South Korea
Overseas assets of South Korean banks up 3.5% to $210.19b in 2023
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.
Korean financial firms invest $42.1b in overseas real estate
This was an increase of $876m.
Korea’s USD deposits decline in April amidst weakening won
Companies reportedly withdrew part of their US dollar deposits.
Korea’s Shinhan Card likely to maintain stable capital and liquidity
However, asset quality and profitability are expected to weaken, says Moody’s.
Korean regulators visit Hong Kong to discuss short-selling monitoring
South Korean reps met with investment banks and the CEO of SFC Hong Kong.
South Korean domestic banks’ net income shrank 24.1% in Q1
Non-interest and non-operating income dragged down income.
South Korean banks’ bad loan rate improves in March
Delinquency rate of loans to large companies, SMEs, and households fell.
South Korea warns against loan scams using voice phishing
Such scams are expected to rise with banks’ launching assistance programs.
Household loans by South Korean banks rise in April
A series of IPOs in April and May helped push up credit loan volumes.
Daegu Bank bets long-term with digital amidst home market issues
The Korean bank has turned its eyes to Seoul to grow its retail banking activities.
Gov’t ties to buoy Korea Development Bank's capitalisation
Problem loans are expected to rise, however.
Alipay+ inks deal with Jeju tourism org for exclusive offers to foreign visitors
Foreign visitors can enjoy up to 50% discounts from ZeroPay merchants.
Overseas expansion impacts Korean banks’ OE score
Despite Korea's high GDP per capita, the current level suggests there's still room for improvement.
South Korean banks’ loan delinquency rate rise in February
Corporate, SME, and household loans all saw their delinquency rates rise.
Deutsche Bank appointed by Euroclear as cash settlement and forex bank in Korea
It involves bond activities for Korea Treasury Bonds and Monetary Stabilization Bonds.
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