South Korea
Mortgages drive demand for South Korean household loans in August
Demand for other loan types fell, however.
Mortgages drive demand for South Korean household loans in August
Demand for other loan types fell, however.
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.
Korea’s Kyongnam Bank face rising loan risks from SMEs, real estate financing: analyst
Profitability is expected to decline slightly, but it should maintain sufficient capital buffer.
Korea eases rules on overseas ownership; insurers can acquire banks
Insurers can invest in foreign financial and non-financial companies within regulatory boundaries.
S. Korea’s Exim Bank join forces with Polish development bank
The partnership focuses on financial support for infrastructure, transportation, and renewable energy.
Bank of Korea launches financial and economic snapshot platform
It is optimised for mobile devices to make data viewing easier for the public.
Korea's NHI&S picks Citi as global custody provider for business expansion
A South Korean securities firm is expanding its business model to include trustee services.
South Korea to let overseas firms enter its FX market: report
Authorities target its implementation by Q4.
Major Korean banks asked to prepare $4b to buoy distressed credit cooperative: report
The credit cooperative saw customers withdraw funds last week after reports of a rise in bad loans.
Visa, Hyundai Card team up to create data products
This alliance consists of 18 major industry players.
Korea Eximbank issues $580m Kangaroo bonds
This is the largest amount raised by a South Korean lender.
South Korean outlines new measures to improve FI's internal controls
Financial companies must clearly designated internal control responsibilities of each exec.
Rising costs weight on KB Kookmin Cards’s profitability: Moody’s
Cash flow and liquidity are weak, but credit profile will remain resilient over the next 12-18 months.
South Korea’s new capital buffers to strengthen banking system’s resilience
No capital raising or sheet adjustment is expected from the country’s biggest banks.
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