The Financial Services Commission will soon release its banking sector competition assessment, paving the way for a potential fourth internet-only bank as authorities seek to address market concentration and boost competition, especially in SME lending.
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Banking Sector Competition Assessment Results Imminent—Will the Fourth Internet-Only Bank Gain Momentum
The Financial Services Commission will soon release its banking sector competition assessment, paving the way for a potential fourth internet-only bank as authorities seek to address market concentration and boost competition, especially in SME lending.
Preliminary Licenses Denied for All Four Fourth Internet-Only Bank Applicants Including Soho Bank
The Financial Services Commission (FSC) has denied preliminary licenses to all four applicants seeking to become South Korea’s fourth internet-only bank, citing unsuitability after external evaluation.
The Financial Services Commission is expected to announce next week that all four consortiums vying for South Korea’s fourth internet-only bank license will be denied preliminary approval, citing insufficient innovation and inclusiveness, amid regulatory uncertainty and industry skepticism.
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Will All Fourth Internet-Only Bank Consortiums Be Rejected—FSC to Announce Screening Results Next Week
The Financial Services Commission is expected to announce next week that all four consortiums vying for South Korea’s fourth internet-only bank license will be denied preliminary approval, citing insufficient innovation and inclusiveness, amid regulatory uncertainty and industry skepticism.
South Korea's second-tier lenders are relieved as President-elect Lee Jae-myung omits a pledge to lower the legal lending rate cap, focusing instead on expanding low-interest refinancing and mid-rate loan support for small businesses.
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[Lee Jae-myung Administration] Legal Cap on Lending Rates Unlikely to Be Lowered—Second-Tier Lenders Breathe Sigh of Relief
South Korea's second-tier lenders are relieved as President-elect Lee Jae-myung omits a pledge to lower the legal lending rate cap, focusing instead on expanding low-interest refinancing and mid-rate loan support for small businesses.
Woori Bank Pushes Ahead with Fourth Internet-Only Bank Bid Despite Capital Ratio Concerns
Woori Bank joins fourth internet-only bank bid despite capital concerns, seen as strategic move to boost Woori Card's position amid fierce competition in financial sector
Korea SOHO Bank - 'Initial Capital of 300 Billion Won, Targeting Over 20% Non-Interest Income'
Korea SOHO Bank consortium announces plans for initial 300 billion won capital, targeting over 20% non-interest income and profitability in fourth year of operations
Four Consortia Vie for Fourth Internet-Only Bank License, Results Due in June
Four consortia apply for South Korea's fourth internet-only bank license, with Korea SOHO Bank emerging as frontrunner; FSC to announce results in June
Busan Bank Joins Korea SOHO Bank Consortium in Bid for Fourth Internet-Only Bank License
BNK Busan Bank joins Korea SOHO Bank consortium in bid for fourth internet-only bank license, strengthening the consortium's position as a leading candidate amid competition withdrawal from major contenders.
NH Nonghyup Bank Joins Fourth Internet-Only Bank Race, Enters SOHO Bank Consortium
NH Nonghyup Bank joins Korea SOHO Bank consortium for fourth internet-only bank license, alongside Woori Bank, as part of digital banking strategy
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