News
Banks move to rein in credit loans amid surge in leveraged stock buying
2+ hour, 5+ min ago (300+ words) SEOUL, June 12 (Yonhap) -- Banks are fast moving to rein in a surge in credit loans as customers have borrowed money to buy stocks, financial sources said Friday. According to various sources, Hana, Shinhan and other major lenders have tightened criteria…...
Credit card loans up for 3rd month, hit all-time high in March
1+ mon, 3+ week ago (159+ words) SEOUL, April 21 (Yonhap) -- Outstanding credit card loans have risen for three consecutive months to reach an all-time high in March amid the economic slowdown and high inflation, data showed Tuesday. Outstanding loans extended by nine major credit card firms amounted…...
Hyundai Rotem's credit rating upgraded to AA- by domestic rating appraisal firms
1+ mon, 3+ week ago (165+ words) SEOUL, April 20 (Yonhap) -- Hyundai Rotem Co. , the defense systems manufacturing arm of Hyundai Motor Group, said Monday its credit rating has been raised by all three major domestic appraisal agencies, citing the company's improved profitability and financial stability. According to…...
Major banks' household loans fall again in March amid tough curbs
2+ mon, 1+ week ago (179+ words) SEOUL, April 1 (Yonhap) -- Household loans by major banks fell again in March amid continued strict regulations, industry data showed on Wednesday. Outstanding household loans from the country's five major banks -- KB Kookmin, Woori, Hana, Shinhan and NH Nonghyup -- stood at…...
[PRNewswire] Indonesia's P2 P Lending Grows 25%
2+ mon, 2+ week ago (435+ words) -- JULO Strengthens Credit Quality JAKARTA, Indonesia March 26, 2026 /PRNewswire=YONHAP/ -- Indonesia's fintech lending (P2 P lending) industry continues to demonstrate strong growth. Data from the Financial Services Authority (OJK) shows that outstanding loans from fintech lending reached IDR 98. 54 trillion as of January…...
Credit card industry's 2025 net dips 9 pct on cost increases
2+ mon, 3+ week ago (208+ words) SEOUL, March 19 (Yonhap) -- Credit card companies in South Korea saw their combined net profit fall 9 percent last year from a year earlier, due to a fall in commission income and increased financial costs, data showed Thursday. The combined net profit…...