South Korea

Bad loans of South Korean banks rose in April

Business loans classified as SBLs fell slightly.
2 days ago

Bad loans of South Korean banks rose in April

Business loans classified as SBLs fell slightly.
2 days ago

TaishinPay QR payment now available in South Korea

The Taiwanese digital service also plans to include two-way ATM withdrawal capabilities.
3 days ago

KakaoBank modernises data management system

The mobile-only bank targets to modernise its data management system.

South Korea’s financial regulator boosts efforts for fair trading in capital markets

Penalty surcharges and boosting early detection systems are amongst the solutions.

Delinquency rate of Korean corporate loans fell to 0.41%

Delinquency rate of household loans also fell to 0.31% in March.

Bad loans of Korean banks fell to 0.33% in March

The volume of resolved loans rose during the month.

Citibank Korea doubles net income in Q1

The net income of KRW84.9b for Jan-March 2023 is 112% higher than a year ago.

Kakao Pay beset with 2 hour service disruption

This was subsequent to its the messaging app’s recent cyber disruption.

South Korean banks’ loans to households, corporates up in April

Corporates borrowed money for dividend payments, the Bank of Korea said.

Korea, Indonesia central banks ink MOU for bilateral trade: report

It reduces companies’ exposure to exchange rate risks.

South Korea daily FX turnover hit all-time high in Q1

Increased demand for cross-border transactions of securities drove the growth.

KB Financial registers 2.5% growth in Q1 earnings

Net profits totalled ₩1.50t in the January to March period.

Steady margins will push Daegu Bank to stable profits in 2023

The bank’s dividend payouts will remain at current levels of 40% to 50%, Moody’s reported.

South Korea’s central bank unveils system for verifying AI use in credit scoring

Credit bureaus will be supervised under this new verification system.

Shinhan Bank and E9Pay team up for overseas payment platform

The payment system will cater toward foreigners residing in South Korea.

South Korean bank deposits up by KRW22.3t in February

Transferable deposits rose by KRW21.4t during the month.