(EDITORIAL from Korea Herald on Jan. 15)

Police are investigating 12 board members and four executives of Posco Holdings on charges of occupational breach of trust over allegations that they had subsidiaries partially pay for a lavish five-night-seven-day trip to Canada in August last year….

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Banks’ rates for fresh loans fall in December

SEOUL, The average lending rate of major banks in South Korea for mortgage loans fell from a month earlier in December, data showed Monday.

COFIX, or the Cost of Funds Index, a benchmark lending rate for mortgage loans, came to 3.84 percent last mon…

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