South Korea

Tighter policies drag South Korean household loan growth in September

Banks have supposedly stepped up their efforts to manage household debt.

Tighter policies drag South Korean household loan growth in September

Banks have supposedly stepped up their efforts to manage household debt.

Korean financial holding companies see higher net income in H1

The insurance sector buoyed the increase as income from banking and financial investments fell.

Delinquency rate of South Korean banks at 0.47% in July

The volume of resolved loans was lower than in June.

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.