Account transfers and cash withdrawals from automated teller machines (ATMs) totaled 14.85 trillion won ($11.26 billion) in January, the lowest in 19 years, according to data from the Bank of Korea on Wednesday.
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.”
Samsung Electronics is pooling billions of dollars in cash assets into its Korean headquarters as the tech giant braces for a large-scale acquisition.
The percentage of 50,000 won banknotes returned to the central bank compared to those issued reached 67.1 percent last year, nearly matching the record high of 67.4 percent in 2018, according to the Bank of Korea on Monday.
The time has come for those democracy fighters to retreat and open a new path for their younger peers.
Former Democratic Party leader Song Young-gil was finally arrested on Tuesday for his alleged role in handing out cash to DP members to help him get elected as the new party leader in 2021.
A mobile app service that allows users to use QR codes as identification for ATM use was launched by the Korea Financial Telecommunications & Clearings Institute, the Committee on Financial Informatization Promotion and 17 domestic banks
The United States removes Korea from its currency monitoring list, revealing reduced foreign exchange reserves and declining exports.
Prosecutors on Tuesday submitted arrest warrants against Reps. Youn Kwan-suk and Lee Sung-man for the second time over their alleged involvement in a prominent cash-for-votes scandal tied to the liberal Democratic Party’s (DP) 2021 leadership race.
A former aide to previous Democratic Party (DP) leader Song Young-gil was arrested late Monday on charges related to a cash-for-votes scandal surrounding the party's 2021 leadership race.
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