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BMW SEDAN CATCHES FIRE AMID SAFETY CONCERNS OVER GERMAN BRAND

A BMW sedan caught fire on a street in South Korea Saturday, the latest in a spate of reported car fires related to the German brand that have heightened safety concerns and prompted a recent massive recall here. The fire Source: Money


HOUSEHOLD LOANS AT 5 MAJOR BANKS REACH 548 TLN WON IN JULY

Household loans at South Korea’s five major banks reached an accumulated 548 trillion won (US$490 billion) at the end of July as people continue to borrow money to buy a house, the lenders said Saturday. The five banks — Source: Money


(EDITORIAL FROM KOREA JOONGANG DAILY ON AUG. 4)

Time for a debate Kim Byung-Joon, the interim head of the main opposition Liberal Korea Party, continues to criticize the Moon Jae-in administration of statism or excessive government control. Kim, who was a policy adviser to President Roh Moo-hyu Source: Money