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Outlook bleak for financial groups due to high interest rates, mutual growth funds

The performance of the country’s top financial groups will deteriorate in 2024, hamstrung by sustained high interest rates and hefty contributions to so-called mutual growth funds designed to ease the financial burdens shouldered by Koreans, market watchers said Friday.
Soult Ukpyolsi South Korea Kim Joo Hyun Yoon Suk Yeol Hang Seng China Enterprises Index Financial Supervisory Service Governor Lee Bok Hyun

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