Remembering Wheesung Through His Iconic Albums - A Comfort for Fans

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  Remembering Wheesung Through His Iconic Albums - A Comfort for Fans" On March 10, 2025, we lost Wheesung (Choi Whee-sung), a voice that defined 2000s R&B with his soulful depth and explosive talent. He was only 43. As a fan, hearing this sudden news broke my heart, but his music remains a timeless gift that stays with us forever. With a heavy heart, I want to honor him by sharing his legendary albums, hoping to bring a little solace to all of us who loved him. 1st Album - Like A Movie (2002) This debut album introduced me to Wheesung. The title track "Can’t We?" with its heartfelt melody and his pleading voice won me over instantly, launching him to stardom. Songs like "Untold Story" still linger in my soul. It’s a treasure of his youthful passion. To us fans : "Play this and remember the first time you fell for him. His vo...
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2025 Update: Bank of Korea’s 2024 Q4 Loan Report - 1.96T KRW Hits Record Low Growth

 

2025 Update: Bank of Korea’s 2024 Q4 Loan Report - 1.96T KRW Hits Record Low Growth

Table of Contents

  1. Why Is the Bank of Korea’s Loan Report Buzzworthy?
  2. Key Figures: 1.96T KRW and 0.2% Explained
  3. Facility Loans at 0.7% - Why the Historic Low?
  4. Handy Financial Terms to Know
  5. Salaries in the Finance Sector
  6. Related Stock Trends
  7. Revenue Trends of Deposit-Taking Institutions
  8. Top Picks for Investors

Summary

In March 2025, the Bank of Korea reported 2024 Q4 loans at 1,962.2T KRW, up 0.2%—the lowest since 2016. Facility loans grew 0.7%, a record low due to uncertainty.

Detailed Description

On March 7, 2025, the Bank of Korea dropped its “2024 Q4 Deposit-Taking Institutions’ Industry-Specific Loans” report. Loans hit 1,962.2 trillion KRW, a 0.2% bump from last quarter—barely moving since 2016’s Q4. Facility loans crawled up 0.7%, the slowest ever recorded, thanks to economic jitters and base effects. What do these numbers signal for the economy and your investments? We’ll break it down in plain English—stick with us to master this financial puzzle!

Why Is the Bank of Korea’s Loan Report Buzzworthy?

The Bank of Korea’s latest data spills the beans on loans from banks, credit unions, and savings institutions. Hitting 1.96 trillion KRW sounds massive, but a measly 0.2% growth—the lowest in eight years—raises eyebrows. It’s a sign companies and households are tightening belts, and banks are playing it safe. Investors, this could sway stocks and bonds, so let’s dig into what’s happening!

Key Figures: 1.96T KRW and 0.2% Explained

The loan balance of 1,962.2 trillion KRW is huge, right? But a 0.2% rise (about 3.9T KRW) is tiny compared to Q4 2023’s 1.5% jump. It means borrowing’s barely budging—businesses and families aren’t rushing for loans, and banks aren’t pushing them either. The Bank of Korea blames “economic uncertainty and base effects,” hinting at a sluggish recovery. Are we in for a bumpy ride?

Facility Loans at 0.7% - Why the Historic Low?

Facility loans—for factories, equipment, and big projects—grew just 0.7%, the lowest since stats began. Last year, it was in the 2% range, but 2024 saw a nosedive. High interest rates and global slowdowns have companies spooked, cutting back on investments. The Bank of Korea says “uncertainty is chilling business confidence.” This isn’t just data—it’s a temperature check on Korea’s economy!

Handy Financial Terms to Know

  • Deposit-Taking Institutions: Banks, credit unions, and savings outfits that handle deposits.
  • Loan Balance: Total loans outstanding at a given time.
  • Facility Loans: Funds for business investments like plants or machinery.
  • Base Effect: When past high numbers make current growth look small.

Salaries in the Finance Sector

Dreaming of a finance gig? Entry-level bank jobs in Korea pay 40M-50M KRW annually, while 5-year veterans hit 70M-90M KRW (JobKorea data). Loan officers or risk analysts can top 100M KRW. If loan growth stays slow, hiring might dip, but demand for specialists could rise—good news for pros!

Related Stock Trends

  • KB Financial: Late 2024 at 80,000 KRW → March 2025 around 85,000 KRW (watch volatility).
  • Shinhan Holdings: 50,000 KRW in 2024 → 52,000 KRW in March 2025 (steady flow).
  • Hana Financial: 60,000 KRW in 2024 → 63,000 KRW expected in March 2025.
    Loan slowdowns could shake bank stocks—keep an eye on Naver Finance for updates!

Revenue Trends of Deposit-Taking Institutions

  • 2023: Bank sector raked in ~50T KRW, driven by loan interest.
  • 2024: Estimated 52T KRW, but growth slowed.
  • Q4 2024: Interest revenue growth likely under 1% as loan demand fades.
    High rates boosted profits, but stagnant loans signal a ceiling ahead.

Top Picks for Investors

  1. Stock Investing Guidebook - Learn to read financial stocks (Buy at Kyobo Bookstore).
  2. Real-Time Finance Apps - Track loans and stocks (Naver MY Finance, Kiwoom Securities).
  3. Economic Newsletter - Stay ahead of Bank of Korea news (Maeil Business subscription).

#Tags: #BankOfKorea #2024LoanReport #DepositInstitutions #LoanBalance #FacilityLoans #FinanceInvesting #StockAnalysis #2025Economy


Location: South Korea

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