South Korea

South Korea interest rates for new deposits, loans rose in October: BOK

The interest rate for outstanding amounts of deposits and loans also rose.
3 days ago

South Korea interest rates for new deposits, loans rose in October: BOK

The interest rate for outstanding amounts of deposits and loans also rose.
3 days ago

South Korean banks’ net income down 23.9% in Q3

Non-interest income and return of assets both fell during the quarter.

Korean banks’ delinquency ratio drops to 0.39% in September

The bad loan rate of corporates rose compared to August.

South Korean financial firms to tighten lending standards in Q4: survey

The 18 banks polled indicated that they will be pickier on approving loans.

South Korean banks’ deposits up US$19.9b in September

Transferable deposits rose substantially, whilst time deposits fell.

Chuseok, mortgage demand drive up Korean banks’ lending in September

Home mortgage demand grew by $4.49b (KRW6.1t) in August.

Two Hong Kong banks facing record fines for short-selling in Korea: report

South Korea’s FSS said they made short-selling deals worth KRW40b and KRW16b, respectively.

KakaoBank buys 10% in Superbank, enters partnership to boost digital banking in Indonesia

Superbank is planning to publicise its mobile app later in the year.

Deutsche Bank increases South Korean capital

The bank added EU150m in capital allocation for its Seoul branch.

S.K.’s FSC raises KRW73.8t in policy funds for venture capital in FIs

This exceeded the initial supply plan of 66.7% by August and achieved 80.4% of the annual target.

South Korean banks’ deposits up by $21b in August

Transferable deposits and time deposits both grew.

Korean banks’ lending to corporates, SMEs rise in August

Loans extended to large corporations and SMEs both rose during the month.

Revised rules bolster Korean banks’ competition, but no silver bullet to thriving: analysts

The proposed revisions will pave the way for mergers and bolster competitiveness.

Jeonbuk Bank profits to weaken from real estate lending woes

Asset quality and profitability will weaken through 2024, Moody’s said.

KEB Hana Bank’s profits stable in 2023, but NIM to decline

It has improved its cost-to-income ratio and loan portfolio over the years.

Busan Bank’s earnings to decline in medium term: Moody’s

Profits will decline due to a modest narrowing of net interest margins to 2% in 2023.