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Finance

Policies

Tue, October 22, 2019 | 12:58

State-run think tanks suffer 'brain drain'

More than three in four employees at state-run think tanks quit within the first three years, a trend that has continued for more than a decade, arousing concerns of a possible “brain drain” at the country's most prestigious policy institutions, a lawmaker said Monday.

2019-10-21 17:06

Pledge to protect consumers

Financial Services Commission Chairman Eun Sung-soo, right, speaks during a National Assembly audit in Seoul, Monday. Left is Financial Supervisory Service Governor Yoon Suk-heun. Eun vowed to order hedge funds to strengthen their internal control process. Yoon likened derivative-linked funds (DLFs) to gambling, saying financial firms were responsible for investor losses. / Y...

2019-10-21 15:43

Finance minister meets AIIB head

Deputy Prime Minister and Finance Minister Hong Nam-ki, right, shakes hands with Asian Infrastructure Investment Bank (AIIB) President Jin Liqun during the International Monetary Fund and World Bank annual meeting in Washington D.C. Saturday (local time). The two discussed a possible partnership between Korea and the AIIB. / Courtesy of the Ministry of Economy and Finance

2019-10-20 20:34

KOFIA chairman in hot seat for 'verbally abusing' workers

Korea Financial Investment Association (KOFIA) Chairman Kwon Yong-won is facing growing criticism for allegedly verbally abusing his driver and other company workers, according to the KOFIA union, Sunday

2019-10-20 20:32

South Korea, Australia to strengthen currency ties: ministers

The finance ministers of South Korea and Australia discussed ways to strengthen the two countries' currency swap agreement and other financial cooperation in Washington, the finance ministry said Saturday.

2019-10-19 12:32

South Korea unlikely to be removed this time from US currency list: minister

South Korea unlikely to be removed this time from US currency list: minister

Finance Minister Hong Nam-ki said Friday he believes it is unlikely that Seoul will be removed from an upcoming list of countries the United States monitors for currency practices. Hong made the remark to reporters in Washington as the U.S. Treasury Department is expected to soon release its next report on the currency practices of U.S. trading partners.

2019-10-19 12:21

South Korea, Australia to strengthen currency ties: ministers

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.

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.

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.

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...

2019-10-16 17:05

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