Korea

Samsung and Shinahn will offer a credit card designed exclusively for Korea’s 2.5 million self-employed workers next month.

South Korean banks held sufficient foreign currency liquidity to repay foreign debts in June.

South Korea's money supply amounted to 1,784.2 trillion won or US$1.6 trillion in May, up 5.5 percent from a year earlier, according to the Bank of Korea.

Korean savings banks pay their executives hundreds of millions of won per year despite losses and threat of insolvency.

Earnings of four major South Korean banks may have dropped nearly 15 percent on-year in the first half.

Korea's banks are likely to be more cautious about extending loans due to increased economic uncertainty at home and abroad.

KB Kookmin Bank President Min Byung-duk reportedly met with the bank’s labor union and proposed making a bid for Woori if the employees are also in favor.

Nonghyup Financial Group recorded the lowest BIS ratio among Korean banks in May with 11.09 percent.

Foreign bank branches in South Korea have increased their overseas borrowing so far this year.

Loan delinquency rates have accelerated in Korea, making it imperative for lenders to better manage their loans.

Shinhan Card’s supremacy in the credit card market has eroded due to the aggressive marketing from rivals.

Shinhan Bank is now looking to leverage its dominance to the rapidly-growing market for financial services provided on smartphones and tablet computers.

Woori Bank plans to buy a 33 percent stake in a small Indonesian bank.

Credit rating agency Moody's will keep a "stable" rating outlook for the Korean banking system for the next 12 to 18 months, according to a press release.

Korean banks are luring foreign customers as a consequence of an increasing number of workers from abroad and marriage immigrants.

The Export-Import Bank of Korea is suing KB Kookmin Bank over the latter's withdrawal from Sungdong Shipbuilding and Marine Engineering.