Korea
South Korea mulls tightening rules on overdrafts: report
South Korea mulls tightening rules on overdrafts: report
Household debt reached a record high of $1.47t in June.
Bank of Korea plans test-run circulation of digital currency in 2021
It will launch a pilot program to study the potential introduction of a new cryptocurrency.
South Korean banks' credit loans hit $105b in August
Consumers rushed to buy apartments or to simply make ends meet.
South Korea's corporate loans jump to $1.12t in Q2
This is the largest amount on record for a second quarter period.
South Korean banks' vulnerability intensifies amidst renewed pandemic onslaught
The new outbreaks could lead to an extension of relief loans, which will weigh on profits.
South Korea passes new law on P2P lending
Lenders are required to have a capital of at least $421,000.
South Korean banks' FX deposits hit record $87.4b in July
Dollar deposits gained $2.76b during the month.
South Korea's major banks likely to retain aid for small firms
Authorities are seen to ask banks to extend support beyond September.
South Korea may extend eased liquidity rules for banks: report
The foreign exchange liquidity rules are eased until September.
Banks' loan delinquency rate falls to record low in June: report
Delinquency rate for loans extended to both companies and households declined.
South Korean bond issuance soared 73.5% to $17.5b in July
This is due to higher sales of low-grade bond issues through private placement.
Kakao Bank's earnings skyrocket ninefold in Q2
The bank’s outstanding loans came at $14.9b as of end-June.
South Korea's FX reserves hit $417b at end-July
It reached a record-high in the value of non-dollar assets and investment return.
South Korea investigates freeze on Singapore-linked notes: reports
Regulators are reviewing at least $234m of securities.
South Korean banks' consumer loans rise 2.3% in July
People scrambled to buy apartments before prices rose too high.
South Korean banks' daily FX turnover tumbled 12.4% in Q2
Values were hit due to the cut in transactions and fluctuations in exchange rates.
South Korea posts record high FX deposits in June
The ongoing pandemic pushed businesses and individuals to boost holdings.
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