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Finance
Savings banks return to profit after two years, but business normalisation still distant
South Korea\'s savings banks returned to profit in 2025 after two straight years of losses, but the turnaround was driven mainly by lower loan-loss provisions and higher securities income rather than a recovery in core business. Lending and interest income declined, and total assets fell. Regulators are seeking to redefine the sector’s role while pursuing regulatory easing alongside tighter discipline, as the industry warns business conditions remain difficult.
Finance
Semiconductors and value-up usher in 6,000 KOSPI era, risk management key task
South Korea\'s KOSPI extended record gains, breaking above 6,300 a day after closing above 6,000 for the first time, with market capitalisation topping 5 quadrillion won. Samsung Electronics and SK Hynix led the advance, alongside autos and brokers. The rally is also linked to value-up measures, legal and tax changes aimed at easing the Korea discount. The article cites overheating indicators, rising short positions and global and domestic risks, underscoring the need for consistent policy and risk management.
Finance
Savings banks special account extended one year; industry steps up soundness drive
South Korea’s Financial Services Commission will extend the operating period of the Deposit Insurance Fund’s special account for savings banks by 1 year, keeping it through end-2027 to handle remaining liabilities. The move follows an industry meeting where all financial sectors agreed to bear additional costs via deposit insurance premiums. Authorities expect a 1-year extension to be sufficient to clear residual debt, while the savings bank sector continues to dispose of non-performing assets and improve soundness.
