finance ministry
Scope
Date
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Business & Politics
Korean government to finance $625 million for K-content in 2023
South Korean President Yoon Suk-yeol emphasized on Thursday the importance of K-content, saying content will become the most important industry to s...
Jan 06, 2023 (Gmt+09:00)
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Business & Politics
Korea proposes bigger tax breaks for chipmakers, key industries
The South Korean government plans to raise tax breaks for facility investments by big companies, including chipmakers, to as much as 25% following P...
Jan 03, 2023 (Gmt+09:00)
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ESG
Woori Financial wins MSCI ESG global leader rating for 2nd year
Woori Financial Group said on Thursday it has earned an AA rating for the second consecutive year in the global ESG rating announced by Morgan Stanl...
Dec 30, 2022 (Gmt+09:00)
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Corporate restructuring
M2N to sell 52% stake in Chinese automotive parts company DKCA
M2N( DK D&I Co. ), the parent company of pharmaceutical firm Sillajen Inc., announced on Tuesday that it has signed an agreement to sell its maj...
Dec 28, 2022 (Gmt+09:00)
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Pension funds
NPS fund management taps former GEPS CIO Seo as new chief
National Pension Service (NPS) of South Korea, the world's third-largest pension fund, has tapped Seo Won-joo as the new chief investment officer, a...
Dec 27, 2022 (Gmt+09:00)
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Banking & Finance
85% of S.Korea's Gen MZ have contactless savings accounts
A study finds 90% of South Korea's Generation MZ, a demographic comprising millennials and Generation Z members born between 1981 and 2010, use cont...
Dec 26, 2022 (Gmt+09:00)
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Korean chipmakers
Rep. Yang Hyang-ja criticizes 8% tax cut for chipmakers as step backward
South Korean politician Yang Hyang-ja, a Samsung Electronics Co. executive-turned-lawmaker, criticized her fellow lawmakers' decision to raise the p...
Dec 23, 2022 (Gmt+09:00)
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Aerospace & Defense
Launch of Innospace's Hanbit-TLV rocket called off due to technical glitch
The Ministry of Science and ICT announced on Wednesday that it will invest 350 billion won ($273 million) to build a rocket launch site, which will ...
Dec 23, 2022 (Gmt+09:00)
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Banking & Finance
KEXIM to provide $1.2 bn project financing for Indonesian refinery project
The Export-Import Bank of Korea (Eximbank) announced on Friday that it has signed a $1.2 billion project financing agreement with the Indonesian sta...
Dec 16, 2022 (Gmt+09:00)
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Airlines
Korean Air resumes regular staff recruitment for 1st time in 3 years
Korean Air Lines Co. for the first time in three years has resumed regular staff recruitment that was suspended by the COVID-19 pandemic.Airline ind...
Dec 16, 2022 (Gmt+09:00)
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Chemical Industry
KCC's paint selected as World-Class Product for 14 consecutive years
South Korea's leading chemical and auto parts supplier KCC Corp. said on Thursday that its anti-rust and anti-fouling paints for ships and ceramics ...
Dec 16, 2022 (Gmt+09:00)
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Machinery
Hyundai CE to support low-interest installment financing for customers
South Korea's Hyundai Construction Equipment Co. Ltd. has joined hands with Hyundai Commercial, a company specializing in industrial and corporate f...
Dec 15, 2022 (Gmt+09:00)
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Markets
Korea Exchange, Uzbek Ministry of Finance sign agreement for cooperation
The Korea Exchange (KRX) has agreed to cooperate with the Ministry of Finance of Uzbekistan on the maintenance of the stock market IT system. T...
Dec 13, 2022 (Gmt+09:00)
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Automobiles
Future transport center to make UAM, autonomous vehicle transfer easy
The Korean Ministry of Land, Infrastructure and Transport's Metropolitan Area Transportation Committee said on Sunday that it would promote establis...
Dec 05, 2022 (Gmt+09:00)
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Banking & Finance
BNK Capital launches operations at Kyrgyzstan subsidiary
Korea's loan and financing company BNK Capital on Thursday said its subsidiary in Kyrgyzstan, MCC BNK Finance LLC, has launched operations as its si...
