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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Economy

Tue, March 28, 2023 | 08:37

Gov't to lower threshold for corporate M&As

Gov't to lower threshold for corporate M&As

Financial authorities will ease prerequisite legal requirements for business acquisitions by companies in an attempt to foster corporate mergers and acquisitions (M&As). The Financial Services Commission (FSC), the top financial regulator of the country, will lower the capital qualifications required of companies who attempt tender offers for the purchase of company stocks fr...

Anna J. Park | 2023-03-27 17:14

Yoon's belt-tightening policy at crossroads over economic slowdown

Yoon's belt-tightening policy at crossroads over economic slowdown

The government appears to be standing at a crossroads of whether to maintain its belt-tightening policy, as the budget is squeezed to revitalize the economy in the face of a deepening economic slowdown. According to the National Assembly Budget Office, Monday, tax revenue is estimated to decline by 6 trillion won ($4.61 billion) in 2023 from a year earlier.

Yi Whan-woo | 2023-03-27 16:22

Local banks show no signs of withdrawal problems: regulator

Local banks show no signs of withdrawal problems: regulator

Korea's financial regulator said Monday that local banks showed no signs of abnormality in their withdrawal and deposit operations.

2023-03-27 12:38

It may take longer for Korea to experience spillover effects as China reopens: KB report

It may take longer for Korea to experience spillover effects as China reopens: KB report

Korea will need time before enjoying some of the spillover effects from China's reopening, a financial report hinted on Sunday, noting that Chinese consumers are unwilling to spend money as much as they did before COVID-19.

Yi Whan-woo | 2023-03-26 16:33

Korea posts IPR trade deficit in 2022

Korea posts IPR trade deficit in 2022

Korea posted a trade deficit in intellectual property rights (IPRs) in 2022, partly due to shortfalls in industrial property rights, central bank data showed Friday.

2023-03-24 15:13

Korea, Andorra agree on double-tax avoidance pact

Korea, Andorra agree on double-tax avoidance pact

Korea's finance ministry said Friday it has initialed a double-taxation prevention pact with the European microstate of Andorra, in a move that could boost bilateral economic cooperation.

2023-03-24 12:16

Korea's overseas investment hits fresh high in 2022

Korea's overseas investment hits fresh high in 2022

Korea's overseas direct investment slightly increased in 2022 on-year to a fresh high on the back of the chips and automobile industries, although the overall growth was limited in the face of economic uncertainties, data showed Friday.

2023-03-24 11:14

Tax chief meets with ECCK

Tax chief meets with ECCK

National Tax Service (NTS) Commissioner Kim Chang-ki, second from left, poses with NTS Assistant Commissioner for International Taxation Choi Jae-bong, left, European Chamber of Commerce in Korea (ECCK) Chairperson Dirk Lukat, third from left, and ECCK President Christoph Heider, right, at a meeting held in downtown Seoul, Thursday. Courtesy of NTS

2023-03-23 17:17

Korea-US interest rate gap expands to record high

Korea-US interest rate gap expands to record high

The interest rate gap between the Bank of Korea (BOK) and the U.S. Federal Reserve widened to a new high of 1.5 percentage points, Thursday, for the first time in almost 22 years, following the Fed's “unsurprisingly dovish” rate hike of 25 basis points. The sequential collapse of U.S. financial institutions forced the Fed to turn to the less hawkish pivot. The Fed's benchmark...

Lee Min-hyung | 2023-03-23 16:55

Korea to raise guard against market instability after Fed rate hike

Korea to raise guard against market instability after Fed rate hike

Korea to raise guard against market instability after Fed rate hike

Korea's chief economic policymaker warned Thursday of the possibility of further instability in the global financial market, such as a recent bank turmoil sparked by the failure of American lenders, amid the continued monetary tightening moves by the United States and major economies.

2023-03-23 09:57

Korea-US interest rate gap expands to record high

US Fed lifts key interest rate amid banking sector fears

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