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Sat, November 27, 2021 | 14:11
BOK head hints at another rate hike in 1st quarter of 2022
Bank of Korea Governor Lee Ju-yeol hinted at another key rate hike in the first quarter of next year, Thursday, in what is widely seen as an attempt to dispel concerns over inflation and soaring household debt. His remarks came less than an hour after the BOK monetary policy board voted to hike the key rate by 25 basis points to 1 percent, a widely expected move brought on by...
For inclusive growth
Shinhan Bank CEO Jin Ok-dong, second from left, participates in a ribbon-cutting ceremony at a branch of 'S with,' a coffeehouse chain set up by the bank to foster job training and employment opportunities for the hearing-impaired, in Seoul, Thursday. Courtesy of Shinhan Bank
Korea closer to legislating criminal punishment for crypto irregularities
Financial authorities are seeking to punish criminally those involved in illicit cryptocurrency trading, in a move to rein in the thriving digital asset market that remains tax-free, despite investors' hefty gains over the past few years.
Korea to extend tax incentive for non-Middle East crude oil importers for 3 years
The government has decided to extend tax incentives for importers of crude oil produced in non-Middle Eastern countries, in a measure to diversity procurement of the key import item, the energy ministry said Monday.
Korea asks US for immediate talks on steel tariffs
The government has officially asked the U.S. to start talks on steel tariffs, as recent developments on the matter involving the European Union (EU) and Japan could hurt Korean steel companies' business interests in the world's largest economy, the country's top trade negotiator said Monday.
Statistics Korea head shares knowledge of civil registration data
Statistics Korea Commissioner Ryu Keun-kwan attended the Second Ministerial Conference on Civil Registration and Vital Statistics in Asia and the Pacific, the agency said Monday.
Over 1 in 4 foreign investors concerned over 'Korea risk'
More than one in four foreign-invested firms said Korea has particularly high risks compared to other countries, as best characterized by rigidity in the labor market and unresolved challenges in the business environment, a survey showed Friday.
[Reporter's Notebook] Self-serving excuse of FSC for borrowing rate hike
It is incredibly hard to be a person of principle, especially when circumstances are unfavorable.
[ANALYSIS] Finance ministry's reluctance towards inheritance tax revision criticized
Criticism is mounting against the finance ministry over its deliberate omission of measures to reduce the inheritance tax rate that is currently up to 50 percent, in a report submitted to the National Assembly for its tax policy revision session.
Shinhan Financial chair elected as UNEP FI leadership council member
Shinhan Financial Group Chairman Cho Yong-byoung has been elected as a member of the Leadership Council under the United Nations Environment Programme Finance Initiative (UNEP FI), the group said Thursday.
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