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News
Korean Households Face 6.5 Trillion Won More in Annual Interest if Rates Rise 0.5 Point
3+ day, 19+ hour ago (405+ words) Middle- and Low-Income Households to Shoulder 2.3 Trillion Won of the Increase A 1-Percentage-Point Rise Would Add 13.1 Trillion Won in Interest Rising Rates Deepen Repayment Strain and Default Risk for Vulnerable Borrowers A 1-percentage-point rise in interest rates would add 13.1 trillion…...
Half-Point Rate Rise Would Add 6.5 Trillion Won to Household Interest
4+ day, 1+ hour ago (356+ words) Middle- and Low-Income Households Would Bear 2.3 Trillion Won of the Increase A Full Percentage Point Would Add 13.1 Trillion Won Back-to-Back BOK Hikes Raise Concerns Over Vulnerable Borrowers South Korean households could pay an additional 6.5 trillion won ($4.7 billion) in annual interest…...
Korea Cuts Retail Treasury Bond Premium to a Third in Four Months
4+ day, 20+ hour ago (273+ words) 5-Year Bonds Offer 0.1%, 10-Year Bonds 0.35% Premiums Have Fallen Steadily Since June Higher Market Rates Erode Investment Appeal Combined Yields on 10- and 20-Year Bonds Also Slip Still Worth Considering for Retirement Portfolios The premium paid on South Korea's treasury bonds for…...
Korean Banks Raise Deposit Rates as Money Shifts Back to Savings
1+ week, 3+ day ago (209+ words) Shinhan Bank Lifts Deposit Rates by Up to 0.3 Percentage Points Industrial Bank of Korea Offers Up to 3.76% on SME Finance Bonds Time Deposits at Five Major Banks Jump 20 Trillion Won in a Month KB Kookmin Bank and Hana Bank are…...
Inflation and Rate Shock Test Korea's Fiscal Expansion Push
1+ week, 3+ day ago (291+ words) Seoul Economic Daily A double shock of high inflation and high interest rates has hit South Korea's economy Consumer prices rose 3.1% in August from a year earlier, returning to the 3% range for the first time in two months, Statistics Korea…...
Korea Central Bank Sees September Inflation Easing but Core Prices Rising
1+ week, 4+ day ago (215+ words) Bank of Korea Holds Price Review Meeting The Bank of Korea said on the 2nd that September consumer price inflation will come in below August's reading, but that underlying price pressures will persist, led by core items. Lee Ji-ho, deputy governor…...
President Flags 3.5% Rate Path, Rattling Korea's Bond Market
1+ week, 6+ day ago (239+ words) Lee cites forecast for Bank of Korea rate to reach 3.5% in first quarter of next year Central bank had signaled just one more hike, easing market concerns over tightening Treasury yields face renewed upward pressure as rate rises are tied…...
Korea Inflation Likely Back Above 3% as Budget Bill Nears
2+ week, 7+ hour ago (233+ words) Government to Unveil Next Year's Budget Plan The South Korean government this week will unveil a record budget plan of more than 800 trillion won for next year. Data on recent price trends and industrial activity, including output, investment and consumption,…...
Korea Central Bank Seen Raising Rate Again in August
2+ week, 6+ day ago (385+ words) Seoul Economic Daily August Rate-Setting Survey Above-3% Growth Expected This Year Amid Inflation Concerns 65% of Experts Forecast Back-to-Back Rate Hike Even Those Expecting a Hold See Further Hikes Ahead A Rate Hike Would Add Upward Pressure on Bond Yields 80% Say…...
Korea Household Debt Tops 2,000 Trillion Won for First Time
3+ week, 3+ day ago (286+ words) Up 25.9 Trillion Won, Largest Gain in 4 Years and 9 Months Margin Lending Pushes Credit Loans Past Mortgage Growth for First Time in 5 Years Consumption and Long-Term Growth Seen at Risk [[B3]] Within household credit, loans from financial institutions reached 1,891.3 trillion won, up…...