Borrowings by households hit an all-time high in 4th quarter

Money owed by households continued to grow through the end of last year as people borrowed to buy houses and invest in stocks.

2021-02-23

Household bank debt soars in January by record amount

Household borrowings from banks increased by 7.6 trillion won ($6.86 billion) last month, the biggest January jump ever.

2021-02-10

[THINK ENGLISH] 현실에 절망한 2030의 주식 베팅… ‘파이어족’ 급증

Sohn Kwan-ju, a 28-year-old office worker, puts some 70 percent to 80 percent of his salary into a stock trading account every month. “I always feel anxious [about my future] as there is no longer such thing as a job for life, and the company...

2021-02-10

Finance Ministry prepares to battle bubbles and debt

Korea's Finance Ministry said Tuesday it will carefully manage ample liquidity this year to prevent idle money from causing asset bubbles and increasing household debt.

2021-01-19

Short-selling news just a big misunderstanding, FSC says

Financial Services Commission (FSC) Chairman Eun Sung-soo said that no decision has been made about short selling and that the probation on it may not end March 15,

2021-01-19

BOK head expresses concerns over rapid growth of local stock market

Bank of Korea (BOK) Gov. Lee Ju-yeol warned the local stock market has been growing at a dangerously fast pace and expressed concerns about those borrowing to invest during an online press briefing held Friday.

2021-01-15

Borrowing from banks up 100 trillion won in 2020

Household debt to banks grew by a record amount last year, increasing by over 100 trillion won ($90.7 billion), as people borrowed to purchase properties and stock and to cover living expenses during the coronavirus pandemic.

2021-01-14

FOMO is the latest epidemic as punters borrow to buy

The fear of missing out (FOMO) is the latest epidemic to hit Korea, as stocks hit new highs and housing prices soar.

2021-01-13

Household debt time bomb (KOR)

The list of dishonorable “World’s Bests” for Korea has a new entry. As of September 2020, Korea’s household debt reached 1.941 quadrillion won ($1.79 quadrillion). The household debt-to-GDP ratio is 101.1 percent. For the first...

2021-01-07

Household debt time bomb