As the Bank of Korea begins its cycle of interest rate hikes, attention is turning to the impact on household interest burdens and the asset market. If rates continue to rise, borrowers will face increased costs, while deposit rates are expected to climb. However, asset prices in stocks and real estate may remain elevated depending on economic conditions and supply-demand dynamics.According to financial sources, the Bank of Korea will hold a monetary policy committee meeting on the 27th to decid

The Bank of Korea has resumed its interest rate hike cycle for the first time in three and a half years, drawing attention to the magnitude and pace of potential further increases. Unlike previous periods of consecutive hikes, this time, strong exports, particularly in semiconductors, and a recovering domestic economy suggest a gradual approach to raising rates while monitoring economic and financial stability.On August 18, the Bank reported that the base rate was raised by 0.25 percentage point

The target for the growth rate of household loans has doubled, allowing for an annual increase of approximately 30 trillion won. However, immediate normalization of lending is unlikely. The allocation limits and criteria for each bank have yet to be determined, and a significant portion of the funds is expected to be directed toward relocation loans, which may limit the impact on actual homebuyers.According to the financial sector on August 18, the Financial Services Commission and the Financial

Kim Seong-hwan, the Minister of Climate, Energy and Environment, stated on August 18 that the government plans to restart demand forecasting due to increased energy needs. During a briefing session at the government complex in Sejong, he noted that the direction for the 12th Basic Plan for Power Supply and Demand (12th power supply plan) is not yet finalized. The government intends to reassess power demand forecasts through 2040, taking into account significant new electricity demands from s

This summer has been marked by extreme heat, with temperatures in Yangsan, South Gyeongsang Province, reaching 42.5 degrees Celsius, and the metropolitan area also hitting 40 degrees. Experts suggest that this summer's heat is not an anomaly but rather a new norm due to global environmental changes such as jet stream stagnation and rising sea surface temperatures. The Celsius scale, named after Swedish astronomer Anders Celsius, defines the freezing point of water at 0 degrees and the boiling po

The Special Prosecutors' Office, investigating remaining allegations after the third special investigation, announced on August 18 that they have charged Kim Geon-hee and Yoon Han-hong, a member of the National Assembly and former head of the presidential transition team, without detention for their roles in selecting the unqualified firm 21Gram for the construction of the Hannam-dong residence.According to the special prosecutors, Kim and Yoon are accused of abusing their authority in April 202

As the South Korean stock market faced corrections in July, individual investors from Korea concentrated their investments in U.S. stocks related to artificial intelligence (AI), semiconductors, and leveraged products, raising concerns about potential risks in the U.S. market.On August 18, U.S. economic broadcaster CNBC reported, citing data from the Korea Securities Depository, that Korean investors net purchased approximately $4.5 billion (about 6.3 trillion won) in U.S. stocks in July, a sign

The threshold for individual investors looking to invest in single-stock leverage products will increase starting tomorrow.According to the Financial Services Commission, the Korea Exchange will expand its simulated trading service, currently applied to futures, options, and short selling, to include domestic and foreign single-stock leverage investments beginning on the 19th. Individual investors will be required to engage in simulated trading for at least five trading days, with a minimum of o

Saemangeum Smart Waterfront City must prioritize the development of residential infrastructure following its initial sales success, experts say. With Hyundai Motor Group's 9 trillion won investment increasing the likelihood of attracting businesses and workers, the timing of industrial facilities and residential infrastructure will be crucial to the city's success.According to the Saemangeum Development Corporation, 45 residential lots for single-family homes will be offered in September, with p