SEOUL, Sept. 1 (Korea Bizwire) — The government on Wednesday decided to raise the rate of workers’ employment insurance next year as the state employment insurance fund is on the verge of being depleted amid the prolonged coronavirus pandemic. The labor ministry’s employment insurance fund committee held a meeting and ratified the decision to raise [...]
SEOUL, Nov. 30 (Korea Bizwire) — Households may have to cope with higher mortgage rates as the Bank of Korea (BOK) raised its key interest rate for the first time in a year, market watchers said Friday. In a widely anticipated move to cool property prices, the BOK lifted its key rate by 25 basis [...]
SEOUL, Jan. 2 (Korea Bizwire) – A hike in the base rate by the South Korean central bank is expected to increase funding costs of local businesses, a report said Tuesday, amid the recent trend of monetary normalization. According to the report published by the Korea Institute of Finance (KIF), if the Bank of Korea [...]