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  • Savings Banks’ Earnings, First Quarter 2019

    June 12, 2019

    The aggregate assets of 79 savings banks came to KRW70.2 trillion in total at the end of March 2019, up KRW0.7 trillion or 0.9% from KRW69.5 trillion at the end of 2018. The uptick was mainly because cash/deposits and loans increased KRW0.5 trillion and KRW0.4 trillion, respectively. Shareholders’ equity also grew KRW121.1 billion or 1.6% from KRW7.8 trillion three months earlier. Retained gains have risen by KRW89.8 billion and secondary offerings have increased KRW20.0 billion since the end of 2018, which contributed to the growth.

     
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  • Foreign Investors’ Stock and Bond Investment, May 2019

    June 10, 2019

    Foreign investors sold a net KRW2.9170 trillion of listed stocks but bought a net KRW7.0760 trillion of listed bonds in May, 2019. The cumulative holdings of listed stocks came to KRW532.4 trillion, 32.3% of total market capitalization. Meanwhile, the bond holdings came to KRW119.2 trillion, representing 6.7% of total listed bonds.

     
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  • 30 Business Groups Make the 2019 Main Debtor Group List

    June 4, 2019

    The Financial Supervisory Service announced that it selected 30 heavily indebted business groups for 2019. The selection criterion for 2019 was group-wide debt in excess of KRW1.5745 trillion at the end of 2018. The aggregate debt of the 30 main debtor groups at the end of 2018 was KRW237.7 trillion, down KRW2.9 trillion or 1.2% from KRW240.6 trillion for 31 debtor groups a year earlier. The aggregate debt accounted for 10.5% of the KRW2,253.3 trillion in aggregate loans that financial institutions lent in 2018. The main creditor banks plan to evaluate the financial stability of the selected 30 groups within the first half of 2019. According to the evaluation results, the banks will sign a restructuring and turnaround agreement with financially vulnerable groups.

     
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  • Capital Ratios of Banks and Bank Holding Companies, March 2019

    June 3, 2019

    Domestic banks’ total capital ratio stood at 15.40% as of end-March 2019. In addition, the Tier 1 capital ratio increased 0.08%p to 13.33% compared with three months ago, and the common equity Tier 1 (CET1) capital ratio was also up 0.08%p to 12.74%. Meanwhile, the leverage ratio was seen at 6.53% at the end of March 2019, down 0.06%p from the end of December 2018.

     
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  • Corporate Debt and Equity Issues, April 2019

    May 30, 2019

    Corporate financing through debt and equity issues in April 2019 totaled KRW19.7432 trillion, up KRW5.0990 trillion from a month earlier. In addition, corporate financing through issuance of commercial paper (CP) and short-term electronic bond in April jumped KRW23.1862 trillion to KRW134.3170 trillion.

     
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  • Asset Management Companies’ Earnings, First Quarter 2019

    May 28, 2019

    Assets under management (AUM)—sum of fund assets and assets under discretionary management—by 250 asset management companies came to KRW1,053.9 trillion at the end of March 2019, up KRW35.2 trillion or 3.5% from KRW1,018.7 trillion three months earlier.

     
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  • Domestic Banks’ SBLs, First Quarter 2019

    May 28, 2019

    Preliminary figures on bank loans classified as substandard or below (SBLs) for the first quarter 2019 showed that the ratio stood at 0.98%, up 0.01%p from 0.97% three months earlier but down 0.20%p from 1.18% a year earlier.

     
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  • Preliminary Earnings of Insurance Companies, First Quarter 2019

    May 27, 2019

    Insurance companies’ preliminary net income for the January-to-March quarter came to KRW1.9829 trillion, down KRW130.1 billion or 6.2% from KRW2.1130 trillion a year earlier. For the first quarter, net income for life insurance companies increased KRW31.9 billion or 2.6% to KRW1.2640 trillion. By contrast, nonlife insurance peers’ net income declined KRW162.0 billion or 18.4% to KRW718.9 billion.

     
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  • Earnings of Financial Companies’ Overseas Businesses, 2018

    May 23, 2019

    At the end of 2018, domestic financial companies operated 437 overseas businesses in 43 countries. While nine were closed, fifteen were newly established mostly in ASEAN countries including Cambodia, Myanmar, Vietnam and Indonesia.

     
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  • FSS Held 2019 Busan Financial Hub Convention on International Marine Finance

    May 17, 2019

    The Financial Supervisory Service held the 2019 Busan Financial Hub Convention on International Marine Finance jointly with Busan Metropolitan City at the Westin Chosun Busan on May 17, 2019, with aims to discuss how the shipbuilding and shipping industries would respond to changes in regulations on the global marine environment and talk about the role of ship finance.

     
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  • Delinquency Rate of Domestic Banks’ WD Loans, March 2019

    May 16, 2019

    The delinquency rate of domestic banks’ won-denominated (WD) loans—calculated as the percentage of loans with principal or interest payment past due by at least one month—as of end-March 2019 was seen at 0.46%, down 0.06%p from 0.52% a month earlier but up 0.04%p from 0.42% a year earlier. In March 2019, the amount of resolved loans exceeded that of newly delinquent loans, which resulted in the month-on-month decline in the delinquency rate.

     
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  • Bank Earnings, First Quarter 2019

    May 14, 2019

    Domestic banks preliminarily reported net income of KRW3.8 trillion for the first quarter of 2019, a decrease of KRW0.6 trillion compared to the same period a year earlier. A breakdown of net income showed that interest income grew KRW0.4 trillion and non-interest income remained similar to the previous year. However, one-off factors including declining subsidiaries-related income contributed to decreasing the domestic banks’ net income. Meanwhile, selling and administrative expenses expanded KRW0.5 trillion from a year earlier while loan loss expenses and income tax expenses were reduced KRW0.1 trillion and KRW0.2 trillion, respectively.

     
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  • Foreign Investors’ Stock and Bond Investment, April 2019

    May 13, 2019

    Foreign investors bought a net KRW2.5750 trillion of listed stocks and a net KRW526.0 billion of listed bonds in April, 2019. The cumulative holdings of listed stocks came to KRW575.9 trillion, 32.4% of total market capitalization. Meanwhile, the bond holdings came to KRW112.0 trillion, representing 6.3% of total listed bonds.

     
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  • Financial Hub Seoul Conference for Investor Relations in London and Edinburgh

    May 7, 2019

    Financial Hub Korea (Fn Hub Korea) of the Financial Supervisory Service and the Seoul Metropolitan Government (SMG) jointly held the Financial Hub Seoul Conference in London on May 3 to promote Seoul as a financial hub and to attract foreign financial companies into the city. Around 130 participants from UK-based financial companies, fintech firms and the UK government attended the investor relations meeting. In addition, speakers included Lord Mayor Peter Estlin of the City of London, Seoul Mayor Park Won-soon and Enna Park, Ambassador of the Republic of Korea in the UK.

     
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  • Issuance of Asset-Backed Securities, First Quarter 2019

    April 29, 2019

    The amount of asset-backed securities (ABS) issued in the first quarter of 2019 came to KRW9.8 trillion, down KRW0.6 trillion or 5.8% from KRW10.4 trillion a year earlier. Mortgage-backed securities (MBS) issuance by the Korea Housing Finance Corporation (KHFC) came to KRW4.8 trillion (49.0% of total ABS issuance). Issuance by financial companies and non-financial companies came to KRW3.1 trillion and KRW1.9 trillion, respectively, at the end of March 2019.

     
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