Tag: interest rates

interest rates

Latest News

Korea sees the Fed signaling a tighter U.S. monetary policy path this year

Korean financial authorities said the Federal Reserve’s steady rate decision still pointed to a hawkish turn, prompting closer monitoring of market and foreign exchange volatility.

2026.6.18

BOK chief signals rate hikes as inflation, debt risks mount

Bank of Korea Governor Shin Hyun-song signaled rate hikes may come soon as inflation stays above target and household debt risks grow.

2026.6.12

Most popular

Don’t use the rates as a real estate policy tool

Blaming the problem entirely on the education fever and the college entrance competition comes from a lack of understanding in education and the real estate market.

2024.10.14

Emergency aid

Interest rates are shown at a savings bank in Seoul on Monday. The government will provide emergency financial aid to the financially vulnerable next month, including discounts in principal and interest. The Financial Services Commisison announced...

2023.2.20

Signs of four large banks in Korea, KB, Woori, Hana and Shinhan [YONHAP]

Korean banks under pressure to redistribute wealth

Banks are being pressured by the financial authorities to redistribute wealth.

2023.2.15

[Today's Cartoon] 2023.01.09

While ordinary citizens are struggling with high interest rates, commercial banks are doling out hefty bonuses to their employees and still reduce branch services by faithfully respecting the 9:30 a.m. to 3:30 p.m. working hours.

2023.1.8

Inflation nation

Shoppers browse for groceries at a large mart in Seoul on Thursday as inflation remains above 5 percent.

2022.11.3

An advertising banner at a bank in Seoul promotes a yearly deposit rate of 4.8 percent on Monday. Driven by the rising base rates, savings deposits in accounts with more than 1 billion won ($700,525) hit a record 787.9 trillion won as of June, up 2.4 percent this year, according to the Bank of Korea, Monday. [YONHAP]

Hey big saver

Driven by the rising base rates, savings deposits in accounts with more than 1 billion won ($700,525) hit a record 787.9 trillion won as of June, up 2.4 percent this year, according to the Bank of Korea, Monday.

2022.10.31

'There is no way to purchase a house'

The number of apartment unit purchases by people in their 20s and 30s has decreased compared to last year.

2022.10.11

Financial Services Commission Chairman Kim Joo-hyun announces the extension of the loan repayment suspension program in a meeting with local banks in Myeong-dong on Tuesday. [YONHAP]

Loan suspension program extended for another 6 months

According to the Financial Services Commission (FSC) on Tuesday, the extensions could be granted as far as Sept. 2023 under certain conditions, and maturities could be extended up to three years with the agreement of the lender.

2022.9.27