The weight of household lending out of non-bank institutions’ total loans hit a record high in the second quarter, central bank data showed Tuesday, spawning concerns about growing household debt. The portion of non-bank institutions’ home loans out of their total lending reached 51.7 percent in the April-June period, up from 50 percent tallied in the first quarter, according to data by the Bank...

DIZZEL, a third-person shooter game that took four years to develop, allows players to feel as though they are shooting in real life, but watching the action from a third-person perspective. BLESS and EIN were developed by 150 game developers. “It’s an honor to present our fresh proprietary games ― which have been requested frequently by the game players ― through the event,” said the company’s...

Critics say that local government chief excessively intervened in foreign affairs The government on Tuesday rebuffed Seoul Mayor Park Won-soon’s concerns about the Korea-U.S. Free Trade Agreement, giving little credence to Park’s claims. “Many exaggerated concerns with little basis in facts were found (in the Seoul mayor’s statement). Among Seoul City’s claims there were many distortions and mi...

KT Corp. said Tuesday it would enter the global smart space market by establishing a new joint venture called the KC Smart Service together with Cisco Systems in next January. The new firm, which will take off with $30 million in initial funding, will merge KT’s telecommunications infrastructure and software solutions with Cisco’s information technology equipment and solutions, according to KT o...