Korea
Deutsche Bank doubles its Indonesia capital to $644m
Deutsche Bank doubles its Indonesia capital to $644m
This is the third time it raised its capital in an APAC market this year.
South Korea mulls normalizing eased rules on banks’ FX derivatives: report
The country relaxed rules in March amidst a severe dollar crunch.
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.
Central American development bank to open Seoul office: report
The bank has the goal of opening the office within 2021.
South Korea mulls cashbacks for credit card spending to boost consumption
The government reportedly plans to set the ceiling of cash back rewards per person.
South Korea’s Hana Bank floats $600m in ESG bonds: report
It carries an annual interest rate of 1.25%.
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.
Bank of Korea to carry out mock test on functionality of digital currency: report
The test will reportedly start in August and run until June 2022.
South Korean banks to extend $3.1b in loans to low-income citizens
They can expect to secure loans worth up to around $26,000 (KRW30m) per person.
South Korea's internet banking transactions up 20.6% in 2020
Daily, there were than 13 million online banking transactions in the country last year.
Internet banking transactions in South Korea rose 20.6% in 2020
Daily, there were than 13 million online banking transactions in the country last year.
H&M's Arket launches new store in South Korea
The first 200 guests will receive a free drink from its cafe.
South Korea's department stores saw cosmetic sales growth
Restrictions on use of cosmetic samples were lifted on 15 February.
Coupang to debut in New York Stock Exchange
It is hoping to price its offering at $27-$30 per share to raise up to $3.6b.
South Korea invests $267m in digital retail growth
This aims to help local online retailers to adopt technologies such as drones.
South Korean banks' loan delinquency rate flat in November
Compared to November 2019, delinquency rate is down 0.14 percentage points.
South Korean banks' household loans hit $896b in 2020
This was pushed by a sustained rise in mortgage loans.
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