Korea has no choice but to raise interest rates in line with the global trend of interest rate hikes, but the situation in Korea is a little different from other countries. Hence the burden caused by the interest rate hike, even when taking into account some speculative elements, is causing financial difficulties to households and businesses.
Read MorePeople’s movement rapidly decreased as more people began working from home and many restaurants and cafes closed due to the lack of customers. In order to overcome the crisis, each country has injected huge amounts of money to restore the economy, but workers, ordinary people, small and medium-sized business owners and the self-employed are still experiencing much hardship.
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