South Korea
Korea, Turkey renew bilateral swap agreement
The extension is effective for a period of 3 years beginning August 2024.
Korea, Turkey renew bilateral swap agreement
The extension is effective for a period of 3 years beginning August 2024.
South Korea’s deposit, loan interest rates dip in June
Average interest rates for new and outstanding loans and deposits fell.
South Korean banks’ bad loans sees uptick in May
The delinquency rate stood at 0.51%, 0.03ppt higher than in April.
South Korea’s household loans up 0.5% in H1
The outstanding balance of all household loans is KRW4.4t as of June 2024.
South Korea names 10 domestic systemically important banks for 2025
They are required to log a 1% additional capital surcharge in 2025.
Overseas assets of South Korean banks up 3.5% to $210.19b in 2023
Assets increased in Japan, the US, and the UK.
Interest rates of new deposits, loans in South Korea rise in May
However, the overall average of outstanding loans fell.
South Korea’s corporate financing dropped in May
Equity issues and IPO volumes plummeted during the month.
Korean financial firms invest $42.1b in overseas real estate
This was an increase of $876m.
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.
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