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Finance

Policies

Wed, January 20, 2021 | 12:55

[FULL TEXT] BOK statement on monetary policy decision in July

The following is the full text of the Bank of Korea's statement on its monetary policy decision. The central bank's monetary policy board voted Thursday to keep the base interest rate steady at 0.5 percent.

2020-07-16 11:04

BOK holds key rate steady at 0.5% amid signs of improvement

BOK holds key rate steady at 0.5% amid signs of improvement

BOK holds key rate steady at 0.5% amid signs of improvement

As widely expected, the Bank of Korea (BOK) kept the policy rate frozen at 0.5 percent Thursday, amid slight signs of an economic recovery from the pandemic-caused slump and growing concerns over soaring property prices.

2020-07-16 11:02

[FULL TEXT] BOK statement on monetary policy decision in July

No. of unemployed falls for fourth month

No. of unemployed falls for fourth month

COVID-19's toll on the job market extended through June, as the number of employed decreased by more than 350,000 year-on-year, falling for the fourth consecutive month, data showed Wednesday.

Kim Bo-eun | 2020-07-15 17:39

Green, Digital New Deal initiatives expected to lead stock market

Green, Digital New Deal initiatives expected to lead stock market

Retail investors are eyeing stock items that could benefit from the government's long-term roadmap, following the government's recently announced plan to spend 160 trillion won ($130 billion) under the banner of the Korean New Deal - a set of measures aiming to boost the post-coronavirus economy by focusing on information technology and low-carbon initiatives.

Anna J. Park | 2020-07-15 17:35

Bank of Korea set to leave key rate unchanged

Bank of Korea set to leave key rate unchanged

The Bank of Korea (BOK) is expected to keep the benchmark rate unchanged during its upcoming monetary policy board meeting to remain in line with the government's drive to stabilize soaring housing prices.

Lee Min-hyung | 2020-07-12 17:01

BOK tipped to maintain rate at record low, seek unconventional measures

The Bank of Korea (BOK) is widely expected to hold the policy rate frozen for the remainder of this year, and search for other ways to support the pandemic-hit economy, analysts said Saturday, noting the South Korean central bank may already be close to reaching the limits of its conventional measures.

2020-07-11 12:39

[Reporter's notebook] 'Actions speak louder than words'

[Reporter's notebook] 'Actions speak louder than words'

One of the main policy drives of National Tax Service (NTS) Commissioner Kim Hyun-jun has been identifying attempted tax evasion concerning gains derived from property trading, in line with the Moon Jae-in administration's key initiative to stem real estate speculation.

Lee Kyung-min | 2020-07-10 16:20

Owners of multiple houses face heavy punitive taxes

Owners of multiple houses face heavy punitive taxes

The government will impose heavier taxes on owners of multiple homes and those who sell their properties within two years after purchasing them, as part of efforts to stabilize the housing market, the Ministry of Economy and Finance said Friday.

Park Jae-hyuk | 2020-07-10 15:53

Korea's real estate policy fiasco

Blame game escalates between NH Investment and KSD over Optimus fiasco

Blame game escalates between NH Investment and KSD over Optimus fiasco

The scandal-ridden Optimus Asset Management's expected failure to return over 535 billion won ($447 million) to investors was developing into full-blown war of accusations between the Korea Securities Depository (KSD) and NH Investment and Securities, Thursday.

Lee Kyung-min | 2020-07-09 17:15

'Punitive tax, removal of tax incentives for landlords, corporate bodies in store'

'Punitive tax, removal of tax incentives for landlords, corporate bodies in store'

Little to no desired outcome is expected from the government and ruling party's desperate push for “far stronger” measures to stem property speculation, as they refuse to acknowledge the shortcomings of their repeatedly failed measures that dismissed market principles and public expectations.

Lee Kyung-min | 2020-07-08 17:36

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