Korea
Woori Bank acquires financial institution in Cambodia
Woori Bank acquires financial institution in Cambodia
The bank renamed the combined entity as WB Finance.
Korean banks to launch blockchain ID verification programme
‘BankSign’ will be officially rolled out in July.
Strong economy to buoy Korean banks growth prospects
Corporate deleveraging is also expected to keep bad loans down.
Bad loans at South Korean banks dip to 1.18% in Q1
Improved profits also boosted capital adequacy.
South Korean banks intensify inter-Korean business preparations amidst peace talks
Banks have been studying how to forge closer economic ties with the North.
Non mortgage loans dominate Korean bank lending in April
The government’s efforts to tighten home-backed lending appear to be paying off.
Korea's bad loans shrink as new NPLs stood at $1.59b in Q1
This marks the lowest level since the global financial crisis struck.
Korean banks' loan delinquency rate inches up to 0.48% in February
Newly delinquent loans outnumbered resolved ones.
Korean banks net income rose 23.9% to $807m in 2017
Cash inflow from overseas business in China ballooned 389.3% to $110.9m.
South Korean banks to expand in ASEAN countries
Thanks to the low interest rate environment and rising competition from online banks.
South Korea unveils task force to monitor and study cryptocurrencies
This will help banks in risk management, digital currency, and blockchain.
Larger South Korean banks to face Basel capital floor issues
But impact from IFRS 9 will be limited.
Here's why South Korean banks' profiles are improving
The operating environment has become less challenging.
Citi to open Korea desks in Vietnam and Czech Republic
There are seven Korea desks in different locations currently.
Korean banks' asset quality feared to deteriorate further
Capital ratios may also decline, with downward pressure from low profitability.
Citi Korea dead set on doubling AUMs in wealth management business by 2020
The bank also targets to grow its deposits by 30%.
What you need to know about Korea's thriving credit card sector
Delinquency rates have stayed persistently below 2% since 2009.
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