THE CHOSUNILBO on MSN16h
Korean banks cut SME loans as high exchange rate strains capital
South Korean commercial banks are scaling back loans to small and medium-sized enterprises (SMEs) as high exchange rates ...
Hosted on MSN28d
South Korea’s banks cut 1,000 jobs every year despite record earnings
Korea’s four leading commercial banks—KB Kookmin, Shinhan, Hana, and Woori—had 56,728 employees by the end of September last year, down 4,558 from 61,286 in September 2019, according to the ...
조선일보1mon
Korean banks stagnate in non-interest revenue innovation despite rising income
A source from a commercial bank noted, "While banks are expanding ... Tariff policies shake Bitcoin market as prices fall below $95,000 in South Korea From January 6 to 10, the virtual asset ...
The Korea Times6d
Banks cater to digitally isolated older customers amid demographic shift
Commercial banks are rapidly introducing services tailored ... According to the Bank of Korea (BOK), the number of branches operated by local banks stood at 5,849 at the end of the third quarter ...
조선일보10d
Household loans in South Korea surge by 17 trillion won, driven by mortgages
Since the beginning of the new year, household loans have been increasing, particularly centered around mortgage loans.
World Finance7y
SWIFT cuts North Korean banks
On March 16, financial communications platform SWIFT announced it would disconnect the last four remaining North Korean banks on its system. The decision was taken after Belgian regulators threatened ...
Business Insider India3y
South Korean banks are creating custody companies to deal with cryptocurrencies — without having to touch the asset itself
With less than two months to go until South Korea’s new crypto regulations come into law, the biggest banks in the country are announcing new ways to keep the door to cryptocurrencies open for ...