Rising interest rates are starting to squeeze borrowers

Loan rates at commercial banks are starting to rise, which could further stress borrowers amid the lingering effects of Covid-19 on the domestic economy.

2021-03-01

Banks agree to extend the principal and interest holiday

Banks have agreed to the government proposal to extend the suspension of loans and interest payments for small and mid-size companies and small corner shops for another six months.

2021-02-17

Gov't-backed loans offered to all small shops from Jan. 18

Starting Jan. 18, small shops struggling due to heightened social distancing measures will be eligible for government-backed loans offered at commercial banks with interest rates a maximum 2 percentage points lower than currently available.

2021-01-14

[번역기도 모르는 진짜영어] 부동산 세금과 대출 규제 관련 영어 표현들

나날이 치솟는 주택 가격을 잡기 위해 정부는 다양한 종류의 규제를 내놓았으며, 각종 세금에 대한 부담도 커지고 있다. 부동산 관련 대책이 잇달아 발표되면서 다양한 관련 용어들이 사람들 입에 오르내리고 있다. 이와 관련된 영어 표현을 알아봤다.

2020-12-18

Kakao Bank stops accepting overdraft applications

Kakao Bank on Thursday announced a temporary halt in the opening of overdraft accounts as major banks limit individual credit lines due to concern about rapidly increasing household debt.

2020-12-17

Loans to self-employed grow at slower pace in third quarter

Korean depository institutions’ loans to self-employed people and companies grew at a much slower pace in the third quarter than three months earlier on improving business conditions, the central bank said Wednesday.

2020-12-02

Household debt keeps climbing despite gov't efforts

Household debt reached a record 1,682.1 trillion won ($1.51 trillion) in the third quarter despite the government's attempts to cool off the real estate market and borrowing to buy property.

2020-11-24

Despite vaccine shot in the arm, credit risk remains in markets

With hopes for a vaccine giving the stock market a shot in the arm, a top government official offered a reality check, saying that benefits of the good news on the Covid front could take time to affect the real economy.

2020-11-24

Stop the face-lift

The Seoul Metropolitan Government, under acting leadership after the sudden death of former mayor Park Won-soon, must not proceed with the renovation work of Gwanghwamun Square against the wishes of civilians and experts alike....

2020-11-18

Household loans continue to increase in October

Korean banks' household loans continued to grow at a fast pace in October, driven by home-backed lending amid soaring home prices, central bank data showed Wednesday.

2020-11-11

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