finance minister nominee Archives

Finance Minister Nominee Vows Investments In AI, Biohealth To Tackle Economic Crisis

SEOUL, July 15 (Korea Bizwire) – Finance minister nominee Koo Yun-cheol said Tuesday he will push for big investments in artificial intelligence (AI) and biohealth industries to help revitalize the South Korean economy currently in a “structural crisis.” “The government will work to fundamentally strengthen the country’s job creation capacity by making big investments in [...]

Finance Minister Nominee Vows not to Tighten Mortgage Rules

SEJONG, Jan. 8 (Korea Bizwire) - South Korea’s finance minister nominee said Friday that he has no plan to tighten a set of eased mortgage regulations amid rising public demand to tackle mounting household debt. The government eased the loan-to-value (LTV) and the debt-to-income (DTI) rules in August 2014, shortly after the inauguration of Finance Minister [...]