5 major lenders extend household loans by record clip in Aug.

Household loans extended by the country’s five major banks rose by the most on record last month despite warnings from the financial regulators and a series of rate hikes, industry sources said Monday. According to the sources, KB Kookmin, Woori and three others extended a combined 9.62 trillion won (US$7.19 billion) last month, the sharpest-ever … Read more

President Yoon, IEA’s Birol discuss global clean energy collaboration

President Yoon Suk Yeol met with Fatih Birol, the chief of the International Energy Agency (IEA), on Monday, the president’s office said, expressing gratitude for the agency’s support of Seoul’s Carbon-Free Energy (CFE) initiative. In September, Yoon introduced the CFE initiative during his keynote speech at the U.N. General Assembly, focusing on achieving carbon neutrality … Read more