Banks’ loan delinquency rate falls in June
SEOUL– The delinquency rate for South Korean banks’ won-denominated loans fell to a record low in June due to a decline in overdue corporate loans, the financial regulator said Thursday.…
August 19, 2021
S. Korea’s overseas financial assets touch new high in Q2
SEOUL– South Korea’s overseas financial assets hit a new high in the second quarter, mainly due to increased stock investments, central bank data showed Thursday. The nation’s external financial assets…
Residents’ FX deposits fall in July
SEOUL– Foreign currency deposits at banks in South Korea fell in July from the previous month as individuals withdrew their FX holdings, central bank data showed Thursday. Outstanding foreign currency-denominated…
SK Telecom’s metaverse platform to go global
SEOUL– SK Telecom Co., South Korea’s largest wireless carrier, said Thursday it will launch its virtual meeting platform ifland in around 80 overseas markets by the end of this year…
Moon to hold summit with Colombian leader in Seoul next week: Cheong Wa Dae
SEOUL– President Moon Jae-in will hold an in-person summit with his Colombian counterpart Ivan Duque next week in Seoul, Cheong Wa Dae announced Thursday. Moon and Duque are scheduled to…
Samsung heir Lee attends trial over alleged fraud, stock manipulation following parole release
SEOUL– Samsung heir Lee Jae-yong made his first public appearance Thursday since his release on parole to attend a trial over a suspected fraud and stock manipulation case. The vice…