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No plan to let doctors with foreign licenses practice here anytime soon: PM
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Ador CEO's dismissal to be decided on last day of May
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[Graphic News] Beer the most favored alcoholic drink by Koreans
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Science Ministry expresses regret over Japan’s pressure on Naver
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Haeundae Beach to become sand art museum in late May
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Hostilities get out of hand as YouTuber murders another outside courthouse
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Medical professors set to take day off amid protracted walkouts by junior doctors
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Police officer jumps barefoot into drainage tunnel to save man
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Yoon interacts with public for 1st time since election defeat
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Lee Sun-kyun's posthumuous film to hit theaters in August
[THE INVESTOR] The Bank of Korea held the benchmark rate at 1.25 percent on Aug. 11.
The decision is thought to have been fueled by concerns over rising household debt, and to gauge the effect of the supplementary budget before making changes.
The decision is thought to have been fueled by concerns over rising household debt, and to gauge the effect of the supplementary budget before making changes.
In July, household debt shot by 6.3 trillion won (US$5.7 billion) despite the government’s efforts to curb the rise with tougher loan regulations. Of the rise in July, home-backed loans accounted for 5.8 trillion won. The rise is the largest monthly increase recorded this year.
With household loans soaring, and exports falling, the government plans to roll out stimulus measures worth 28 trillion won, including the 11 trillion won supplementary budget, during the second half of the year.
By Choi He-suk (cheesuk@heraldcorp.com)
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