S. KOREA’S 5 MAJOR BANKS REPORTS RISE IN MORTGAGE LOANS IN MARCH

Highlights –

• S. Korea’s 5 major banks reports rise in mortgage loans in March.
• The combined mortgage loans from the 5 banks were more than 3 trillion won range.
• The banks’ outstanding unsecured loans came to 135.4 trillion...

S. KOREA FSS REPORTS CREDIT CARD FIRMS COMBINED EARNINGS TO RISE 23.1%

Highlights –

• S. Korea FSS reports credit card firms combined earnings to rise 23.1%.
• The combined net profit of eight card issuers came to $1.8 billion in 2021.
• The increase was attributed to combination of earnings from card loans an...

LENDERS KB KOOKMIN AND HANA WITNESS BOOMING PROFITS DESPITE PANDEMIC

• Though there were plenty of border restrictions placed during the COVID-19 pandemic, South Korea’s major lenders KB Kookmin and Hana registered buoyant sales figures overseas in the first-half of the year, attracted by their performance in Southeast Asia.
• Overall, the com...

SHINHAN CARD TO BUY HYUNDAI’S ASSETS FOR RENTAL CARD BUSINESS

Highlights:

• Hyundai Capital’s assets will be bought by Shinhan Card.
• The assets will be related to long-term car rental services which will be worth 500 billion won which is equivalent to $417.3 million.
• The companies signed the deal ...