Financial Stability Archives

Policy Pivot, Weak Demand, Property Market Uncertainty Pose Risks to Financial Stability: BOK

SEOUL, Dec. 28 (Korea Bizwire) — A pivot in monetary tightening modes, weak domestic demand and uncertainties over the property market may pose risks to financial stability, although the country’s financial system remains relatively stable, a central bank report showed Thursday. In its report on financial stability, the Bank of Korea (BOK) said market expectations [...]

South Koreans’ Economic Lifespan: Surplus Income Peaks at 43

SEJONG, Nov. 29 (Korea Bizwire) – A recent report from Statistics Korea based on National Transfer Account data from 2021 has revealed that the individual economic journey of South Koreans hits its apex at the age of 43, with surplus income totaling 17.92 million won, only to dip to a deficit from age 61 onwards, with [...]