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Deposit rates climb, benefiting savers but squeezing vulnerable borrowers

Deposit rates are rising sharply as competition among banks for customer deposits intensifies. With market rates climbing following a benchmark rate hike, banks are raising rates on major deposit products to secure funding. While higher rates offer depositors an opportunity to earn more interest, concerns are growing that they could increase the burden on v..

Rising exchange rates and chip costs lift export prices for 11th month; import prices fall slightly
Last month, Korea's export prices continued their upward trend for the 11th consecutive month, ticking up slightly from the previous month due to a rising..

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