BOK chief warns household debt near tipping point, keeps rates steady
Rhee Chang-yong, governor of the Bank of Korea (BOK), warned on Thursday that mounting household debt is now undermining both private consumption an...
Vietnam, gateway for SK Group’s global renewable energy push
TIEN GIANG, VIETNAM – Off the coast of Vietnam’s Tien Giang Province, 36 wind turbines spin steadily with a constant whoosh and swish, g...
Korea’s OCI, Israel’s Arava Power to jointly build solar cell plant in Texas
OCI Energy Co., a US subsidiary of South Korea’s OCI Holdings Co., and Israel’s Arava Power will jointly build a solar cell power plant ...
China's Miniso re-enters S.Korea
Miniso, a household goods store known as "the Chinese version of Daiso", has re-entered South Korea after three years.According to the retail indust...
Korea’s household debt sees ‘balloon effect’ as rules tightened in Seoul
South Korea’s household lending market is witnessing a balloon effect as tighter government lending rules for Seoul and its surrounding metrop...
Korea’s financial exposure to real estate nearly doubles in 10 years
South Korea’s financial exposure to real estate has nearly doubled over the past decade, with lending to households making up about half. The ...
Samsung tops US consumer TV satisfaction study
Samsung Electronics Co. ranked as the top TV brand for consumer satisfaction in the US, according to the 2024 American Customer Satisfaction Index (...
Kookmin to tighten loan limits to cool housing market
Kookmin Bank, South Korea’s largest lender under KB Financial Group, will tighten lending to curb mortgage loan growth in line with the govern...
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 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...
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 ...
Mirae Asset's India Billion Consumer ETF surpasses $150 mn in net assets
South Korea's Mirae Asset Global Investments said on Thursday that the net assets of its TIGER India Billion Consumer ETF surpassed 200 billion wo...
Affinity extends tender offer for food container maker Lock&Lock
Hong Kong-based Affinity Equity Partners is set to extend its tender offer for South Korean food container maker Lock&Lock Co. shares, as the pr...
Korea’s household debt growth at 5-month high on mortgages
South Korea’s household lending growth hit a five-month high in April as mortgage loans increased amid signs of a recovery in the property mar...
S.Korean government seeks to lower streaming service rates
The South Korean government is seeking to lower the country’s video streaming service, or over-the-top (OTT) media service, rates as part of i...
SK Group to buy 537 GWh green power from SK E&S
South Korea’s second-largest conglomerate SK Group is accelerating its net zero transition with its affiliates agreeing to buy 537 gigawatts h...
Japanese furniture brand Nitori to open first store in Korea
Nitori Co., dubbed Japan's IKEA, is slated to open its first store in South Korea next week, accelerating its Asia-centered expansion push, while su...
HD Hyundai joins $14 mn offshore wind power project
HD Hyundai Electric Co., the electrical equipment and energy solution company under South Korea’s shipbuilding giant HD Hyundai Co., has joine...
Korea’s household, business loans on upswing in September
South Korea’s household debt continued to rise for the sixth consecutive month in September despite stricter regulations on mortgages, while b...
BOK chief’s top mission: Soft landing for household debt
South Korea’s central bank chief on Thursday vowed to reduce household debt without causing a severe economic downturn as the Bank of Korea he...
BOK warns of household lending risk on growth, inequality
South Korea’s central bank warned that household lending in the country has leaped to the world’s third highest and could hurt long-term...
BOK keeps door open for another rate hike on Fed, debts
South Korea’s central bank on Thursday kept the door open for another interest rate hike after leaving the policy borrowing cost unchanged for...
Heyday over for Amorepacific, LG Household in China’s beauty market
Amorepacific Corp. and LG Household & Health Care Ltd., basking in the global K-beauty boom, reaped handsome profits in China, the world’s...
Korea's loan delinquency rates soar; outlook to worsen in H2
South Korean banks are seeing loan delinquency rates surge due to the increase in lending during the pandemic and a series of rate hikes. The rates ...
Seoul to lower bar for multi-child family subsidies to raise birth rate
The Seoul Metropolitan Government will change the definition of multi-child families from those with three or more kids younger than 13 to household...
S.Korea to invest $2.6 bn in quantum technology by 2035
South Korea will spend 3.5 trillion won ($2.6 billion) on quantum science and technology development by 2035 in partnership with the country’s...
NuScale in talks to build SMR plant in S.Korea: NuScale CEO
NuScale Power Corp., the world’s leading small modular reactor (SMR) developer, may land in South Korea sooner than its rivals with its unriva...
Hugel names ex-CEO of LG Household & Health Care as chairman
South Korea's biopharmaceutical company Hugel Inc. on Friday said it appointed Cha Suk-yong, former CEO and vice chairman of LG Household & Heal...
S.Korea's household assets rise to record high in 2022
Average household net assets in South Korea in 2022 increased 10% to a record 456 million won ($350,000) from a year earlier, while it took longer...
S.Korea sees first decline in household loans in 20 years
Household loans in South Korea last year fell from 2021 for the first time in 20 years because of high interest rates, but credit card debt hit a re...
