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Tue, December 6, 2022 | 23:20
Illegal capital outflow hits $23 billion
Illegal capital flight to overseas tax havens is estimated to reach 24.4 trillion won ($23 billion) in 2012, a state-run tax institute said Monday.
KB to fight 'factionalism'
KB Financial Group said Wednesday all of its affiliates will conduct a staff shake-up on the same day beginning this year.
Bank of China's Seoul branch penalized
The Seoul branch of the Bank of China has been punished for violating rules on currency trading, regulators said Tuesday.
'Audit monopoly' hurts transparency
In Korea, it is extremely difficult for small accounting firms to compete against major companies in the same industry.
Food trucks available from this year
Koreans will be able to use food trucks at parks as early as this year.
Senior FSS deputy governor picked
The Financial Supervisory Service (FSS) will promote Park Young-joon, a deputy governor for financial investment supervision, to senior deputy governor for the capital market in a reshuffle scheduled for early next month, sources said Wednesday.
US tapering single biggest threat
Financial market participants believe U.S. stimulus tapering is the biggest factor threatening the Korean economy, according to a survey conducted by the Bank of Korea (BOK).
More debtors apply for relief plans
The number of applicants for court-administered credit recovery programs rose 9.2 percent in the January-February period from a year earlier, according to data from the Supreme Court released Tuesday.
FSS to launch special investigation bureau
The Financial Supervisory Service (FSS) is considering creating a special investigation unit designed to tackle sophisticated financial crimes and hacking.
Ceiling on duty-free purchases may go up
The government is considering raising tax allowances for goods Koreans buy during their overseas trips for the first time in 18 years.
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