South Korea’s credit card sector saw a major shake-up as Hyundai Card surged to third place by net profit, while Samsung Card extended its lead and Shinhan Card posted record-low earnings amid industry-wide profit declines and improved asset quality.
#YonhapInfomax #HyundaiCard #SamsungCard #NetProfit #DelinquencyRate #CreditCardIndustry #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=104461
Hyundai Card Jumps to Third Place Amid Samsung Card’s Lead—Major Shake-Up in Card Company Earnings
South Korea’s credit card sector saw a major shake-up as Hyundai Card surged to third place by net profit, while Samsung Card extended its lead and Shinhan Card posted record-low earnings amid industry-wide profit declines and improved asset quality.
South Korea’s domestic banks saw their won-denominated loan delinquency rate edge up to 0.60% at end-November 2025, despite a drop in new delinquencies and increased resolution of overdue assets, according to the Financial Supervisory Service.
#YonhapInfomax #DelinquencyRate #FinancialSupervisoryService #DomesticBanks #CorporateLoans #HouseholdLoans #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=102308
Domestic Banks’ Delinquency Rate Rises to 0.60% in November 2025—Up 0.02 Percentage Points from Previous Month
South Korea’s domestic banks saw their won-denominated loan delinquency rate edge up to 0.60% at end-November 2025, despite a drop in new delinquencies and increased resolution of overdue assets, according to the Financial Supervisory Service.
South Korea’s savings banks have cleared 2.41 trillion won ($1.85 billion) in project financing bad loans via a joint fund, sharply reducing sector risk, while general NPLs saw gradual improvement and delinquency rates fell, signaling progress toward regulatory targets.
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Savings Banks Clear 2.4 Trillion Won in PF Bad Loans Through Joint Fund
South Korea’s savings banks have cleared 2.41 trillion won ($1.85 billion) in project financing bad loans via a joint fund, sharply reducing sector risk, while general NPLs saw gradual improvement and delinquency rates fell, signaling progress toward regulatory targets.
South Korean banks’ won-denominated loan delinquency rate rose to 0.58% in October, driven by a sharp drop in resolved bad loans and increased new delinquencies, with the Financial Supervisory Service warning of further risks in SME and regional real estate sectors.
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South Korean Banks’ Won-Denominated Loan Delinquency Rate Rises to 0.58% in October
South Korean banks’ won-denominated loan delinquency rate rose to 0.58% in October, driven by a sharp drop in resolved bad loans and increased new delinquencies, with the Financial Supervisory Service warning of further risks in SME and regional real estate sectors.
South Korean Banks’ Won-Denominated Loan Delinquency Rate Falls to 0.51% at End-September, Down 0.10 Percentage Points from Previous Month
South Korea’s bank won-denominated loan delinquency rate fell to 0.51% at end-September, as new delinquencies declined and banks resolved more overdue assets, according to FSS data.
Insurance Firms' Loan Balances Drop by 4 Trillion Won at End-September—Household Loan Delinquency Rate Rises
South Korean insurance companies’ loan balances fell by 4 trillion won in Q3 2025, but household loan delinquency rates rose, signaling asset quality concerns.
Toss, a leading South Korean fintech, will provide financial education to 10,000 vulnerable individuals by 2028, addressing rising BNPL delinquencies and low digital financial literacy.
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Toss Launches Initiative to Bridge 'Financial Literacy Gap'—Aims to Educate 10,000 by 2028
Toss, a leading South Korean fintech, will provide financial education to 10,000 vulnerable individuals by 2028, addressing rising BNPL delinquencies and low digital financial literacy.
South Korea's savings banks posted a cumulative net profit of 422.1 billion won in Q3, marking a third straight quarterly surplus as asset quality and capital ratios improved despite ongoing provisioning and market uncertainties.
#YonhapInfomax #SavingsBanks #NetProfit #LoanLossProvisions #DelinquencyRate #KoreaFederationOfSavingsBanks #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=90655Industrial Bank of Korea’s delinquency rate has surpassed 1% for the first time since the global financial crisis, with non-performing loan sales projected to exceed 1.7 trillion won ($1.27 billion) in 2024, reflecting mounting SME distress amid high interest rates and weak demand.
#YonhapInfomax #IndustrialBankOfKorea #DelinquencyRate #NonPerformingLoans #SMEs #HighInterestRates #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=89962
IBK’s Delinquency Rate Tops 1% as Non-Performing Loan Sales Set to Exceed 1.7 Trillion Won in 2024
Industrial Bank of Korea’s delinquency rate has surpassed 1% for the first time since the global financial crisis, with non-performing loan sales projected to exceed 1.7 trillion won ($1.27 billion) in 2024, reflecting mounting SME distress amid high interest rates and weak demand.
South Korean Banks’ Won-Denominated Loan Delinquency Rate Rises to 0.61% at End-August
South Korean banks’ won-denominated loan delinquency rate rose to 0.61% at end-August, as new delinquencies outpaced resolutions, with increases seen across corporate and household loans, according to FSS data.
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