Finance Minister Hong Nam-ki warned of a bubble in the real estate market and cautioned the public about buying -- and getting burned.
Financial Services Commission (FSC) Chairman Eun Sung-soo warned the private sector to reduce its debt as the world comes out of the pandemic and rolls back easy-money policies.
The FSC chairman said the Korean government has pledge to no longer invest in fresh projects building coal-powered generators -- even as a way of helping developing countries abroad.
Inequalities are the greatest threat to a robust economic recovery from the Covid-19 pandemic, said Eun Sung-soo, Financial Services Commission (FSC) chairman. The FSC chairman said the government will execute an orderly exit on Covid-19 policies.
Eun Sung-soo, the Financial Services Commission (FSC) chairman, promised support to accelerate the innovation of digital finance and fintech companies, especially through it D-testbed, a regulatory sandbox exclusively for fintech start-ups.
Bitcoin prices rebounded slightly on Monday afternoon to the 62 million won ($55,800) level after falling to as low as 55 million won last week -- a plunge attributed to negative comments on cryptocurrencies by Korea's financial regulator.
Eun Sung-soo, chairman of the Financial Services Commission, Sung Yun-mo, minister of trade, industry and energy and other industry officials and executives watch a demonstration of Hyundai Motor’s Kona Electric’s rapid charging technology.
Financial Services Commission Chairman Eun Sung-soo, far right, tours the SK hynix plant in Icheon, Gyeonggi, on Tuesday, along with the heads of state-run banks.
The nation’s top financial policymaker hinted that he could give conditional approval for retail investors to short sell after demands for leveling a playing field dominated by foreign and institutional investors.
State-owned Korea Development Bank (KDB) proposed a meeting with Asiana Airlines labor unions to discuss Korean Air Lines' acquisition of Asiana Airlines.