Brokerage and insurer dollar deposits are being monitored with extra vigilance as the multi-trillion-dollar economic stimulus packages planned by the Joe Biden administration threaten to flood foreign exchange markets.
Korea's Finance Ministry said Tuesday it will carefully manage ample liquidity this year to prevent idle money from causing asset bubbles and increasing household debt.
North Korea overhauled its cabinet in response to the economic failures of the past five years during a session of its rubber-stamp legislature, state media reported Monday.
Kim Jong-un admitted his regime fell "extremely" short of meeting its economic goals over the last five years at the opening of a rare ruling party congress Tuesday.
North Korea convened the eighth Congress of its ruling Workers’ Party on Tuesday with an address by Kim Jong-un, the leader admitting the regime fell “extremely” short in meeting its economic goals over the last five years.
North Korea scheduled its eighth ruling Workers’ Party Congress for early January during a Politburo meeting headed by its leader Kim Jong-un, announced state media on Wednesday.
The government-assessed value of standalone houses in Seoul will increase 10.13 percent next year, higher than this year’s increase of 6.82 percent from 2019. The average increase for the nation is 6.68 percent.
The government strongly defended the so-called “fair economy” bills that were rammed through a week ago by the ruling Democratic Party, which holds a clear majority in the National Assembly.
Having a reliable friend can be comforting. The same goes for countries. South Korea must thank the United States for its staggering economic advances. A war should not have happened. But it had the silver lining of connecting...
The Democratic Party, with its clear legislative majority, pushed through three bills that significantly amend existing laws, to the consternation of the business community.