Financial groups defend US filings over inclusive finance risk disclosure

South Korea’s major financial holding firms on Friday moved to address questions over their US regulatory filings, saying their support for the government’s “productive and inclusive finance” agenda remains unchanged even after they listed the policy drive as a potential risk factor in reports submitted to US authorities. The unusual joint statement from KB Financial Group, Shinhan Financial Group and Woori Financial Group sought to explain why their annual reports filed with the US Securities a

By The Korea Herald