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Silver Loans for the Silver-Haired: Low Interest Loans for Pensioners a Big Success

Silver Loans for the Silver-Haired: Low Interest Loans for Pensioners a Big Success

SEOUL, Jun. 23 (Korea Bizwire) — The National Pension Service’s low interest loan packages dubbed “Silver Loans” are a big hit among its target demographic of pensioners who are 60 and above. Launched in May of 2012, the Silver Loan (officially titled “Rapid Loans for the Elderly Program”) initiative is still going strong with numerous [...]

Corporate Earnings Forecast to Be Higher than Expected: Brokerage Firms

Corporate Earnings Forecast to Be Higher than Expected: Brokerage Firms

SEOUL, Jun. 19 (Korea Bizwire) — South Korean companies’ earnings for the second quarter of the year are forecast to be higher than earlier expected on the back of improving business conditions, industry data showed Sunday. According to the data compiled by industry tracker FnGuide, the combined operating income of 155 major listed firms here [...]

BOK Chief Says Country Will Maintain Monetary Easing Policy to Support Growth

BOK Chief Says Country Will Maintain Monetary Easing Policy to Support Growth

SEOUL, June 13 (Korea Bizwire) – The chief of South Korea’s central bank on Tuesday renewed his stance to maintain the current monetary easing policy to support growth despite a possible U.S. rate hike this week. “As I mentioned yesterday, we will maintain the accommodative monetary policy to help out with economic recovery. We cannot [...]

S. Korea Vows to Take Concentrated Measures Against U.S. Trade Barriers

S. Korea Vows to Take Concentrated Measures Against U.S. Trade Barriers

SEJONG, June 13 (Korea Bizwire) – The South Korean government vowed Tuesday to take all necessary measures to deal with growing U.S. barriers against its trade surplus and steel products. “As the U.S. government has been moving to strengthen trade restrictions and raise barriers, all government ministries need to formulate countermeasures against such developments,” Deputy [...]

S. Korea’s Accumulated Investment in Vietnam Tops US$50 Billion

S. Korea’s Accumulated Investment in Vietnam Tops US$50 Billion

SEOUL, June 13 (Korea Bizwire) – The accumulated investment made by South Korean companies in Vietnam topped the US$50 billion mark as of 2016, with local businesses emerging as the No. 1 foreign investors in the Southeast Asian economy, industry data showed Monday. According to the data compiled by the Korea Trade-Investment Promotion Agency (KOTRA), [...]