More than 40 percent of people who took out mortgages in the first quarter have unsecured loans.
The V League is back in business, with both the men's and women's leagues set to begin their 2021-22 seasons on Saturday.
The central bank may soon raise rates again, Bank of Korea Gov. Lee Ju-yeol said Tuesday after the monetary policy board voted to maintain the base rate at 0.75 percent.
A customer attends to personal banking next to a convenience store in Songpa District, southern Seoul, on Tuesday. Hana Bank said Tuesday that it has joined hands with BGFretail, which operates CU convenience stores across Korea, to share spaces.
The Bank of Korea (BOK) held Korea's benchmark interest rate at 0.75 percent Tuesday, despite previous signaling of another rate hike this year.
Toss Bank, the country's third internet bank, started operations Tuesday with a promise to simplify customers' lives.
Toss makes its official debut as the country’s third online bank on Tuesday. Toss, a fintech company founded in 2013, already has 1 million people applying for time deposit accounts, thanks to the generous 2 percent interest rates it is offering.
Bank of Korea Gov. Lee Ju-yeol on Wednesday recommended Park Ki-young, currently professor of economics at Yonsei University, to join the bank's monetary policy board.
KB Financial Group Chairman Yoon Jong-kyoo stressed the need to strengthen its mobile-based financial platform to compete with exclusively online banks.
The Bank of Korea stressed the need to further raise the country's key interest rate to resolve worsening financial imbalances in its financial stability report published Friday.