Analysis of the Trending Domestic Stock Market
Economic Trends in South Korea The domestic stock market in South Korea continues to trend within a box range, with the KOSPI index managing to regain the 2,500 point range but failing to show any further upward trend. The recent decision by the Bank of Korea to freeze the base interest rate for the seventh […]
Interest Rates on Home Loans from Banks Rise for Third Consecutive Month
Interest rates on Home Loans from Banks Continue to Rise According to data released by the Bank of Korea, interest rates on home loans from banks have been increasing for the past few months. In October, the deposit and lending interest rates of deposit banks saw a rise compared to September, indicating a trend of […]
Analysis of KOSPI and KOSDAQ Stock Market Trends on November 27th, 2023
Market Report Analysis of KOSPI’s Performance Yesterday, the KOSPI closed at the 2,500 mark after experiencing net sales by foreign investors. The index has been trading at this level for the past five consecutive days, exhibiting a sideways movement and remaining trapped in a box index. The lack of leading stocks has resulted in individual […]
Bank of Korea Decides to Maintain Base Interest Rate Amid Uncertainty
**Bank of Korea Decides to Freeze Base Interest Rate Amid Uncertainty** *By Reporter Yoo Seon-il* *Published on Money Today Sejong at 2023.10.21 05:40* [Seoul=Newswire] – The Monetary Policy Committee of the Bank of Korea announced its decision to maintain the base interest rate at 3.5% annually. This marks the sixth consecutive freeze in interest rates. […]
Interest Rates Frozen Again Amid Securities Market Worries about Weak Fourth Quarter Performance
Interest Rates Remain Frozen as Securities Market Concerned About Weak Fourth-Quarter Performance By Park Ye-seul | Posted on October 21, 2023, 07:00:00 Investor Deposits Increase Amid Prolonged High Interest Rate Period The Bank of Korea has decided to freeze interest rates for the sixth consecutive time. With the high interest rate period lasting longer than […]
Rising Number of Multiple Debtors in South Korea: Record 4.48 million
The Number of Multiple Debtors Reaches Record High Financial authorities intensify surveillance and control on vulnerable financial class A staggering 4.48 million households were identified as multiple debtors, the highest recorded figure to date, according to the Bank of Korea. Multiple debtors, who borrow from three or more financial institutions, are considered vulnerable in the […]
The Bank of Korea Generates 16 Billion Won in Profit from Selling Discarded Coins in 10 Years
The Bank of Korea Generates Over 16 Billion Won in Profits from Selling Discarded Coins Over the Past Decade Data reveals significant earnings for the Bank of Korea through the sale of discarded coins In an eye-opening revelation, Representative Seo Young-kyo from the National Assembly’s Planning and Finance Committee presented data on the 13th that […]
Bank of Korea Governor Expresses Concerns over Low Growth and Aging Population
Bank of Korea Governor Warns of Low Growth Potential Due to Internal Factors Bank of Korea Governor Lee Chang-yong has expressed concern over the possibility of low growth in Korea, citing internal factors such as a low birth rate and aging population. In an interview with CNBC during his visit to Marrakech, Morocco for a […]
The Impact of the US Federal Reserve’s Freeze on Korea’s Base Interest Rate
US Interest Rate Freeze Deepens Concerns for Bank of Korea The US Federal Reserve’s decision to freeze its base interest rate has exacerbated concerns for the Bank of Korea, as the interest rate gap between the two countries widens to an all-time high of 2.0 percentage points. While the current gap remains stable, the possibility […]
Multiple Typhoons Strike Korea Simultaneously, Mysterious 11th Typhoon Looms
Three Typhoons Simultaneously Hit Korea, 11th Typhoon Raises Suspicion In an unprecedented event, three typhoons are converging around the Korean Peninsula, with the 11th typhoon being closely monitored due to its suspicious behavior. While Typhoon No. 9, named Saola, and Typhoon No. 10, known as Damrei, are not expected to have a direct impact on […]
