Korea
KTC cancels inactive credit cards
Krungthai Card has cancelled about 40,000 inactive credit cards to cut operating costs.
KTC cancels inactive credit cards
Krungthai Card has cancelled about 40,000 inactive credit cards to cut operating costs.
Another Korean savings bank fiasco looming
South Korea's financial regulators have begun sorting out 94 savings banks which survived the previous three rounds of expulsions.
S. Korea's Eximbank pursues repayment from N. Korea's Chosun Trade Bank
South Korea's Export-Import Bank of Korea has called on North Korea's Chosun Trade Bank to pay back food loans that became due this week.
Moody's rates Korean banking system as 'Stable'
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 on Wednesday.
KB, Korea Life to vie for ING Life Korea
KB Financial and Korea Life Insurance were among the preferred bidders to buy ING Group’s Asian insurance business.
S. Korean lending rate declines in April
The weighted average annual rate for new loans extended by South Korean banks went down 3 basis points in April to 5.71 percent.
KDB to sell Samurai bonds
Korea Development Bank plans to tap the Japanese bond market after a record Samurai offering by the Export-Import Bank of Korea.
S. Korea's central bank to sell share in KEB
South Korea's central bank will sell off its entire 39.5 million shares in Korea Exchange Bank worth US$277.3 million
South Korean banks struggle against massive household debt
Government and banking sector moves to reduce household debt begin to pay off
Shinhan Bank dares foreign expansion
In a none too friendly global banking environment, Shinhan Bank aims for 'glocalization'.
Hana raided over savings bank scandal
The main office of Hana Capital in southern Seoul have been raided by prosecutors for its role in the Mirae Savings Bank scandal.
Bad loan ratio rises in April for S. Korea's banks
A rise in fresh loan delinquency numbers brought the bad loan ratio up in April for banks in South Korea.
S.Korea's Eximbank raises $1.25B through samurai bonds
South Korea's Eximbank raised 100 billion yen or US$1.25 billion through samurai bond sales.
Solomon Savings Bank CEO arrested for suspected corruption
Prosecutors have arrested the CEO Solomon Savings Bank over allegations he embezzled and illegally lent billions of won.
South Korea tries to sell Woori again
Bidders interested in acquiring a majority stake in government-owned Woori Finance Holdings have until July 27 to do so.
South Korea shuts down four savings banks
Failure to meet financial-strength standards proves fatal for four South Korean savings banks.
Suspended Korean savings banks raided over alleged irregularities
Prosecutors have raided four savings banks to investigate alleged irregularities that led to their suspension a day earlier.
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