South Korea
Korean regulators hit 5 banks with record $1.38b in ELS penalties
Korean regulators hit 5 banks with record $1.38b in ELS penalties
Kookmin Bank will face the highest penalty if based on sales amount, the report said.
1 day ago
Korea revises bill to check criminal info of virtual asset service providers
The law also broadened rule-breaking activities that are screened.
3 days ago
Standard Chartered names Ryan Song as head of M&A in Korea
He is expected to help grow the bank’s M&A advisory business in the region.
6 days ago
South Korea regulator widens responsibilities maps from insurers to savings banks
FSC invites $0.49b savings banks into pilot ahead of 2 July 2026.
6 days ago
South Korean bank delinquencies hit 0.6% with SMEs hit hardest
Volume of newly delinquent loans shrank whilst resolved loans rose.
Korea’s outstanding deposit rate fell in December whilst loan rates climbed
Rates for new deposits rose during the month.
South Korea rewrites bank loan-deposit rules to push regional lending
Regulators plan to upgrade rules and provide incentives to improve regional banks’ competitiveness.
Airwallex buys Paynuri to enter South Korea payments market
It plans to hire 20 employees in the market in 2026.
Korean banks’ loans contracted in December as banks guarded capital ratios
SME loans fell as banks slowed down lending for their capital adequacy ratios.
Alipay+ sees tourist spending rise on foreign e-wallet use
Beauty clinic transactions and transportation transactions rose during the year.
Citi names Soonwok Kwon as head of market sales for South Korea
Kwon used to work at UBS AG and Credit Suisse AG in Seoul.
Visa, DealMe launch instant installment option for Vietnamese cardholders
Pilot merchants include Shinsegae Duty Free and select clinics in South Korea.
Alipay+ enables overseas tap-to-pay service for Kakao Pay users
Kakao Pay users can now make NFC payments at Mastercard merchants worldwide.
PayPay expands reach to 2 million South Korea stores via Alipay+ gateway
Users must complete identity verification on the PayPay app in Japan.
South Korea’s home mortgage loan growth inch up in August
Resumption of non-face-to-face lending brings back household loans to a growth.
South Korean depository corporations raise industrial lending by 2.7% in Q2
Lending for working capital and facilities investment rose during the quarter.
South Korean substandard or below loans unchanged in Q2
Total SBLs of KRW16.6t was also unchanged from three months prior.
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