S. Korean banks’ household lending grows faster in February
Household lending extended by South Korea’s major banks picked up the pace in February due to the growth in credit loans, market data showed Tuesday. The country’s five major lenders — KB Kookmin, Shinhan, Woori, KEB Hana, and Nonghyup — had 573.91 trillion won (US$509.87 billion) in outstanding household loans as of end-February, up 2.53 […]
North Korea will soon open commercial bank, mobile banking
North Korea seems to be ready to establish its first commercial bank, Korea Development Bank (KDB) researcher Kim Young-hui told The Korea Times, Tuesday. “I think it could happen in the near future, within a year at most,” said Kim, Senior Research Fellow at KDB’s Korean Peninsula New Economy Center. Kim’s forecast is based on […]
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