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Tue, September 26, 2023 | 06:01

Korea to allow offshore firms' participation in FX market

Korea to allow offshore firms' participation in FX market

Korea has paved the way for offshore firms to participate in the foreign exchange market in line with efforts to attract more investment from overseas, the finance ministry said Monday.

2023-09-25 11:34

Korean insurers turn to ASEAN amid low birthrates

Korean insurers turn to ASEAN amid low birthrates

As Korea's birthrate hits a record low, local insurance companies are increasingly expanding their operations overseas. Among the targeted regions, the Southeast Asian market - characterized by a high percentage of young people and rapid economic growth - is emerging as a "blue ocean" for these firms.

2023-09-21 16:17

Stock price manipulators' accounts to be frozen

Stock price manipulators' accounts to be frozen

Financial authorities say they will tighten their grip on unfair transactions following a recent stock manipulation scheme that caused the share prices of nine companies to plummet without any clear reason.

2023-09-21 15:30

Gov't seeks to boost greenhouse gas emission trading by introducing exchange-traded funds

Gov't seeks to boost greenhouse gas emission trading by introducing exchange-traded funds

The government plans to permit the sale of exchange-traded funds tracking the greenhouse gas emission trading market beginning next year as part of efforts to activate the country's sluggish emission trading, officials said Wednesday.

2023-09-20 17:04

Pet insurance contracts grow by 22% in 1st half

Pet insurance contracts grow by 22% in 1st half

With the increase in pet ownership and pet insurance products in the country, the number of pet insurance policy contracts rose significantly during the first half of this year.

Anna J. Park | 2023-09-20 15:58

$98.4 bil. worth of overseas crypto assets reported to tax agency

$98.4 bil. worth of overseas crypto assets reported to tax agency

Korea's tax agency said Wednesday the amount of overseas cryptocurrency assets declared this year came to 131 trillion won ($98.4 billion), following the mandatory reporting requirement introduced this year.

2023-09-20 13:45

Financial regulator in dilemma over making ESG disclosures mandatory

Financial regulator in dilemma over making ESG disclosures mandatory

Financial authorities are gearing up to require companies with over 2 trillion won ($1.5 billion) in assets to submit sustainability reports starting in 2025. However, such efforts are making slow progress as companies are now urging the regulators to extend the period, citing a lack of clear guidelines and costs.

Lee Yeon-woo | 2023-09-19 16:37

Gov't scrambles to increase housing supply amid looming shortage

Gov't scrambles to increase housing supply amid looming shortage

The government appears to be scrambling to come up with measures for increasing the housing supply as concerns are growing that the nation may face a shortage of homes within a few years due to a drop in the number of housing projects amid high interest rates and rising construction costs, according to industry officials, Tuesday.

Ko Dong-hwan | 2023-09-12 15:45

Foreigners turn net sellers of Korean stocks in August

Foreigners turn net sellers of Korean stocks in August

Foreign investors turned net sellers of Korean stocks in August amid woes over a slowdown in the Chinese economy, central bank data showed Tuesday.

2023-09-12 14:00

Retail investors flock to bond investments

Retail investors flock to bond investments

Retail investors have been flocking to the bond market throughout this year, resulting in an all-time high in bond purchases.

Anna J. Park | 2023-09-11 16:51

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