The Supreme Court upheld a guilty sentence on the operator of the Korean website formerly known as “Bad Fathers,” which divulges the names of deadbeat parents who refuse to pay child support...
The default rate for real estate project finance loans at brokerage firms surpassed 17 percent as of June, according to the Financial Services Commission (FSC) on Tuesday.
The Ministry of Interior and Safety announced it will conduct a joint investigation into 30 MG Community Credit Cooperatives branches which have a default rate exceeding 10 percent, and said these branches may be shut down or merged if necessary.
The Inflation Reduction Act (IRA) was passed in August, directly threatening local car manufacturers and battery makers, which have a limited presence in the United States in terms of manufacturing.
Korea's corporate bond market is starting to recover as signs suggest that rates may be peaking.
Authorities must act to their utmost to prevent a financial risk from the liquidity crunch. They must prevent a chain bankruptcy of companies due to short-term liquidity woes.
SsangYong Motor faces yet another major liquidity crunch as it continues to fail to pay back a series of loans amid deteriorating sales.
Delivery of the diesel versions of the Genesis GV80 SUV resumed on Aug. 13 after being suspended since June 5 due to excessive vibration occurring in the engine.
Korea JoongAng Daily Sitemap
