According to the Financial Supervisory Service (FSS), the capital adequacy ratio of seven financial conglomerates — Samsung, Hanwha, Mirae Asset, Kyobo, Hyundai Motor, DB, and DaouKiwoom — rose from 187.6 percent to 196.6 percent in the first six months of 2020. This calculation includes the risk-weighted assets.
Without risk-weighted assets included, the adequacy ratio was 190.7 percent as of June. This improvement is attributed to a new accounting rule that helped the insurance units of the conglomerates to strengthen their capital structure.
The logo of the Financial Supervisory Service, provided by the agency (PHOTO NOT FOR SALE) (Yonhap).
nyway@yna.co.kr
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