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Finance

Economy

Thu, December 9, 2021 | 13:34

Tighter lending rules lead to increase of corporate loans

The growth of household borrowing fell sharply in November, due to a combination of tightening lending rules and the central bank's key rate hike, central bank data showed Wednesday.

2021-12-08 16:47

Household debt, inflation cited as biggest risks to financial system: BOK survey

Trade ministry eases rules for export firms

The government will simplify the administrative procedures for exporters of Korea's key goods, as part of an expanded compliance program (CP), whereby 156 businesses abide by expedited, self-regulated export control measures, the trade ministry said Wednesday.

2021-12-08 15:17

Seoul's average apartment price jumps twofold under Moon government: civic group

The average price of Seoul apartments has soared more than twofold in about five years under the current Moon Jae-in administration, according to a civic group analysis Wednesday.

2021-12-08 15:11

Housing prices have markedly stabilized: finance minister

Household debt, inflation cited as biggest risks to financial system: BOK survey

One out of five financial experts cited high household debt and inflationary buildup as the biggest risks to the financial system, a survey showed Wednesday.

2021-12-08 14:57

Tighter lending rules lead to increase of corporate loans

2022 economic policy centers on support for merchants, economic recovery: minister

South Korea's top economic policymaker said Wednesday the 2022 economic policy will be focused on supporting pandemic-hit small merchants and helping the country's economy pull off a full recovery.

2021-12-08 13:15

Housing prices have markedly stabilized: finance minister

South Korea's top economic policymaker said Wednesday housing prices have markedly stabilized on the back of housing supply measures, the central bank's rate hike and tougher rules on household loans.

2021-12-08 09:58

Seoul's average apartment price jumps twofold under Moon government: civic group

Fed's earlier end to tapering prompts call for Korea to increase dollar reserves

Korea should increase its foreign exchange reserves amid escalating fears over the rapid rise of the won-dollar exchange rate, with the U.S. Fed sending repeated signals to put an earlier end to tapering its asset purchase program, economists said Tuesday.

2021-12-07 16:58

Gov't CPTPP push to drag on until presidential election

The government is dragging its feet regarding discussions on joining a trade agreement among 11 countries in the trans-Pacific area.

2021-12-07 16:53

FSS chief calls for strengthened risk management

Financial Supervisory Service (FSS) Governor Jeong Eun-bo, fifth from left, stands next to leaders of the country's credit finance firms, including the CEOs of KB Kookmin Card, Shinhan Card, Samsung Card, Hyundai Card, Hana Capital, Lotte Capital and Hyundai Capital, at Kensington Hotel in Seoul's Yeouido financial district, Tuesday. During the meeting, the FSS chief stressed...

Anna J. Park | 2021-12-07 15:12

Korea logs current account surplus for 18th straight month in October

South Korea logged a current account surplus for the 18th straight month in October, though the surplus was smaller than the previous month due to increased imports amid high energy and raw material prices, the central bank said Tuesday.

2021-12-07 10:12

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