General

FSS urges banks to preemptively curb household debts

A senior official of the Financial Supervisory Service (FSS) on Friday called for banks to preemptively curb household debts.

Lee Joon-soo, FSS senior deputy governor for banks and nonbanks, made the call in a luncheon with the chairs of the boards …

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Capital adequacy ratio of insurance firms falls in Q1

The capital adequacy ratio of South Korean insurance companies deteriorated in the first quarter of the year, data showed Friday.

The average capital adequacy ratio of insurance firms stood at 223.6 percent as of end-March, down 8.6 percentage point…

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