South Korea’s five major banks also had their average mortgage rates move within a band of 5.47 per cent and 8.11 per cent.
The move would also ease the debt burden on people who have taken out loans to survive during the COVID-19 pandemic, or to buy homes, said observers. “As such, consumer spending and economic activity can be more sensitive to monetary tightening and to any decline in housing prices,” said Mr Rhee. “For the richer part of the households, they will probably not want to get any more housing at the current time, because the price of housing is dropping so quickly,” said Dr Yang Jun-sok, economics professor at the Catholic University of Korea.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'The best actor': Na Chul of Little Women and Vincenzo fame dies at 36SEOUL – South Korean actor Na Chul, who was known for playing several supporting roles in prominent K-dramas, has died at the age of 36. According to South Korean media, his health worsened recently and he died last Saturday morning while undergoing treatment in hospital. The reason for his illness was not disclosed, and his funeral was held in Seoul...
Source: asiaonecom - 🏆 10. / 59 Read more »
S. Korean actor Na Chul of Little Women, Vincenzo fame dies at 36SEOUL – South Korean actor Na Chul, who was known for playing several supporting roles in prominent K-dramas, has died at the age of 36. According to South Korean media, his health worsened recently and he died last Saturday morning while undergoing treatment in...
Source: thenewpaper - 🏆 7. / 63 Read more »
Investing in South Korean stocks to get easier for foreigners in 2023 - regulatorSEOUL : South Korea plans to scrap a number of regulations in the local stock market within this year to make investment easier for foreign investors, its financial regulator said on Tuesday, in an effort to bring in more money into the market.The Financial Services Commission said in a statement there wa
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
No plans to expand Six Nations, says CEO amid South Africa interest:Six Nations Chief Executive Ben Morel said there are no plans to expand the championship or change the participants, amid media reports of interest from South Africa's rugby union.South Africa have been increasingly aligning themselves with the northern hemisphere, with four clubs joining the United Rugby Ch
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
K-drama actor Na Chul from Vincenzo and Little Women dies at 36The South Korean actor, who also appeared in Jirisan and Weak Hero Class 1, had just celebrated his birthday last December. How many jabs? At least he was fully vaxxed or else it could have been worse for him.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Joe Biden nominates North Korea human rights envoy, first since 2017SEOUL - The White House on Tuesday (Jan 24) nominated a special envoy for human rights in North Korea, moving to fill a post that has been empty since 2017 amid debate over how rights issues fit with efforts to counter Pyongyang's nuclear weapons programme. President Joe Biden nominated Julie Turner, a long-time diplomat and current director of the Office...
Source: asiaonecom - 🏆 10. / 59 Read more »