NSP NEWS

According to the “Financial Market Trends in October 2020,” released by the Bank of Korea, bank household loans increased by 1.6 trillion won last month, showing that the increase was larger than in September, when it had slowed for a while.

The performance of the Export-Import Bank of Korea(hereafter KEXIM) in 2019 was announced in a new year conference.

In a New Year's Tea Party with reporters, Lee Juyeol diagnosed that Korea is not in an urgent situation enough to use measures other than interest rates when compared to other countries with negative interest rates.

Bank of Korea announced survey result about major risky factors of financial system, their probability and stability.

According to the released book on 18th of Sep.

The gold price in KRX Gold Market was 55,410 won per 1g (207,787 won/3.75g), which is the highest price ever and its trading volume also hit the maximum as 149kg.

It was revealed that Japanese funds released into Korea’s low-income financial markets, such as savings banks and the loan industry, exceeded 17 trillion won, In response, financial authorities say that Japanese financial institutions are not likely to recall, and that even if they do, there is no problem as there is not much supply of loans.

KB Kookmin Bank and Hyundai Merchant Marine made the business agreement to build Digital Eco system on export and import business.

Hana Financial Group plans to start the foreign settlement service with electronic payment method in Taiwan.

Last year, household debts amounted to 1534.6 trillion won, the lowest growth rate since 2014 (66.2 trillion won), but the increase trend of household debt was still faster than that of income.