The central bank has put forward an economics professor at Seoul National University and a former Bank of Korea deputy governor to replace two outgoing members.
Policy is drowned out in favor of potshots as the rival parties seek control of parliament.
While President Yoon Suk Yeol is busy correcting the policy failures that former President Moon Jae-in left behind, Moon nonchalantly said, “I have never seen such an incompetent government in the 70 years of my life."
With 12 days left before the parliamentary elections, campaigns are growing increasingly heated as parties direct slander, hatred and anger at political rivals without offering policy proposals.
A potential rate cut from the Bank of Korea is unlikely to stoke real estate prices, a member of the Korean central bank's Monetary Policy Board said Tuesday.
The government and legislature must break the taboo over favoritism towards big companies to fuel new life into industrial policy.
The American Chamber of Commerce in Korea held a forum featuring AI and regulation experts from big tech firms with policy makers to discuss the formation of oversight of the relatively new technology.
Finance Minister Choi Sang-mok urged financial authorities to carefully monitor and prepare responses to the rate decisions by both the U.S. Federal Reserve and the Bank of Japan.
Second Vice Health Minister Park Min-soo announced on Monday that the government plans to inject over 3 trillion won ($2.2 billion) into pediatrics and obstetrics.
The government is considering measures allowing grandparents to take child care leave under certain conditions, following the increase in grandparents participating in child-rearing.
Korea JoongAng Daily Sitemap