A Hana Bank employee shows stacks of $100 bills at its forgery detection center in Jung District, central Seoul, on Feb. 18.
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.
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.
Woori Bank has joined the move to lower household loan rate margins on the back of mounting pressure by financial authorities.
Shinhan Bank and Standard Chartered's local unit, SC First Bank, will lower their interest rates for mortgage loans as lender sentiment toward loans softens.
Korean banks' bad loan increases remained almost flat in the third quarter, data showed Friday.
A public policy should be consistent, constant and foreseeable. But the government’s loan policy has failed in all of these areas.
A person walks past a bank of ATM booths in Yongsan District, central Seoul on Thursday.
Banks in Korea are expected to tighten their stances on extending loans in the third quarter of the year, a central bank survey showed Wednesday.
Korea JoongAng Daily Sitemap
