South Korea

Bank of Korea launches financial and economic snapshot platform

It is optimised for mobile devices to make data viewing easier for the public.

Bank of Korea launches financial and economic snapshot platform

It is optimised for mobile devices to make data viewing easier for the public.

Korea's NHI&S picks Citi as global custody provider for business expansion

A South Korean securities firm is expanding its business model to include trustee services.

Major Korean banks asked to prepare $4b to buoy distressed credit cooperative: report

The credit cooperative saw customers withdraw funds last week after reports of a rise in bad loans.

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.