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6 days ago | 
pulse.mk.co.kr | Kim Jung-hwan |Choi Ye-bin |Han Yubin
The South Korean government is accelerating corporate governance reform, starting with a measure to expand disclosure requirements to discourage companies from using treasury shares as a tool to defend management control.
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1 week ago | 
pulse.mk.co.kr | Jeon Gyeong-woon |Kim Jung-hwan |Han Yubin
South Korea is accelerating efforts to establish a 100 trillion won ($72.4 billion) national fund, which will be used to redirect capital that has been excessively concentrated in real estate toward cutting-edge strategic industries such as artificial intelligence (AI), semiconductors, and biotechnology.
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2 weeks ago | 
pulse.mk.co.kr | Kim Jung-hwan |Han Yubin
South Korea’s bank deposit interest rates plunged to their lowest level in three years even as loan rates continue rising, tightening the financial squeeze on households already strained by economic uncertainty. The decline follows the Bank of Korea’s decision on May 29th, 2025, to cut the policy rate by 0.25 percentage points, prompting major commercial banks to follow suit with deposit rate cuts.
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3 weeks ago | 
pulse.mk.co.kr | Kim Jung-hwan |Han Yubin
South Korea’s ruling bloc is pushing forward with legislation to separate the budget function from the Ministry of Economy and Finance and to effectively dismantle the Financial Services Commission. Immediately following the launch of the new administration, the government swiftly introduced a bill to reorganize its structure, accelerating the reform of the Economy Ministry – a key campaign pledge of President Lee Jae-myung.
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3 weeks ago | 
pulse.mk.co.kr | Kim Jung-hwan |Lee Yong-an |Han Yubin
Competition is heating up in South Korea’s mobile payment market as financial institutions seek new growth engines in the expanding mobile payment sector. According to multiple sources from the financial industry on Tuesday, Shinhan Card has received approval from the Financial Supervisory Service for its terms of service related to Apple Pay.
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1 month ago | 
pulse.mk.co.kr | Kim Jung-hwan |Han Yubin
The number of depositors to South Korea’s government-backed savings product has topped two million, underscoring strong demand from younger savers, with the product offering an annual interest rate of 9%. The Financial Services Commission and Korea Inclusive Finance Agency said on Sunday that the Youth Leap Account had 2.002 million cumulative depositors as of Thursday, just under two years since its launch in June 2023.
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1 month ago | 
pulse.mk.co.kr | Kim Jung-hwan |Han Yubin
South Korean financial regulators announced plans on Thursday to raise the deposit protection limit from 50 million won to 100 million won ($714) from September 2025 onwards, prompting speculation that the change could trigger a large-scale cash flow from commercial banks to non-banking financial institutions, or a money move.
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1 month ago | 
pulse.mk.co.kr | Park Chang-yeong |Kim Jung-hwan |Han Yubin
South Korea’s five leading non-life insurers will form a management council to jointly acquire assets owned by MG Non-Life Insurance Co.The five insurer are Samsung Fire & Marine Insurance Co., DB Insurance Co., Meritz Fire & Marine Insurance Co., Hyundai Marine & Fire Insurance Co., and KB Insurance Co.According to industry sources on Tuesday, the companies plan to establish a management committee by the end of May for the split acquisition.
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2 months ago | 
pulse.mk.co.kr | Kim Jung-hwan |Han Yubin
South Korean financial regulators will finalize guidelines encouraging commercial banks to support orders for mid-sized shipbuilders in a review committee in early May 2025, financial industry sources said on Monday. The guidelines, jointly prepared by the country’s five major commercial banks- KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, and NH Nonghyup Bank - stipulate that banks would not be held liable for losses if financial support is provided under specific conditions.
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2 months ago | 
pulse.mk.co.kr | Park Chang-yeong |Kim Jung-hwan |Han Yubin
South Korea’s four major commercial banks saw their corporate credit risk double in 2024 from a year ago as the pace of economic recession accelerates. According to data from the Korea Federation of Banks on Wednesday, the counterparty credit risk (CCR) of KB Kookmin, Shinhan, Hana, and Woori, rose to 26.08 trillion won ($19.8 billion) in 2024, up from 12.28 trillion won in 2023.
