South Korea
South Korea's household loans up 0.9% in Q3
Total outstanding household credits was $1.28t as of end-September 2024.
3 days ago
South Korea's household loans up 0.9% in Q3
Total outstanding household credits was $1.28t as of end-September 2024.
3 days ago
South Korean banks’ delinquency rate fell in Sept 2024
The volume of newly delinquent loans shrank KRW0.5t during the month.
3 days ago
South Korean banks' income falls by 13.9% to $4.43b in Q3 2024
Return on assets stood at 0.65%.
3 days ago
South Korean banks’ bad loans rise in August
The delinquency rate of SMEs and households rose during the month.
Shinhan FG to maintain ‘resilient’ credit profile despite subsidiary woes
Whilst two subsidiaries saw trouble, other key subsidiaries maintain stable outlooks.
Tighter policies drag South Korean household loan growth in September
Banks have supposedly stepped up their efforts to manage household debt.
Korean financial holding companies see higher net income in H1
The insurance sector buoyed the increase as income from banking and financial investments fell.
Delinquency rate of South Korean banks at 0.47% in July
The volume of resolved loans was lower than in June.
South Korea’s household loans expand by $7.32b in August
There were “strong housing market activities” in the Seoul metropolitan area.
Woori’s billion-dollar insurance buys will have little impact on banking arm
Woori Bank is expected to maintain its asset quality, although NIM may narrow.
SoKor credit card firms report 5.8% higher net income in H1
Loan-related and installment fees rose, as well as total expenses.
Korean banks’ total capital ratio rises to 15.76% in Q2
CET1 ratio rose 0.18ppt to 13.18% over the same period.
South Korea unveils new credit blocking program against phishing scams
Voice phishing scams reportedly amounted to over $146m in 2023.
South Korean banks’ net income down 11% in H1
Interest income grew but net interest margin (NIM) dipped.
South Korea mulls easing “network separation” rules on financial companies
It has formed a sandbox program to allow FIs to explore the use of gen AI.
South Korea’s corporate loans rise in July; deposits decline
Tax payments and outflow of funds for various reasons led to the drop.
SoKor household loans rise in July on more mortgages
Demand may also be higher due to the summer vacation season.
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