Korea’s credit loans balloon as regulators cap mortgages

Credit loans are ballooning in South Korea as regulators tightened their grips on record-high mortgages to rein in the growth in household lend...

S.Korea’s Q2 GDP slows 0.2%, upholds rate cut expectations

South Korea’s economic growth slowed in the second quarter on weaker domestic consumption and investment by private businesses, heightening ex...

August inflation puts BOK under fire for delayed pivot

South Korea’s inflation moderated to the government’s target of 2.0% in August, its slowest increase in three years and five months, put...

BOK signals autumn rate cut as inflation, economic growth slow

South Korea’s central bank is likely to reduce interest rates in the next three months as inflation is expected to ease amid a slowdown in Asi...

Korea's KEDI-based ETFs boom; net assets double in 2 months

South Korean exchange-traded funds (ETFs) tracking KEDI, an index set created by The Korea Economic Daily, are booming on growing investor demand fo...

Korea’s household debt hits record high on mortage loans

South Korea’s household debt hit a record high in the second quarter as the domestic housing market started to recover and more consumers rush...

Korean won at 5-mth high; BOK may not lower interest rate

The South Korean won on Monday touched a five-month high as the central bank may not immediately cut its policy interest rate due to rising property...

Vietnamese lead influx of foreign workers with Korean dream

On Aug. 31, 2004, 92 Filipinos, wearing T-shirts and white caps, entered Incheon International Airport determined to make money in South Korea and r...

South Korea’s job growth rises in July led by elderly workers

South Korea’s job numbers grew in July, led by new hires among those in their 60s and older in one of the world's fastest-aging countries. The...

Korean pension subscribers show ultra-low risk tolerance

South Korean pension plan subscribers prefer to protect their money rather than taking risks for capital gains despite the government's effort to en...

Korea’s retail investors buy stocks on dips in turmoil

South Korea’s individual investors took the recent turmoil in stock markets as an opportunity to buy shares at home and abroad on dips, bettin...

Biotech stocks, foreigners’ top pick in Korea amid panic selling

Foreigners and institutional investors in the South Korean stock market picked biotechs as their favorite shares in hopes of a biopharma stock jump ...

S.Korea’s current account at near 7-year high on strong chip exports

South Korea reported its biggest monthly current account surplus in six years and nine months thanks to robust exports of semiconductors. But the gr...

South Korean stocks rebound but still on rollercoaster

South Korean stocks on Tuesday recouped some of their hefty losses caused by the previous day's global panic selling after financial authorities iss...

South Korean stock market crashes; more falls seen ahead

The South Korean stock market was one of the worst victims of panic selling by investors fearing further negative US economic news on Monday, with t...

Korean tech stocks suffer falls despite strong Q2 results

Some 60% of the Kospi-listed companies that posted above-forecast results in the second quarter of this year have seen their share prices declining ...

S.Korean stocks log largest daily loss since pandemic

The South Korean stock market dropped more than 3% on Friday to breach the psychologically important barrier of 2,700 in almost two months, after we...

BOK in limbo on rate decison with July inflation below 3%

South Korea’s headline inflation remained in the 2% range for the fourth straight month in July despite a reacceleration, complicating the Ban...

S.Korea’s July household debt grows at fastest pace in over 3 years

South Korea’s household debt is expanding at the fastest pace in over three years, clouding growth in Asia’s fourth-largest economy and ...

Korean treasury yields fall to lowest level in over 2 years

South Korea’s treasury bond yields fell to their lowest points in more than two years, slipping below the 3% level for the first time since Ap...

S.Korea’s economy slows in Q2, but on growth course

South Korea’s economy unexpectedly slowed in the second quarter on softer private consumption and business investments, reinforcing expectatio...

Young Korean investors choose monthly dividend ETFs over crypto

For decades, investments in financial products that promise decent dividend payouts such as high-dividend stocks have been associated with elderly i...

Korea's foreign currency savings snap 5-mth losing streak

Foreign currency deposits in South Korea increased in June, snapping their losing streak over the past five months, with the yen-denominated savings...

Filipino caregivers come to Korea amid demographic crisis

Some 100 certified caregivers from the Philippines will come to South Korea in August to work as domestic helpers in a country struggling with the...

Korean banks raise mortgage rates despite looming rate cut

South Korean banks are raising mortgage rates again as the government strives to curb household debt growth that grew at its sharpest pace in three ...

BOK, Indonesia to cooperate on cross-border payments

The Bank of Korea (BoK) announced on Monday that it signed a memorandum of understanding (MOU) with Bank Indonesia (BI) for the bilateral cooperatio...

Korean stocks linked to a Trump victory soar after shooting

Investors in the South Korean stock market rushed to stocks seen as connected to former US President Donald Trump on Monday, such as construction, n...

South Korea’s 2025 minimum wage rises 1.7%; SMEs seen suffering

South Korea has set next year’s hourly minimum wage at 10,030 won ($7.3) – a 1.7% increase from this year’s 9,860 won, the second-...

BOK chief signals rate cut; warns of rising housing prices

The time is ripe to prepare an interest rate cut as consumer prices are holding around South Korea’s target of 2%. But it remains uncertain wh...

Won to soften past 1,400, BOK rate cut likely in Oct: poll

The Korean won is forecast to continue its downward spiral and soften past the 1,400 threshold against the greenback this year, while the Bank of Ko...