return on equity Archives | Be Korea-savvy

Korean Banks Lag Behind Foreign Competition

SEOUL, May 10 (Korea Bizwire) – The soundness of Korean banks is significantly lower than those of the US, Canada and North Europe. Risk management failures are contributing to increasing rates of weak credit, and Return on Equity (ROE) is lower than ever. According to KB Financial Group (KBFG), the distressed-debt ratios of banks in [...]

Insurance Firms Earn 4.5 Tln Won in 1H Thanks to Equity Sales

SEOUL, Aug. 17 (Korea Bizwire) – In the first half of the year, insurance companies in Korea made net profits of 4.5 trillion won, powered by a surge in one-time profits such as sales of equities. According to the Financial Supervisory Service (FSS) on August 16, the combined net income of 39 insurance firms in Korea [...]