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Wed, July 15, 2020 | 05:49

KOSTAT hit for ridiculing Rain on YouTube

KOSTAT hit for ridiculing Rain on YouTube

Statistics Korea (KOSTAT) apologized Tuesday for making fun of Rain with a comment it wrote on the K-pop star's music video on YouTube.

Park Jae-hyuk | 2020-05-06 14:25

Tax reform for capital market urgent to foster stock market

Tax reform for capital market urgent to foster stock market

The election for the 21st National Assembly is finally over. In this election, which was held in the midst of the coronavirus pandemic, a super majority, which had never been seen before, has emerged. The financial markets are looking forward to this with both positive expectations and concerns.

2020-05-01 15:14

BOK's monetary board member Suh opens new era

BOK's monetary board member Suh opens new era

The appointment of Suh Young-kyung, former head of the Korea Chamber of Commerce and Industry's (KCCI) Sustainable Growth Initiative, as a member of the Bank of Korea's monetary policy board last week has opened a new era at the central bank.

Kim Bo-eun | 2020-04-30 11:26

Korea to foster telemedicine for post-pandemic era

Korea to foster telemedicine for post-pandemic era

The government plans to abolish regulations that hinder telemedicine in order to turn the coronavirus crisis into an opportunity to foster industries that allow people to conduct contactless business, according to the Ministry of Economy and Finance, Wednesday.

Park Jae-hyuk | 2020-04-29 15:33

Going coinless

Bank of Korea (BOK) Deputy Governor Yoon Myun-shik, second from left, holds a copy of a memorandum of understanding with executives of three retail firms at the BOK headquarters in Seoul, Tuesday. The retailers agreed to allow customers to deposit any change left from cash purchases directly into their bank accounts, part of the BOK's move to create a cashless society. From l...

Park Jae-hyuk | 2020-04-29 14:48

Debate on relocating state-run banks to resume

Debate on relocating state-run banks to resume

Discussions on relocating state-run banks are set to be revived, after the ruling Democratic Party of Korea (DPK) secured an overwhelming victory in the general elections last week. The ruling party chief earlier stated the government's determination to move forward with a larger plan to relocate government agencies.

Kim Bo-eun | 2020-04-27 17:58

For economic recovery

For economic recovery

Deputy Prime Minister and Finance Minister Hong Nam-ki, center screen, speaks at a meeting attended by officials from economy-related ministries at the Gwanghwamun Government Complex in Seoul, Monday. Courtesy of Ministry of Finance

Lee Kyung-min | 2020-04-27 17:40

Central banks engaging in digital currency battle

Central banks engaging in digital currency battle

Central banks around the world are rushing to prepare for the possible issuance of digital currencies, while China has begun testing its own digital tender. According to the People's Bank of China, the country's central bank, internal tests of a central bank digital currency (CBDC), named the digital currency electronic payment (DCEP), began this month in four cities - Suzhou...

Kim Bo-eun | 2020-04-27 16:28

Rules on PEFs tightened to prevent another 'Lime fiasco'

Rules on PEFs tightened to prevent another 'Lime fiasco'

Asset management companies that delayed redemption of private equity funds (PEFs) will be obliged to host general meetings of investors within three months to decide when and how to return money to the investors, according to the Financial Services Commission (FSC), Sunday.

Park Jae-hyuk | 2020-04-26 16:37

Bank of Korea urged to play bigger role as firefighter

Bank of Korea urged to play bigger role as firefighter

The Bank of Korea (BOK) is urged to take a more proactive and forward-looking attitude by reforming its prevalent complacency in order to enhance its risk management capability in the post-coronavirus era, officials and market experts said Sunday. They said the BOK's countermeasures that it described as “unprecedented” are insufficient to brace for worst-case scenarios, calli...

Lee Min-hyung | 2020-04-26 15:29

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