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Finance Minister and Deputy Prime Minister Choi Sang-mok, who took office early this year, urged the financial sector to make their utmost effort in risk management to mitigate rising concerns over a looming real estate project financing crisis. Choi also stressed the value of solidarity and mutual support as keys to overcome challenges posed by economic uncertainties. ....
A pivot in monetary tightening modes, weak domestic demand and uncertainties over the property market may pose risks to financial stability, although the country s financial system remains relatively stable, a central bank report showed Thursday. ....
Korea s consumer sentiment snapped its four-month decline in December amid moderating inflation, a recovery in exports and hopes for an end in the Federal Reserve s rate hikes, a central bank poll showed Wednesday. ....