Korean banking groups maintained solid capital adequacy despite significant payouts for consumer compensation due to misselling equity-linked securities tracking a Hong Kong index. Industry sources reported that the average capital adequacy ratio, or Common Equity Tier 1, among five major Korean financial groups KB, Shinhan, Hana, Woori, and NongHyup was 12.8 percent in the first quarter of this year, a slight .
The Financial Supervisory Service (FSS) will soon launch regular inspections into the governance of NongHyup Financial Group as its majority stakeholder, the National Agricultural Cooperative Federation (NACF), better known as NongHyup, has been accused of impeding proper internal controls within its financial subsidiaries, according to industry officials, Sunday.
Financial holding firms combined net profit edges up in 2023 – The Korea Times koreatimesus.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimesus.com Daily Mail and Mail on Sunday newspapers.
Korean financial holding companies combined net profit rose 0.4 percent in 2023 from a year earlier, helped by high interest rates, the financial regulator said Tuesday.