South Korea
South Korean banks to offer English mobile apps, documents to foreigners: report
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 banks' delinquency rate inches up to 0.48% in October
Resolved loans decreased by $1.8b month-on-month.
South Korean industrial lending rises by $12.14b in Q3 2024
Lending for working capital rose by $2.16b (KRW 3.1t).
South Korea to implement KOFR in derivatives market in 2025
Target share is 10% in 2025, and 50% in 2030.
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.
South Korean banks’ delinquency rate fell in Sept 2024
The volume of newly delinquent loans shrank KRW0.5t during the month.
South Korean banks' income falls by 13.9% to $4.43b in Q3 2024
Return on assets stood at 0.65%.
South Korean banks’ bad loans rise in August
The delinquency rate of SMEs and households rose during the month.
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