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.
South Korean banks to tighten household lending standards in Q3
South Korean banks to tighten household lending standards in Q3
This was due to the strengthening of household debt regulations.
South Korean banks’ deposits and household loans expanded in June
Corporate loans and asset management funds fell.
Vietnam meets with SoKor to diversify investment from state FX reserves
The central bank is also looking to strengthen its asset management capacity.
South Korean industrial lending rises by $12.14b in Q3 2024
Lending for working capital rose by $2.16b (KRW 3.1t).
South Korea to implement KOFR in derivatives market in 2025
Target share is 10% in 2025, and 50% in 2030.
BIS, central banks embed regulatory compliance in cross-border payments
Project Mandala has now reached proof of concept stage.
South Korea’s corporate loans rise in July; deposits decline
Tax payments and outflow of funds for various reasons led to the drop.
SoKor household loans rise in July on more mortgages
Demand may also be higher due to the summer vacation season.
Korea, Turkey renew bilateral swap agreement
The extension is effective for a period of 3 years beginning August 2024.
Indonesia and South Korea to enhance cross-border payments
The central banks expect that it will promote digital economy and benefit the tourism sector.
Interest rates of new deposits, loans in South Korea rise in May
However, the overall average of outstanding loans fell.
Korea’s USD deposits decline in April amidst weakening won
Companies reportedly withdrew part of their US dollar deposits.
Malaysia, South Korea renew their bilateral swap agreement
The swap arrangement can be further extended via mutual agreement.
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.
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