Korea's money supply rises for fourth consecutive month in February

Korea's money supply rose for the fourth consecutive month in February, as increases in savings deposits offset a decline in certificates of deposit (CDs), central bank data showed Wednesday.

2026-04-15

Bio, display, mobility picked as next focus of public growth fund

The second round of investment by the megasized public growth fund will be mainly focused on the bio, display and mobility sectors, the financial regulator said on Tuesday.

2026-04-14

From limitless LTE to cram school crackdowns, gov't rolls out list of public relief initiatives

The government rolled out a list of policies to help alleviate the burden of inflation on the public, including a new mobile data service from telecommunications companies and refunds on unfair fees for private cram schools.

2026-04-09

Money supply rises for third straight month in January on growing corporate deposits: BOK

Korea's money supply rose for the third consecutive month in January, driven by increases in exporters' foreign currency deposits and short-term funds awaiting investment, central bank data showed Friday.

2026-03-13

Man admits to killing girlfriend over debt issues in court hearing

A man accused of killing his girlfriend and dumping her body in an attempt to solve his debt problems largely admitted to the charges in court Wednesday, though his defense argued that the robbery was not premeditated.

2026-03-11

Police search for owner of 25 million won in cash found in garbage bag

Police are searching for the owner of a garbage bag that contained 25 million won ($16,800) in cash that was discarded near a multifamily building in Incheon.

2026-03-06

Number of complaints against illegal private lenders hits 13-year high in 2025

The number of complaints filed against illegal money lenders climbed to the highest level in 13 years last year, data showed. A total of 17,538 cases involving illegal private lenders were reported to the Financial Supervisory Service last year.

2026-03-01

North designated 'high-risk jurisdiction' for money laundering, terrorism financing for 16th year

North Korea has been designated a "high-risk jurisdiction" for money laundering and terrorism financing for the 16th consecutive year, financial authorities said Wednesday.

2026-02-18

Money supply bounces back on corporate, household deposits rise: BOK

Korea's money supply rose in December from a month earlier, driven by increases in corporate and household deposits in both foreign and local currencies, central bank data showed Friday.

2026-02-13

Koreans increasingly prefer gifting money in creative ways over physical presents

For Koreans, money has become one of the gifts they most want to receive on special occasions, but not necessarily because they’re inconsiderate or too lazy to shop. Young Koreans in particular have found creative ways to gift cash to their parents.