World Ch. Schedule : MON to FRI 16:10 KST
* Date : 2017-03-16
Business Daily Ep.504
Mortgage rates climbing
Even before the U.S. Federal Reserve green-lit its first rate hike of the year, mortgages rates in Korea have been rising at a fast pace. One commercial bank has its lending rate nearing 5% - despite Bank of Korea's historic low key rate. We take a closer look at the why and forecast what could be ahead.
The Korean government says it'll watch closely for possible market volatility, following the Fed decision. The country's central bank is also finding itself in an increasingly tight spot as pressure builds for it to follow the Fed's lead. For more on what impact the Fed's rate hike might have on the Korean market and its economy, tune in to hear from an expert.