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KOREAN BANKS TO SUBSTANTIALLY RAISE STAFF SALARIES.
SEOUL, Nov 1 Asia Pulse - Shinhan Bank, Kookmin Bank and KorAm Bank raised staff salaries substantially as they unloaded bad debts last year and raked in considerable earnings by taking advantage of the increased spread between deposit and lending rates, financial sources said Thursday.
Kookmin Bank completed wage negotiation and agreed to raise pay by 9.7 per cent.
Shinhan Bank already agreed to a 7.4 per cent raise, KorAm agreed to raise pay by 7.6 per cent, and Housing & Commercial settled with a 6.8 per cent hike.
Including increases in various ...
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