Household loans extended by banks in South Korea rose for a sixth straight month in September, led by an increase in mortgages, central bank data showed Friday.
Banks’ outstanding household loans came to 1,135.7 trillion won (US$841 billion) as of e…
Finance Minister Choi Sang-mok said Friday he respected and welcomed the central bank’s decision to lower interest rates.
Choi made the comment during a parliamentary audit session into his ministry, which came after the Bank of Korea (BOK) lowered …
Today (%) Previous Session(%) Change (BP)
1-year TB 2.847 2.866 -1.9
2-year TB 2.936 2.982 -4.6
3-year TB 2.919 2.962 -4.3
10-year TB 3.060 3.088 -2.8
2-year MSB 2.917 2.957 -4.0
3-year CB (AA-) 3.502 3.542 -4.0
Source: Yonhap News Agency
The Bank of Korea (BOK)’s first interest rate cut in 38 months highlighted the urgent need for South Korea to ease interest burdens on households and businesses to prop up sagging domestic demand despite concerns over rising home prices and household…
South Korean stocks rose late Friday morning as the Bank of Korea (BOK) cut its key rate for the first time in more than three years.
The benchmark Korea Composite Stock Price Index had added 0.41 percent, or 10.61 points, to 2,609.77 as of 11:20 a….
North Korea said Friday a new defense cost-sharing deal between South Korea and the United States is a product of Washington’s “sinister” scheme to use the South’s security uneasiness for the implementation of its strategy for world supremacy.
Under…
Lotte Shopping Co., an affiliate of South Korean retail giant Lotte Group, said Friday it is targeting to achieve 20 trillion won (US$14.8 billion) in sales in 2030 through the “value-up” program.
Lotte Shopping aims to earn 3 trillion won of the sa…
Former Industry Minister Bang Moon-kyu is expected to be appointed the new South Korean ambassador to Indonesia, diplomatic sources said Friday.
An internal personnel review process is under way for Bang to fill the post that has been vacant since J…
South Korea’s central bank on Friday cut its key benchmark interest rate, its first pivot in its yearslong monetary tightening mode, as inflation continued to moderate and the property market showed signs of cooling.
As widely expected, the Bank of …
Opposition leader Lee Jae-myung on Friday urged North Korea to retract its recent move to cut off all roads and railways connected to South Korea, voicing concerns over the North’s “explicit intent” to completely sever inter-Korean ties.
On Wednesda…