Woori Bank announced on the 21st that it will suspend the provision of new mortgage loans for the purpose of purchasing dwellings located in the Gangnam 3 districts (Gangnam, Seocho, Songpa) and Yongsan starting on the 28th. New loans can only be obtained if all household members are registered as n...
The nationwide Saemaul Geumgo recorded a loss of nearly 1.74 trillion won last year, marking the largest loss in its history. Both profitability and stability have worsened, as indicators of asset soundness show increases in arrears and non-performing loan ratios compared to a year ago. The Ministry...
Recently, employees of the Financial Supervisory Service said they feel boiling anger whenever they see Director Lee Bok-hyeon in the news. This is because the director frequently monitors external schedules and media exposure while ignoring the ‘household management.’ Inside and outside the FSS, th...
On the 20th, financial authorities revealed there is a possibility that Culture Gift Certificate Co., Ltd. continued to operate without registering as a prepaid business, despite being subject to registration, and requested confirmation from the investigative authorities. The Financial Services Comm...
The Korea SOHO Bank (KSB) consortium announced on the 20th that Busan Bank and OK Savings Bank have joined the consortium. Among financial institutions, Woori Bank, NH Nonghyup Bank, Woori Card, and Eugene Investment & Securities are participating in the SOHO Bank consortium. ITCEN and Megazone ...
SC First Bank announced on the 19th that it will suspend housing collateral loans for the purpose of living stabilization funds for multiple homeowners starting on the 26th. SC First Bank had previously suspended loans for the purpose of purchasing dwellings for multiple homeowners as of the 4th. In...
Lee Bok-hyeon, the head of the Financial Supervisory Service (FSS), said on the 19th regarding the assignment of a grade 3 evaluation to Woori Financial Group that "the existing management evaluation score was also close to grade 3 by a margin of 0.1 points." This explanation is seen as a response t...
At the end of last year, the exposure of real estate project financing (PF) fell below 20 trillion won. This is the result of restructuring and reorganization measures taken by the financial sector after the implementation of the financial authorities' normalization soft landing policy for real esta...
Last year, the performance growth of credit card companies stagnated. Non-card lending companies, including capital (installment finance companies, leasing companies, and new technology finance companies), saw a significant decrease in net profit over the past year. The Financial Supervisory Service...
As heavy snow falls across the country, the Korea Meteorological Administration issued heavy snow warnings for various regions from the 17th to the 18th. As of 12:30 a.m. on the 18th, areas under heavy snow warnings include the entire metropolitan area of Seoul, Gyeonggi, and Incheon, as well as Sej...
