financial firm Archives | Be Korea-savvy
S. Korea Imposes Levy on Financial Firms over Foreign Borrowing

S. Korea Imposes Levy on Financial Firms over Foreign Borrowing

SEOUL, May 12 (Korea Bizwire) — South Korea has imposed a levy on financial firms’ non-deposit foreign borrowing to ease volatility in capital flows, the central banks said Thursday. The Bank of Korea said 66 financial companies, including 17 local banks and 34 branches of foreign lenders, are required to pay 0.1 percent of their [...]

S. Korea to Launch Consultative Body for AIIB Projects

S. Korea to Launch Consultative Body for AIIB Projects

SEJONG, Feb. 25 (Korea Bizwire) – The South Korean government will set up a consultative body comprised of state-run policy lenders and private financial firms to help local firms win more business projects launched by the Asian Infrastructure Investment Bank (AIIB), the finance ministry said Thursday. Policy lenders including the Korea Development Bank, the Korea [...]