General

(EDITORIAL from Korea Herald on July 10)

South Korea’s household loans surged at an embarrassing pace last week, ringing alarm bells for financial authorities over local home buyers rushing to take out mortgage loans from banks, often beyond their repayment capacity, in a bid to ride a reco…

Early repayment charges to be lowered from mid-January next year

Early repayment charges on loans will be lowered from mid-January next year as financial regulators revised rules, officials said Wednesday.

Under the revised rules, lenders will only be allowed to collect the actual cost of making or handling the l…

Conscript who killed girlfriend to be taken to Bangkok today

Chiang Rai, Police interrogated a conscripted soldier who brutally killed his girlfriend, a housekeeper at the parliament, and hid her body in an apartment after being arrested last night. He confessed to stabbing his lover in the chest out of jealou…