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S Korea banks to gain from move to ease regulation

Stiff rules curb ability to match demand
Tuesday, December 30, 2014 - 05:50

Seoul

SOUTH Korea's banks, whose average returns on equity are the worst among lenders in Asia and are less than half of their Chinese peers, are poised to benefit from a promised move by the country to ease heavy-handed regulation.

Stifling regulation has crimped banks' freedom in