South Korea
Visa, Hyundai Card team up to create data products
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.
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.
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