From concert tickets to delivery apps, banks diversify revenue beyond finance
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As tighter government lending restrictions curb household loans and pressure traditional interest-driven profits, Korea’s major banks are looking beyond finance for growth, branching into lifestyle services to build new sources of non-interest income, according to industry officials Sunday. From concert platforms to food delivery, banks are moving more aggressively into consumers’ everyday lives. Woori Bank is the latest to join the shift, launching its cultural platform app TWOTHEMOON (2TM) las
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