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Mon, July 4, 2022 | 15:54
Soaring corporate loans feared to increase default risks
Soaring corporate loans feared to increase default risks
Businesses are borrowing more money over an extended relief program that allows pandemic-stricken firms to postpone loan payments, amid a sharp rise in raw material prices and higher production costs, according to financial market analysts Monday. At the same time, the businesses face a bigger risk of default as the benchmark interest rate is rising fast. This means the combi...
Yi Whan-woo | 2022-06-06 16:09
Korea ranks No. 1 in household debt-to-GDP ratio in Q1
Korea ranks No. 1 in household debt-to-GDP ratio in Q1
Korea had the highest household debt-to-gross domestic product (GDP) ratio among 36 major economies in the first quarter, a global financial report said Monday.
2022-06-06 15:11
Regulator to apply stricter rules on financial soundness of banks, card firms, insurers
Regulator to apply stricter rules on financial soundness of banks, card firms, insurers
The government plans to strengthen domestic regulations on financial companies' soundness requirements from early next month, aiming to proactively respond to growing external financial risks. The financial authorities have not been applying an ultra-stringent approach on financial companies' soundness requirements since April 2020, in a move to provide necessary liquidity to...
Anna J. Park | 2022-06-05 16:42
Consumer inflation may rise above 6% in 2nd half
Consumer inflation may rise above 6% in 2nd half
Korea's inflation may breach over 6 percent in the second half, according to the Bank of Korea (BOK) and analysts, after consumer prices accelerated at the fastest pace in nearly 14 years and hit 5.4 percent in May. The gloomy forecast comes as inflationary pressure continues to mount over surging prices of energy and food, amid the ongoing war in Ukraine.
Yi Whan-woo | 2022-06-05 16:34
Gasoline, diesel prices rise for 4th straight week amid tight supply
Gasoline, diesel prices rise for 4th straight week amid tight supply
The weekly average prices of gasoline and diesel in South Korea both climbed for the fourth consecutive week on a continued energy crunch around the world, industry data showed Saturday.
2022-06-04 17:00
Office workers in Seoul suffer from 'lunchflation'
Office workers in Seoul suffer from 'lunchflation'
On Friday around noon, the Gwanghwamun intersection was flooded with office workers heading to lunch. Some already got in long lines in front of popular restaurants selling cold noodles, looking for a brief respite from the hot temperatures. It almost appears as if the pandemic has finally come to an end, giving some relief to owners of small businesses like restaurants and a...
2022-06-04 09:00
Korea seeks US congressional support for trade, investment
Korea seeks US congressional support for trade, investment
South Korean Trade Minister Ahn Duk-geun drummed up support from the U.S. Congress on Friday to expand bilateral trade and investment, his office said.
2022-06-03 19:55
Inflation growth hits nearly 14-year high in May on high energy prices
Inflation growth hits nearly 14-year high in May on high energy prices
Korea's consumer prices rose at the fastest clip in almost 14 years in May due to high energy and food costs over the protracted war between Russia and Ukraine and the economic recovery, data showed Friday.
2022-06-03 10:07
Yoon administration expected to appoint heads of financial authorities soon
Yoon administration expected to appoint heads of financial authorities soon
With the completion of the June 1st local election, the market's focus is now on when the Yoon Suk-yeol administration will carry out the delayed appointments of the heads of key financial authorities - the Financial Services Commission (FSC) and Financial Supervisory Service (FSS). Since the resignation of FSC chief Koh Seung-beom in early May, the top post at the financial ...
Anna J. Park | 2022-06-03 08:40
Finance chief urges firms to refrain from hiking goods prices to curb inflation
Finance chief urges firms to refrain from hiking goods prices to curb inflation
The finance minister called on local companies Thursday to refrain from hiking prices of products, and wages, as the move could add upward pressure to already high inflation.
2022-06-02 17:20
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Top 10 Stories
  • Declining approval rating feared to dampen Yoon's political drive
  • Korea's bio industry at turning point after pandemic
  • Can Chinese demand cushion blow of US recession on Asian economies?
  • Concerns grow over COVID-19 resurgence
  • More than six out of 10 South Koreans willing to fight for country
  • Not just another crypto-bubble
  • Umbrella union stages massive rallies in Seoul amid scorching heat
  • Inflation expected to accelerate further in 2nd half
  • Japanese media focuses on Yoon's 'sales diplomacy'
  • Korea loses money in trade with China
DARKROOM
  • Afghanistan earthquake killed more than 1,000

    Afghanistan earthquake killed more than 1,000

  • Divided America reacts to overturn of Roe vs. Wade

    Divided America reacts to overturn of Roe vs. Wade

  • Namaste: Yogis to celebrate International Yoga Day

    Namaste: Yogis to celebrate International Yoga Day

  • Poor hit harder by economic crisis

    Poor hit harder by economic crisis

  • Roland Garros 2022

    Roland Garros 2022

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