The government has reclassified the three districts of Gangnam (Gangnam, Seocho, Songpa) and all of Yongsan as land transaction permission zones, leading to an increase in the threshold for bank loans. As banks rush to tighten loans, confusion is arising in securing funds for actual demanders. Accor...
Hana Bank has decided not to provide mortgage loans for the purpose of purchasing dwellings in the Seoul area to homeowners with multiple properties starting next week. Hana Bank noted on the 20th that it will suspend the issuance of new mortgages for individuals who own more than one dwelling when ...
The exchange rate of the won against the U.S. dollar in the mid-1400s is settling into a "new normal," prompting banks to actively manage their foreign currency reserves. The banking sector is increasing its cash holdings readily accessible to adapt to the high exchange rates amid the possibility of...
Brad Garlinghouse, the chief executive officer (CEO) of Ripple Labs, the issuer of the cryptocurrency XRP (Ripple), announced on the 19th that the U.S. Securities and Exchange Commission (SEC) will withdraw its lawsuit against the company. Garlinghouse noted on that day on his social media platform ...
U.S. President Donald Trump had a currency with Ukrainian President Volodymyr Zelensky on the 19th (local time). He also explained about the negotiations to end the Ukraine war discussed in a currency with Russian President Vladimir Putin the day before. President Trump noted on the social media pla...
The New York stock market started off strong, waiting for the results of the March monetary policy meeting of the Federal Reserve (Fed) and comments from Fed Chair Jerome Powell. Amid recent market declines, expectations for the 'Fed Put' and bargain buying supported the market rebound. On the 19th ...
The Democratic Party held an emergency general meeting on the 19th to discuss whether to proceed with the impeachment of acting President Choi Sang-mok, but did not reach a conclusion. The party decided to delegate the final decision to its leadership. Democratic Party floor spokesperson Kang Yoo-ju...
The European Union (EU) announced on the 19th (local time) that it will strengthen and implement 'safeguard' measures to limit steel import volumes starting from the 1st of next month. Stefan Sejurene, the EU's chief executive vice president for prosperity and industrial strategy, said this during a...
Koo Ja-eun, chairman of LS, received more than 7 billion won in compensation at LS last year. According to the '2024 Business Report' disclosed by LS on the 19th, Chairman Koo received a total of 70.32 billion won, including a salary of 2.794 billion won and a bonus of 4.223 billion won last year. K...
On the 19th, the Financial Services Commission held its 5th meeting and decided to refer ETRON, a KOSDAQ-listed company, to the prosecution for violating accounting standards in preparing and disclosing its financial statements and to impose a penalty surcharge and designate an auditor for three yea...
