Korea

Martin Tricaud to head HSBC Korea

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

Martin Tricaud to head HSBC Korea

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

Korea Eximbank to boost project, SME financing

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

S. Korea banks reduce bad loans

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

Hana Financial to delist KEB after buy out

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

Shinhan Bank raises $350-M through bonds

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

Samsung emerges as No.2 Korean credit card

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

Korean banks' earnings to fall short of consensus estimate

Blame it on additional provisioning to meet tighter FSS guidelines.

Ex-Shinhan execs get prison terms over embezzlement

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

S. Korean banks to lend more to smaller firms in 2013

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

Delaying Basel III implementation a boon for Korean banks

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

Competition in Korean card industry intensifies

Woori Financial will spin off its credit-card unit.

S.Korean credit card firms slash rates

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

Household loan growth hits 6-year high in S. Korea

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

China's ICBC expands in Korea

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

S.Korean banks to tighten lending in Q1

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

The implications of the LIBOR scandal across Asia

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.