Dec 02, 2022 (Gmt+09:00)
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Capital raising
Industrial Bank of Korea provides Silicon Valley-style financing for startups
Industrial Bank of Korea (IBK) on Friday launched the IBK Venture Loan, which provides bridge loans to promising startups struggling to borrow funds...
Dec 02, 2022 (Gmt+09:00)
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Economy
Average household debt in South Korea exceeds $69,000 so far this year
The average household debt in South Korea has exceeded 90 million won ($69,284). While the figure appears to be high by Korean standards, average ho...
Dec 01, 2022 (Gmt+09:00)
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Corporate investment
First joint law office with overseas firm to open in Korea
The first South Korea-overseas joint law firm is set to start operations in Seoul.The joint firm of Korean law firm Hwahyun and UK’s Ashurst h...
Nov 29, 2022 (Gmt+09:00)
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Artificial intelligence
Gaming firm NCSOFT wins S.Korea’s largest AI R&D competition
South Korean game developer NCSOFT Corp. announced on Friday that it won first place at this year’s Artificial Intelligence Grand Challenge, h...
Nov 25, 2022 (Gmt+09:00)
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Korean SMEs
Korean ministry, Incheon airport to develop distribution center for SMEs
The Korea SMEs and Startup Agency (KOSME) and Incheon International Airport Corp. (IIAC) on Wednesday announced their signing of a contract to bui...
Nov 24, 2022 (Gmt+09:00)
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Economy
Finance ministry stresses need to reduce maximum corporate tax rate
A total of 103 companies, a mere 0.01% of the total number of corporations in South Korea, are paying more than 40% of the country’s total cor...
Nov 22, 2022 (Gmt+09:00)
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Travel & Leisure
Number of tourists to S.Korea, Japan surge on eased visa restrictions
As restrictions to traveling across national borders loosen, the number of international travelers to both South Korea and Japan have been on the ri...
Nov 18, 2022 (Gmt+09:00)
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Economy
S.Korea to launch control tower for immigration policy
South Korea is set to establish a government body as early as the first half of 2023 to comprehensively control its immigration policy as Asia&rsquo...
Nov 08, 2022 (Gmt+09:00)
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Investment banking
Korea's KB Securities to earn market's 1st quadruple crown
In a first for a Korean brokerage, KB Securities has led all major performance categories this year and could achieve the domestic sector's first "q...
Nov 03, 2022 (Gmt+09:00)
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Banking & Finance
Korean American women leaders in finance stress finding joy in work
NEW YORK – One by one, impeccably dressed Korean American women flocked into the Anchorage Capital Group’s headquarters in New York City...
Nov 03, 2022 (Gmt+09:00)
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Sovereign bonds
Korea on watch list for WGBI inclusion; hoping for bond inflows
FTSE Russell, a global index provider, added South Korea to the watch list for potential inclusion in its FTSE World Government Bond Index (WGBI), p...
Sep 30, 2022 (Gmt+09:00)
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Markets
S.Korea to take measures to support stock, bond markets
South Korea is set to take measures to stabilize local stock and bond markets hit by global interest rate hikes amid growing risks of a worldwide ec...
Sep 28, 2022 (Gmt+09:00)
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Banking & Finance
Korea Investment & Securities and Stifel Financial form joint venture
Korea Investment & Securities Co., a subsidiary of Korea Investment Holdings, announced on Wednesday that it has formed a joint venture with Mis...
Sep 28, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Aircraft maker KAI: Hanwha Group's new M&A target?
Hanwha Group’s agreement to buy a controlling stake in Daewoo Shipbuilding & Marine Engineering (DSME) Co. for 2 trillion won ($1.4 billio...
Sep 27, 2022 (Gmt+09:00)
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Central bank
BOK chief signals another big step as Fed hike haunts won
South Korea’s central bank on Thursday signaled another 50-basis-point policy interest rate hike as the won currency weakened past the psychol...
Sep 22, 2022 (Gmt+09:00)