NSP NEWS

The Korean housing market recovered, demonstrated by an increased mortgage of 45.1 trillion won in 2023.

After recently uncovering tens of billions in illegal short selling by foreign investment banks (IBs), financial regulators are once again warning against illegal short selling.

Although simple payment services are expanding, the share of card companies’ services within simple payment appears to be continuously decreasing.

The BOK’s Monetary Policy Committee cited rising household debt and uncertain external conditions as reasons for keeping the base interest rate unchanged at 3.5 per cent.

South Korea’s foreign exchange reserves declined $1.24 (or 165,436,000,000 won) due to FX stability and swaps with the National Pension Service.

79.3% of Korean SMEs saw worse or less 2023 performance than last year, bringing the need for various financial supports, including cutting interest rates for SMEs.

The consumer price inflation rate last month(year-on-year) was 3.8%, up 0.1 percentage points compared to September.

OK Financial Group has returned the money lending business license held by Apro Financial Loans(Rush & Cash), concluding its withdrawal from the lending business.

Treasury yields rose sharply on expectations of a prolonged tightening by the US Federal Reserve(Fed) and renewed inflation fears amid rising oil prices.

Mastern Investment Management earned the highest five-star rating from the Global Real Estate Sustainability Benchmark (GRESB).