#household loans
Finance
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#rate hikeBOK forecast to hike key rate again in Nov.
SEOUL, Sept. 8 (Yonhap) -- South Korea's central bank is expected to raise its interest rate in November to cope with concerns over a financial imbalance, a report said Wednesday. "The Bank of K... 11:32 Sep. 08 -
#ISANumber of brokerage-offered ISA holders soars on rule change
SEOUL, Sept. 8 (Yonhap) -- The number of individual savings accounts (ISAs) offered by local securities firms has soared this year following a rule change that allows holders to invest in equities,... 08:17 Sep. 08 -
(EDITORIAL from Korea Herald on Sept. 7)
Ridiculous appointment plan K-Growth said to be entrusting New Deal Fund to amateur Korea Growth Investment Corp. (K-Growth) is expected to pick a former administrator of the presidential office, ... 07:06 Sep. 07 -
Korean Re ranks 10th worldwide in premium income in 2020
SEOUL, Sept. 3 (Yonhap) -- South Korean reinsurer Korean Reinsurance Co. (Korean Re) said Friday it ranked 10th in the world in terms of premium income in 2020. A report by global insurance cred... 13:53 Sep. 03 -
#state guaranteed debtS. Korea seeks to reduce state guaranteed debt to below 10 tln won by 2025
SEOUL, Sept. 3 (Yonhap) -- South Korea said Friday it plans to reduce outstanding debt guaranteed by the state to below 10 trillion won (US$8.63 billion) by 2025 as part of efforts to enhance fisca... 10:00 Sep. 03 -
#budget proposal(LEAD) S. Korea proposes record 604 tln-won budget for 2022 amid pandemic related article
(ATTN: UPDATES with more details in paras 6,16) By Kim Soo-yeon SEOUL, Aug. 31 (Yonhap) -- South Korea on Tuesday proposed a record high budget of 604.4 trillion won (US$519 billion) for next year a... 11:58 Aug. 31 -
#fiscal soundness(News Focus) Record budget proposal spawns concerns over fiscal soundness
By Kim Soo-yeon SEOUL, Aug. 31 (Yonhap) -- South Korea's proposal to create a record high budget for next year has rekindled concerns about the growing national debt despite the government's confid... 11:10 Aug. 31 -
#budget proposal
S. Korea proposes record 604 tln-won budget for 2022 amid pandemic related article
By Kim Soo-yeon SEOUL, Aug. 31 (Yonhap) -- South Korea on Tuesday proposed a record high budget of 604.4 trillion won (US$519 billion) for next year as it plans to maintain expansionary fiscal spen... 11:10 Aug. 31 -
#Federal ReserveS. Korea wary of potential market volatility from Fed's tapering issue: official
SEOUL, Aug. 31 (Yonhap) -- Talks about the Federal Reserve's tapering of asset purchases have had limited impacts on South Korea's financial market, but the country will monitor the situation with ... 09:25 Aug. 31 -
#Moon Jae-inMoon appoints new top financial regulator
SEOUL, Aug. 30 (Yonhap) -- President Moon Jae-in has appointed Koh Seung-beom as the head of South Korea's financial regulatory body, Cheong Wa Dae said Monday. Koh, a member of the Bank of Kore... 17:34 Aug. 30 -
#bond saleS. Korea to sell 11 tln won worth of govt' bonds in Sept.
SEOUL, Aug. 26 (Yonhap) -- South Korea plans to sell 11 trillion won (US$9.4 billion) in government bonds next month, the finance ministry said Thursday. The ministry will issue 850 billion won ... 17:03 Aug. 26 -
#cash handouts(LEAD) Gov't to dole out cash handouts to ordinary people before Chuseok holiday: minister related article
(ATTN: REWRITES lead; UPDATES with more details in paras 4, 11-14; ADDS photo) SEOUL, Aug. 26 (Yonhap) -- Finance Minister Hong Nam-ki said Thursday the government plans to provide another round of... 10:07 Aug. 26 -
#cash handouts
Gov't to dole out cash handouts to ordinary people before Chuseok holiday: minister
SEOUL, Aug. 26 (Yonhap) -- Finance Minister Hong Nam-ki said Thursday the government plans to provide pandemic emergency relief funds to people hit hard by the pandemic before next month's fall har... 08:39 Aug. 26 -
#regulator bankRegulator tightens curbs on bank credit loans to tackle household debt
SEOUL, Aug. 26 (Yonhap) -- South Korea's financial authorities have called on local banks to tighten their screening for unsecured loans as part of efforts to cope with rising household debt, sourc... 08:35 Aug. 26 -
#regulator nomineeTop financial regulator nominee rejects cryptocurrency as financial asset
SEOUL, Aug. 25 (Yonhap) -- The nominee for South Korea's financial regulator said Wednesday that it may be difficult to recognize cryptocurrency as a financial asset in light of international trend... 08:59 Aug. 25 -
#2022 budget(LEAD) ruling party, gov't agree on record budget for 2022 to tackle COVID-19 crisis related article
(ATTN: RECASTS headline; UPDATES throughout) SEOUL, Aug. 24 (Yonhap) -- The ruling party and the government on Tuesday agreed to draw up the biggest ever annual state budget of 605 trillion won (US$... 12:39 Aug. 24 -
#bond expertsNearly two-thirds of bond experts eye rate freeze in Aug.: poll
SEOUL, Aug. 24 (Yonhap) -- About two-thirds of bond mavens in South Korea predict the central bank to freeze its key interest for August amid the resurgence of new coronavirus cases, a poll showed ... 11:46 Aug. 24 -
#2022 budgetRuling party seeks national budget increase to tackle COVID-19 crisis related article
SEOUL, Aug. 24 (Yonhap) -- The national budget for 2022 should be bigger than the 604 trillion won (US$516.7 billion) earmarked for this year to finance the country's efforts to tackle the COVID-19... 09:20 Aug. 24 -
#Citibank KoreaCitibank Korea again delays decision on exit plan
SEOUL, Aug. 24 (Yonhap) -- Citibank Korea Inc. has again postponed a decision on the exit plan for its retail banking unit amid differences over sale terms, industry sources said Tuesday. Citib... 08:27 Aug. 24
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(LEAD) New cases fall below 2,000 amid concerns about spike in outbreaks after Chuseok holiday
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(3rd LD) New cases fall below 2,000 amid concerns about spike in outbreaks after Chuseok holiday
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New cases fall below 2,000 amid concerns about spike in outbreaks after Chuseok holiday
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(2nd LD) New cases fall below 2,000 amid concerns about spike in outbreaks after Chuseok holiday
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(URGENT) 1,420 more patients released from coronavirus treatment, total now at 257,449: KDCA
News Focus
Market
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S. Korean companies go big on future of hydrogen
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Theaters abuzz with return to pre-pandemic level
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Kakao, Naver in neck-and-neck race for 3rd most valuable firm in S. Korea
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(News Focus) Housing policy at risk of further losing credibility, public support
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Short selling revisited on retail investors' increased sway
