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Finance
South Korea household debt hits record high near 2,000 trillion won; Q4 loans up 11.1 trillion won
South Korea\'s household credit balance reached a record 1,978.8 trillion won at end-December, up 14.0 trillion won from end-September, the Bank of Korea said on Thursday. Household credit has risen for seven straight quarters, though the quarterly increase narrowed. Excluding sales credit, household loans rose 11.1 trillion won in the fourth quarter. Mortgage lending grew 7.3 trillion won and other loans rose 3.8 trillion won, with stock investment demand cited.
Finance
Shinhan Financial 2025 net profit rises 11.7 percent to 4.97 trillion won
Shinhan Financial Group said its 2025 net profit rose 11.7 percent from a year earlier to 4.97 trillion won. Fourth-quarter net profit fell to 510.6 billion won due to one-off factors including voluntary retirement costs, but recurring profit stayed stable. Interest income rose 2.6 percent to 11.69 trillion won, while group and bank annual net interest margins fell. Key units posted mixed results, including declines at Shinhan Card and Shinhan Life.
Finance
NH Nonghyup Bank to expand financial support for small merchants with regional credit guarantee foundations
NH Nonghyup Bank said on Tuesday it will pursue about 2 trillion won in financial support in cooperation with 17 regional credit guarantee foundations nationwide to help stabilise management for small merchants and self-employed people struggling to raise funds. After signing agreements earlier this year with the foundations in Busan, North Chungcheong, Daejeon and Ulsan, it plans to complete additional agreements with 12 more foundations in February.
