The initial agreement lacked specific details on how the $350 billion investment would be handled, leaving Seoul and Washington at odds. The US has been pressing for more upfront…
The rally is stoking expectations that Lee’s pledge to usher in a “Kospi 5,000” era could be more than rhetoric, as investors bet on the government’s policy support to…
Just two or three years ago, many hotel properties had been either converted into office space or closed altogether due to the impact of the COVID-19 pandemic. Now, with inbound…
Offshore capital sets tone for Kospi, as trading volume and influence eclipse muted domestic voices.
However, there are concerns that the coupon program could add strain to the government’s fiscal health, which has already been put to the test.
Some view the initiative as a safety net for the financially vulnerable and a means to reduce the strain of bad debt on the broader financial system. Others raise concerns over…
In a bid to support the struggling economy, the central bank also delivered a quarter-point base rate cut. The downgrade factors in the 0.2 per cent economic contraction in the…
The won’s recent appreciation provides the BOK with more room to cut its base rate by a quarter percentage point, as it currently stands at 2.75 percent.
An updated regulation, set to take effect on July 22, does not apply "foreign investment" provisions to Korean-registered private equity firms, even if they are effectively…
The won's appreciation is partly the result of the record rally of the Taiwanese dollar. The Taiwanese currency surged 5 percent on Monday, marking its biggest gain since 1988, as…