Search results for The Credit
Finance
Woori Bank shakes off first-half slump, posts record third-quarter net profit
Woori Bank rebounded from weak first-half results, posting a record quarterly net profit of 1.03 trillion won in the third quarter, up 22 percent from the previous quarter. Nine-month net profit rose 4.7 percent from a year earlier to 2.40 trillion won. Higher interest income from expanded corporate lending, stronger non-interest income and lower loan-loss provisions supported results. Its net interest margin fell and delinquency indicators worsened.
Finance
KOSPI slumps 3.73% on foreign and institutional selling, Kosdaq falls below 800
South Korea\'s KOSPI slid 3.73% to close at 5,552.74, pressured by net selling from foreign investors and institutions. Most top market-cap stocks fell, including Samsung Electronics and SK Hynix. The Kosdaq also dropped 3.33% to 781.97, breaking below the 800 level. The won strengthened, with the dollar-won exchange rate ending at 1,327.90, down 5.60 won from the previous session.
Industry
Solar cell domestic production tax credit pushed; Hanwha Solutions says no effect without direct pay
South Korea\'s solar industry is urging the government to add direct pay to a planned domestic production tax credit, saying loss-making companies cannot benefit without a refund mechanism. Hanwha Solutions said the domestic solar cell manufacturing base is disappearing, with local cell market share falling sharply since 2021. The government plan caps credits and does not include direct pay or transferability. The company said direct pay is needed due to high upfront and operating costs at cell plants.
-
Finance
FSS raises whistleblower rewards to 1 billion won at savings banks, mutual finance
-
Finance
South Korea weighs undercover operations against illegal private lending, rewards tip-offs on online ads
-
Finance
Brokerage industry tightens margin loan controls, cuts investment bank credit limit to 90 percent of capital
-
Telecommunications & Media
Free video calls during Chuseok holiday as telecom capacity expanded and overdue bill curbs eased
-
Finance
FSC to urgently check payment gateway security risks, including indirect attacks via merchants
-
Finance
KB Kookmin Bank, credit guarantee body launch one-stop non-face-to-face guaranteed loan service
-
Finance
Digital asset institutionalisation picks up pace as big platforms clash over entry into online lending industry
-
Finance
KakaoPay launches credit management for sole proprietors, adds pre-check on loan approval odds
-
Industry
Semiconductor export boom swells Korea budget, setting up September parliamentary clash
-
Finance
Cucon builds face-to-face financial MyData for Credit Recovery Commission, first in public sector
-
Finance
Financial Services Commission, Gangwon Do and Shinhan Bank to set up Gangwon comprehensive support center
-
Finance
Banks vary in how they use SCB to assess small business loans
-
Finance
Hana Bank, Credit Guarantee Foundation Federation to fully digitise small business guaranteed loans
-
Finance
MyData market expands as Korea faces impact of consecutive base rate hikes
-
Finance
Outsider loan fraud hidden as \'normal loans\' piles up, raising questions over banks\' defences