Banks are voicing the necessity of a postponement of the stress buffer capital regulation scheduled to be introduced in the second half of this year. This is because corporate loans have significantly decreased due to the burden of risk-weighted asset (RWA) ratios from exchange rate risks. Financial...
Kbank announced on the 15th that it has introduced 'Equal' as the first internet bank to enhance alternative credit evaluation using communication data. According to Kbank, Equal is an alternative assessment model established by the three major telecommunications companies KT, SK Telecom, and LG Upl...
Banks are halting the sale of mixed-rate products and increasing the proportion of fixed-rate products in accordance with the financial authorities' directive to raise the share of 'pure fixed interest rates.' At the same time, as the interest rate on variable-rate loans rises, even if the base rate...
As concerns over the U.S.-China trade conflict grow, virtual assets are falling across the board on the 11th. Bitcoin has once again fallen below $80,000, and Ripple has dropped more than 3.6%. As of 8:20 a.m. on the 11th, Bitcoin is recorded at $79,569, down 3.97% from 24 hours ago on CoinMarketCap...
Woori Bank announced on the 10th that it will publicly sell a total of seven vacant properties, including its Yeouido North branch located in Seoul. Woori Bank has continuously explored various methods for the efficient management of vacant properties. It plans to select the sales targets through fe...
As major banks continue to lower deposits interest rates, products with rates in the 2% range, and even the 1% range, are emerging. Considering last month's inflation rate of 2.1%, the actual deposits interest rate is effectively at a 'zero' or negative level. According to the financial sector on th...
There is speculation that the removal of former President Yoon Suk-yeol may accelerate the proposed amendments to the banking law that are currently being pushed by the opposition Democratic Party. As most of the pressures directed at the financial sector focus on the disclosure of the loan interest...
BNK Financial Group held a management meeting on the 7th with Chairman Bindaein, managers, and department heads to review domestic and international financial market trends following the U.S. mutual tariff measures, and announced on the 8th that it has activated the Crisis Management Committee for o...
Shinhan Bank has conducted an in-house dating program called 'Super SOLO,' followed by a joint 'I Am Single' event being prepared by KB Kookmin, Hana, and Woori Banks. After conducting the program for the first time last year, Shinhan Bank received applications for its second round in March, buoyed ...
As the impeachment trial date for President Yoon Suk-yeol approaches, local bank branches around the Constitutional Court are also on high alert. With concerns about large-scale rallies and the potential for physical clashes on the day of the trial, some banks appear to have been preparing relevant ...
