South Korea
Korea’s Woori Financial Group logs 19% lower net income in 2023
Dividend income was 50% higher, however.
Korea’s Woori Financial Group logs 19% lower net income in 2023
Dividend income was 50% higher, however.
Citi Korea to enjoy strong capitalisation, stable credit profile through 2025: Moody’s
The bank’s winding down of its consumer banking business is a positive.
KakaoBank expands AI research at ICN10 data centre
Digital Realty's ICN10 data centre was selected for its optimized AI deployments.
South Korea cracks down on noncompliant private equity fund firms
Authorities first introduced the cancellation scheme in October 2021.
South Korea’s financial firms expect loan demand to rise in Q1: survey
Credit risks from corporations and households are also expected to rise, however.
South Korea to fine two global investment banks for naked short selling: report
The two banks made five naked short selling orders between 2022 and 2023.
South Korean bank’s corporate lending fell in December: central bank
The Bank of Korea blamed this on seasonal factors.
Bank lending to Korean households rose slower in December
Home mortgage lending continued to expand, but other loans contracted.
South Korean banks’ bad loans ratio up in October
The proportion of bad loans rose whilst resolved loans decreased by around US$1.29b.
Korean central bank inks deal to develop system for testing CBDCs
LG CNS Co. will develop a set of systems for the test.
S.K.’s FSC Issues guidelines for fractional investments in regulatory sandbox
Authorities anticipate that this guideline will enhance business entities.
S.K.’s stock market index to release English disclosures this coming year
The mandatory English disclosures of significant information will be enforced for KOSPI-listed firms in two stages.
South Korean banks’ total capital up 1.3% to $3.4b in Q3
Authorities warned of volatile financial markets.
Corporate lending in South Korea rise in Q3
Depository corporations increased industrial lending by approximately US$24.41b
South Korea interest rates for new deposits, loans rose in October: BOK
The interest rate for outstanding amounts of deposits and loans also rose.
South Korean banks’ net income down 23.9% in Q3
Non-interest income and return of assets both fell during the quarter.
Korean banks’ delinquency ratio drops to 0.39% in September
The bad loan rate of corporates rose compared to August.
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