Korea's petrochemical manufacturers face growing credit risks as China pulls back and persistently high capital expenditures plague the industry.
The health and beauty giant has entered a partnership with Hyundai Card to launch a branded credit card.
The time has come to make the FSS and FSC oversee the operation of our community credit cooperatives.
The volume of card spending reached 1,139.3 trillion won, although card companies' profit shrank on the back of bad loans and interest.
The growth of household loans extended by banks slowed in February as people paid back credit loans using holiday bonuses.
The wife of liberal Democratic Party (DP) leader Lee Jae-myung denied in court on Monday that she had misused her husband's official expenses credit card during his tenure as Gyeonggi governor.
Korea’s household credit growth slowed in the fourth quarter of last year as the real estate market remained weak amid high borrowing costs.
Talks remain inconclusive between Hyundai Motor and the U.S. government over tax incentives for the Korean automaker's $5.5 billion EV plant in Georgia, which could potentially be worth up to about $350 million.
Korea is offering financial incentives to encourage companies to bring production facilities back from overseas. The measures include corporate investment subsidies, extended tax discounts and tax credits for R&D.
The government is considering deleting overdue debt records for small business owners and people in vulnerable classes that had piled up during the Covid-19 pandemic.
Korea JoongAng Daily Sitemap