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News
Exclusive: Banks' Loan Rates Dip Slightly Despite Benchmark Cuts
12+ hour, 10+ min ago (325+ words) Net add-on rates rose 0.57 percentage points, shifting burden to borrowers as loan growth caps tighten ◇When loan benchmark rate drops 0.72 percentage points, actual rate falls 0.15 percentage points However, the actual household loan rates at these 14 banks decreased only from 5.68% to…...
Kim Seong-su Apologizes for 'Brother-in-Law' Sublease Suspicions
14+ hour, 2+ min ago (240+ words) Addresses below-market rent, 34-month unpaid lease in Gangnam apartment deal Justice candidate Kim Seong-su apologized on the 14th during a parliamentary confirmation hearing regarding suspicions of a sublease arrangement for a Gangnam apartment, dubbed the "brother-in-law advantage." Kim stated during the…...
Korea Housing Finance Corporation Assists 3,898 Jeonse Fraud Victims
1+ day, 1+ hour ago (11+ words) chosun.com...
The Worst Leader is Incompetent but Diligent
1+ day, 2+ hour ago (450+ words) The worst leader is not the lazy and incompetent one who drinks alcohol and hunts for gourmet restaurants. Borrowing Hammerstein’s classification, the actual worst is the leader who is incompetent but believes himself competent—even diligent. In an organization with…...
Foreigners End 3-Year 7-Month Bond Buying Streak
1+ day, 14+ hour ago (358+ words) Korean Treasury Yields Surge Past 4% as Foreign Demand Weakens ◇ Reduced Incentive for Foreigners to Buy Korean Bonds The sharp decline in "carry trade incentives" is cited as the primary reason for the weakened foreign demand. When foreign investors convert dollars…...
Exchange Rate, Tax Benefits Revive Art Investment
1+ day, 14+ hour ago (793+ words) South Korea's art market rebounds 6% as wealthy buyers capitalize on won strength, favorable tax rules, and post-pandemic price corrections Money is flowing back into the art investment market, which had frozen for a while. The art industry cites three major…...
Samsung Introduces FTE-Based AI Efficiency Evaluations
4+ day, 1+ hour ago (242+ words) South Korean firms expand AI performance reviews to include token cost-effectiveness, linking promotions to measurable labor savings A trend of “AI performance reviews” is sweeping South Korean businesses. Companies that initially encouraged AI adoption with slogans like “Just try using…...
Second KDRT Arrives in Nepal as Reconstruction Team of Eight
4+ day, 10+ hour ago (12+ words) Second KDRT Team of 8 Arrives in Nepal for Reconstruction Efforts chosun.com...
Korea Fair Trade Commission Deliberates Airline Supply Seat Obligation Changes
4+ day, 12+ hour ago (11+ words) chosun.com...