There are 1.3 million people of Korean descent living in the United States and the number of Korean immigrants has jumped 27-fold since 1970, making Korean Americans the 7th largest immigrant group in the country.
This significant population growth is creating opportunities for community businesses, including Wilshire Bancorp (WIBC) -- a bank focused on serving Korean Americans in California and New Jersey.
Wilshire's growth opportunity
While Koreans are increasingly living in states such as Washington, they've overwhelmingly embraced Los Angeles, which serves as home to the largest number of Korean Americans in the United States.
This year, the State of California expects Korean travel to the Golden State will increase 6%, boosting spending by Korean tourists by 8.7% to nearly...
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