Korea

South Korea's financial regulator plans to limit credit card firms' excessive credit issuance and marketing costs.

This is due to lower impairment expenses, stable net interest margins, and sluggish loan growth that will support higher earnings, says Moody’s.

Nation’s ruling party motions to investigate savings banks on FSS’ speculated negligence on lender’s illegal activities.

FSC to allow local bank holding firms to buy only 50% stake in a holding firm with government stake to improve chances of privatising Woori.

The FSC chairman said the partner who acquires Woori will enjoy enough economic benefits and wanted to see foreign bidders.

While the lender’s growth lags rivals following focus as it shifts to retail lending, it says remains committed to South Korea.

The lender aims to be Mainland’s top foreign bank by 2020 as it plans of M&As and IPOs.

Seven lenders with huge outstanding loans will furnish the capital to establish the debt clearer with $1.12bn capital.

A source said both parties were positive on extending what may be the largest banking deal in Korea.

Hana picks Woori as its backup as uncertainty on the conclusion on its bid for KEB grows.

South Korea raises minimum stake purchase threshold to 30% as it resumes Woori’s $6bn stake sale.

Yet KEB said the bonuses were given as incentives for above-expected profit of $682mn, an increase of 42.3%.

The lender fights for KEB takeover as it zeroes in on the move to further its growth.

Korea Exchange Bank decided not to pay a dividend for the first quarter amid lingering doubt over U.S. fund Lone Star's controlling stake sale to Hana Financial Group Inc .

Korea Deposit Insurance Corp. plans to begin the bidding process for seven suspended savings banks this week as part of efforts to restructure the embattled savings banking sector.

Korea Exchange Bank's first-quarter earnings plunged 46.4 percent from a year earlier due to one-off costs and increased loan-loss reserves.