South Korea
South Korea compliant with Basel standards
South Korea compliant with Basel standards
These evaluations are part of the committee’s Regulatory Consistency Assessment Programme.
South Korean banks’ bad loans climb 0.47% in December
This reflects a significant increase compared to the previous year.
South Korea’s deposit, loan interest rates rose in May
Average interest rate for new deposits rose 15 basis points from April.
Internet-only lender K-Bank’s users rise by over 2 million in Q2
As of end-June the banks said that it has over 6.19 million customers.
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.
South Korean banks’ bad loan ratio hits record low in Q
Ratio of bad loans to total lending came at only 0.62% as of end-March.
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