South Korea
Korea eases rules on overseas ownership; insurers can acquire banks
Insurers can invest in foreign financial and non-financial companies within regulatory boundaries.
Korea eases rules on overseas ownership; insurers can acquire banks
Insurers can invest in foreign financial and non-financial companies within regulatory boundaries.
S. Korea’s Exim Bank join forces with Polish development bank
The partnership focuses on financial support for infrastructure, transportation, and renewable energy.
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.
South Korea to let overseas firms enter its FX market: report
Authorities target its implementation by Q4.
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.
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Technology to underpin future of financial services
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Banks should boost their online infrastructure as digital assets become the norm.
Banks should boost their online infrastructure as digital assets become the norm.
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