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  • Savings Banks’ Earnings, First Quarter 2020

    May 25, 2020

    The aggregate assets of 79 savings banks came to KRW78.1 trillion at the end of March 2020, up KRW1.0 trillion or 1.3% from KRW77.2 trillion at the end of 2019. In particular, loans increased from KRW65.0 trillion to KRW67.0 trillion during the same period. Meanwhile, shareholders’ equity grew KRW0.1 trillion or 1.3% from KRW9.0 trillion to KRW9.2 trillion. Retained gains expanded by KRW98.0 billion compared to the end of 2019, which contributed to the growth in shareholders’ equity.

     
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  • 28 Business Groups Make the 2020 Main Debtor Group List

    May 25, 2020

    The Financial Supervisory Service announced that it selected 28 heavily indebted business groups for 2020. The selection criterion for 2020 was group-wide debt in excess of KRW1.6902 trillion at the end of 2019. The aggregate debt of the 28 main debtor groups at the end of 2019 was KRW244.4 trillion, up KRW6.7 trillion or 2.8% from KRW237.7 trillion for the 30 debtor groups a year earlier. The aggregate debt accounted for 10.3% of the KRW2,381.7 trillion in aggregate loans that financial institutions lent in 2019.

     
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  • Delinquency Rate of Domestic Banks' WD Loans, March 2020

    May 18, 2020

    The delinquency rate of domestic banks’ won denominated (WD) loans classified as the percentage of loans with principal of interest payment past due by at least one month as of end March 2020 stood at 0.39%, down 0.04%p from a month ago and down 0.06%p from a year ago. In March, the amount of resolved loans exceeded that of newly delinquent loans, which contributed to the month on month decrease in the delinquency rate.

     
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  • Bank Earnings, First Quarter 2020

    May 13, 2020

    Domestic banks preliminarily reported net income of KRW3.2 trillion for the first quarter of 2020, down KRW0.7 trillion or 17.8% from the same period a year earlier. When it came to operating income, loan loss expenses particularly grew KRW0.3 trillion from a year ago. Meanwhile, in case of non-operating income, subsidiary-related income decreased by KRW0.4 trillion during the same period.

     
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  • Foreign Investors’ Stock and Bond Investment, April 2020

    May 11, 2020

    Foreign investors sold a net KRW5.3930 trillion of listed stocks but bought a net KRW7.3830 trillion of listed bonds in April 2020. The cumulative holdings of listed stocks came to KRW505.0 trillion in total, 31.5% of total market capitalization. Meanwhile, the bond holdings totaled KRW140.5 trillion, representing 7.3% of total listed bonds.

     
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  • Earnings of Domestic Securities Firms’ Overseas Businesses, 2019

    May 6, 2020

    As of end of 2019, fourteen domestic securities companies were operating in 14 countries through 52 subsidiaries and 15 offices. Most of their overseas businesses were concentrated in Asia with 39 subsidiaries and 14 offices.

     
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  • Issuance of Asset-Backed Securities, First Quarter 2020

    April 29, 2020

    The amount of asset-backed securities (ABS) issued between January and March, 2020, came to KRW22.7 trillion in total, up KRW2.6 trillion or 12.9% from three months earlier and also up KRW12.9 trillion or 131.9% from the same period a year ago. The growth was mostly attributable to a greater issuance of mortgage-backed securities (MBS) by the Korea Housing Finance Corporation (KHFC). Compared to a year ago, the KHFC’s MBS issuance increased by KRW13.1 trillion. Meanwhile, financial companies cut their issuance by KRW1 trillion while non-financial peers’ issuance grew KRW0.8 trillion.

     
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  • Credit-specialized Finance Companies’ Earnings, 2019

    April 29, 2020

    At the end of 2019, there were 107 credit-specialized financial companies (CSFCs) excluding credit card companies, and their aggregate assets increased KRW18.2 trillion or 12.7% to KRW161.7 trillion compared to the same period a year earlier. Inherent business assets grew KRW6.2 trillion to KRW62.2 trillion as assets increased in facility leasing and installment financing. Loan assets also expanded from KRW68.9 trillion to KRW76.7 trillion mainly due to the growth in business loans.

     
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  • Corporate Debt and Equity Issues, March 2020

    April 28, 2020

    Corporate financing through debt and equity issues in March 2020 came to KRW16.1155 trillion in total, down KRW1.0213 trillion from a month earlier. Meanwhile, corporate financing through issuance of commercial paper (CP) and short-term electronic bond in March totaled KRW133.2178 trillion, up KRW6.3969 trillion from the same period a month ago.

     
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  • Insurance Companies’ Risk-based Capital Ratios, December 2019

    April 27, 2020

    The risk-based capital ratios (actual solvency capital divided by the minimum solvency capital required) of domestic insurance companies at the end of December 2019 stood at 269.5%, down 17.4%p from 286.9% three months earlier.

     
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  • Earnings of Insurance Companies’ Overseas Businesses, 2019

    April 21, 2020

    Three life insurance and seven nonlife insurance companies have operated total 34 overseas businesses in 11 countries as of year-end 2019. Most of the overseas businesses were concentrated on the nonlife insurance sector in Asia.

     
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  • Delinquency Rate of Domestic Banks’ WD Loans, February 2020

    April 13, 2020

    The delinquency rate of domestic banks’ won-denominated (WD) loans—classified as the percentage of loans with principal of interest payment past due by at least one month—as of end-February 2020 stood at 0.43%, up 0.02%p from a month ago and down 0.09%p from a year ago. In February, the amount of newly delinquent loans exceeded that of resolved loans, which contributed to the month-on-month increase in the delinquency rate.

     
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  • Foreign Investors’ Stock and Bond Investment, March 2020

    April 13, 2020

    Foreign investors sold a net KRW13.4500 trillion of listed stocks but bought a net KRW3.5810 trillion of listed bonds in March 2020. The cumulative holdings of listed stocks came to KRW468.7 trillion in total, 32.4% of total market capitalization. Meanwhile, the bond holdings totaled KRW133.3 trillion, representing 7.0% of total listed bonds.

     
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  • Preliminary Earnings of Foreign Bank Branches, 2019

    April 9, 2020

    Foreign banks operated 36 branches in Korea at the end of 2019, and the aggregate assets of the branches increased KRW32.4 trillion or 11.8 % to KRW305.2 trillion from the previous year. In particular, the foreign bank branches’ derivative assets soared KRW14.3 trillion. Also, securities and cash and deposits increased KRW7.7 trillion and KRW0.4 trillion, respectively, between 2018 and 2019.

     
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  • Financial Holding Companies Earnings, 2019

    April 6, 2020

    The number of financial holding companies (FHCs) was ten as of year end 2019. Compared to the same period a year ago, the number of subsidiary units increased 34 to 243 and that of offices also increased from 7,204 to 8,622. Accordingly, the number of employees grew by 27.2 % to 154,127 from a year earlier.

     
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