Korea
South Korean regulator to end repo agreements
South Korean regulator to end repo agreements
This is due to improved market liquidity and reduced demands.
South Korea's money supply grew 1.2% in May
This was due to an increase in household and corporate loans.
South Korea's credit card use shrinks 2.1% amidst the pandemic: report
Daily average use of contact-free spending jumped 12.7% from Feb to May.
South Korean banks to reduce lending in Q3: survey
Credit risk scores for the sectors are likely to record an increase, says the Bank of Korea.
South Korean banks' delinquency rate shrinks in June: report
But this was due to more lending out rather than a decline in overdue loans.
Number of fake South Korean banknotes down 19.4% in H1
The number of fake 50,000 won bills only came at 11, from 35 last year.
Time deposits at South Korean banks down by $8.83b in June
More people are holding on to their money amidst record-low rates.
South Korean fresh loan rates up to 2.82% in May
The expansion follows four consecutive months of declines.
South Korean banks to begin implementing Basel III by end-June
Kwangju Bank and JB will be the first to make the shift.
High delinquencies on the horizon for South Korea's financial market: report
Although the market is now stable, more problems are expected, local regulator says.
South Korea parked $413b of investments in the US last year
The US was also the largest financial investor in South Korea.
Consumer spending to drive card payments in South Korea
The sector is posed to grow at a CAGR of 4.3% from 2019 to 2024.
South Korean financial institutions spent US$935m in social contributions in 2019
Microcredit lending comprised the lion’s share of US$461m.
Korean central bank launches legal advisory for digital currency
But BOK denied that they are preparing for an actual launch of a digital currency.
US dollar deposits at South Korean banks rise amidst outbreak
Outstanding dollar deposits at five local banks have reached $47b.
South Korean banks' loan delinquency ratios rise in April
Delinquency of loans extended to households edged up 0.02 ppt.
South Korea's fiscal stimulus to carry lasting headwinds
It will reduce loan defaulting, but also loosens credit standards.
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