Seoul, March 24 (IANS) South Korea President Lee Jae Myung on Tuesday called on the government to preemptively implement an emergency response system to cope with concerns about the supply of oil and gas, as the US-Israeli war with Iran has dragged on and disruptions of global energy markets have continued.Speaking at a Cabinet meeting, Lee also asked for the swift passage of an extra budget to help small and medium-sized firms and vulnerable households hit by a surge in energy prices.”Petrochem…
Latest Housing Market News & Updates
Seoul, Feb 20 (IANS) South Korea’s household credit growth slowed in the fourth quarter of 2025 amid tighter lending regulations, though the total outstanding amount reached an all-time high, central bank data showed on Friday.Outstanding household credit stood at 1,978.8 trillion won (US$1.36 trillion) as of end-December, up 14 trillion won from three months earlier, according to the preliminary data from the Bank of Korea (BOK), reports Yonhap news agency.The reading marks the highest since th…