South Korea

Korea’s USD deposits decline in April amidst weakening won

Companies reportedly withdrew part of their US dollar deposits.

Korea’s Shinhan Card likely to maintain stable capital and liquidity

However, asset quality and profitability are expected to weaken, says Moody’s.

Korean regulators visit Hong Kong to discuss short-selling monitoring 

South Korean reps met with investment banks and the CEO of SFC Hong Kong.

South Korean domestic banks’ net income shrank 24.1% in Q1

Non-interest and non-operating income dragged down income.

South Korean banks’ bad loan rate improves in March

Delinquency rate of loans to large companies, SMEs, and households fell.

South Korea warns against loan scams using voice phishing

Such scams are expected to rise with banks’ launching assistance programs.

Household loans by South Korean banks rise in April

A series of IPOs in April and May helped push up credit loan volumes.

Daegu Bank bets long-term with digital amidst home market issues

The Korean bank has turned its eyes to Seoul to grow its retail banking activities.

Alipay+ inks deal with Jeju tourism org for exclusive offers to foreign visitors

Foreign visitors can enjoy up to 50% discounts from ZeroPay merchants.

Overseas expansion impacts Korean banks’ OE score

Despite Korea's high GDP per capita, the current level suggests there's still room for improvement.

South Korean banks’ loan delinquency rate rise in February

Corporate, SME, and household loans all saw their delinquency rates rise.

Deutsche Bank appointed by Euroclear as cash settlement and forex bank in Korea

It involves bond activities for Korea Treasury Bonds and Monetary Stabilization Bonds.

Korean banks to ease lending standards for companies and mortgages

But banks are expected to tighten lending standards for household loans.

Korean banks’ household loans drops in March as mortgage demand slows

In contrast, bank lending to the corporate sector increased by over KRW10t.

Transferable deposits drive South Korean banks’ deposit growth in March

Banks hold an outstanding KRW2.36t in deposits as of end-March.