Mortgage Korea Latest Information

 

Homebuyers Back as South Korea Aims to Awaken Market
After moving six times in 10 years, Choi Youn Ho, a 46-year-old chemical researcher, said he is hopeful easier mortgage rules will finally allow him to buy a home on the outskirts of Seoul for his family of four. South Korea loosened banks' mortgage restrictions this month as Finance Minister Choi Kyung Hwan, appointed in July, seeks to revive a stagnant property market in Asia's fourth-largest ...

Homebuyers Back as Korea Aims to Awaken Market: Mortgages
Residential buildings stand in the Samseon-dong area of Seoul, South Korea. The government increased the loan limit for homebuyers to 70 percent of a property’s value from as low as 50 percent, starting this month.

Korea ETFs in Focus on Stimulus Plan, Interest Rate Speculation (revised)
Rocky trading in the Korea ETF market has been seen, largely thanks to uncertainty over interest rates and the new stimulus plan.

S. Korea cuts key rate for 1st time in 15 months
SEOUL, South Korea (AP) — South Korea's central bank cut its key interest rate for the first time in 15 months on Thursday, providing support to an economy dragged down by the shock of a ferry sinking that killed hundreds of teenagers.

Business Highlights
Bank of America settlement likely to benefit few

S.Korea cuts rate in policy shift seen pressured by govt
* Base rate cut to 2.25 pct vs 2.50 pct (Reuters poll 2.25 pct) SEOUL, Aug 14 (Reuters) - South Korea's central bank cut the benchmark interest rate for the first time in 15 months on Thursday, a dramatic shift from its hawkish policy stance that many analysts see as caving in to government pressure to shore up faltering growth. The Bank of Korea's monetary policy committee cut its base rate by ...

South Korean watchdog probes major banks for rate-rigging
Seoul, Aug 27 (IANS) South Korea's anti-trust watchdog has launched a probe into four major commercial banks on allegations that the lenders colluded on setting deposit and lending rates after the central bank's policy rate cut, media reports said. The Fair Trade Commission (FTC) sent six investigators each to Kookmin, Woori, Shinhan and Hana banks Tuesday and Wednesday to look into whether the ...

Korea ETFs in Focus on Stimulus Plan, Interest Rate Speculation (revised) - ETF News And Commentary
Korea ETFs in Focus on Stimulus Plan, Interest Rate Speculation (revised) - ETF News And Commentary

Regional News
SEOUL, South Korea (AP) - South Korea's central bank cut its key interest rate for the first time in 15 months on Thursday, providing support to an economy dragged down by the shock of a ferry sinking that killed hundreds of teenagers.

Three quarters of South Korea popped in online gaming raids
Records used to plunder game items, sold off to low lifes Three quarters of South Korea's population have been compromised in a massive data breach affecting 27 million people.…

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