South Korea's foreign exchange policy will remain unchanged under the new economic team to be led by the finance minister nominee, according to a senior government official.
June 17, 2014The South Korean financial watchdog said the chiefs of the country's biggest banking group KB Financial Group and its flagship Kookmin Bank were both accountable for the gross negligence in handling what has turned into a scandalous computation system change.
June 13, 2014South Korea's top central banker highlighted the increasing role of central banks in achieving sustainable economic growth following the global financial crisis.
June 5, 2014The South Korean financial regulator has filed criminal charges against a U.S.-based trading company and four of its dealers for making illegal gains through price rigging.
May 30, 2014Bank Negara of Malaysia and the Bank of Korea have launched a currency swap facility worth up to RM5 billion, or five trillion won, to facilitate trade settlements between companies in Malaysia and South Korea.
May 28, 2014South Korea needs to strengthen the independence of its financial authorities to ensure the safety and soundness of its financial sector, said the International Monetary Fund.
May 22, 2014As part of capital market reforms, the Financial Services Commission said it will complete state-run Korea Development Bank’s merger with policy lender Korea Finance Corp within the year.
May 16, 2014