South Korea's fourth-largest bank is coming to the United States.

The Federal Reserve Board has approved an application by NongHyup Bank to open a branch and a representative office in New York. The bank currently already has a representative office in New York and a nonbank unit in California. The planned representative office would replace its current one.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.