Korean financial institutions expand operations into Central Asia by pursuing local banking licenses, opening offices, and signing business agreements in Uzbekistan and Kazakhstan.
Shinhan Financial Group pushed to set a funding limit of up to $200 million with Uzbekistan's Ministry of Investment, Industry and Trade. BNK Financial Group's BNK Commercial Bank opened in Almaty after acquiring a Kazakhstan banking license. Hana Financial Group's Hana Bank applied for a representative office license in Uzbekistan.


