Korea

Korean overseas card spending up 4.2% in Q3

A rising number of outbound travelers.

Korean overseas card spending up 4.2% in Q3

A rising number of outbound travelers.

S. Korea's banks to suffer setbacks, says Moody's

Household debts and a corporate slowdown.

Korean banks to be accountable for phishing

Start being responsible for online security.

Industrial Bank of Korea suffers 40% dip in Q3 net

Decreased interest and non-interest income.

S. Korea to inspect FX trading

To curb the won's strength.

S. Korean banks' net down 4.1% in Q3

Blame it on shrinking interest income.

Korea's KB Financial net falls 29.2% in Q3

Net profit down by 29.2 percent. For that decline, KB Financial Group is blaming squeezed profit margins and higher loan-loss reserves.

Korea Eximbank CEO aspires for global advancement

CEO Kim Yong-hwan aims is to transform Korea Eximbank from an export finance provider into a true global investment power.

Korean banks resilient to household debt: Moody’s

A solid capital buffer against possible debt defaults makes South Korean banks resilient to the country’s household debt, according to Moody’s.

RHB Bank eyes 15% credit card market share

RHB Bank hopes to boost its share of the credit card market from 6 percent to 15 percent by 2017.

KEB earns less than expected in Q3

Korea Exchange Bank's earnings for the third quarter was less than expected due to falling profit margins and higher loan-loss reserves.

Korean savings bank chief gets 8-year prison term

Ryu Dong-cheon, chairman of the Jeil Savings Bank, has been sentenced to eight years in prison after extending a large amount of illegal loans and incurring huge losses to the troubled bank.

3 keys to Korean banks' resilience against foreign currency liquidity risks

Among the ways is terming out debt maturities and it finally paid off.

S. Korea, China, Mongolia to launch bank association

South Korea, China and Mongolia have agreed will launch an association of trade banks to help finance developmental projects for areas near the Tumen River.