Park Chang-yeong

2 weeks ago | pulse.mk.co.kr | Park Chang-yeong |Han Yubin

South Korea’s non-life insurance companies saw their performance worsen in the first quarter due to the unexpected large-scale wildfires and heavy snowfall. Experts evaluate this as the beginning of the climate crisis having a tangible impact on their performance.

1 month ago | pulse.mk.co.kr | Park Chang-yeong |Kim Jung-hwan |Han Yubin

South Korea’s four major commercial banks saw their corporate credit risk double in 2024 from a year ago as the pace of economic recession accelerates. According to data from the Korea Federation of Banks on Wednesday, the counterparty credit risk (CCR) of KB Kookmin, Shinhan, Hana, and Woori, rose to 26.08 trillion won ($19.8 billion) in 2024, up from 12.28 trillion won in 2023.

1 month ago | pulse.mk.co.kr | Park Chang-yeong |Choi Won-seok |Han Yubin

The South Korean government on Wednesday announced its second phase of its medical reform plan, which includes measures to revitalize regional healthcare and reforms related to non-reimbursable medical services and private health insurance. The announcement comes seven months after the first phase was introduced in August 2024.

2 months ago | pulse.mk.co.kr | Park Chang-yeong |Han Yubin

South Korean commercial lenders are charging higher interest rates on household loans than small businesses amid continued regulatory moves by financial authorities to curb household lending. According to data from the Bank of Korea on Sunday, interest rates on new household loans extended by commercial banks in January stood at 4.65 percent on average. The rates for loans to small firms, on the other hand, were 4.53 percent and for large businesses at 4.48 percent.