Korea
Samsung, Shinhan to offer credit card for self-employed
Samsung and Shinahn will offer a credit card designed exclusively for Korea’s 2.5 million self-employed workers next month.
Samsung, Shinhan to offer credit card for self-employed
Samsung and Shinahn will offer a credit card designed exclusively for Korea’s 2.5 million self-employed workers next month.
S.Korean banks pay off short term foreign debts
South Korean banks held sufficient foreign currency liquidity to repay foreign debts in June.
S. Korea's money supply increase 5.5 % in May
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.
Korea's savings bank pay fat salaries to execs despite losses
Korean savings banks pay their executives hundreds of millions of won per year despite losses and threat of insolvency.
Earnings of South Korean Banks nearly 15% down
Earnings of four major South Korean banks may have dropped nearly 15 percent on-year in the first half.
Korean banks expected to tighten grip on loans
Korea's banks are likely to be more cautious about extending loans due to increased economic uncertainty at home and abroad.
KB Financial shows interest on Woori
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 awaits $865.9M government infusion
Nonghyup Financial Group recorded the lowest BIS ratio among Korean banks in May with 11.09 percent.
Korea's foreign banks see increased overseas borrowing
Foreign bank branches in South Korea have increased their overseas borrowing so far this year.
S. Korean banks warned against loan defaults
Loan delinquency rates have accelerated in Korea, making it imperative for lenders to better manage their loans.
Shinhan Card market share eroded
Shinhan Card’s supremacy in the credit card market has eroded due to the aggressive marketing from rivals.
Shinhan leads smart banking
Shinhan Bank is now looking to leverage its dominance to the rapidly-growing market for financial services provided on smartphones and tablet computers.
S. Korea’s Woori to buy 33% stake in Indonesia’s Bank Saudara
Woori Bank plans to buy a 33 percent stake in a small Indonesian bank.
Moody's rates Korean banking system as 'Stable'
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 eye customers from overseas
Korean banks are luring foreign customers as a consequence of an increasing number of workers from abroad and marriage immigrants.
Eximbank to sue Kookmin Bank over Sungdong
The Export-Import Bank of Korea is suing KB Kookmin Bank over the latter's withdrawal from Sungdong Shipbuilding and Marine Engineering.
S. Korea crafts new ATM withrawal system against voice phishing
Cash withdrawals of 3 million won or more at South Korea's ATM machines will not be possible until at least 10minutes after the money has been wired.
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