South Korea to tighten household borrowing rules from second half
South Korea will tighten borrowing rules from the second half of this year to manage the growth in household debt, the ...
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Bank of Korea resumes rate cuts as economic risks grow
SEOUL: The Bank of Korea cut interest rates by 25 basis points and significantly lowered its GDP forecasts on Tuesday (Feb 25 ...
조선일보1d
Korea allows half of personal training costs deductible in tax reform
Korea allows half of personal training costs deductible in tax reform Government revises tax regulations to enhance personal ...
Asia markets open lower as Trump tariffs dent sentiment; Bank of Korea rate decision on tap
The Bank of Korea is expected to cut rates by 25 basis points in its meeting later in the day, according to a Reuters poll.
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Korea's net overseas financial assets surpass $1 tln for first time in 2024
SEOUL, 27th February, 2025 (WAM) -- The Republic of Korea's net overseas financial assets hit a record high to surpass US$1 trillion for the first time ever last year, Yonhap News Agency reported ...
Yonhap News Agency1d
(EDITORIAL from Korea Herald on Feb. 26)
The central bank's move came after it froze the rate in January to gauge the impact of the two rate cuts made in October and November last year. The one-month pause also reflected concerns about the ...
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Korea's household debt moderates, yet gov't wary of potential resurgence
Korea's household debt was 90.5 percent at the end of 2024, down 93.6 percent from 2023, according to a preliminary estimate.