Tightening the safety belt

Fiscal integrity must not be compromised during the budgetary review process.

2023-10-04

[Today's Cartoon] 2022.12.16

After the U.S. Fed lifted the benchmark rate by 50 basis points, the Bank of Korea has to determine how much it needs to raise interest rates to control soaring prices.

2022-12-15

[Today's Cartoon] 2022.10.13

After the Bank of Korea took a big step by raising the benchmark rate to 3 percent from the current 2.5 percent to fight inflation and narrow the gap with U.S. rates, many people face an uphill battle in paying their debts.

2022-10-12

Crisis, honesty and resilience

The nightmarish three-year Covid-19 pandemic has been followed by an economic crisis. We are going through an unfortunate era.

2022-10-11

[Today's Cartoon] 2022.09.22

The world’s agony deepens as the U.S. Federal Reserve is expected to take yet another giant step.

2022-09-21

[Today's Cartoon] 2022.06.17

After the Fed took a “giant step” by lifting benchmark rates by 75 basis points on Thursday, the Bank of Korea faces a dilemma over whether to also raise its rates in the face of mounting household debt.

2022-06-16

Samsung Electronics faces possible class action lawsuit

Thousands of disgruntled Korean Galaxy users are threatening a class action suit against Samsung Electronics, claiming that an app was intentionally installed on their devices to throttle performance.

2022-03-08

Bank of Korea ups rates, taking them back to pre-pandemic levels

The Bank of Korea raised rates by 0.25 percentage points to 1.25 percent on Friday.

2022-01-14

Central bank increases rates by 0.25 percentage points