General

Banks to tighten lending criteria in Q3: survey

SEOUL: Banks in South Korea are expected to tighten their stances on extending loans in the third quarter of the year, a central bank survey showed Wednesday.

According to the poll of financial institutions, including 18 banks, conducted by the Bank …

Expedite damage survey of Huai Chiang Kham reservoir collapse

Maha Sarakham, Progress on the Huai Chiang Kham Reservoir in Borabue District, Maha Sarakham Province, which has been damaged since yesterday evening (16 July). Although all the water in the reservoir has flowed out until it is dry, the mass of water…

Defending champions Pohang Steelers reach Korea Cup semifinals

SEOUL: Defending champions Pohang Steelers advanced to the last four at the top national football tournament Wednesday.

Pohang defeated FC Seoul 5-1 in the quarterfinals of the Korea Cup at Pohang Steel Yard in the southeastern city of Pohang, moving…

Seoul shares down late Wed. morning on tech, auto losses

SEOUL: Seoul shares lost ground late Wednesday morning as investors locked in profits following a two-session winning streak despite overnight Wall Street gains.

The benchmark Korea Composite Stock Price Index fell 6.01 points, or 0.21 percent, to 2,…