Mutual Finance Associations to Cap PF Loan Exposure at 20%—Capital Ratio Raised to 7%
South Korea’s mutual finance associations will face stricter capital requirements and a 20% cap on project finance loans, as regulators move to bolster sector stability and risk controls.
Noh Dong-jin, Chairman of the National Federation of Fisheries Cooperatives, has been appointed as the next head of the Korea Cooperative Council, pledging joint action to strengthen cooperative mutual finance amid challenging conditions.
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Noh Dong-jin, Head of National Federation of Fisheries Cooperatives, Appointed as Next Chairman of Korea Cooperative Council
Noh Dong-jin, Chairman of the National Federation of Fisheries Cooperatives, has been appointed as the next head of the Korea Cooperative Council, pledging joint action to strengthen cooperative mutual finance amid challenging conditions.
South Korea’s Saemaul Geumgo is considering raising its deposit protection reserve after the national insurance limit was doubled to KRW 100 million, as deposit inflows slow and its reserve ratio lags behind peers.
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Deposit Insurance Limit Raised to KRW 100 Million, but Money Moves Slow—Will Saemaul Geumgo Boost Its Reserve Fund?
South Korea’s Saemaul Geumgo is considering raising its deposit protection reserve after the national insurance limit was doubled to KRW 100 million, as deposit inflows slow and its reserve ratio lags behind peers.
Lee Chan-jin Urges Mutual Finance Sector to Resolve Troubled PF Loans for a 'Fresh Start' Next Year (Comprehensive)
FSS Governor Lee Chan-jin has urged South Korea’s mutual finance sector to swiftly resolve troubled real estate PF loans and strengthen consumer protection, aiming for a sector-wide reset in 2025.
FSS to Enhance Loan Rate Change Notifications for Savings Banks and Mutual Finance
FSS to enhance loan rate change notifications for savings banks and mutual finance, improving transparency and consumer protection in financial services.
FSS to conduct comprehensive inspections of PF lending and household debt management in savings banks and mutual finance institutions, aiming to strengthen risk management amid economic uncertainties.
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