Shinhan, Kookmin set aside record reserves amid real estate worries

Kookmin provisions account for 38% of income; 23% for Shinhan

Two Korean banks collectively set aside 2.15 trillion won ($1.6 billion) in the fourth quarter of 2023 to cover future loan losses, both driven by concerns over the quality of their real estate portfolios.

Kookmin Bank added 1.38 trillion won to its loan loss reserves in Q4, equivalent to 38.2% of its operating income for the quarter; both figures were their highest since at least 2016. Of this 754 billion won was attributed to one-off additional provisions for priority sectors including real

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here