Credit card revolving services charge high interest rates, lead to poor credit scores for consumers, and raise the risk of delinquency.
September 1, 2022The BOK is concerned that growing financial risks, household debt, and higher inflation could spark a new crisis.
July 2, 2021Following talks with FSC Chairman Eun Sung-soo, five major banking groups agreed to extend the loan deferment programme until September.
February 18, 2021The bill is aimed at helping delinquent debtors get back on their feet by limiting debt collection activities and requiring lenders to offer restructuring opportunities.
March 4, 2020Bankers can be disqualified and placed on a watchlist for causing undue injury, material loss or damage to a bank, or for exposing it to higher risk or danger.
January 7, 2020Significant variations in reporting practices in some cases do not meet the disclosure objective of IFRS 9, Moody's says, describing HSBC Hong Kong and Hang Seng Bank as best in class.
August 13, 2019