Results for South Korea
- Regulations Fail To Stem Debt Rise
Financial authorities have vowed to throw everything they have at the country’s consumer debt mountain, which now threatens to outstrip an entire year’s gross domestic product (GDP). But to the majority of observers, it appears the officials are doing no ...
Daily Headline - global.abi.org - 08/25/2011 - 22:00 - 0 comments
- Most Big Builders Sit On Verge Of Bankruptcy
Korea’s increasingly toxic housing market is now threatening to wipe out the cream of the crop in its construction industry, a private think-tank claims. High on the endangered list are builders like Daewoo, Lotte, Ssangyong, Halla, Kolon and Keangnam, ...
Daily Headline - global.abi.org - 08/24/2011 - 22:36 - 0 comments
- Investor Suicides Offer Clue in a Bellwether
If our world has any place that acts like a financial early warning system, it’s South Korea. With high short-term debt levels and little to cushion it from destabilizing global events, Korea is often the first of the top 15 economies to zig, zag or hit ...
Daily Headline - global.abi.org - 08/23/2011 - 22:43 - 0 comments
- Government Out Of Options On Inflation
Korean policymakers are at a loss. For seven months they chucked everything plus the kitchen sink at the beast of inflation, only to be kicked in the teeth by alarming consumer price index (CPI) figures that underscored the futility of their efforts, T ...
Daily Headline - global.abi.org - 07/26/2011 - 23:04 - 0 comments
- Central Bank Freezes Rate
The Bank of Korea (BOK) kept the country’s policy rate unchanged at 3.25 percent despite high inflation, as the heightened uncertainty surrounding European financial troubles dissuaded rate setters from hiking, The Korea Times reported. The decision ...
Daily Headline - global.abi.org - 07/14/2011 - 23:09 - 0 comments
- Government To Credit Card Firms: We’re Watching You
In their recent plan to tackle high levels of household debt, South Korea’s regulators included steps to prevent overspending using credit cards. For good reason, The Wall Street Journal Real Time Korea blog reported. South Koreans are particularly f ...
Daily Headline - global.abi.org - 07/05/2011 - 20:24 - 0 comments
- Banks' Lending To Be Restricted
Korea will come up with tighter lending regulations on banks to try and rein in household debt, the head of the nation’s financial watchdog said Thursday, The Korea Times reported. “The financial watchdog will seek to stem excessive growth of househo ...
Daily Headline - global.abi.org - 06/23/2011 - 23:30 - 0 comments
- What Can Be Done To Curb Credit Card Debt?
Credit card companies’ aggressive push for asset growth through loan services is feared to pose a threat to the nation’s already-high household debt, The Korea Times reported in a commentary. Given that a significant portion of the fast-rising amount ...
Daily Headline - global.abi.org - 06/13/2011 - 19:52 - 0 comments
- Savings Bank Crisis Set To Enter Round 2
The next couple of months will be crucial for the future of troubled savings banks, The Korea Times reported. One problem after another has beset the sector and jeopardized the entire financial industry. But there is little guarantee that all the pro ...
Daily Headline - global.abi.org - 06/09/2011 - 22:39 - 0 comments
- South Korea to Weigh Rate Increase as Household Debt Poses Risk for Growth
The Bank of Korea will weigh an interest-rate increase tomorrow as swelling household debt and weakness in the global economy pose threats to growth, Bloomberg reported. Nine of 17 economists expect the benchmark rate will stay unchanged at 3 percent, wh ...
Daily Headline - global.abi.org - 06/08/2011 - 23:08 - 0 comments