Search results for CodeK
Finance
K Bank Q3 net profit jumps 119% on growth in loans to sole proprietors
K Bank said third-quarter net profit rose 119% from a year earlier to 42.1 billion won, helped by a larger customer base and growth in loans to sole proprietors. It said outstanding loans topped 20 trillion won for the first time, led by corporate lending. Corporate loan balances rose 89% and made up 17.7% of total loans. The net interest margin rose to 1.60% on a cumulative basis.
Finance
Digital asset cross-industry ties spread as top 4 financial groups post 11 trillion won profit era
Big Tech, financial firms and payment companies in South Korea are widening digital-asset initiatives by teaming up with global blockchain companies. Kakao Group and Toss and Toss Bank are working with Circle to review stablecoin-based payment and settlement infrastructure and tokenised financial services. Banks are developing cross-border remittance and payment models. Separately, the top four financial holding groups posted combined first-half net profit above 11 trillion won, while regulators step up group-level oversight of fintech expansion.
Finance
K Bank offers up to 5 percent rate in CodeK time deposit event
K Bank is offering preferential interest to customers who sign up for its CodeK time deposit, providing a maximum annual rate of 5 percent. It is also running a draw for cash prizes of 1,000,000 won. The bank said the interest coupon event runs until Aug. 20, offering one randomly selected coupon per customer. The 12-month product applies 3.86 to 5 percent if held to maturity.