Search results for NPL
Finance
Debt collection market overhaul aims to curb \'primitive predatory finance\'
South Korea\'s financial authorities have begun overhauling the private debt collection market after President Lee Jae-myung publicly criticised practices in collecting long-overdue debt. The plan would shift the business of buying and collecting non-performing loans to a licensing system, limit eligible operators to firms majority-owned by financial companies and raise minimum capital requirements. Regulators say the current market structure fuels long-term and excessive collection and is difficult to supervise effectively.
Finance
Woori Financial F&I raises 185 billion won via corporate bonds
Woori Financial Group\'s non-performing loan (NPL) investment specialist Woori Financial F&I said on Monday it raised 185 billion won through a public offering of corporate bonds. The sale was held on May 8. The company increased the deal size from a planned 100 billion won after demand forecasting drew more than 1 trillion won. The bonds have maturities of 1.5, 2 and 3 years.
Finance
Regional financial holdings post mixed Q1 net profit results despite asset growth
BNK, JB and iM financial holding groups posted asset growth in the first quarter, but their profit structures diverged. Combined net profit rose 9.9 percent from a year earlier to 532 billion won. BNK’s profit jumped 26.9 percent, while JB and iM were little changed. Differences emerged in non-interest income, expenses and asset quality indicators. All three saw capital units strengthen their role in earnings and expanded shareholder return policies.
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Finance
KB Financial Q1 net profit 1.8924 trillion won, up 11.5 percent on year
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Finance
Welcome Savings Bank launches co-CEO system with Park Jong-sung and Son Dae-hee, two-track AI shift and IB strengthening
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Finance
Korea\'s three internet-only banks extend CEO terms, face test of growth limits
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Finance
South Korea FSC unveils savings bank development plan, allows mid-sized firm loans
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Finance
Recovery, 5,000 KOSPI feel distant as banks\' unpaid loans snowball amid polarisation
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Finance
Woori Financial posts 2025 net profit of 3.14 trillion won, up 1.8 percent
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Finance
Special debt discharge expansion for vulnerable borrowers raises bank burden, moral hazard debate
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Finance
Ko Young-cheol elected chairman of Korea Credit Union Federation, pledges stronger soundness and internal controls
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Finance
Toss Bank posts 81.4 billion won nine-month profit, up 136.24 percent