South Korea
South Korea’s household loans expand by $7.32b in August
There were “strong housing market activities” in the Seoul metropolitan area.
South Korea’s household loans expand by $7.32b in August
There were “strong housing market activities” in the Seoul metropolitan area.
Woori’s billion-dollar insurance buys will have little impact on banking arm
Woori Bank is expected to maintain its asset quality, although NIM may narrow.
SoKor credit card firms report 5.8% higher net income in H1
Loan-related and installment fees rose, as well as total expenses.
Korean banks’ total capital ratio rises to 15.76% in Q2
CET1 ratio rose 0.18ppt to 13.18% over the same period.
South Korea unveils new credit blocking program against phishing scams
Voice phishing scams reportedly amounted to over $146m in 2023.
South Korean banks’ net income down 11% in H1
Interest income grew but net interest margin (NIM) dipped.
South Korea mulls easing “network separation” rules on financial companies
It has formed a sandbox program to allow FIs to explore the use of gen AI.
South Korea’s corporate loans rise in July; deposits decline
Tax payments and outflow of funds for various reasons led to the drop.
SoKor household loans rise in July on more mortgages
Demand may also be higher due to the summer vacation season.
Korea, Turkey renew bilateral swap agreement
The extension is effective for a period of 3 years beginning August 2024.
South Korea’s deposit, loan interest rates dip in June
Average interest rates for new and outstanding loans and deposits fell.
South Korean banks’ bad loans sees uptick in May
The delinquency rate stood at 0.51%, 0.03ppt higher than in April.
South Korea’s household loans up 0.5% in H1
The outstanding balance of all household loans is KRW4.4t as of June 2024.
South Korea names 10 domestic systemically important banks for 2025
They are required to log a 1% additional capital surcharge in 2025.
Overseas assets of South Korean banks up 3.5% to $210.19b in 2023
Assets increased in Japan, the US, and the UK.
Interest rates of new deposits, loans in South Korea rise in May
However, the overall average of outstanding loans fell.
South Korea’s corporate financing dropped in May
Equity issues and IPO volumes plummeted during the month.
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1. GXS Bank launches term deposit product Boost Pocket 2. China’s big four banks face $100b shortfall in loss-absorbing capital 3. Labour force upskilling needed as SG nears 'super-aged' status 4. Cambodian banks breach covenants as bad loans surge 5. Tottenham Hotspur taps Ant International as global payment solutions, digital wallet partnerEvents
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