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Thu, January 20, 2022 | 01:31
Inflation woes grip Korean economy
The much-dreaded persistence of inflation is no longer transitory, as implied by statistics agency data which showed Korea's consumer price growth registering 3.7 percent in November, the second monthly consecutive increase exceeding the psychologically significant 3 percent mark.
[Contribution] What can we expect in post-pandemic Korea?
After a long fight against the COVID-19 pandemic, Korea has started to open up recently by making international travel possible albeit still difficult.
Ruling party desperately appeals to voters ahead of presidential election
The ruling Democratic Party of Korea (DPK) said Tuesday that it is considering temporarily lowering capital gains taxes on owners of multiple homes, in the latest move of pandering ahead of the presidential election next year. A day earlier, the DPK agreed to a one-year delay in the imposition of taxation on gains from cryptocurrency trading.
Gov't to introduce supply shock prevention measures
The government will set up an early warning system for an acute shortage of 4,000 key import items, as part of a long-term plan to limit supply chain disruptions brought on by geopolitical volatility.
SK E&S's gas field project in Australia raises controversy
SK E&S, an energy subsidiary of SK Group, is pushing for a gas field development project in the Barossa Valley, Australia, in what a local climate advocacy group recently said is a clear contradiction of the company's eco-friendly business drive.
[Contribution] Can Korea learn from ASEAN to navigate US-China tensions?
The increasingly difficult U.S.-China relationship has left many East Asian countries caught in the cross-fire. Recent geopolitical developments have brought a clash of interests as far as trade and traditional security partnerships are concerned, and highlight the tightrope that many countries have to walk.
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 a clear show of determination in monetary policy normalization from emergency, ultra-low easing brought on by COVID-19 pandemic. 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 w...
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.
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