities Co. The group's market share is expected to top its rivals in the brokerage sector once Woori Investment & Securities merges with its securities unit, NH Investment & Securities Co
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Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
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