
The Financial Supervisory Commission announced today that it has approved Taipei Fubon Commercial Bank's application to the Korean authorities to upgrade its representative office in Seoul, South Korea to a Seoul branch to expand its global presence and improve its financial service network in Northeast Asia.
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Bei Fuyin established a Seoul office in South Korea with the approval of the Financial Supervisory Commission on March 21, 2024.
Beifu Bank expanded its presence in Northeast Asia and upgraded its branch in Seoul, South Korea. The picture shows "Lotte World Tower", the tallest building in South Korea. (Photo by reporter Wang Menglun)
[Reporter Wang Menglun/Taipei Report] The Financial Supervisory Commission announced today that it has approved Taipei Fubon Commercial Bank’s application to the Korean authorities to upgrade its Seoul representative office to a Seoul branch. This time, the bank is expanding its global presence, improving its financial service network in Northeast Asia, and taking into consideration South Korea's position in the Asia-Pacific financial market and the close relationship between Taiwan and South Korea's economic, trade and supply chain, it plans to upgrade the Seoul representative office to a Seoul branch.
The Financial Supervisory Commission stated that Bei Fuyin established an office in Seoul, South Korea with the approval of the Financial Supervisory Commission on March 21, 2024. According to statistics, as of the end of September 2015, Taipei Fubon Commercial Bank has established overseas branches including Hong Kong Branch, Ho Chi Minh City Branch, Hanoi Branch, Binh Duong Branch, Singapore Branch, Tokyo Branch, Sydney Branch, Fubon Bank One, Jakarta Representative Office and Seoul Representative Office.
The Financial Supervisory Commission stated that domestic banks currently have branches in South Korea, including Yuanta Savings Bank (South Korea), a Korean subsidiary established by Yuanta Financial Holdings.
AI outlook — possibilities, not facts
Beifu Bank will formally apply to the Korean competent authorities to establish a Seoul branch
Very likely · Within months

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