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...
Rhee Chang-yong, governor of the Bank of Korea (BOK), warned on Thursday that mounting household debt is now undermining both private consumption an...
The National Pension Service (NPS), the world’s third-largest pension fund, has been further diversifying its portfolio through increased expo...
TIEN GIANG, VIETNAM – Off the coast of Vietnam’s Tien Giang Province, 36 wind turbines spin steadily with a constant whoosh and swish, g...
Shinhan Financial Group Co., South Korea’s leading financial holding company, is poised to surpass 1 trillion won ($692 million) in annual net...
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 ...
South Korean pension funds are raising their bets on infrastructure and global stocks, while reducing exposure to the domestic stock market on a dow...
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...
South Korea’s household lending market is witnessing a balloon effect as tighter government lending rules for Seoul and its surrounding metrop...
The National Pension Service (NPS), South Korea’s largest institutional investor, has selected Koramco Asset Management Co. and Hana Alternati...
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 Electronics Co. ranked as the top TV brand for consumer satisfaction in the US, according to the 2024 American Customer Satisfaction Index (...
Kookmin Bank, South Korea’s largest lender under KB Financial Group, will tighten lending to curb mortgage loan growth in line with the govern...
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...
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...
South Korea’s household debt is expanding at the fastest pace in over three years, clouding growth in Asia’s fourth-largest economy and ...
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...
Private credit continues to lure investors, not least within one of the largest areas of private credit, direct lending. Providing reliable income s...
Sovereign wealth fund Korea Investment Corporation (KIC) seeks opportunities in direct lending for companies that are not cyclically sensitive and g...
As the Federal Reserve signaled delays in rate cuts after meeting earlier this month, more investors have adopted for a wait-and-see attitude. Those...
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...
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...
South Korea may inject some 2 trillion won ($1.5 billion) into Korea Development Bank (KDB) by the end of this month to support the state-run bank's...
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...
South Korean limited partners will tap private debt as their most preferred asset class in 2024 to secure stable income amid geopolitical conflicts an...
Youngone Corp., a South Korean clothing manufacturer to global outdoor brands like The North Face and Patagonia, said on Thursday it has decided to ...
South Koreans expect inflation to slow over the next 12 months, providing relief to the central bank’s hawkish stance that policy rates should...
South Korea’s second-largest conglomerate SK Group is accelerating its net zero transition with its affiliates agreeing to buy 537 gigawatts h...
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...
Seoul-based brokerage firm Korea Investment & Securities Co. (KIS) has raised $400 million in new bonds to strengthen its investments in the US ...
HD Hyundai Electric Co., the electrical equipment and energy solution company under South Korea’s shipbuilding giant HD Hyundai Co., has joine...