KB News DeskKorea market watchdog highlights pension fund’s role in market reforms
The head of Korea’s market watchdog stressed on Thursday the importance of the public pension fund’s role in the success of ongoing capital market reforms, nudging the fund to invest…
Money supply continues to rise in July amid restrictive policy: BOK
Korea’s money supply continued to increase in July from a month earlier amid an extended tightening policy mode, central bank data showed Friday. The country’s M2, a key gauge of…
BOK likely to cut key rate in November: analysts
Korea’s central bank is likely to cut its policy rate in November, rather than in October, as it wants to be confident of a slowdown in household debt increase amid…
Finance minister calls for vigilance against rising household debt
Finance Minister Choi Sang-mok said Thursday that the government will stay vigilant against surging household debt and double up on effort to manage it in a stable manner. Choi made…
BIS raises alarm on Korea’s surging household credit
The Bank for International Settlements has cautioned that South Korea’s expanding private sector credit is beginning to weigh on economic growth, with further increases posing additional risks. The Switzerland-based consortium…
Minister pushes for inheritance tax overhaul
Ministry to propose tax bill in H1 2025 South Korea is set to overhaul its inheritance tax system next year, with the Finance Ministry preparing a bill to tax the…
FSC chief calls on mutual savings banks to swiftly address risks on PF loans
The chief of the financial regulator urged mutual savings banks Monday to recommit themselves to their basic duty of serving their communities, also calling on them to quickly address risks…
S. Korea logs current account surplus for 3rd month in July
South Korea racked up a current account surplus for the third consecutive month in July, driven by robust exports, central bank data showed Friday. The country’s current account surplus reached…
Financial regulator calls for need to reform private pension programs
The head of the financial regulator stressed the need to improve private pension programs Thursday, a day after the government unveiled details of a reform plan for the national pension…
Regulator calls for ‘coordinated’ efforts to curb rise in household debts
The head of Korea’s financial regulator on Wednesday called for coordinated pan-industry efforts to curb the rise in household debts. Lee Bok-hyun, chief of the Financial Supervisory Service (FSS), insisted…
