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Sat, December 2, 2023 | 15:10
BOK chief calls for steps to curb household debt
Bank of Korea Governor Lee Ju-yeol called for steps to curb the nation’s snowballing household debt, Thursday, amid growing financial market uncertainties due to a possible imminent U.S. Fed rate hike. “The biggest risk involving the U.S. rate hike is the possible spread of a crisis related to debt into emerging markets,” Lee said. “We also need to take steps to keep househol...
Paralegal finds daily happiness
For Song Han-soo, 2015 will be remembered as a memorable year, as he got married and now expects a baby, after passing an examination for his dream job two years ago.
Journalists discuss Asia peace, growth at KTX
Members of the Asia Journalist Association (AJA) and experts in politics, economics and other fields held talks Tuesday on ways of seeking sustainable growth in Asia while traveling on the KTX express train from Seoul to Cheonan in South Chungcheong Province.
Low oil prices to delay exports recovery
The record seven-year low in oil prices will further delay the recovery of Korean exports already struggling with 11 consecutive months of decline amid China’s slowdown, analysts said Tuesday. On Monday, U.S. benchmark West Texas Intermediate crude and Brent sank 5.8 percent and 5.3 percent, respectively - hitting levels not seen since February 2009.
Banks bet on new automated services
Banks are making a big bet on new automated services as customers increasingly prefer to make financial transactions on mobile devices. The nation’s first Internet-only banks will start operations next year.
Carmakers offer discounts to reduce stock
Carmakers are offering steep discounts to reduce their inventories because the government’s temporary individual consumption tax cuts end this month, the Korea Automobile Manufacturers Association (KAMA) said Sunday.
KAMCO helps reshape shipping firms
Acquiring ships from financially troubled shipping companies will remain one of the mainstay jobs handled by Korea Asset Management Corp. (KAMCO) next year.
NongHyup looks overseas
NongHyup Financial Group is looking to break into markets overseas as it finds the domestic one reaching saturation point amid tougher competition, the group said Sunday.
KB helps disabled youths find jobs
KB Financial Group is helping disabled teenagers and university students find work for the third straight year, as part of its social contribution activities, the retail bank said Wednesday.
Q3 growth propelled by property boom
Korea’s economy grew 1.3 percent in the July to September period from the previous quarter, the fastest in more than five years, the Bank of Korea (BOK) said Thursday.
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