Tag: interestrate

interestrate

Latest News

ATM machines of Korea's major banks [YONHAP]

Time deposits coming back into fashion as interest rates rise

More money is flowing into time deposit accounts as rates rise and stocks remain sluggish.

2021.11.11

Interest rates are climbing, no plateau in sight

Interest rates have been on a continuous rise throughout the year, and borrowers may have to brace themselves for higher costs of borrowing and tighter loan regulations. Another possible rate hike could also come by the Bank of Korea (BOK).

2021.9.6

Loan shark vig capped at 6 percent a year by government

Rates charged by loan sharks are being capped at 6 percent annually, down from the previous 24 percent. Borrowers already paying loan sharks can reduce their payments to reflect the change.

2020.6.23

Tag: interestrate

interestrate

Latest News

Time deposits coming back into fashion as interest rates rise

Interest rates are climbing, no plateau in sight

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Loan shark vig capped at 6 percent a year by government