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  Banks' household loans down for 3rd straight month in Nov. amid soaring borrowing costs

  SEOUL, Dec. 8 (Yonhap) -- Household loans extended by banks in South Korea declined for the third straight month in November amid soaring borrowing costs in line with the central bank's rate hikes to fight inflation, data showed Thursday.Banks
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  BOK underlines need to maintain monetary tightening as inflation could stay high

  SEOUL, Dec. 8 (Yonhap) -- The Bank of Korea (BOK) on Thursday underlined the need to maintain its monetary tightening "for the time being" to bring down inflation that is expected to stay much higher than its target level."Since it
• S. Korea added largest number of jobs in 5 years in 2021

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  By Kang Yoon-seungSEJONG, Dec. 8 (Yonhap) -- South Korea added the largest number of jobs in five years last year on the back of the retail and welfare sectors, data showed Thursday.The country's total jobs reached 25.58 million last year, up 850
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  Workforce of tour agencies nearly halves over 3 years on pandemic

  SEOUL, Dec. 8 (Yonhap) -- The workforce of major South Korean travel agencies has nearly halved over the past three years due to the coronavirus pandemic, with the number of tour firms also plummeting, industry data showed Thursday.The headcount of i
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  Asset management firms' Q3 net down 42 pct on falls in fees, investment profits

  SEOUL, Dec. 8 (Yonhap) -- Asset management firms in South Korea saw their combined net earnings plunge more than 40 percent in the third quarter due to declined fees and profits from securities investments amid sluggish financial markets, data showed
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  Seoul, Tokyo to increase flights on Gimpo-Haneda route to pre-pandemic level

  SEOUL, Dec. 7 (Yonhap) -- South Korea and Japan have agreed to expand the number of flights on the Gimpo-Haneda route to the pre-pandemic level to meet recovering travel demand amid eased virus curbs, the transport ministry said Wednesday. Korean Air
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  (LEAD) S. Korea's key policy rate likely to peak at 3.5 pct next year: S&P

  (ATTN: UPDATES with additional info in last 3 paras)By Kang Yoon-seungSEOUL, Dec. 7 (Yonhap) -- South Korea's central bank will continue raising its key policy rate, possibly peaking at 3.5 percent in 2023, an economist at global credit appraiser
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  S. Korea to support bio firms' 13 tln won investment by 2026

  SEOUL, Dec. 7 (Yonhap) -- South Korea will push for deregulation and provide various supportive measures for bio companies to promote their planned investment and nurture the sector as a new growth engine, the industry ministry said Wednesday.Samsung
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  Single-member households hit record high in 2021

  By Kang Yoon-seungSEOUL, Dec. 7 (Yonhap) -- The proportion of one-person households in South Korea hit a fresh record last year, data showed Wednesday, as more young people delayed marriages.One-person families accounted for 33.4 percent of the total
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  S. Korean banknotes' life span grows on increased reliance on noncash transactions

  SEOUL, Dec. 7 (Yonhap) -- South Korean banknotes saw their lifetimes increase on-year in 2022 as people use less cash and depend more on credit cards and internet banking for transactions, a central bank report showed Wednesday.According to the repor
• Banks' bad loans down 5.5 pct in Q3

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  SEOUL, Dec. 7 (Yonhap) -- South Korean banks' nonperforming loans declined 5.5 percent in the third quarter from three months earlier as bad loans extended to businesses shrank, data showed Wednesday.Bad loans held by local banks reached 9.7 tril
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  (LEAD) FSS chief vows continued efforts to monitor short-term money market, take timely action against volatility

  (ATTN: ADDS more info in last 2 paras; CHANGES photo)SEOUL, Dec. 7 (Yonhap) -- South Korea's financial regulator will keep up its monitoring on short-term money and remain ready to take action in case market volatility spikes amid lingering worri
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  S. Korea's key policy rate likely to peak at 3.5 pct next year: S&P

  By Kang Yoon-seungSEOUL, Dec. 7 (Yonhap) -- South Korea's central bank will continue raising its key policy rate, possibly peaking at 3.5 percent in 2023, an economist at global credit appraiser S&P Global Rating said Wednesday.The Bank of Korea
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  FSS chief vows continued efforts to monitor short-term money market, take timely action against volatility

  SEOUL, Dec. 7 (Yonhap) -- South Korea's financial regulator will keep up its monitoring on short-term money and remain ready to take action in case market volatility spikes amid lingering worries over a liquidity crunch, its chief said Wednesday.
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  Philippines seeks cooperation with S. Korea on nuclear power plant project

  SEOUL, Dec. 7 (Yonhap) -- The Philippines on Wednesday renewed its calls for cooperation with South Korea regarding its push to resume the long-stalled project to build a nuclear power plant, Seoul's industry ministry said.Mark O. Cojuangco, chie
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  New rules push major firms to tap more female outside directors

  SEOUL, Dec. 7 (Yonhap) -- The number of female outside directors at major South Korean companies has risen sharply over the past year due to a tougher law, a corporate tracker said Wednesday.A total of 219 firms belonging to the country's top 30
• Top headlines in major S. Korean newspapers

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  SEOUL, Dec. 7 (Yonhap) -- The following are the top in major South Korean newspapers on Dec. 7.Korean-language dailies-- Reporters Without Borders, 'President Yoon Suk-yeol threatens people's right to know' (Kyunghyang Shinmun)-- Yoon pu
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  S. Korea reports another bird flu case at duck farm

  SEOUL, Dec. 6 (Yonhap) -- South Korea confirmed one more avian influenza case at a duck farm Tuesday as the latest in a series of infections at local poultry farms in recent weeks.The new case of a highly pathogenic avian influenza strain of H5N1 was
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  (LEAD) Truckers' strike disrupts supply of goods worth 3.5 tln won: gov't

  (ATTN: ADDS more details on damage, land minister's remarks in last 6 paras)SEOUL, Dec. 6 (Yonhap) -- The nationwide strike by truckers has caused supply disruptions of goods worth an estimated 3.5 trillion won (US$2.69 billion) in five key secto
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  Moody's cuts S. Korea's 2023 growth outlook to 2 pct

  SEOUL, Dec. 6 (Yonhap) -- Moody's Investors Service on Tuesday lowered its outlook for South Korea's economic growth for next year to 2 percent from the previous 2.4 percent.The credit ratings agency said the revision came as South Korea is f