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<a href="http://www.accessmylibrary.com/coms2/summary_0286-20504471_ITM" title="Facts and information about S KOREAN BANKS TARGET RECORD PROFITS IN 2004.">S KOREAN BANKS TARGET RECORD PROFITS IN 2004.</a>
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S KOREAN BANKS TARGET RECORD PROFITS IN 2004.
SEOUL, March 1 Asia Pulse - South Korea's 19 major banks are aiming for a combined record net profit of 7.8 trillion won (US$6.7 billion) this year, due to improvements in the overall business environment, according to government sources.
In a recent report to the authorities, the 19 lenders forecast their 2004 net profit would surge 192.3 percent from last year.
In 2003, a number of negative factors, including LG Card Co.'s liquidity crisis and rising defaults of credit card debts, are estimated to have reduced their combined net profit to 2.67 ...
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