interest rate Archives | Page 3 of 3

Korean Asset Managers All Smiles in Cash-rich Situation

SEOUL, July 22 (Korea Bizwire) — South Korea’s asset management firms have seen an influx of money this year as their indirect investment vehicles enjoy popularity amid the low interest rate environment, data showed Wednesday. The combined assets under management by local firms reached 812.87 trillion won (US$704.1 billion) as of Friday, up 18.9 percent [...]

More Than 30% of Households Incur New Debts within 2 Years

SEOUL, Dec. 7 (Korea Bizwire) — More than 30 percent of households said they took on new debt within the past two years since 2012. This is mainly due to the Bank of Korea‘s benchmark interest rate cuts in two occasions this year and the government’s measures to relax the regulation on the loan-to-value ratio and [...]