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Per capita income in South Korea declined for the second year running in 2020, as the COVID-19 pandemic dragged the economy down to its lowest point since the 1997-1998 Asian financial crisis, data s...
Some 2,800 people suspected of having purchased land for speculation purposes, including some high-profile government officials, have come under investigation since the government launched a joint p...
South Korea’s central bank should raise its benchmark interest rate in the second half of the year, given the faster-than-expected pace of the economic recovery, a think tank here said. “If the Ba...
Hyundai Card has decided it would not acquire the credit card business unit of Citibank Korea, which has been up for sale following its parent company’s reorganization plans in Asia, the company said...
South Korea’s top financial regulator said Thursday that it will host a special session ahead of the upcoming P4G Seoul Summit to discuss the finance industry’s role in the global fight against clim...
Leveraged cryptocurrency trading by individuals in South Korea threatens the nation’s financial system, Bank of Korea Gov. Lee Ju-yeol said on May 27. Given the price volatility of virtual assets,...
Finance Minister Hong Nam-ki said on May 20 that the government will roll out changes to housing policies which may include real estate taxation reforms as early as next month. While maintaining t...
The South Korean government will support the development and commercialization of clean energy technologies and set up a climate response fund next year to achieve the goal of going carbon neutral b...
Transforming South Korea’s economy into a fairer and more transparent one was what President Moon Jae-in had in mind when entering office in 2017. To soothe the public enraged over high-profile co...
Cho Young-eun, a 68-year-old retiree in Seoul, thought she would have a comfortable life in the years ahead. She and her husband had an apartment to live in, and a pension and savings to cover their...
South Korea’s National Pension Service has adjusted its rules to raise the strategic asset distribution limit for domestic stock holdings by 1 percentage point, Minister of Health and Welfare Kwon D...
South Korea’s maximum legal interest rate that private lenders can charge customers will be lowered to 20 percent per annum from July, the nation’s top financial regulator said on March 30. A revi...
South Korea’s tax agency said on March 15 that it had caught more than 2,400 individuals who hid assets in virtual currencies to avoid taxation. The National Tax Service collected data from digita...
South Korea should adopt fractional share investing in order to enhance financial inclusiveness and diversify asset portfolio of small investors still rely heavily on real estates, the head of a loc...
South Korea’s state-run lender Korea Development Bank said March 3 that it had agreed on a $126 million commitment to finance an artificial satellite project in Indonesia. KDB is the first Korean ...
Market watchers positive on SKT spinoff decision
Koramco to buy green office building in eastern Seoul
NH Financial sets up W150b ESG fund tied to Green New Deal
FSC gives green light to Korea’s third mobile-only bank
S. Korea’s per capita income shrinks for 2nd year in a row
Korea’s only luxury goods ETF beats Kospi
LG Energy Solution seeks mega IPO on Kospi in H2
AMC, Doosan Heavy, HMM: Meme stocks rise in Korea
June 15, 2021
![[Feature] Korea’s aging society faces burden of rising debts, heavy taxes](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=155&simg=/content/image/2021/04/22/20210422000212_p.jpg)
