South Korea
Korean banks’ net income jump 24% in Q1
Interest income declined as a result of interest rates falling during the period.
Korean banks’ net income jump 24% in Q1
Interest income declined as a result of interest rates falling during the period.
Bad loans of South Korean banks rose in April
Business loans classified as SBLs fell slightly.
TaishinPay QR payment now available in South Korea
The Taiwanese digital service also plans to include two-way ATM withdrawal capabilities.
KakaoBank modernises data management system
The mobile-only bank targets to modernise its data management system.
South Korea’s financial regulator boosts efforts for fair trading in capital markets
Penalty surcharges and boosting early detection systems are amongst the solutions.
Delinquency rate of Korean corporate loans fell to 0.41%
Delinquency rate of household loans also fell to 0.31% in March.
Bad loans of Korean banks fell to 0.33% in March
The volume of resolved loans rose during the month.
Citibank Korea doubles net income in Q1
The net income of KRW84.9b for Jan-March 2023 is 112% higher than a year ago.
Kakao Pay beset with 2 hour service disruption
This was subsequent to its the messaging app’s recent cyber disruption.
South Korean banks’ loans to households, corporates up in April
Corporates borrowed money for dividend payments, the Bank of Korea said.
Korea, Indonesia central banks ink MOU for bilateral trade: report
It reduces companies’ exposure to exchange rate risks.
South Korea daily FX turnover hit all-time high in Q1
Increased demand for cross-border transactions of securities drove the growth.
KB Financial registers 2.5% growth in Q1 earnings
Net profits totalled ₩1.50t in the January to March period.
Steady margins will push Daegu Bank to stable profits in 2023
The bank’s dividend payouts will remain at current levels of 40% to 50%, Moody’s reported.
South Korea’s central bank unveils system for verifying AI use in credit scoring
Credit bureaus will be supervised under this new verification system.
Shinhan Bank and E9Pay team up for overseas payment platform
The payment system will cater toward foreigners residing in South Korea.
South Korea’s K-Bank quadruples net income in 2022: report
The neobank now has 8.49 million customers.
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