South Korea

KakaoBank’s operating profit up 23% to $131.09m in Q1 2025

KakaoBank’s operating profit up 23% to $131.09m in Q1 2025

Revenue from financial investment, FX gains, and NPL sales rose compared to Q4 2024.
15 hours ago

Kookmin Bank profitability to decline on higher costs and narrowing NIM

It faces increasing delinquencies of SME loans, Moody’s said.
2 days ago

KB Financial Group’s stable profile carried by non-bank subsidiaries

But the subsidiaries’ credit profiles weakened in the recent downcycle.
2 days ago

South Korean banks to offer English mobile apps, documents to foreigners: report

The number of foreign banking customers have breached 8 million in 2024.,

South Korea’s household loans rise at a slower pace in March

Mortgage loans grew, but other types of loans shrank during the month.

Hyundai Card leads Korea’s credit card sales with PLCC dominance and data science

It holds a 78% market share in the private label credit card sector.

UOB unveils FDI Advisory Centre in South Korea

The bank has helped over 150 Korean companies expand to SEA since 2011.

South Korea’s household loans rise in Feb on higher mortgage demand

Home mortgage loans expanded at a faster pace than in January.

South Korea’s industrial lending up $2.27b in Q4 2024

Loans to working capital fell but rose for facilities investment.

South Korea’s corporate financing through issuances up 28.5% in January

IPO proceeds tripled, but rights offerings plunged during the month.

South Korea to unveil guidelines for short-selling

It plans to expand the English DART and Open DART services in January.

South Korean industrial lending rises by $12.14b in Q3 2024

Lending for working capital rose by $2.16b (KRW 3.1t).

South Korea compliant with Basel standards

These evaluations are part of the committee’s Regulatory Consistency Assessment Programme.

South Korea tightens liquidity rules as market improves

The banking sector’s liquidity coverage ratio will be rolled back to 100% in 2025.

South Korea's household loans up 0.9% in Q3

Total outstanding household credits was $1.28t as of end-September 2024.