South Korea
Alipay+ sees tourist spending rise on foreign e-wallet use
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.
South Korea’s new loans, deposit interest rates dip in July
Average loan rates to the corporate and household sectors fell.
South Korea’s payment card market projected to reach $1t in 2025
This is driven by a growing preference for digital payments.
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.
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