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Finance

Policies

Tue, September 28, 2021 | 01:17

Korea set to delay taxation on gains from crypto trading

The ruling Democratic Party of Korea (DPK) has reached a consensus to delay imposing taxes on gains from cryptocurrency transactions, in a move to play to its voter base - mostly those in their 20s and 30s who have invested heavily in the digital asset - ahead of the presidential election next year.

Lee Kyung-min | 2021-09-27 17:05

KDB, IBK, Eximbank, KIC pressured to leave Seoul

Prime Minister Kim Boo-kyum's recent remarks on moving state-run financial institutions out of the Seoul metropolitan area are raising concerns that such a move will make it more difficult to attract talent and foreign investors, according to industry sources and experts, Monday. “Foreigners will avoid investing in Korea, if they have to visit multiple regions that are distan...

Park Jae-hyuk | 2021-09-27 16:12

[INTERVIEW] Korea to boost standing in global procurement market

The government will continue assisting local small- and medium-sized enterprises (SMEs) with the export of key goods needed to contain the pandemic, as part of efforts to help the country become a leader in the global procurement market, the head of the state-run procurement service agency said Monday.

Lee Kyung-min | 2021-09-27 16:08

Gov't to unveil additional measures next month to curb household debt

South Korea plans to unveil additional measures next month to curb household debts, the head of the financial regulator said Monday.

2021-09-27 11:11

Gov't to halt financial assistance for overseas coal power projects

State-run organizations will no longer provide financial assistance of any kind to new overseas coal-fired power plant projects starting Oct.1, according to four government ministries and the financial regulator, Friday. The joint announcement seeks to give a clear signal on decarbonization to both the public and private sectors, thereby pushing them to promptly renounce foss...

Lee Kyung-min | 2021-09-24 16:15

Households, companies can afford financial burden from further rate hike: Bank of Korea

The country's central bank is moving towards justifying its rationale for an additional rate hike this year, after a senior bank official underscored the need for such a future hike, claiming that households and companies will be able to withstand the interest burden from further monetary tightening.

Lee Min-hyung | 2021-09-24 14:23

Chang Ha-joon joins AIIB's International Advisory Panel

University of Cambridge professor Chang Ha-joon, 58, was one of six new members appointed to the International Advisory Panel (IAP) of the Asia Infrastructure Investment Bank (AIIB).

Anna J. Park | 2021-09-23 16:32

Rush of withdrawals expected among cryptocurrency owners before stricter rules are applied

A large number people who own cryptocurrencies issued and traded by small exchanges are expected to withdraw the virtual assets ahead of Friday, the deadline imposed by the Financial Services Commission (FSC) for digital currency trading platforms to apply for authorization as a valid market player.

Lee Kyung-min | 2021-09-22 16:00

Climate crisis and finance, what should we tackle?

In the fall semester of 2020 amid the coronavirus pandemic crisis which we are still struggling with, I taught a graduate-level finance class at a university. A part of my syllabus was climate crisis and finance, during which a student raised a question about the relationship between the two. As a contemporary graduate student, it might be impossible not to be aware of the re...

2021-09-19 09:03

Watchdog to continue legal battle with Woori chair

The Financial Supervisory Service (FSS) has decided to appeal the Seoul Administrative Court's Aug. 27 ruling ordering the watchdog to revoke the heavy sanctions it had placed last year on Woori Financial Group Chairman Son Tae-seung.

Park Jae-hyuk | 2021-09-17 12:39

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