South Korea

South Korean banks to tighten household lending standards in Q3

This was due to the strengthening of household debt regulations.

Hyundai Card banks on data to fuel global ambitions

Its UNIVERSE AI platform is a key export asset after its Japanese launch.

South Korea's average deposit, loan interest rates fell in May

Interest rate on new deposits fell 8 basis points from a month earlier.

Jeonbuk Bank weighed by large unsecured personal loans

Profitability may decline through 2026 due to declining loan yields.

Kyongnam Bank likely to maintain good funding through 2026: Moody’s

But construction and retail sector loans may be a weakness.

Busan Bank’s asset quality and profitability poised to further weaken: report

It should maintain a strong funding structure thanks to its deposit base, however.

Card payments remain top choice of South Koreans

Nearly half of surveyed Koreans use credit cards for payments.

KakaoPay Corp’s profits may more than double market estimates by 2027

CGS International expects KKP Securities to turn profitable in the current year.

Jeju Bank will still have Shinhan FG support despite diluted stake

The Korean bank will expand its business outside of Jeju Island, says Moody’s.

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.

Kookmin Bank profitability to decline on higher costs and narrowing NIM

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

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

But the subsidiaries’ credit profiles weakened in the recent downcycle.

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.