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Finance

Policies

Fri, October 18, 2019 | 18:50

Investors worried over Korea's labor policy

Foreign investors seem worried about Korea's labor policies and the possibility of its economy heading for deflation as many raised concerns regarding those issues during the latest overseas roadshow hosted by the finance ministry in New York, Thursday.

Jhoo Dong-chan | 2019-10-17 21:30

NTS chief boosts cooperation with Bangladesh

National Tax Service (NTS) Commissioner Kim Hyun-jun met with his Bangladeshi counterpart Muhammad Mosharraf Hossain Bhuiyan to share Korea's knowhow and experience in the effective management of electronic tax administration, the tax agency said Thursday.

Lee Kyung-min | 2019-10-17 17:21

Illegal short sellers face up to W90 mil. in fine

The Financial Services Commission (FSC) announced a revision to its rules on the ill-use of investment plans Thursday that will allow it to impose up to a 90 million won ($75,800) penalty for a single case of illegal short selling.

Park Jae-hyuk | 2019-10-17 16:21

BOK cuts key rate to record low 1.25%

The Bank of Korea (BOK) lowered its key interest rate by a quarter percentage point to a record-low 1.25 percent, Wednesday, citing sagging exports and private consumption amid mounting uncertainties both at home and abroad. The central bank also left the door open for further easing in the coming months on growing fears over a global recession amid the deepening trade feud b...

Lee Kyung-min | 2019-10-16 17:05

Bank of Korea slashes base rate to record low 1.25 percent

The Bank of Korea on Wednesday slashed its policy rate by a quarter percentage point to 1.25 percent amid a series of economic headwinds facing Asia's fourth-largest economy, including low inflation and a steady decline in exports.

2019-10-16 10:28

Most Korean manufacturers reluctant to return home

Most Korean companies that have invested in overseas plants are reluctant to return “home” due to the unfriendly business environment here that forces them to shoulder higher costs, data showed Tuesday. The trend is in stark contrast to other countries that have successfully attracted home-grown firms' relocation with various benefits and incentives. According to an Export-Im...

Park Jae-hyuk | 2019-10-15 16:46

BOK likely to cut key rate to record low this week

The Bank of Korea (BOK) is expected to cut its key interest rate to a record-low 1.25 percent at Wednesday's monetary policy meeting, as concerns have grown over possible deflation and a global economic recession, analysts said Sunday.

Park Jae-hyuk | 2019-10-13 16:50

Supporting young entrepreneurs

Financial Services Commission (FSC) Chairman Eun Sung-soo, second from right, and Korea Federation of Banks Chairman Kim Tae-young, right, applaud after rewarding young entrepreneurs during the IF 2019 startup festival on Yonsei-ro in western Seoul, Saturday. / Courtesy of FSC

Park Jae-hyuk | 2019-10-13 16:33

Gov't to invest W2 tril. each year to bolster industrial competitiveness

Finance Minister Hong Nam-ki called for full legal, policy and financial support from both the private and public sectors to boost the competitiveness of local parts, materials and equipment businesses, Friday.

Lee Kyung-min | 2019-10-11 18:34

FSC chief seeks to tighten rules on private equity funds

Financial Services Commission (FSC) Chairman Eun Sung-soo hinted Thursday that he will seek to come up with tougher rules on private equity funds (PEFs) to better protect individual investors. This is a major turnaround from his previous stance of supporting eased regulations on PEFs, the collective investment scheme used for investing in various equity securities.

Park Jae-hyuk | 2019-10-10 17:06

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