SEOUL, Nov. 7 (Korea Bizwire) – South Korea’s financial authorities on Monday announced a shift to an emergency operation mode to cope with a host of challenges facing Asia’s fourth-largest economy. Yim Jong-yong, tapped as the nation’s finance minister, described the current situations as a crisis that’s like “stepping on thin ice.” Yim, chairman of [...]
SEOUL, June 24 (Korea Bizwire) – South Korea on Friday said it will use all means to stabilize the local financial market following the unexpected result of the historic British referendum to leave the European Union. As the world’s fifth-largest economy got ready to leave the 28-member economic bloc, South Korea’s financial market suffered a [...]
SEOUL, Oct. 4 (Korea Bizwire) – The financial regulator said Sunday that it will allow public and private pension funds to invest in exchange traded funds (ETFs) in a bid to provide a safer and decent yield-generating investment tool in the low rate environment. An ETF refers to an investment fund traded on stock exchanges [...]