NSP NEWS

Foreign exchange authorities (Bank of Korea and Ministry of Strategy and Finance) and the National Pension Service (NPS) agreed on performing FX swaps within 10 billion dollars (14,105 billion won) limits.

Domestic banks’ default rate on the Korean won loan in late July was reported to be 0.22%, up 0.02%p from the previous month.

Toss Bank, a Korean direct bank, is losing confidence from its customers as it repeatedly reduced various kinds of benefits which had given to clients.

Savings banks' net profit in Korea has decreased by KRW 160.1 billion during the first half of this year compared to the same period last year.

Overseas corporations of Industrial Bank of Korea (IBK) finally succeeded in turning into profit-making in the first half of this year.

A new rumor about Kakao Bank, one of major direct banks in Korea, is spreading in the financial industry - "There's no more innovation at Kakao Bank." Kakao Bank has emphasized that its innovation will get more customers to use its service more.

Lee Seung-heon, Vice-Governor of the Bank of Korea, said, “The depreciation of the won is faster than the fundamentals of the Korean economy.” On September 7, the BOK held an ‘Emergency Market Situation Inspection Meeting’ presided over by Vice-Governor Lee to check the recent domestic and international financial and foreign exchange market conditions.

The Korea Securities Depository(KSD) has been lifted from public institutions.

The Monetary Policy Board of the Bank of Korea decided today to raise the Base Rate by 25 basis points.

Samsung Card issued environment, social, and governance (ESG) bonds worth 100 billion won as a sustainability bond.