South Korea
South Korea’s deposit, loan interest rates rose in May
Average interest rate for new deposits rose 15 basis points from April.
South Korea’s deposit, loan interest rates rose in May
Average interest rate for new deposits rose 15 basis points from April.
Woori Bank probed for alleged irregular foreign currency transactions: report
Sources said that the deals, worth billions of won, were executed over the past year.
South Korea financial system face short-term crisis risk as inflation ramps up: poll
One in four experts warned of possible shocks.
Foreign banks in South Korea see earnings fall in 2021
Fee and commission income shrank by over 230% during the fiscal year.
Chart of the Week: Mobile wallet payments pick up pace in South Korea
High smartphone and internet use drive its use.
South Korean banks’ household lending rise in April
Corporate lending rose to its second-highest monthly figure ever.
South Korean banks’ interest rates rise to eight year-high: report
The rising rates have spawned worries in households' repayment abilities.
Korea’s Shinhan Card vetting card numbering scheme following payment issues
There has been reports of unauthorized payments from its gift cards.
South Korean banks’ bad loans rise 0.23% in January
Bad loans to SMEs are on an uptick.
Gov't support, high vax rates buoy Korean banks’ asset qualities: Fitch
But increased competition in lending may give rise to risks in the long-term.
Industrial Bank of Korea fined $3.93m for selling fraudulent funds
IBK sold fraudulent funds of Discovery Asset Management, according to FSC.
South Korean banks’ mortgage rates hit highest level in seven years: report
The loan rate averaged 3.63% in December, 0.12 ppt higher than a month earlier.
South Korea completes first phase of digital currency feasibility test
The second phase of the test will be carried out until 22 June.
South Korea mulls easing restrictions on investing in fintech: report
The country’s top regulator shared plans to enact a new law on the matter.
South Korean banks' lending fell in December
This marked the first on-month decline for a month of December since 2004.
South Korea’s corporate loan growth quickened in Q3: report
This was thanks to a rise in loans made to the service sector during the period.
South Korean banks’ average mortgage rates hit three-year high: report
The 3.26% interest rate average is its highest since November 2018.
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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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