Korea Joongang Daily
Korea JoongAng Daily

Global banks say U.S.-Korea summit eased uncertainties, likely to boost Kospi

Global investment banks assessed Friday that the trade deal reached between Seoul and Washington this week has eased uncertainties and is expected to provide upward momentum to the Korean stock market.

2025-10-31

Record windfalls for financial giants means big payouts for investors

Korea’s biggest financial groups reported record-breaking profits this year and are rewarding investors at an unprecedented pace, using their windfalls to raise dividends and cancel shares as they step up efforts to close a global valuation gap.

2025-10-30

Banks likely to tighten lending criteria in Q4: Survey

Banks in Korea are expected to tighten lending standards in the fourth quarter, particularly for household loans, as authorities have tightened loan restrictions to clamp down on the overheated housing market, a central bank survey showed on Monday.

2025-10-27

BOK chief discusses economy, financial trends with Chinese, Japanese central bank heads

Bank of Korea (BOK) Gov. Rhee Chang-yong has met with his Chinese and Japanese counterparts and discussed economic and financial issues of mutual interest, the Korean central bank said Thursday.

2025-10-16

Banks' H1 net up 18.4 percent on noninterest income

Korean banks' combined net profit jumped more than 18 percent from a year earlier in the first half of the year on a sharp rise in noninterest income that more than offset a slight drop in interest income, data showed Thursday.

2025-08-21

Banks' capital adequacy ratio up in first quarter

Korean banks saw their capital adequacy ratio inch up in the first quarter of the year, data showed Thursday.

2025-05-29

Financial holding firms see 2024 profits jump nearly 11%

Financial holding companies in Korea logged an almost 11 percent rise in their earnings last year, thanks to the robust performances of banks and insurers, data showed Wednesday.

2025-04-16

An abundance of Benjamins: Dollar deposits at banks hit 2-year high

A Hana Bank employee shows stacks of $100 bills at its forgery detection center in Jung District, central Seoul, on Feb. 18.

2025-02-18

Financial watchdog uncovers $266 million in improper loans at major banks

Korea’s financial watchdog uncovered more cases of improper loan provisions at the country’s major banks — Woori, KB Kookmin and NH Nonghyup — and pledged to implement stricter internal control rules.

2025-02-04

Banks report $363M in low-income support issued in 2024

Banks in Korea provided a total of 528 billion won in financial help to low-income earners last year in the form of cash equivalent aid or low-interest loans.

2025-01-31