Korean banks to cut corporate loans for profitability

South Korea’s Hana Bank is set to reduce new corporate loans despite rising demand to improve profitability and soundness after having increas...

Korean savings banks swing to loss after 9 years

South Korea’s savings banks turned to the red after nine years in 2023 as they put aside heavy reserves on future loan losses, with their loan...

Korean real estate firms put up for sale amid lasting market downturn

A growing number of private real estate firms are being put up for sale in South Korea amid a prolonged market downturn and increasing delinquencies...

KB Financial beats profit forecast on higher interest rates

KB Financial Group Inc., South Korea’s top financial holding company by assets, on Tuesday reported better-than-expected net profit in the thi...

Korea's loan delinquency rates soar; outlook to worsen in H2

South Korean banks are seeing loan delinquency rates surge due to the increase in lending during the pandemic and a series of rate hikes. The rates ...

S.Korea’s Woori Financial profit up on interest rate margins

Woori Financial Group, South Korea’s fourth-largest financial holding company, logged growth in a quarterly net profit as larger interest rate...