South Korea
Citi opens new office at Busan International Finance Center
Citi opens new office at Busan International Finance Center
It’s meant to further support its securities services operations in Busan.
South Korea’s Kakao Bank to raise over $2.2b in IPO
Shares were priced at the top end, at KRW39,000 ($34).
Mortgage loans drive up South Korean banks’ household loans in June
They also set a fresh record for half-year increase in household loan value.
South Korean banks to tighten fresh lending in Q3
Rising household credit risks and tougher lending rules put a damper on lenders’ plans.
South Korean incumbent banks’ profits at risk as Kakao Bank expand loan services
The internet-only bank plans to launch mortgages and merchant loan products.
Chart of the Week: South Korean card payments to grow 4.9% through 2024
Average frequency of use is 136.2 times in 2020, higher than in France, US, and UK.
Thought Leadership Centre
Most Read
1. Why Thai finance firms push AI as human oversight limits automation 2. Bank of Singapore reshuffles advisory team amidst UHNW focus 3. Banks waste AI spending without workflow redesign as only 10% see gains 4. Why banks must become gatekeepers or accept commodity status 5. DBS Bank taps Ascenda to boost rewards competitionResource Center
Read Here
Advertise
Sign Up
Event News
From insurance to lending, the winners are those doing "less but gaining more" by prioritizing risk-adjusted returns over market share.
Commentary
Perth is emerging as an unlikely testbed for the future of global finance
Buy now, worry later: The hidden cost of BNPL