The panel of experts will discuss external policy measures to cope with economic situations around the world that may affect Korea.
The Ministry of Economy and Finance announced that next year's fiscal policy will focus re-investing in R&D, resolving the falling birthrate and bolstering medical services.
The government will reduce corporate taxes for companies that work to boost shareholder returns in a bid to resolve the "Korea discount" issue.
Korea's economy is rebounding, led by strong export growth, but some sectors lag due to weak consumption and investment, according to the Finance Ministry on Friday.
Korean Finance Minister Choi Sang-mok and his Vietnamese counterpart, Ho Duc Phoc, discussed ways to strengthen bilateral economic cooperation and improve the business environment for Korean firms operating in the Southeast Asian country.
We hear no protests or complaints from MOFE these days. It keeps mum even when the opposition Democratic Party (DP) criticizes the current government for “populism.”
Finance Minister Choi Sang-mok will leave for Brazil this week to attend a Group of 20 (G20) meeting of finance chiefs and central bankers to discuss global economic and financial issues, the Ministry of Economy and Finance said Sunday.
Korea’s finance minister pledged to stay vigilant on growing uncertainties in the country’s economy and financial markets as the timing of interest rate cuts in key countries remains uncertain.
The government plans to allocate over 65 percent of its fiscal spending in the first half of 2024 towards addressing high inflation and interest rates.
The Korean government is set to expand corporate tax incentives to attract investment for facilities and research and development (R&D) in a bid to vitalize the domestic economy as high interest rates restrict corporate investment.
Korea JoongAng Daily Sitemap