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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..

May employment drops by 40,000, manufacturing and youth hit hardest
Last month, the number of employed people declined for the first time in 17 months. Analysts attribute the drop largely to a sharp reduction in manufacturi..

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"Hallyu ban to be removed quickly": Hopes of thaw in Seoul-Beijing ties: · "Efforts will be made to remove Hallyu ban quickly"; · SK Group Chairman heads to Japan to soften "WD risk"

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