KoreaTimes(367) - Policies, Finance, page 41

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Finance

Policies

Mon, October 14, 2019 | 10:29

Korea spurs banks' overseas expansion

Korea's financial regulator is helping banks and other financial firms make forays into overseas markets by providing consulting services and clearing regulatory issues abroad.

2018-07-24 18:28

Schindler vs. Hyundai case to test Korea Inc.'s global credibility

Korea's family-run conglomerates, or chaebol, are infamous for their web-like ownership structure, which makes it possible for the founding families to control business empires with only a small stake. If necessary, they also use group affiliates as a means of tightening their grip by, for example, moving money from one unit to another in the guise of “business contracts.”

2018-07-24 15:52

Korea backpedals on financial reforms

The financial industry is the Achilles' heel of the Korean economy. While manufacturing has driven growth as the backbone of the economy, finance has remained inwardly-focused and globally uncompetitive as one of the most highly regulated industries in Korea. The sector urgently needs a major overhaul but Seoul is backpedaling on financial regulatory reforms, which many belie...

2018-07-23 17:53

Finance minister seeks exemption from US car tariffs

Strategy and Finance Minister Kim Dong-yeon requested the United States exempt Korea from its planned tariffs on automobiles, Saturday (local time), while also calling for an exemption from U.S. sanctions on Iran.

2018-07-22 16:25

Korea voices opposition to US car tariffs

The government and the auto industry voiced opposition to the U.S. plan to levy tariffs on imported cars, stressing that Korean cars do not threaten U.S. security while contributing to the U.S. economy.

2018-07-20 17:18

Housing prices in Korea at a crossroads

Jo Bong-ok, a 40-something housewife with one child of elementary school age, sighs after receiving news that her efforts to buy a new apartment in western Seoul have failed. She has tried to buy a new apartment in Seoul five times so far, but the competition has been intense.

2018-07-20 09:29

FSC to establish department exclusively for virtual coins

Financial regulator is set to establish a new department exclusively for policy-making initiatives in the nation's blockchain industry, the Financial Services Commission (FSC) said.

2018-07-19 18:34

'BOK to raise key policy rate in Q4'

With growth expected to be moderate and with no significant inflation pressures, the Bank of Korea (BOK) may raise its key policy rate by 25 basis points in the third quarter of this year, economists said.

2018-07-19 18:23

Expansionary fiscal policies draw criticism

The government acknowledged Wednesday that the economy is in poor condition, lowering its economic growth outlook for this year as well as next. Economists, however, say even its 2.9 percent growth target could be hard to attain if it continues sticking to fiscal injections while ignoring fundamental problems such as tough regulations. The government suggested that the econom...

2018-07-19 17:14

Government lowers down growth target to 2.9 pct.

Tax refunds for low-income households will be increased to help them weather the faltering economy, while the tax on passenger vehicles will be cut to 3.5 percent from the current 5 percent until the end of the year. These are part of government measures to sustain low-income households suffering from the economic slowdown while boosting consumption.

2018-07-18 17:08

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