South Korean banks started to see some signs of hope in the Top 1000 ranking, with increases in Tier 1 capital following good economic results for 2023.
South Korea’s economy saw 1.3 per cent GDP growth in 2023, coming ahead of forecasts and setting the tone for further growth in the coming quarters. While the country’s economy is supported by its specialist manufacturing from the likes of Samsung and the semiconductor industry, the pressures of inflation and high borrowing costs are preventing the economy from taking off.
