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As interest rates rose and housing prices fell, the bestowal of apartments in Seoul decreased

As interest rates rose and housing prices fell, the bestowal of apartments in Seoul decreased

Housing prices have begun to decline in the wake of the recent rate hike. The proportion of bestowal apartments in Seoul has also begun to decrease. The number of bestowal apartments in Seoul in August, compiled by the Korea Real Estate Agency, was 245, accounting for 8.9% of the

The loan interest rate in the 7% range that is solidifying...If you take the big step of the Bank of Korea, 8% is also "in front of your eyes."

The loan interest rate in the 7% range that is solidifying...If you take the big step of the Bank of Korea, 8% is also "in front of your eyes."

The era of loan interest rates in the 7% range is opening for the first time in about 13 years in the wake of a hike in the benchmark interest rate and a rise in market interest rates. The upper part of commercial banks' mortgage rates seems to be

"Toss, sell user information to insurance" vs. "No legal problems or unfair gains."

"Toss, sell user information to insurance" vs. "No legal problems or unfair gains."

Viva Republica, which operates the mobile financial platform "Toss," used its MyData business license to receive an "introduction fee" and sell user information to insurance planners for a fee. Hwang Un-ha of the Democratic Party of Korea claimed on the 3rd that he belatedly notified users.

Trade deficit likely to hit record high of US$48 bln this year: report

South Korea is expected to post a record high trade deficit of nearly US$50 billion this year due to high global energy costs, a report by a private think tank showed Sunday. The country's trade deficit is likely to reach around $48 billion for this year, the

South Korea new virus cases below 20,000 amid waning virus wave

South Korea new virus cases below 20,000 amid waning virus wave

SEOUL, Oct. 3 (Yonhap) -- South Korea's new COVID-19 cases fell below 20,000 on Monday after staying in the 20,000s for the previous three days amid waning virus infections and fewer tests over the extended weekend. The country reported 12,150 new COVID-19 infections, including 132

Samsung SDI showcases battery products, technologies at int'l truck show

Samsung SDI showcases battery products, technologies at int'l truck show

Samsung SDI Co. presented its latest battery technologies and products for commercial vehicles at an international exhibition taking place in Germany this week, the South Korean battery maker said Tuesday. The exhibits at the IAA Transportation Hannover 2022 include the high-nickel prismatic battery cells made with its proprietary silicon carbon

Financial firms continue to close offline offices amid increased use of mobile services

Financial firms continue to close offline offices amid increased use of mobile services

The number of offline offices run by financial firms in South Korea declined more than 1,000 over the past year as the use of mobile services spiked amid their fast transition to digitalization, data showed Tuesday. Local financial companies, including banks and insurers, had run a total of 15,