Banks boost defenses after AI-linked hacks Major Korean lenders plan to raise cybersecurity spending and hire more staff after customer data leaks exposed vulnerabilities. 2026.10.11
Korean financial groups post record first-half profits as banks lead Ten financial holding companies earned a combined 17.6 trillion ($13.1 billion) won in the first half, driven by strong banking, insurance and investment returns. 2026.10.8
Insurance fraud claims rise 9% in Korea Fraudulent insurance claims reached 620 billion won ($455 million) in the first half as authorities pledged a stronger crackdown. 2026.9.28
Bank loan delinquencies rise as write-offs fall Korea's bank loan delinquency ratio climbed to 0.63 percent in July as write-offs of soured debt dropped sharply. 2026.9.22
Asset management firms’ profits soar to $2B in Q2 on climbing commission Combined profit rose by more than 80 percent with assets under management standing at 2.78 quadrillion won ($2 trillion). 2026.9.11
Financial watchdog conducts raids targeting journalist over alleged stock manipulation The Financial Supervisory Service said it searched the home and pressroom desk of a writer over suspected share-boosting reporting. 2026.9.9
Card firms profit rises 5.6 percent Korea's eight credit card companies earned a combined 1.29 trillion won ($931 million) in the first half as commission income increased. 2026.8.27
Corporate direct financing down in July on decreased debt sales Korean companies raised 26.34 trillion won in July, as a drop in corporate bond sales outweighed a surge in stock issuance. 2026.8.26
Delinquency ratio on bank loans down in June Korea's bank loan delinquency ratio fell to 0.56 percent in June as lenders sharply increased write-offs of soured debt. 2026.8.21
Plan to relocate financial regulators, state-run banks outside Seoul faces backlash The proposal would put distance between regulators and the institutions they oversee while also leading to the mass resignation of skilled professionals. 2026.8.20
