11. 09
(Mon)
All articles list
742 articles-
Mid-credit borrowers squeezed as regional and internet banks raise loan thresholds
Average credit scores for new household loans at Korean banks rose for a sixth straight month in September, as regional and internet-only banks sharply raised thresholds and focused on prime borrowers, deepening exclusion of mid-to-low credit borrowers.
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Shipping boom defies forecasts, but normalization will split fortunes by vessel type
Geopolitical conflicts have driven an unexpected shipping boom, but analysts warn that route normalization and newbuild deliveries will create sharp supply-demand divergences by vessel type, with container ships most at risk.
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NH NongHyup Bank weaves 10,000 alternative data points into credit model
NH NongHyup Bank has introduced a credit scoring model using over 10,000 non-financial alternative data points to extend loans to thin-filers, but must prove the model can control delinquency risk.
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Card loan rates fall to 13% but high-rate borrowers near 20% surge
Card loan average rates fell to 13% but the share of borrowers paying near the 20% legal maximum rose to 25.9%, as benefits concentrated on prime borrowers and card companies imposed high add-on rates on vulnerable borrowers pushed from banks.
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Bank loan rates surge despite base rate freeze, hitting vulnerable borrowers
Bank lending rates are surging despite the Bank of Korea's base rate freeze, with mortgage rates at a 14-year high and delinquency rates at a near 10-year high, hitting vulnerable borrowers hardest and raising concerns about a broader credit crisis.
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CD rates spike as banks defend liquidity, hitting marginal SMEs
Korean banks' heavy CD issuance to meet year-end liquidity rules is driving short-term rates up while long-term rates fall, squeezing SMEs with floating-rate loans and raising default risks.
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K-water eyes 318 billion won order, expands Philippine partnership
Maynilad is expanding its partnership with K-water beyond the New Clark City project to develop water infrastructure across the Philippines, with the 15 billion peso project likely to be secured by year-end as the sole bidder.
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Doosan Bobcat wins German government emergency generator procurement, expanding European presence
Doosan Bobcat won a German government contract to supply emergency generators and power equipment for humanitarian aid, marking a key public procurement win in Europe for its portable power business.
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Indonesia building 10GW nuclear power visits Doosan Enerbility Changwon plant
An Indonesian National Energy Council delegation visited Doosan Enerbility's Changwon plant to inspect nuclear manufacturing capabilities as Indonesia pursues 10GW of nuclear power by 2040, raising hopes for Korean firms' entry into Southeast Asia.
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Paris Baguette opens first US drive-thru, eyes 1,000 stores
Paris Baguette opened its first US drive-thru store in Moore, Oklahoma, as part of its North American expansion. The company aims to reach 1,000 stores in the region by 2030.
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Korea Electric Power signs 2.1 trillion won power plant contract at Saudi Arabia's largest gas field
Korea Electric Power Corp. signed a final contract with Aramco to build and operate a 331MW cogeneration plant at Saudi Arabia's Jafurah gas field, expecting $1.4 billion in revenue over 17 years. Doosan Enerbility and Korea Eximbank will join the project as Team Korea.
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Kia posts record Mexico sales on locally built K3
Kia posted record monthly sales of 10,401 vehicles in Mexico in October 2026, up 10.3% on year, led by the locally built K3 sedan and new hybrid models. The automaker held fifth place in market share and narrowed its gap with Toyota.
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Graphy partners with French biotech dental firm to target Europe clear aligner market
Graphy, a Korean 3D printing materials firm, signed a strategic partnership with French dental company Biotech Dental to commercialize direct 3D printed clear aligners in Europe, leveraging Smilers' distribution network.
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Hyundai Steel, POSCO break ground on $5.8 billion US joint steel mill
Hyundai Steel and POSCO have begun foundation work on their joint steel mill in Louisiana after securing key permits, targeting commercial production in 2029 with an annual capacity of 2.7 million tons.
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Samsung Securities ruling sets precedent for avoiding liability, exempting executives from discipline through settlements
A Seoul court canceled FSS sanctions on a former Samsung Securities executive over 23.2 billion won in fund misselling, ruling that post-hoc settlements should lower discipline. Critics warn the decision could weaken internal controls and enable executives to avoid accountability through compensatio
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72 Trillion Won in Corporate Bond Maturities in 2027: A Refinancing Time Bomb for Low-Rated Firms
Corporate bond maturities will hit 72.3 trillion won in 2027, with 48.3 trillion won due in the first half. Low-rated firms face a liquidity crisis as refinancing costs surge and credit spreads widen.
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Internet-only banks' sole proprietor loans boomerang, half of operating profit goes to provisions
KakaoBank and K bank set aside 27.5% and 57.7% of Q3 pre-provision operating profit as loan-loss provisions, far above the 12.2% average of major commercial banks, as aggressive sole proprietor lending to bypass mortgage curbs backfires.
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Samsung Electronics ends 2-year 4G·5G patent war with China's ZTE
Samsung Electronics and ZTE have mutually withdrawn all patent infringement lawsuits, ending a two-year global dispute over 4G and 5G standard essential patents. The settlement follows conflicting royalty rulings in UK and Chinese courts.
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Hyundai Motor's 560 billion won Algeria plant gears up for full production
Hyundai Motor is preparing to start full production at its $400 million assembly plant in Relizane, Algeria, with an annual capacity of 50,000 vehicles. The Algerian government pledged support to boost local parts production and technology transfer.
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Korea's Chunmoo emerges as strong candidate for Philippines' long-range strike weapon
Korea's K239 Chunmoo rocket system is emerging as a leading candidate for the Philippine military's long-range strike program, with faster delivery and stable ammunition supply cited as key advantages over the US HIMARS.