Bank of Korea
Bank of Korea is the central bank of South Korea. It operates lending and deposit facilities to control the availability of banking institutions' funds. Its lending and deposit facilities consist of Bank Intermediated Lending Support Facility, Liquidity Adjustment Loans and Deposits, Intraday Overdrafts and Special Loans.
Korean banks to ease lending standards for companies and mortgages
But banks are expected to tighten lending standards for household loans.
Korean banks to ease lending standards for companies and mortgages
But banks are expected to tighten lending standards for household loans.
Korean banks’ household loans drops in March as mortgage demand slows
In contrast, bank lending to the corporate sector increased by over KRW10t.
Transferable deposits drive South Korean banks’ deposit growth in March
Banks hold an outstanding KRW2.36t in deposits as of end-March.
BOK joins project exploring use of tokenisation to improve cross-border payments
Seven other central banks globally have joined the project.
South Korea’s interest rates for new deposits, loans fall in January
Average interest rate for new loans taken by large firms dropped 12 basis points.
South Korea’s household loans rose by $4.8b in Q4
Loans extended by banks rose by $8.5b during the period.
South Korean banks’ lending to companies up in January
This was due to season factors.
South Korea’s financial firms expect loan demand to rise in Q1: survey
Credit risks from corporations and households are also expected to rise, however.
South Korean bank’s corporate lending fell in December: central bank
The Bank of Korea blamed this on seasonal factors.
Bank lending to Korean households rose slower in December
Home mortgage lending continued to expand, but other loans contracted.
Korean central bank inks deal to develop system for testing CBDCs
LG CNS Co. will develop a set of systems for the test.
Indonesia, Korea unveil operational guidelines for local currency transactions
This is part of the two countries’ agreement to promote bilateral transactions in local currency.
Corporate lending in South Korea rise in Q3
Depository corporations increased industrial lending by approximately US$24.41b
South Korea interest rates for new deposits, loans rose in October: BOK
The interest rate for outstanding amounts of deposits and loans also rose.
South Korean financial firms to tighten lending standards in Q4: survey
The 18 banks polled indicated that they will be pickier on approving loans.
South Korean banks’ deposits up US$19.9b in September
Transferable deposits rose substantially, whilst time deposits fell.
Bank of Korea launches financial and economic snapshot platform
It is optimised for mobile devices to make data viewing easier for the public.
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