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Finance

Policies

Thu, January 21, 2021 | 01:44

Brokerages, insurers face stricter monitoring over foreign exchange exposure

Brokerages, insurers face stricter monitoring over foreign exchange exposure

Korea plans to beef up monitoring of foreign exchange liquidity conditions at non-banking financial firms, including brokerages and insurers, to prevent potential market turmoil caused by a dollar shortage, the Ministry of Finance and Economy said Wednesday. Under the plan, non-banking financial firms will be required to submit a monthly plan on borrowing U.S. dollars, includ...

Lee Kyung-min | 2021-01-20 16:59

Korea needs to join trans-Pacific partnership, draw foreign investment

Korea needs to join trans-Pacific partnership, draw foreign investment

Korea should join a trade agreement among 11 countries in the trans-Pacific area to better navigate new U.S. trade conditions under Biden, a state-run think tank report said Tuesday.

Lee Kyung-min | 2021-01-19 16:48

Korea steps back from resumption of short-selling

Korea steps back from resumption of short-selling

The Financial Services Commission (FSC) appears to be taking a step back from lifting its temporary ban on short-selling on the Seoul bourse in March, after facing sharp criticism from ruling party lawmakers and retail investors over the issue.

Park Jae-hyuk | 2021-01-19 14:38

'Short-selling gains 39 times greater than retail leveraged trading'

'Short-selling gains 39 times greater than retail leveraged trading'

The returns on short-selling were 39 times greater than retail, leveraged trading over the past three years, highlighting the expanded gap in stock gains between individual, retail investors and their large counterparts - foreign and institutional investors, a study showed Monday.

Lee Kyung-min | 2021-01-18 15:37

Bank of Korea warns against steep rise in leveraged lending

Bank of Korea warns against steep rise in leveraged lending

The Bank of Korea (BOK) warned Friday against a steep rise in leveraged lending to households for stock investments.

Lee Min-hyung | 2021-01-15 15:53

Bank of Korea keeps key rate at record low as pandemic persists

Bank of Korea keeps key rate at record low as pandemic persists

Korea's central bank on Friday held its policy rate unchanged at a record low of 0.5 percent, as the fallout from a third wave of the new coronavirus hurt the scope of maintaining an economic recovery. As widely expected, the monetary policy board of the Bank of Korea (BOK) voted to leave the base rate steady in this year's first rate-setting meeting.

2021-01-15 10:31

Gov't seeks redevelopment projects to supply more public houses in Seoul

Gov't seeks redevelopment projects to supply more public houses in Seoul

South Korea plans to supply more public housing units in Seoul through redevelopment projects, the finance minister said Friday, in the latest move to expand home supply to stabilize rising home prices. Finance Minister Hong Nam-ki said the Seoul city government has selected eight sections in the capital as candidates for pilot redevelopment projects that will be pushed with ...

2021-01-15 10:26

Calming social unrest key to solving asset market frenzy

Calming social unrest key to solving asset market frenzy

Easing looming social unrest over the ongoing asset market bubble should be at the center of the government's financial policy drive in 2021, as public worries over the overheating market will keep pushing up most asset prices here.

Lee Min-hyung | 2021-01-10 15:31

Korea to increase hiring in public sector this year amid pandemic

Korea to increase hiring in public sector this year amid pandemic

Korea plans to increase hiring in the public sector this year, the vice finance minister said Friday, as the job market has been hit hard by the new coronavirus outbreak.

2021-01-08 17:27

Naver's data-driven financial business faces setback

Naver's data-driven financial business faces setback

Naver's grand plan of connecting its database with financial services is facing a major obstacle as the company's financial unit, Naver Financial, is unlikely to win the appropriate business license, due to an alleged breach of the law by its major shareholder.

Park Jae-hyuk | 2021-01-08 15:35

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