Demand for household general loans in South Korea surged to its highest level in six years during the second quarter, even as commercial banks tightened their lending standards, the Bank …
A new analysis of Korean seniors’ incomes shows a rapid shift from reliance on family support to public pensions as the cornerstone of their livelihoods. According to a report released …
President Trump announced on Truth Social that he has instructed Defense Secretary Mark Esper to “drastically reduce” the upcoming US–South Korea joint exercises, arguing they send an inappropriate and hostile …
Seizure-protection deposit accounts designed to shield basic living subsidies and pensions from creditor claims have seen rapid uptake, with nearly 1.3 million accounts opened at six major banks and two …
Over the past year, the Porsche Cayenne emerged as the best-selling pre-owned model on KB Capital’s used-car trading platform, KB ChaChaCha. An analysis of transactions from August of last year …
The Korea Fair Trade Commission has granted final approval for the merger of Korea Railroad Corporation (Korail) and SR, the operator of SRT high-speed trains. Under the terms of the …
BNK Busan Bank has become the first regional bank in South Korea to roll out a 24/7 AI voicebot counseling service. The system, introduced at the bank’s Busan headquarters, automatically …
With summer vacations driving more overseas travel, incidents of credit card theft and fraud have risen, prompting financial authorities to urge travelers to exercise extra caution when using cards abroad. …
The share of nationwide residential comprehensive real estate tax (CRET) paid by taxpayers in Seoul’s Gangnam, Seocho and Songpa districts reached 32.9% last year, marking the first time in five …
The International Monetary Fund (IMF) has modestly cut its global growth projection for 2024 while sharply raising its outlook for South Korea, reflecting divergent impacts from the Middle East conflict …
