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Wed, January 27, 2021 | 03:49

KRX chief vows to enhance short selling system

KRX chief vows to enhance short selling system

Sohn Byung-doo, head of the Korea Exchange (KRX), the country's bourse operator, stressed that the KRX will do its best to correct and improve the current short-selling system, which has been criticized by local individual investors for creating an uneven playing field for them.

Anna J. Park | 2021-01-26 16:15

Moon urges compensation measures for virus-hit small merchants, self-employed

Moon urges compensation measures for virus-hit small merchants, self-employed

President Moon Jae-in instructed his government Monday to explore "institutional" ways to compensate the self-employed and owners of small businesses in South Korea for their losses that are attributable to the COVID-19 pandemic. The call represented Moon's first public message on whether relevant legislation is necessary, which has emerged as a politically hot issue ahead of...

2021-01-25 17:12

Commercial banks call profit-sharing 'unfair'

Salaried foreign workers should file year-end tax settlements by February

Salaried foreign workers should file year-end tax settlements by February

Salaried foreign workers should file a year-end tax settlement for the past 11 months plus their upcoming February salary, the tax agency said Monday.

2021-01-25 16:18

Bank of Korea remains optimistic over Biden's fiscal expansion economic recovery

Bank of Korea remains optimistic over Biden's fiscal expansion economic recovery

The Bank of Korea (BOK) has expressed optimism for the super-expansionary fiscal policy of U.S. President Joe Biden's new administration.

2021-01-24 16:37

Brokerages, insurers face stricter monitoring over foreign exchange exposure

Brokerages, insurers face stricter monitoring over foreign exchange exposure

Korea plans to beef up monitoring of foreign exchange liquidity conditions at non-banking financial firms, including brokerages and insurers, to prevent potential market turmoil caused by a dollar shortage, the Ministry of Finance and Economy said Wednesday. Under the plan, non-banking financial firms will be required to submit a monthly plan on borrowing U.S. dollars, includ...

2021-01-20 16:59

Korea needs to join trans-Pacific partnership, draw foreign investment

Korea needs to join trans-Pacific partnership, draw foreign investment

Korea should join a trade agreement among 11 countries in the trans-Pacific area to better navigate new U.S. trade conditions under Biden, a state-run think tank report said Tuesday.

2021-01-19 16:48

Korea steps back from resumption of short-selling

Korea steps back from resumption of short-selling

The Financial Services Commission (FSC) appears to be taking a step back from lifting its temporary ban on short-selling on the Seoul bourse in March, after facing sharp criticism from ruling party lawmakers and retail investors over the issue.

2021-01-19 14:38

'Short-selling gains 39 times greater than retail leveraged trading'

'Short-selling gains 39 times greater than retail leveraged trading'

The returns on short-selling were 39 times greater than retail, leveraged trading over the past three years, highlighting the expanded gap in stock gains between individual, retail investors and their large counterparts - foreign and institutional investors, a study showed Monday.

2021-01-18 15:37

Bank of Korea warns against steep rise in leveraged lending

Bank of Korea warns against steep rise in leveraged lending

The Bank of Korea (BOK) warned Friday against a steep rise in leveraged lending to households for stock investments.

2021-01-15 15:53

Bank of Korea keeps key rate at record low as pandemic persists

Bank of Korea keeps key rate at record low as pandemic persists

Korea's central bank on Friday held its policy rate unchanged at a record low of 0.5 percent, as the fallout from a third wave of the new coronavirus hurt the scope of maintaining an economic recovery. As widely expected, the monetary policy board of the Bank of Korea (BOK) voted to leave the base rate steady in this year's first rate-setting meeting.

2021-01-15 10:31

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