South Korea
South Korea’s payment card market projected to reach $1t in 2025
South Korea’s payment card market projected to reach $1t in 2025
This is driven by a growing preference for digital payments.
4 days ago
KEB Hana Ban’s problem loans rising, but profitability stable
Net interest margin will decline whilst credit costs will rise.
South Korean banks to tighten household lending standards in Q3
This was due to the strengthening of household debt regulations.
Hyundai Card banks on data to fuel global ambitions
Its UNIVERSE AI platform is a key export asset after its Japanese launch.
South Korean banks’ deposits and household loans expanded in June
Corporate loans and asset management funds fell.
South Korea's average deposit, loan interest rates fell in May
Interest rate on new deposits fell 8 basis points from a month earlier.
Jeonbuk Bank weighed by large unsecured personal loans
Profitability may decline through 2026 due to declining loan yields.
Kyongnam Bank likely to maintain good funding through 2026: Moody’s
But construction and retail sector loans may be a weakness.
Busan Bank’s asset quality and profitability poised to further weaken: report
It should maintain a strong funding structure thanks to its deposit base, however.
Card payments remain top choice of South Koreans
Nearly half of surveyed Koreans use credit cards for payments.
KakaoPay Corp’s profits may more than double market estimates by 2027
CGS International expects KKP Securities to turn profitable in the current year.
Jeju Bank will still have Shinhan FG support despite diluted stake
The Korean bank will expand its business outside of Jeju Island, says Moody’s.
KakaoBank’s operating profit up 23% to $131.09m in Q1 2025
Revenue from financial investment, FX gains, and NPL sales rose compared to Q4 2024.
Kookmin Bank profitability to decline on higher costs and narrowing NIM
It faces increasing delinquencies of SME loans, Moody’s said.
KB Financial Group’s stable profile carried by non-bank subsidiaries
But the subsidiaries’ credit profiles weakened in the recent downcycle.
South Korean banks to offer English mobile apps, documents to foreigners: report
The number of foreign banking customers have breached 8 million in 2024.,
South Korea’s household loans rise at a slower pace in March
Mortgage loans grew, but other types of loans shrank during the month.
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