South Korean banks reported 6.7 trillion won in Q1 net profit, down 3.9% year-on-year, as rising market interest rates led to a 35.6% decline in non-interest income despite strong growth in interest income from expanded lending assets and improved net interest margins.
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South Korean Banks' Q1 Net Profit Hits 6.7 Trillion Won as Rising Rates Drag Down Non-Interest Income
South Korean banks reported 6.7 trillion won in Q1 net profit, down 3.9% year-on-year, as rising market interest rates led to a 35.6% decline in non-interest income despite strong growth in interest income from expanded lending assets and improved net interest margins.
South Korean insurers' equity capital surged past 70 trillion won for the first time as rising market interest rates reduced liability valuations under IFRS 17, with life insurers seeing capital increase by over 14 trillion won in January alone amid continued rate hikes through Q1.
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Insurers' Equity Surges as Rising Rates Ease Debt Burden
South Korean insurers' equity capital surged past 70 trillion won for the first time as rising market interest rates reduced liability valuations under IFRS 17, with life insurers seeing capital increase by over 14 trillion won in January alone amid continued rate hikes through Q1.
Bank of Korea Governor nominee Shin Hyun-song states corporate bond funding remains stable in Q1 2026 despite market rate increases, but warns prolonged Middle East crisis and sustained high oil prices could deteriorate corporate funding conditions amid rising rates and performance concerns
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Shin Hyun-song - 'No Major Difficulties in Corporate Bond Funding...But Prolonged Middle East Crisis Could Worsen Conditions'
Bank of Korea Governor nominee Shin Hyun-song states corporate bond funding remains stable in Q1 2026 despite market rate increases, but warns prolonged Middle East crisis and sustained high oil prices could deteriorate corporate funding conditions amid rising rates and performance concerns
Five Major Banks’ Household Loan-Deposit Rate Spread Widens to 1.504%—First Increase in Five Months
South Korea’s five largest banks saw their household loan-deposit rate spread widen to 1.504% in January, the first increase in five months, as rising market rates pushed up lending costs.
[Early-Year Effect] Sharp Decline in Bank Bond Issuance Volume
South Korea’s bank bond issuance volume has dropped sharply in early 2026 as improved liquidity and rising deposits ease funding pressures, supporting a favorable bond market environment.
Rhee Chang-yong Says Rise in Market Interest Rates Is a Natural Part of Policy Transition
Bank of Korea Governor Rhee Chang-yong notes that rising market interest rates are a normal occurrence during shifts in monetary policy, signaling ongoing market adjustments.
SK On Co. has cut its planned public bond issuance by 100 billion won to 200 billion won ($152 million), citing surging market interest rates that have raised corporate funding costs; the company will use the proceeds for facility investment, particularly in its Chinese battery plant.
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SK On Cuts Public Bond Issuance from 300 Billion Won to 200 Billion Won amid Surging Market Rates
SK On Co. has cut its planned public bond issuance by 100 billion won to 200 billion won ($152 million), citing surging market interest rates that have raised corporate funding costs; the company will use the proceeds for facility investment, particularly in its Chinese battery plant.
Korea Housing Finance Corp. canceled its 30-year MBS issuance after receiving zero orders amid surging yields, shifting market focus to the upcoming 30-year Treasury bond auction and concerns over ultra-long-term bond demand.
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Falling Market Rates Drive Down Declared Interest Rates—Will Insurance Premiums Rise Next Year?
South Korean insurers are set to raise premiums next year as falling market rates drive down declared interest rates, impacting product pricing and solvency ratios.
SK Group affiliates are driving a surge in 10-year corporate bond issuances as falling market rates boost investor demand for higher yields, positioning these long-term bonds as attractive safe havens in South Korea's debt market.
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SK's Love Affair with 10-Year Corporate Bonds—A Safe Haven Amid Falling Rates?
SK Group affiliates are driving a surge in 10-year corporate bond issuances as falling market rates boost investor demand for higher yields, positioning these long-term bonds as attractive safe havens in South Korea's debt market.
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