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Sun, December 3, 2023 | 13:07
G20 is not magic bullet but still effective
The G20 Seoul Summit showed that the Group of 20 will not produce quick fixes for all problems just overnight, but the two-day meeting also proved that it is highly effective, probably more so than any other international frameworks the world has had, if its goals are clear.
Intervention in currency market warranted
A key South Korean official advocated the governments’ intervention in the currency market, as excessive volatility continues to pose a threat to global and national financial markets.
Japan seeks ‘compromise’ over imbalance issue
Japan expects the G20 will produce a “compromise” on the sensitive issue of current account balance and exchange rate, its spokesman said ahead of the critical Seoul Summit.
G20 to divide banks into 5-6 baskets for supervision
The G20 will categorize the world’s banks into four to six “baskets” to put them under different levels of capital and liquidity regulations, Korea’s chief financial regulator said Thursday.
Gov’t to support Chung for FIFA presidency
The government will give its “full support” to FIFA vice president Chung Mong-joon if he decides to run for the presidency of the world football’s governing body next May against Sepp Blatter.
Seoul Consensus on development in sight
The G20 nations have included the term “Seoul Consensus” in the draft of the G20 Seoul Summit’s final statement, which Korea hopes will be the new paradigm for economic development among poor countries.
Green is Hur’s new color
GS Caltex, the second largest energy supplier in Korea with revenue of 26 trillion won in 2009, has been under the leadership of Hur Dong-soo since 1994.
G20 not going for current account cap
The world’s 20 leading economies won’t try hard to have a numerical target for current account balances at the G20 Seoul Summit, a top official of South Korea’s G20 preparation team said Tuesday.
More help for poor countries
Korea needs to allocate more resources for poor countries, which will be beneficial in improving its global image, the chief of the Presidential Council on Nation Branding said Tuesday.
Seoul Summit to determine future of G20
It's finally here, the G20 summit.