S. Korea considers supplementary budget to mitigate economic impact of outbreak

S. Korea considers supplementary budget to mitigate economic impact of outbreak

the South Korean government is reviewing all options to minimize the economic impact of the outbreak vice finance minister Kim Yong bomb told reporters on Monday that his ministry will provide all possible financial support including a supplementary budget pointing out the currency exchange rate dramatically moving in one direction Kim also said the government […]

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U.S. likely to remove S. Korea from watchlist on currency manipulation: report

U.S. likely to remove S. Korea from watchlist on currency manipulation: report

Bloomberg reported on Thursday that the US Treasury Department is likely to take South Korea off its currency manipulation watchlist citing people familiar with the matter Bloomberg said the number of countries on the list will jump to 20 from 12 in the report issued last October but it says those 20 countries won’t include […]

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U.S. considering tariffs on countries with undervalued currencies

U.S. considering tariffs on countries with undervalued currencies

The Trump administration considers slapping duties on goods from countries found to have undervalued currencies. Such a move would not only hamper Washington’s ongoing trade negotiations with Beijing, it could have an impact on South Korea as well. For details let’s turn to our Kim Hyesung. The U.S. Commerce Department said Thursday that it’s proposing […]

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Special set of commemorative coins and banknotes for PyeongChang 2018 to be released

Special set of commemorative coins and banknotes for PyeongChang 2018 to be released

IT, Peace and of course culture. In tune with the central theme of the 2018 Pyeongchang winter games… a special set of commemorative are unveiled. Won Jung-hwan shows us how the organizing committe and many other dedicated individuals are putting the final touches to add to the festive mood. The organizers of the PyeongChang 2018 […]

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Korean banks to close accounts linked to virtual currency trading

Korean banks to close accounts linked to virtual currency trading

Now to news that might worry local Bitcoin traders. The Korean government has taken its first steps… to regulate the local cryptocurrency market. Financial authorities are considering new regulations,… that could ban most virtual currency transactions… save for a select few… operating under strict guidelines. Yu Joonhee reports. For the first time,… the Korean government […]

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S. Korea has provided US$ 7.7 mil. to N. Korea for health and sanitation this year

S. Korea has provided US$ 7.7 mil. to N. Korea for health and sanitation this year

Sol has provided the largest amount of assistance to North Korea this year according to the UN a total of seven point seven million u.s. dollars has been delivered to the regime so far in 2020 for health and sanitation projects South Korea was the biggest provider of aid offering five point seven million dollars […]

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Special set of commemorative coins and banknotes for PyeongChang 2018 to be released

Special set of commemorative coins and banknotes for PyeongChang 2018 to be released

Information technology, peace and culture. In line with the central themes of the 2018 PyeongChang Winter Olympics,… South Korea has officially unveiled its special set of commemorative coins and banknotes for the Games. Won Jung-hwan reports. The organizers of the PyeongChang 2018 Winter Olympic Games have showcased a new set of commemorative coins and banknotes […]

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Gov’t launches task force to investigate suspicious virtual currency transactions

Gov’t launches task force to investigate suspicious virtual currency transactions

The Korean Financial Supervisory Commission has laid out strong measures to crack down on illegal activities within the cryptocurrency market. It plans to create a special task force to investigate any cryptocurrency transactions that it classes as ‘suspicious’. Kim Mok-yeon with the details. The Financial Supervisory Commission’s Financial Intelligence Unit announced on Thursday that it […]

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Bank of Korea to monitor financial markets on U.S.-Iran standoff

Bank of Korea to monitor financial markets on U.S.-Iran standoff

meanwhile the Bank of Korea pointed out there’s a possibility of increased volatility in the local financial and foreign exchange market due to the u.s. Iran standoff after a meeting Wednesday to gauge the possible impact of the Middle East tensions the BOK Val to monitor the situation around the clock but added many analysts […]

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