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S Korea’s Shinhan to launch wealth management services for expats

One of South Korea’s largest conglomerates Shinhan Financial Group is set to open the Shinhan International Finance Center (IFC) this Friday to cater to high net worth foreigners living in the country, reflecting a move by banks to diversify their business in an era of low margin growth. It will be an “unprecedented” development with most expatriates in Korea currently…

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