Assets of South Korea's major financial groups nearly double in decade

Major financial groups in South Korea had KRW3,221.7tr (USD2.46tr) in assets as of the end of 2021, up 95% from 2012, according to data from corporate tracker CEO Score. Their assets almost doubled over the past decade on the back of their push for business expansion. The country's eight financial groups are KB, Shinhan, Hana, Woori, NH Nonghyup, Mirae Asset, Meritz and Korea Investment Holdings. The data showed that their overseas assets came to about KRW128tr last year, up a whopping KRW90tr from the end of 2012. Their assets in the US were the largest at KRW25.9tr, followed by China with KRW15.9tr, Indonesia with KRW15.3tr, and Vietnam with KRW13.6tr.