Korea
S. Korea, China, Mongolia to launch bank association
South Korea, China and Mongolia have agreed will launch an association of trade banks to help finance developmental projects for areas near the Tumen River.
S. Korea, China, Mongolia to launch bank association
South Korea, China and Mongolia have agreed will launch an association of trade banks to help finance developmental projects for areas near the Tumen River.
Korean Banks exhibit foreign exchange liquidity
Ample foreign currency liquidity of South Korean banks helped reduce the need for fresh loans in September, the financial regulator said Sunday.
South Korean banks overcharge borrowers
South Korea's major banks have been charging borrowers higher interest rates over the past few weeks.
Korean banks focus on 3 wealthy Seoul districts
Nearly 30 percent of all bank branches in Seoul were found to be concentrated in three wealthy Gangnam areas--the districts of Gangnam, Seocho and Songpa.
S. Korea's IBK to serve 6 continents by year-end
Industrial Bank of Korea will open offices or cooperate with banks on all six continents by year-end, according to its CEO Cho Jun-hee.
S. Korea develops tool to assess bank risks
South Korea's central bank has developed an analysis tool to assess for systemic risks of local banks.
44% of South Koreans distrust banks
Customer confidence in banking continues to deteriorate in Korea, according to a survey.
Korean banks fight new mobile phone scam
Korean banks are intensifying its warnings to customers about a new kind of financial fraud via mobile text messages.
S.Korea central bank freezes key rate for 2nd month
Policy makers of the central bank of South Korea unanimously left unchanged the benchmark 7-day repo rate at 3 percent for September.
S. Korean banks push household lending rate in August
Demand for fixed-rate mortgage and credit loans during the summer vacation pushed the rate of household lending among South Korea's bank.
Shinhan Bank's dimsum bond sales in Hong Kong bring RMB600M
Shinhan Bank raised RMB600 million or US$95 million through dimsum bond sales in Hong Kong.
Hana to add another Indonesian bank
Hana Financial Group is set to acquire a major stake in an as yet unnamed Indonesian bank to further expand into Indonesia’s robust banking sector.
ING takeover to boost KB Financial’s life insurance business
KB Financial Group, Inc will soon take ownership of the Korean insurance unit of ING Group.
Korea's Eximbank ties up with Chinese counterpart
South Korea's Eximbank has signed a cooperation deal with its China's Eximbank to boost bilateral trade.
Delinquency ratio up for Korean card firms
Delinquency ratio before provisioning of South Korean card companies rose by 0.06 percentage point in the second quarter from the previous quarter.
S.Korean banks face grim profit outlook
The economic slowdown and squeezed profit margins are keeping South Korean banks from generating more profit.
South Korea's financial firms cope with economic slump
South Korean financial firms are implementing pay cuts and layoffs as the global economic slump threatens their profits.
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