Korean financial system Archives

Household Debt, U.S. Rate Hike Pose Threats to S. Korean Financial System

SEOUL, Nov. 3 (Korea Bizwire) — Growing household debt and a looming U.S. rate hike are two major systemic risks facing South Korea’s financial system, a survey showed Thursday. The household debt issue topped the list of key systemic risks cited by market watchers at 70 percent, compared with 54 percent in April, according to [...]

Vultures Earn 130 Bil. Won from No-money-down Takeover…FSS

SEOUL, Sep. 25 (Korea Bizwire) – A study said that the so-called vulture capitalists have enriched themselves with a profit of 130 billion won for the past three years by taking over 15 firms with no capital investment. As of the end of July this year, a total of 500 billion won in market value [...]