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  • Earnings of Insurance Companies' Overseas Businesses, 2020

    April 26, 2021

    Three life insurance and seven nonlife insurance companies have operated total 35 overseas businesses in 11 countries as of year-end 2020. Most of the overseas businesses were concentrated on the nonlife insurance sector in Asia.

     
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  • Insurance Companies' Risk-based Capital Ratios, December 2020

    April 26, 2021

    The risk-based capital ratios (actual solvency capital divided by the minimum solvency capital required) of domestic insurance companies as of end-December 2020 stood at 275.1%, down 8.8%p from 283.9% three months earlier.

     
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  • Corporate Debt and Equity Issues, March 2021

    April 26, 2021

    Corporate financing through debt and equity issued in March 2021 came in at KRW24.4186 trillion in total, KRW4.4520 trillion greater than in the previous month. By contrast, corporate financing through issuance of commercial paper (CP) and short-term electronic bond totaled KRW115.4418 trillion in March, down KRW1.6570 trillion from a month earlier.

     
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  • Delinquency Rate of Domestic Banks' WD Loans, February 2021

    April 22, 2021

    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 2021 stood at 0.33%, up 0.02%p from a month earlier but down 0.10%p from a year earlier. In February 2021, the amount of newly delinquent loans decreased KRW0.3 trillion from a month ago while that of resolved loans remained the same as a month earlier.

     
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  • FSS Holds FSS SPEAKS 2021

    April 20, 2021

    The Financial Supervisory Service holds the FSS SPEAKS 2021, an annual forum for communication and dialogue between foreign financial companies and the FSS, on April 20-21. The annual forum this year adopts a contact-free method—online video conference system, and the FSS is set to live stream the two-day forum on its Youtube and Facebook pages.

     
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  • Earnings of Domestic Securities Firms' Overseas Businesses, 2020

    April 20, 2021

    As of year-end 2020, 13 domestic securities companies were operating 14 countries through 56 subsidiaries and 14 offices. Most of their overseas businesses were concentrated in Asia with 41 subsidiaries and 13 offices.

     
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  • Earnings and Localization of Domestic Banks' Overseas Businesses, 2020

    April 15, 2021

    Domestic banks were operating in 39 countries through 59 subsidiaries, 81 branches and 57 offices as of year end 2020. Most of the overseas operations were concentrated in Asia, accounting for 70.1% of the total, followed by the Americas (13.7%), Europe (12.2%) and other regions including Oceania and Africa (4.1%).

     
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  • Preliminary Earnings of Foreign Bank Branches, 2020

    April 15, 2021

    Foreign banks operated 36 branches in Korea at the end of December 2020, and the aggregate assets of the branches increased KRW24.9 trillion or 8.1% to KRW330.1 trillion from the same period a year ago. In particular, the foreign bank branches’ derivative assets and securities increased by KRW18.7 trillion and KRW14.7 trillion, respectively, year on year.

     
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  • Credit-Specialized Finance Comanies' Earnings, 2020

    April 13, 2021

    As of year end 2020, there were 112 credit specialized financial companies (CSFCs) excluding credit card companies. The CSFCs’ aggregate assets came in at KRW181.1 trillion at the end of December 2020, up KRW19.4 trillion or 12.0 % from the same period a year ago. Inherent business assets grew KRW5.1 trillion to KRW67.3 trillion as assets increased in facility leasing and installment financing. Loan assets also increased KRW9.1 trillion to KRW85.8 trillion mainly due to the growth of business loans.

     
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  • Issuance of Asset-Backed Securities, First Quarter 2021

    April 13, 2021

    The amount of asset backed securities (ABS) issued in first quarter 2021 came in at KRW13.7 trillion in total, down KRW9.0 trillion or 39.7 % from KRW22.7 trillion a year earlier. The Korea Housing Finance Corporation (KHFC) shrank mortgage backed securities (MBS) by KRW8.8 trillion from the same period a year ago, which mostly contributed to the year on year decrease in the ABS issuance. Meanwhile, financial companies’ issuance increased by KRW0.1 trillion from a year earlier, but non-financial companies cut their issuance by KRW0.3 trillion.

     
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  • Foreign Investors' Stock and Bond Investment, March 2021

    April 12, 2021

    Foreign investors sold a net KRW3.5140 trillion of listed stocks and bought a net KRW9.1240 trillion of listed bonds in March 2021. The cumulative holdings of listed stocks came in at KRW805.3 trillion in total, 31.1% of total market capitalization. Meanwhile, the bond holdings totaled KRW170.9 trillion, representing 8.1% of total listed bonds.

     
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  • Financial Holding Companies Earnings, 2020

    April 6, 2021

    The number of domestic financial holding companies (FHCs) was ten as of year-end 2020. Compared to the same period a year ago, the number of subsidiary units increased from 243 to 264, and that of offices also increased by 705 from 8,620 to 9,325. Accordingly, the number of employees expanded by 13.7% to 175,319 from a year earlier.

     
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  • Savings Banks’ Earnings, 2020

    March 30, 2021

    The aggregate assets of 79 savings banks came to KRW92.0 trillion at the end of December 2020, up KRW14.8 trillion or 19.2% from KRW77.2 trillion a year earlier. In particular, loans increased by KRW12.6 trillion or 19.4% from KRW65.0 trillion to KRW77.6 trillion year on year. Meanwhile, shareholders’ equity expanded KRW1.4 trillion or 15.2% from 9.0 trillion to KRW10.4 trillion. Retained gains grew KRW1.2 trillion, which contributed to the growth in shareholders’ equity.

     
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  • Credit Card Companies' Earnings, 2020

    March 29, 2021

    As of year-end 2020, the number of credit cards issued by credit card companies (CCCs) and banks came to KRW113.73 million, 2.5% greater than the same period a year ago. When it came to check (debit) cards, the cumulative number of issued cards came to 110.07 million in total, 0.8% less than in the previous year.

     
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  • Corporate Debt and Equity Issues, February 2021

    March 29, 2021

    Corporate financing through debt and equity issues in February 2021 came in at KRW19.9666 trillion in total, up KRW4.4943 trillion from a month earlier. Meanwhile, corporate financing through issuance of commercial paper (CP) and short-term electronic bond totaled KRW117.0988 trillion in February, up KRW8.9212 trillion from a month ago.

     
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