South Korea
11 South Korean financial firms found violating rules in selling HK-tied securities
Authorities will soon issue a guideline for the firms to compensate investors.
11 South Korean financial firms found violating rules in selling HK-tied securities
Authorities will soon issue a guideline for the firms to compensate investors.
Expected gov’t support to prop up the Industrial Bank of Korea’s solvency: analyst
Exposure to the property sector remains small and does not pose material risk.
South Korea’s interest rates for new deposits, loans fall in January
Average interest rate for new loans taken by large firms dropped 12 basis points.
South Koreans’ card spending up 32% to $19.22b in 2023: report
The number of Koreans who traveled overseas tripled in 2023.
South Korean banks’ lending to companies up in January
This was due to season factors.
South Korea’s household lending accelerates in January
However, there was a fall in housing sale transactions in the past month.
South Korea’s major banks saw average lending rate fall in January
This is the second consecutive month of decline.
Korean financial regulator vows to fight contagion risks from property financing: report
Lee called these real estate PF risks a “detonator” of the South Korean economy.
Korea’s Woori Financial Group logs 19% lower net income in 2023
Dividend income was 50% higher, however.
Citi Korea to enjoy strong capitalisation, stable credit profile through 2025: Moody’s
The bank’s winding down of its consumer banking business is a positive.
KakaoBank expands AI research at ICN10 data centre
Digital Realty's ICN10 data centre was selected for its optimized AI deployments.
South Korea cracks down on noncompliant private equity fund firms
Authorities first introduced the cancellation scheme in October 2021.
South Korea’s financial firms expect loan demand to rise in Q1: survey
Credit risks from corporations and households are also expected to rise, however.
South Korea to fine two global investment banks for naked short selling: report
The two banks made five naked short selling orders between 2022 and 2023.
South Korean bank’s corporate lending fell in December: central bank
The Bank of Korea blamed this on seasonal factors.
Bank lending to Korean households rose slower in December
Home mortgage lending continued to expand, but other loans contracted.
South Korean banks’ bad loans ratio up in October
The proportion of bad loans rose whilst resolved loans decreased by around US$1.29b.
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