South Korean operations continue to be a drag on Standard Chartered's profit

Standard Chartered’s income and operating profit grew in the low single digits in the first nine months of this year as credit quality soured at its South Korean operations and the currencies of emerging markets in which the bank is active depreciated.

via Business feed http://www.scmp.com/business/banking-finance/article/1342630/south-korean-operations-continue-be-drag-standard