South Korea
Will reforms save South Korea’s mutual savings banks?
Will reforms save South Korea’s mutual savings banks?
Small-business and P2P lending offers fresh revenue streams.
Shinhan seizes South Korea's top bank brand spot with $8.8b valuation
Nine SoKor bank brands are collectively valued at $31.8b, up 19%.
South Korea commits to overhaul its mutual savings banks
It will expand functions, tighten governance, and set up a company for NPL management.
Citi launches Korea desk in Chicago to back Korean firms’ US expansion
Citi Korea opened its first Korea desk in New York in 1993.
South Korea lending rate to fall to 3.16% by 2028
Borrowing costs will extend their downward trend after a 21% drop in 2023.
Korean regulators hit 5 banks with record $1.38b in ELS penalties
Kookmin Bank will face the highest penalty if based on sales amount, the report said.
Korea revises bill to check criminal info of virtual asset service providers
The law also broadened rule-breaking activities that are screened.
Standard Chartered names Ryan Song as head of M&A in Korea
He is expected to help grow the bank’s M&A advisory business in the region.
South Korea regulator widens responsibilities maps from insurers to savings banks
FSC invites $0.49b savings banks into pilot ahead of 2 July 2026.
South Korean bank delinquencies hit 0.6% with SMEs hit hardest
Volume of newly delinquent loans shrank whilst resolved loans rose.
Korea’s outstanding deposit rate fell in December whilst loan rates climbed
Rates for new deposits rose during the month.
South Korea rewrites bank loan-deposit rules to push regional lending
Regulators plan to upgrade rules and provide incentives to improve regional banks’ competitiveness.
Airwallex buys Paynuri to enter South Korea payments market
It plans to hire 20 employees in the market in 2026.
Korean banks’ loans contracted in December as banks guarded capital ratios
SME loans fell as banks slowed down lending for their capital adequacy ratios.
Alipay+ sees tourist spending rise on foreign e-wallet use
Beauty clinic transactions and transportation transactions rose during the year.
Citi names Soonwok Kwon as head of market sales for South Korea
Kwon used to work at UBS AG and Credit Suisse AG in Seoul.
Visa, DealMe launch instant installment option for Vietnamese cardholders
Pilot merchants include Shinsegae Duty Free and select clinics in South Korea.
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