Minister of Economy and Finance Choi Sang-mok pledged to make the upcoming "2+2" trade talks with the United States a chance to "reinforce the Korea-U.S. alliance" as he departed for Washington on Tuesday.
Korea’s top finance and trade officials are expected to visit the United States next week for high-level discussions on tariffs and trade policy.
Chairman Kim Ki-hong of JB Financial Group repurchased some of the company’s stocks, as the finance company strives to be committed to responsible management through boosting its shareholder value.
Financial holding companies in Korea logged an almost 11 percent rise in their earnings last year, thanks to the robust performances of banks and insurers, data showed Wednesday.
The government unveiled a package of support measures Wednesday for domestic industries most impacted by the recent U.S. tariff impositions that include more than 2 trillion won ($1.5 billion) in policy financing, the finance ministry said.
Deputy Prime Minister and Finance Minister Choi Sang-mok announced Tuesday that the government would propose a budget addition of 10 trillion won ($6.8 billion) early next week.
The government is putting together a 3 trillion won relief package for the auto industry as it grapples with the impact of U.S. President Donald Trump's 25 percent tariffs.
The average annual income of Koreans aged 19 to 34 stood at 30.92 million won, or $22,900, according to a survey released on Monday by the Korea Inclusive Finance Agency.
Minister of Economy and Finance Choi Sung-mok returned to his post after serving as acting president for 87 days, during which he oversaw a number of domestic crises and rising trade tensions.
Nonghyup Cooperative Bank upgraded its NH Cok Bank mobile service to support nine languages and introduced a teenager-friendly mode. A promotional event will celebrate the changes, offering gifts to 1,300 participants.
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