Finance Minister Hong Nam-ki will hold a four-party meeting next week with the governor of the central bank and two chiefs of financial regulatory authorities to discuss household debt and other economic issues, officials said Thursday.
Total bank loans to households continued to rise in August, although the rate of increase has fallen compared to previous months as the government pushed banks to reduce lending.
The ultra-low interest rate days near a end. In its monetary policy meeting on Thursday, the Bank of Korea (BOK) raised its base rate by 25 basis points to 0.75 percent. The benchmark rate hike was the first since May 2020 and...
Singers Taeyeon, Kim Jong-wan from indie rock band Nell, and Gaho will feature on the soundtrack for the highly anticipated drama series “Cliffhanger,” which is expected to air later this year on cable channel tvN. The series’ production company...
The Financial Supervisory Service (FSS) reported Mergeplus to the Seoul Metropolitan Police Agency after the company repeatedly refused to deliver it books to the regulator. “We will first carry out an investigation to see whether the company has ...
Members of the central bank's rate-setting board voiced the need to readjust the low-rate monetary policy in the future amid an accelerating economic recovery and deepening financial imbalances, minutes from the latest policy meeting showed Tuesday.
North Korea's economy contracted 4.5 percent in 2020, the steepest fall since 1997, according to the Bank of Korea (BOK) Friday.
One member of the Bank of Korea’s seven-member monetary policy board dissented at the rate-setting meeting Thursday, arguing that the base rate should be taken from the historic low 0.5 percent to 0.75 percent.
Bitcoin prices are plunging on news the Chinese government is cracking down on bitcoin miners.
The coronavirus pandemic took a greater toll on jobs for women, especially if they were married.