South Korea
South Korea banks post 6.4% profit drop in H1 2026
South Korea banks post 6.4% profit drop in H1 2026
Interest earnings climbed 8.3% to $23.8b but failed to offset weaker revenue elsewhere.
Citi eyes record Korean capital issuance year
The bank has raised $60b for Korean clients globally year to date.
South Korea digital wallets to bag 46% market share by 2030
But credit card spending is about 10 times higher than debit spending online.
South Korea bank loyalty market to hit $2.6b by 2035
The consumer segment already holds the biggest slice of program revenue.
Citibank Korea hits record Q2 profit of $133m on trading surge
Net income rose 86% on growth in non-interest revenue from core businesses.
Shinhan Bank taps StoneX to cut cross-border payment costs
It will gain access to a network of 385 banks.
Hyundai Card's Alphabet brand unveils 11 cards with 10% category discounts
The cards offer 5% discounts on coffee, convenience stores, and public transportation.
South Korean banks to tighten household lending in Q3: BOK
Banks expect mortgage demand to decrease and corporate loans to rise.
Hyundai Card launches Alphabet Card as a standalone brand
It is a spin-off of its lifestyle credit card brand first launched in 2004.
South Korean SME lending slumps as bad loan write-offs slash June growth
Bank lending to large corporations rose slower in June, central bank data showed.
Mortgage demand lifts Korea’s household loans by $5.05b in June
Unsecured loans rose, whilst leasehold deposit loans declined.
Hyundai Card completes cross-border stablecoin transfer in 7 minutes
The proof of concept converted $20,000 to USDT and back.
Hyundai Card's Apple Pay cards find their home with teens and twenties
Nearly 7 in 10 of new applicants for the card are in this demographic.
South Korean bad loans climb as new delinquencies outpace resolutions
There were more unsecured loans and less resolved loans in April.
Why South Korea cards squeeze cash payments
GlobalData says bank access and merchant acceptance are keeping electronic transactions ahead.
Korean household loan growth triples on Seoul mortgage demand
There was an increase in housing transactions in Seoul.
Hyundai Card debuts Apple Pay debit card
It enables users to pay by tapping their iPhone or Apple Watch.
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