The Korea Herald

Choi Jae-hee

안녕하세요 Choi Jae-hee 기자입니다.

Articles by Choi Jae-hee

4 out of 10 Seoul apartments bought by 20s, 30s

MarketsSept 23, 2021

On the back of soaring housing prices, a growing number of South Koreans in their 20s and 30s have rushed to buying apartments, with nearly 4 out of 10 Seoul apartments being purchased by those young...
ADB maintains S. Korea’s growth outlook at 4%, trims projection for Asia

EconomySept 22, 2021

The Asian Development Bank on Wednesday maintained its previous 4 percent growth outlook for the South Korean economy this year, on the back of robust exports and mild recovery in private consumption...
Eximbank to provide over $300m to Egypt for railway project

MoneySept 22, 2021

The Export-Import Bank of Korea said Wednesday it will offer more than $300 million in loans to the Egyptian government’s railway modernization project. The state-run policy lender plans to supply a...
KB-Shinhan green fund to finance renewable energy project in Sweden

MoneySept 16, 2021

A green fund jointly invested in by two South Korean banking giants -- KB and Shinhan-- will partly finance a renewable energy project in Sweden, officials said Thursday. The financial holding firms...
New FSC chief, financial giants mull loan maturity extension

EconomySept 10, 2021

Koh Seung-beom, the new chairman of the policymaking Financial Services Commission, met with the heads of South Korea’s five biggest banking groups on Friday to discuss whether to further put off loa...
Eximbank‘s seminar discusses business opportunities in Southeast Asia

MoneySept 9, 2021

The Export-Import Bank of Korea on Thursday held a joint seminar with the Korea Institute for International Economic Policy to discuss business opportunities in Southeast and South Asia. The event w...
FSS warns KB Savings Bank against lax control of soaring household debt

MoneySept 7, 2021

Amid the government’s move to bolster household debt management, the Financial Supervisory Service said Tuesday it has handed down a warning to KB Savings Bank over its loose screening for unsecured ...
Banks’ lending rates inch up amid tighter household debt control

MoneySept 5, 2021

Amid growing pressure from the government’s tightened grip on soaring household debt, South Korean banks’ lending rates sharply edged up in recent months, data showed Sunday. The adjustable rate cha...
Public pension payment to reach W60tr in 2022 amid rapid population aging

EconomySept 5, 2021

South Korea, one of the world‘s fastest aging societies, is facing a steep rise in its public pension payment, data showed Sunday. Nearly 60 trillion won ($53.76 billion) will be taken out from the ...
New FSC chief stresses unity with FSS

EconomySept 2, 2021

Koh Seung-beom, the new chairman of the policymaking Financial Services Commission, vowed Thursday to bolster cooperation with the market watchdog Financial Supervisory Service in a gesture to ease t...
[Herald Interview] ‘Empowerment of individuals, solution for fair market,’ says WallStreetBets founder

MoneySept 1, 2021

The way to create a fair market for all is to empower individual investors to keep bureaucratic power in check, the founder of WallStreetBets, a group of US retail investors behind the GameStop saga,...
Amateur investors demand tougher penalties for illegal short selling

MarketsSept 1, 2021

In an attempt to deter massive short selling of shares of anti-cancer drugmaker HLB, an army of some 2,200 retail investors flocked to the tech-heavy Kosdaq, 30 minutes before market closing on July ...
Every South Korean to face W100m of national debt in 2038: study

EconomyAug 30, 2021

South Korea’s national debt per person is expected to grow at a fast clip to reach 100 million won ($85,800) in 2038 as a result of government’s expansionary spending to keep its economic growth in l...
FSC chief nominee hints at tougher measures to curb household debt

FinanceAug 27, 2021

Financial Services Commission Chairman nominee Koh Seung-beom said Friday that the financial regulator plans to take additional policy actions to curb a sustained increase in household debt, citing h...
SMEs, borrowers brace for impact of rate hike

FinanceAug 26, 2021

Businesses and individual borrowers in South Korea voiced criticism on Thursday over the central bank’s decision to raise its key interest rate for the first time in 15 months, due to a possible incr...