Korea Development Bank Reports Decline in 2025 Net Profit Amid Petrochemical Sector Restructuring
Korea Development Bank’s 2025 net profit fell 15% year-on-year to 1.7 trillion won, as increased credit loss provisions for the petrochemical sector and higher funding costs weighed on earnings.
South Korea’s credit card companies boosted card bond issuance in December despite higher funding costs, aiming to secure liquidity ahead of early-year market volatility, with net issuance reaching 1.82 trillion won ($1.54 billion) and yields rising over 55 basis points since October.
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Card Firms Ramp Up Bond Issuance Despite Rate Pressures—Preemptive Move Ahead of Early-Year Volatility
South Korea’s credit card companies boosted card bond issuance in December despite higher funding costs, aiming to secure liquidity ahead of early-year market volatility, with net issuance reaching 1.82 trillion won ($1.54 billion) and yields rising over 55 basis points since October.
South Korea’s credit card companies are expected to maintain Q4 earnings at last year’s levels, but high funding costs and asset quality concerns will likely limit any major rebound in 2025.
#YonhapInfomax #SamsungCard #NetProfit #FundingCosts #AssetQuality #DelinquencyRates #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=97411South Korean financial institutions face higher funding costs for perpetual bond issuance as surging market yields erode investor appetite, with latecomers like NH Financial Group and IBK under pressure to meet capital requirements before year-end.
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'Rate Cut Hopes Dashed'—Rising Yields Cloud Outlook for Latecomers in Financial Sector Perpetual Bond Issuance
South Korean financial institutions face higher funding costs for perpetual bond issuance as surging market yields erode investor appetite, with latecomers like NH Financial Group and IBK under pressure to meet capital requirements before year-end.
South Korea’s major card issuers are set to see funding costs ease as nearly 10 trillion won in high-yield bonds mature in H2 2025, allowing refinancing at much lower rates amid a falling interest rate environment.
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Card Firms Face Large-Scale Maturities of High-Yield Bonds Issued at Up to 6%—Funding Cost Burden Set to Ease
South Korea’s major card issuers are set to see funding costs ease as nearly 10 trillion won in high-yield bonds mature in H2 2025, allowing refinancing at much lower rates amid a falling interest rate environment.
<Table> Interbank Short-Term Rate Benchmark – Koribor (25th)
South Korea's interbank short-term rates (Koribor) edged up by 0.01 percentage point across most tenors on the 25th, signaling a modest rise in funding costs for local banks.
Woori Financial F&I Co. drew over 1.3 trillion won ($970 million) in demand for its public bond offering, achieving double-digit basis point 'under' pricing and sharply lowering funding costs amid a favorable NPL market and recent credit rating upgrade.
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Lotte Card Q1 Net Profit Down 42.4% to 14.3 Billion Won Due to Homeplus Provisions
Lotte Card reports 42.4% drop in Q1 net profit to 14.3 billion won, impacted by provisions for Homeplus receivables amid rising bad debts and economic uncertainty
Domestic institutions face challenges in basis trades as foreign investors resume large-scale purchases of government bond futures, maintaining overvaluation and complicating profit strategies amid high funding costs.
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Basis Trade Dilemma - Domestic Institutions 'Frustrated' as Foreign Investors Reverse Course
Domestic institutions face challenges in basis trades as foreign investors resume large-scale purchases of government bond futures, maintaining overvaluation and complicating profit strategies amid high funding costs.
Asian Dollar Bond Market at a Standstill... Complex Calculations for Korean Paper Issuance
Asian dollar bond market halts as U.S. Treasury concerns rise, complicating Korean Paper issuance amid increased spreads and funding costs, with state-owned enterprises expected to lead market recovery.
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