From October, customers of Gwangju Bank and Busan Bank will be able to use deposit and withdrawal services and ATM services without fees at about 2,400 post offices nationwide. Korea Post signed a partnership agreement with the two banks and the Korea Financial Telecommunications and Clearings Institute at Gwanghwamun Post Office on Aug. 28. The deal completes Korea Post’s shared financial counter network agreements with 14 domestic commercial and regional banks.

SC First Bank said on Aug. 14 its first-half consolidated net profit rose 103 percent from a year earlier to 424.4 billion won, helped by improved business performance and provision management. Non-interest income climbed 78 percent to 365.6 billion won on stronger wealth management and higher foreign exchange derivatives gains, while part of 110.2 billion won in provisions tied to Hong Kong H-index ELS fines was reversed.