South Korea
South Korean domestic banks’ net income shrank 24.1% in Q1
Non-interest and non-operating income dragged down income.
3 days ago
South Korean domestic banks’ net income shrank 24.1% in Q1
Non-interest and non-operating income dragged down income.
3 days ago
South Korean banks’ bad loan rate improves in March
Delinquency rate of loans to large companies, SMEs, and households fell.
3 days ago
South Korea warns against loan scams using voice phishing
Such scams are expected to rise with banks’ launching assistance programs.
5 days ago
Household loans by South Korean banks rise in April
A series of IPOs in April and May helped push up credit loan volumes.
6 days ago
Daegu Bank bets long-term with digital amidst home market issues
The Korean bank has turned its eyes to Seoul to grow its retail banking activities.
Gov’t ties to buoy Korea Development Bank's capitalisation
Problem loans are expected to rise, however.
Alipay+ inks deal with Jeju tourism org for exclusive offers to foreign visitors
Foreign visitors can enjoy up to 50% discounts from ZeroPay merchants.
Overseas expansion impacts Korean banks’ OE score
Despite Korea's high GDP per capita, the current level suggests there's still room for improvement.
South Korean banks’ loan delinquency rate rise in February
Corporate, SME, and household loans all saw their delinquency rates rise.
Deutsche Bank appointed by Euroclear as cash settlement and forex bank in Korea
It involves bond activities for Korea Treasury Bonds and Monetary Stabilization Bonds.
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.
Korean banks began compensating investors for HK ELS-linked losses
Shinhan Bank and Hana Bank have begun compensating customers.
BOK joins project exploring use of tokenisation to improve cross-border payments
Seven other central banks globally have joined the project.
Average interest rates of new bank deposits in South Korea declines
Interest rates of new loans are also lower in February.
South Korean banks’ bad loans climb 0.47% in December
This reflects a significant increase compared to the previous year.
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