South Korea's COFIX mortgage rate benchmark rose 0.08 percentage points to 2.89% in April, rebounding after one month of decline, prompting KB Kookmin Bank to raise variable mortgage rates by 8 basis points to 4.09-5.49% effective May 16th.
#YonhapInfomax #COFIX #MortgageRates #KBKookminBank #VariableRates #KoreaFederationOfBanks #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=120793
Mortgage Loan Variable Rate Rebounds After One Month - April COFIX Up 0.08%p
South Korea's COFIX mortgage rate benchmark rose 0.08 percentage points to 2.89% in April, rebounding after one month of decline, prompting KB Kookmin Bank to raise variable mortgage rates by 8 basis points to 4.09-5.49% effective May 16th.
Woori Bank retains its position as foreign currency custodian for the National Pension Service's 886 trillion won overseas assets, securing a contract for up to five more years following competitive bidding against KB Kookmin Bank.
#YonhapInfomax #WooriBank #NationalPensionService #ForeignCurrencyCustodian #OverseasAssets #KBKookminBank #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=119394
Woori Bank Retains KRW 886 Trillion National Pension Foreign Currency Custody - Set for Up to 5 More Years
Woori Bank retains its position as foreign currency custodian for the National Pension Service's 886 trillion won overseas assets, securing a contract for up to five more years following competitive bidding against KB Kookmin Bank.
KB Kookmin Bank announces 1.53 trillion won mid-rate lending program, supplying 306.8 billion won in Q1 to low-credit borrowers, representing 48% of major banks' total as first response to government's inclusive finance push
#YonhapInfomax #KBKookminBank #MidRateLending #InclusiveFinance #LowCreditBorrowers #FinancialInclusion #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=118810
KB Kookmin Bank Responds to Kim Yong-beom's 'Cruel Finance' Pressure with 1.5 Trillion Won Mid-Rate Lending
KB Kookmin Bank announces 1.53 trillion won mid-rate lending program, supplying 306.8 billion won in Q1 to low-credit borrowers, representing 48% of major banks' total as first response to government's inclusive finance push
South Korea's COFIX, the key benchmark for variable mortgage rates, edged down 0.01 percentage point to 2.81% in March 2026, marking the first decline in a month as banks adjust lending rates following the index's recent volatility between increases and decreases since January.
#YonhapInfomax #COFIX #MortgageRates #KBKookminBank #VariableRates #KoreaFederationOfBanks #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=115691
Mortgage Variable Rates Edge Lower as March COFIX Dips 0.01%p
South Korea's COFIX, the key benchmark for variable mortgage rates, edged down 0.01 percentage point to 2.81% in March 2026, marking the first decline in a month as banks adjust lending rates following the index's recent volatility between increases and decreases since January.
KB Kookmin Bank's Banpo PB center sees surge in investment inquiries as KOSPI rises, with high-net-worth clients viewing market corrections as opportunities while diversifying from real estate into financial assets amid policy changes and reconstruction projects in Seoul's affluent Banpo district
#YonhapInfomax #KBKookminBank #PrivateBanking #HighNetWorthIndividuals #AssetManagement #KOSPIMarket #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=108733
[Financial District People]Jung Eun-young of KB Kookmin Bank's The First Banpo Center - At the Forefront of High-Net-Worth Money Moves
KB Kookmin Bank's Banpo PB center sees surge in investment inquiries as KOSPI rises, with high-net-worth clients viewing market corrections as opportunities while diversifying from real estate into financial assets amid policy changes and reconstruction projects in Seoul's affluent Banpo district
KB Kookmin Bank's Outside Director Nomination Committee recommended Yeon Tae-hoon, senior research fellow at Korea Institute of Finance, as new outside director candidate while reappointing three incumbent directors, with final approval scheduled at the March 25 shareholders' meeting.
#YonhapInfomax #KBKookminBank #OutsideDirector #YeonTaehoon #KoreaInstituteOfFinance #FinancialConsumerProtection #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=108508
KB Kookmin Bank Nominates Yeon Tae-hoon of Korea Institute of Finance as New Outside Director
KB Kookmin Bank's Outside Director Nomination Committee recommended Yeon Tae-hoon, senior research fellow at Korea Institute of Finance, as new outside director candidate while reappointing three incumbent directors, with final approval scheduled at the March 25 shareholders' meeting.
KB Kookmin Bank, South Korea’s leading government bond primary dealer, credits its top performance to proactive pivoting, flexible trading strategies, and the adoption of its in-house ECM Trading System, positioning itself for global investor demand ahead of WGBI inclusion.
#YonhapInfomax #KBKookminBank #PrimaryDealer #ECMTradingSystem #WGBIInclusion #GovernmentBondYields #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=106672
[Excellent PD] KB Kookmin Bank Attributes Success to Proactive Pivoting and Flexible Operations
KB Kookmin Bank, South Korea’s leading government bond primary dealer, credits its top performance to proactive pivoting, flexible trading strategies, and the adoption of its in-house ECM Trading System, positioning itself for global investor demand ahead of WGBI inclusion.
KB Kookmin Bank to Facilitate Interest Rate Reduction Requests for Loans at Other Banks
KB Kookmin Bank will launch a proxy service allowing customers to request interest rate reductions on loans from other banks via MyData, streamlining the process and aiming to lower borrowing costs.
South Korea’s FSS is holding a second sanctions review on banks over alleged misselling of Hong Kong ELS products, maintaining its stance despite a recent court ruling that favored banks, with potential fines totaling around 2 trillion won ($1.5 billion) at stake.
#YonhapInfomax #FinancialSupervisoryService #ELS #SanctionsReview #KBKookminBank #CourtRuling #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=102644
Second Round of Sanctions Review on Banks Over ELS Sales Today—FSS Draws Line from Court Ruling
South Korea’s FSS is holding a second sanctions review on banks over alleged misselling of Hong Kong ELS products, maintaining its stance despite a recent court ruling that favored banks, with potential fines totaling around 2 trillion won ($1.5 billion) at stake.
South Korea’s four largest banks have rejected the Fair Trade Commission’s 2.72 trillion won ($2.05 billion) fine for alleged LTV collusion, vowing immediate legal action and arguing that their practices do not constitute collusion under antitrust law.
#YonhapInfomax #FairTradeCommission #LTV #KBKookminBank #AdministrativeLitigation #272TrillionWonFine #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=101285
Four Major Banks Reject LTV Collusion Allegations—Prepare Immediate Legal Action
South Korea’s four largest banks have rejected the Fair Trade Commission’s 2.72 trillion won ($2.05 billion) fine for alleged LTV collusion, vowing immediate legal action and arguing that their practices do not constitute collusion under antitrust law.
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