SEOUL– South Korea’s household credit grew in the second quarter of this year from three months earlier, but its on-year growth slowed for four straight quarters amid tough regulations on lending and rising borrowing costs, central bank data showed Tu…
Read MoreDay: August 23, 2022
Household credit hits record high in Q2 but grows at slower pace amid high borrowing costs
SEOUL– South Korea’s household credit hit a record high in the second quarter of this year but its on-year growth slowed for four straight quarters amid tough regulations on lending and rising borrowing costs, central bank data showed Tuesday.Outstand…
Read MoreSeoul stocks tumble more than 1 pct on rate hike woes; Korean won continues decline
SEOUL– South Korean stocks fell more than 1 percent Tuesday as investors shunned risky assets amid concerns over further aggressive rate hikes by the U.S. Federal Reserve. The Korean won continued to weaken against the U.S. dollar following a sharp dr…
Read MoreS. Korean Bond Yields on Aug. 23, 2022
Today (%) Previous Session(%) Change (BP)1-year TB 2.990 2.961 +2.92-year TB 3.256 3.208 +4.83-year TB 3.281 3.245 +3.610-year TB 3.361 3.342 +1.92-year MSB 3.243 3.194 +4.93-year CB (AA-) 4.270 4.235 +3.591-day CD 2.760 2.760 0.0Source: Yonhap News Ag…
Read MoreS. Korea’s new COVID-19 cases rebound to over 150,000 amid resurgence woes
SEOUL– South Korea’s new daily COVID-19 cases rebounded to over 150,000 Tuesday after declining over the previous five days, with health authorities staying vigilant against the resurgence of the omicron subvariant.The country added 150,258 new COVID-…
Read MoreMilitary reports 1,915 more COVID-19 cases
SEOUL– South Korea’s military reported 1,915 additional COVID-19 cases Tuesday, raising the total caseload among its service members to 254,029, the defense ministry said.The new cases included 1,330 from the Army, 235 from the Air Force, 137 from the…
Read MoreYoon promises to prevent similar tragedies after deaths of mother, 2 daughters
SEOUL– President Yoon Suk-yeol said Tuesday he will take special care of struggling citizens to prevent the recurrence of tragedies such as the recent apparent suicides of a mother and her two daughters.Speaking to reporters as he arrived for work, Yo…
Read MoreFormer Air Force chief questioned over suicide death of servicewoman
SEOUL– Former Air Force Chief of Staff Lee Seong-yong was questioned Tuesday by an independent counsel team looking into the military’s handling of the suicide death of a servicewoman who allegedly suffered sexual abuse.Lee appeared before the office …
Read MoreS. Korea’s daily infections rebound to over 150,000 amid resurgence woes
SEOUL– South Korea’s new daily COVID-19 cases rebounded to over 150,000 Tuesday after declining over the previous five days, with health authorities staying vigilant against the resurgence of the omicron subvariant.The country added 150,258 new COVID-…
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