News
Housing choices, old age and the sunk cost trap
1+ week, 1+ day ago (124+ words) An exterior view of Seoul Seniors Tower Gayang Town in western Seoul [SEOUL SENIORS TOWER] Older people are seen filling out job applications at a job fair held at the Mapo District Office in Mapo District, western Seoul, on Dec....
Household loans rebound for first time in four months in March on lending linked to stock investments
1+ week, 2+ day ago (134+ words) A passerby walks past a poster promoting home mortgage loans on the wall of a bank in central Seoul on Dec. 7, 2025. [YONHAP] Household loans rebound for first time in four months in March on lending linked to stock investments Market…...
Credit loans at major banks surge nearly $820 million in one week
5+ mon, 5+ day ago (140+ words) ATMs are seen on a street in Seoul on Jan. 31. [NEWS1] Kwon Dae-young, the vice chairman of the Financial Services Commission, answers lawmakers" questions during a plenary session of the National Assembly"s National Policy Committee at the National Assembly in…...
Market interest rates may face upward pressure from Middle East crisis, BOK warns
3+ week, 1+ day ago (186+ words) Plumes of smoke and fire rise after debris from an intercepted Iranian drone struck an oil facility, according to authorities, in Fujairah, United Arab Emirates, on March 14. [AP/YONHAP] First responders inspect the debris of a residential building hit in…...
Tighter rules on aggregate household loans may be coming, signals financial watchdog chief
3+ week, 23+ hour ago (107+ words) Lee Chan-jin, governor of the Financial Supervisory Service, in a press conference on March 26 in western Seoul [YONHAP] Tighter rules on aggregate household loans may be coming, signals financial watchdog chief Hanwha Life Insurance revenue surges after separation of sales…...
Household loans fall for 3rd month in February
1+ mon, 5+ day ago (113+ words) A customer uses an ATM in Seoul on March 8. [YONHAP] Household loans fall for 3rd month in February Kospi up for 2nd day on bargain hunting amid Iran woes FSS begins inspection of Toss Bank after Japanese yen mistakenly traded at half…...
Household loan growth by four major banks exceeds annual target by 30%
4+ mon, 3+ week ago (136+ words) Apartment buildings in Seoul are seen from Mount Namsan on Nov. 17. [YONHAP] Fuel price rise slows Sunday amid discussion of price cap system 'Stagflation' concerns surge across global markets as tensions continue to rise in Middle East As gas costs…...
Children who stay in hometown 'inherit' parents' economic status, BOK finds
2+ mon, 5+ day ago (96+ words) Apartments are seen from Mount Namsan in central Seoul on Feb. 5. [NEWS1] Two women believed to be Korean wanted in Phuket for stealing swimsuits Police officers under investigation after allegedly drinking alcohol in station Petition to the nation Man arrested for…...
Number of unsold new homes hits near 12-year high
11+ mon, 3+ week ago (125+ words) A construction site in Seoul on Feb. 4 [YONHAP] Inflation expected to stay around 2% target this month: BOK Consumer prices rise 2% in January, slowest pace in 5 months Canada's defense procurement chief tours Korean shipyard, says submarine bid hinges on broader economic…...
ABS issuance dips 10% in 2025 on fall in mortgage-backed securities
2+ mon, 2+ week ago (94+ words) Hana Financial's net hits record high in 2025 on noninterest income Kospi breaks 5, 300 during interday trading as investors chase AI shares Kospi surpasses 5, 300 to set record intraday high Kospi opens higher on rosy outlook for chipmakers ABS issuance dips 10% in 2025 on…...