The Bank of Korea is buying up to 2.5 trillion won ($1.87 billion) of repurchase agreements (repo) to help some financial institutions make their contributions to a market stabilization fund.
Korea plans to reduce the issuance of bonds by state-run companies, the finance ministry said Monday, in line with the country's efforts to stabilize the bond market hit by uncertainties.
Hana Financial Group partnered with SK Telecom and SK Square to cooperate on digital financial innovation.
Korea will carry out eased lending rules for first-time homebuyers and owners of one home next month as the once-hot housing market appears to be entering a downturn amid rising interest rates, the land ministry said Thursday.
It is the first time more than 1 million people have been charged the tax. If the Democratic Party had worked with the government to adjust the tax, about 100,000 taxpayers would have been exempted, according to President Yoon Suk-yeol's office.
Korea plans to provide a wide array of support to local shippers and venture companies to add vitality to the weak investment sentiment amid the looming global recession, the finance minister said Friday.
The finance ministry said it will maintain a high state of alert following Federal Reserve’s aggressive rate increase Wednesday and the recent missile launches and artillery volleys.
Korea's five major financial groups decided Tuesday to inject a large amount of liquidity into the financial market to help ease its recent volatility.
Choo told the National Assembly that flooding the markets with support will not fuel inflation and that the government is not working at cross-purposes with the Bank of Korea, which is aggressively tightening monetary policy.
Korea's financial authorities announced plans to expand funding for liquidity programs to at least 50 trillion won ($3.5 billion) on Sunday in an effort to calm corporate bond market jitters.