Coverage: Q4 2024 · Information to 18 February 2025

TGB Quarterly Country Banking Sector Report · 18 February 2025

South Korean banks closed 2024 with two Base Rate cuts behind them, delinquency easing at the year-end and KB, Shinhan and Woori reporting higher annual profits, but the December martial law crisis, a weaker won and slowing growth left supervisors leaning on capital relief and market backstops.