South Korea Raises Base Rate to 2.75% as Margin Loan Debt Hits 62 Trillion Won

According to The Fact, the Bank of Korea raised its base rate from 2.50% to 2.75% on July 16, the first increase in three and a half years. The move will increase borrowing costs for individual investors, as margin loan debt via securities accounts has reached 62 trillion won. Credit financing rates have already reached as high as 9% annually, amplifying interest burden pressures on retail traders.
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