Korea

Martin Tricaud has been appointed chief executive officer of HSBC Korea.

Eximbank will provide project financing worth 21 trillion won ($19 billion) this year, up from 19 trillion won last year.

Efforts of South Korean banks to clean up bad loans are paying off.

Will follow its taking over 100% of Korea Exchange Bank.

Shinhan Bank will have US350 million to refinance its debts and extend loans to smaller companies.

Samsung Card's market share reached 14.1 percent in the second quarter of last year.

Blame it on additional provisioning to meet tighter FSS guidelines.

Two former executives of the Shinhan Financial received suspended prison terms for embezzlement.

Eighteen Korean banks are planning to lend a combined 30.8 trillion won to SMEs this year.

It's a missed opportunity for Korea to strengthen its bank regulatory framework, says Moody's.

Woori Financial will spin off its credit-card unit.

South Korean credit card firms vowed to support the low-income bracket with lower interest rates.

South Korean banks' household loans grew at the fastest pace in six years in December.

ICBC is expanding to cater to the growing business transactions between Korea and China.

Credit risks will force South Korean banks to tighten lending practices in the first quarter.

The recent developments in the LIBOR scandal feels like we're back in the ages of the Merchant of Venice. We're caught in the feeling of having borrowed money from Shylock himself, except perhaps in our case, a more fearful, self preserving Shylock who succumbs to peer pressure easily.