August 23, 2024

U.S. economy likely to avert hard landing: BOK report

The U.S. economy is unlikely to face a hard landing as the world’s largest economy is maintaining decent growth momentum, a report from the Bank of Korea (BOK) showed Friday.

In its latest report, the central bank said the U.S.’ labor market is in t…

Private spending recovery to gather steam: BOK report

South Korea’s private spending is expected to gather momentum down the road, although its pace may be slower than expected, a report from the Bank of Korea (BOK) showed Friday.

According to the report, the country’s domestic demand has been lacklust…

(EDITORIAL from Korea Herald on Aug. 23)

In June, the Financial Services Commission announced that the tougher rules on household loans would be applied from September, instead of July — a sudden schedule change that was feared to send wrong signals to the markets.

South Korea’s top finan…

(EDITORIAL from Korea JoongAng Daily on Aug. 23)

The Seoul Central District Prosecutors’ Office on Thursday reported to Prosecutor General Lee One-seok about the results of its investigation into first lady Kim Keon Hee’s acceptance of a luxury handbag from a suspicious pastor two years ago. The pr…

(EDITORIAL from Korea Times on Aug. 23)

The medical crisis triggered by a strike by junior doctors in February, which protested the government’s plan to increase medical student admissions, remains unresolved with no clear end in sight. Emergency rooms are facing severe challenges due to a…