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Reporter : Yi Whan-woo
Sun, July 3, 2022 | 01:42
Coordination on policy mix gets critical for incoming administration
The two nominees for the top posts of the nation's economic control towers are being urged to work closely, concerning the policy mix - fiscal policy and monetary policy - as the incoming Yoon Suk-yeol administration seeks to expand government spending and curb soaring inflation at the same time.
Green financing, offline operations critical for banks to become Seoul's next 'safekeeper'
KB Kookmin, Shinhan and Woori banks are competing in a bid to manage the Seoul Metropolitan Government's coffers for the next four years, with their commitments to carbon neutrality as well as offline operations newly added to the list of qualification criteria.
Yoon's economic team tasked with juggling growth, inflation
President-elect Yoon Suk-yeol's economic team led by Choo Kyung-ho, his nominee for deputy prime minister for economic affairs, faces a tricky job of effectively juggling both growth and inflation as the Korean economy reels from the fallout of the COVID-19 pandemic amid soaring prices. The trickiest part is to come up with policies that can inject new vigor into the sluggish...
Eximbank reaches out to Australian firms to boost cooperation in energy, minerals
The Export-Import Bank of Korea (Eximbank) is reaching out to major Australian energy and mining companies to provide Korea with a stable supply of resources as well as more financing opportunities in the Indo-Pacific region.
Finance minister nominee vows to execute Yoon's market-driven economic vision
Choo Kyung-ho, the nominee for deputy prime minister and the minister of economy and finance, is likely to capitalize on his experience as a seasoned former economic policymaker to implement the market-driven economic policies prioritized by President-elect Yoon Suk-yeol.
Decade-high inflation presses BOK for rate hike despite chief's absence
The Bank of Korea (BOK) is under increasing pressure to raise the benchmark key interest rate this week despite the current BOK chief position being vacant, as inflation is not likely to let up after topping 4 percent for the first time in more than 10 years. The more hawkish U.S. monetary policy is also putting the BOK in a tight spot, amid speculation that the interest gap ...
[INTERVIEW] Dictionaries help defectors to tackle lack of financial literacy
A lack of financial literacy _ the ability to understand basic financial principles and skills such as personal financial management, budgeting, and investing _ is a challenge faced by North Korean defectors who settle in South Korea.
Incoming gov't urged to be cautious in setting up regional banks
While the incoming government of Yoon Suk-yeol is pushing to decentralize banking headquarters densely concentrated in Seoul in the name of balanced regional development, industry analysts are recommending a cautious approach, as regional banks are susceptible to economic risks in the regions where they operate.
Umbrella union of financial workers protests Yoon's KDB relocation plan
The Korean Financial Industry Union, a labor group representing workers at private and public banks nationwide, issued a statement, Friday, protesting President-elect Yoon Suk-yeol's pledge to move Korea Development Bank (KDB) from Seoul to Busan.
KDB chairman faces uncertain future
Korea Development Bank (KDB) Chairman Lee Dong-gull is finding himself increasingly exposed to unfavorable circumstances in completing his term through September 2023, with a dispute over the appointment of a new CEO of Daewoo Shipbuilding & Marine Engineering (DSME) adding to uncertainty concerning his future.
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