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Sun, January 19, 2020 | 08:27

BOK freezes key interest rate on signals for economic rebound

BOK freezes key interest rate on signals for economic rebound

The Bank of Korea (BOK) froze its key interest rate at 1.25 percent during the first rate-setting meeting of 2020, Friday, in a widely-expected decision in line with recent signals for a slow yet steady rebound in the local economy. All eyes were on whether BOK Governor Lee Ju-yeol would hint at the possibility of the central bank cutting the rate in the first half of the yea...

Lee Min-hyung | 2020-01-17 16:36

[FULL TEXT] Bank of Korea's statement on monetary policy decision

[FULL TEXT] Bank of Korea's statement on monetary policy decision

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 decided Friday to keep the base rate steady at a record low of 1.25 percent.

2020-01-17 11:12

Bank of Korea keeps policy rate steady at 1.25%

Bank of Korea keeps policy rate steady at 1.25%

Bank of Korea keeps policy rate steady at 1.25%

The Bank of Korea (BOK) on Friday decided to keep its policy rate frozen at a record low amid signs of improving economic conditions. As was expected, the BOK's monetary policy board voted to keep the rate frozen at 1.25 percent in this year's first rate-setting meeting. In a survey conducted by Yonhap Infomax, the financial news arm of Yonhap News Agency, all 19 experts poll...

2020-01-17 10:56

[FULL TEXT] Bank of Korea's statement on monetary policy decision

Salaried foreign workers should file year-end tax settlement

Salaried foreign workers should file year-end tax settlement

Salaried foreign workers should file a year-end tax settlement before they receive February's salary, the tax agency said Thursday.

Lee Kyung-min | 2020-01-16 18:34

[Reporter's notebook] Regulator slammed for belated measures for Lime fiasco

[Reporter's notebook] Regulator slammed for belated measures for Lime fiasco

The Financial Supervisory Serviced (FSS) has come under fire for mishandling the irregular practices of Lime Asset Management, which is incurring snowballing losses for financial firms as well as individual investors.

Kim Bo-eun | 2020-01-16 17:47

Stricter lending rule introduced

Stricter lending rule introduced

Seen above is a bank branch in Seoul, Thursday when the government introduced toughened real estate regulations. Under the new measures, those who own multiple homes or a house worth more than 900 million won ($775,000) will not be allowed “jeonse loans” from Jan. 20. Jeonse is a unique way means of leasing an apartment in Korea in which tenants pay a lump sum as a rental dep...

Lee Min-hyung | 2020-01-16 17:16

Bithumb dispute taken to Tax Tribunal

Bithumb dispute taken to Tax Tribunal

Korea's leading cryptocurrency exchange Bithumb filed a complaint with the Tax Tribunal against the National Tax Service (NTS) over what it considers a “groundless” tax the agency imposed on its customers, the company said Friday. The firm claims that the cryptocurrency is not a legally recognized currency and therefore lacks the authorities lack the grounds to impose a tax o...

Lee Kyung-min | 2020-01-16 08:41

Gov't to introduce 'much stronger' real estate regulations

Gov't to introduce 'much stronger' real estate regulations

The government will introduce “much stronger” regulations to bring soaring housing prices back to their original state beyond stabilizing the overheated real estate market, President Moon Jae-in said in a New Year's press conference, Tuesday. “My view is that (the real estate policy) should be not be centered on stopping housing prices from rising further, but driving down th...

Lee Min-hyung | 2020-01-14 17:20

Moon still positive about US-North Korea talks

Concerns grow over disbanding 'Grim Reapers on Yeouido'

Concerns grow over disbanding 'Grim Reapers on Yeouido'

The financial authorities and retail investors here have been concerned about the Ministry of Justice's latest decision to disband the Stock Crime Joint Investigation Team under the Seoul Southern District Prosecutors' Office as investigations into illegal trading may suffer, sources said Tuesday.

Park Jae-hyuk | 2020-01-14 16:28

KOMSCO enjoys record sales of W524.6 bil.

KOMSCO enjoys record sales of W524.6 bil.

The state-run Korea Minting, Security Printing & ID Card Operating Corp. (KOMSCO) reported a record-high performance in 2019, a notable feat backed by a diversified business portfolio amid digitization whereby printing banknotes can no longer be its primary source of profit.

Lee Kyung-min | 2020-01-13 17:50

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