Topics: Korea

The Financial Services Commission (FSC) is cracking down on illegal short-selling activities in the local stock market, with plans to penalize two global investment banks for conducting naked short-selling transactions.

The Financial Services Commission (FSC) is cracking down on illegal short-selling activities in the local stock market, with plans to penalize two global investment banks for conducting naked short-selling transactions.

The Bank of Korea (BOK) is set to conduct a pioneering pilot test of a central bank digital currency (CBDC) involving 100,000 participants in Q4 2024. This innovative trial will simulate real-world transactions using public vouchers, addressing inefficiencies in financial systems exposed during the COVID-19 pandemic. Learn more about South Korea's efforts to revolutionize its financial landscape with CBDCs.

The Bank of Korea (BOK) is set to conduct a pioneering pilot test of a central bank digital currency (CBDC) involving 100,000 participants in Q4 2024. This innovative trial will simulate real-world transactions using public vouchers, addressing inefficiencies in financial systems exposed during the COVID-19 pandemic. Learn more about South Korea\'s efforts to revolutionize its financial landscape with CBDCs.

The Central Bank of Korea expresses concern over the overvaluation of the housing market in relation to income. With a house price-to-income ratio of 26, it would take the average worker 26 years to save for a 90 m2 house. Learn more about the challenges in the Korean housing market.

The Central Bank of Korea expresses concern over the overvaluation of the housing market in relation to income. With a house price-to-income ratio of 26, it would take the average worker 26 years to save for a 90 m2 house. Learn more about the challenges in the Korean housing market.

South Korean authorities are currently facing a race against time to implement emergency measures in order to prevent a liquidity crisis that is directly linked to real estate loans.

South Korean authorities are currently facing a race against time to implement emergency measures in order to prevent a liquidity crisis that is directly linked to real estate loans.

In June, foreign investors sold a total of 322 billion won (US$247.1 million) worth of Korean stocks, marking the third consecutive month of net selling.

In June, foreign investors sold a total of 322 billion won (US$247.1 million) worth of Korean stocks, marking the third consecutive month of net selling.

In Korea, the rising rate of single individuals has sparked a heated debate regarding the implementation of a tax solely targeting this group.

In Korea, the rising rate of single individuals has sparked a heated debate regarding the implementation of a tax solely targeting this group.

In a bid to address the growing labor shortage in South Korea, the Korean government has announced plans to increase the annual quota for issuing E-7-4 visas for skilled workers.

In a bid to address the growing labor shortage in South Korea, the Korean government has announced plans to increase the annual quota for issuing E-7-4 visas for skilled workers.

South Korea's real estate market boasts a distinctive rental system known as Jeonse, which sets it apart from other countries. Jeonse is a favored form of rental amongst Korean tenants, as it eliminates the need for monthly rent payments and obligations towards property ownership. Instead, lessees pay a one-time deposit, which can reach up to 70% of the property's value. In return, tenants enjoy a rent-free period lasting two years, after which the landlord returns the entire deposit.

South Korea\'s real estate market boasts a distinctive rental system known as Jeonse, which sets it apart from other countries. Jeonse is a favored form of rental amongst Korean tenants, as it eliminates the need for monthly rent payments and obligations towards property ownership. Instead, lessees pay a one-time deposit, which can reach up to 70% of the property\'s value. In return, tenants enjoy a rent-free period lasting two years, after which the landlord returns the entire deposit.

Global real estate market is witnessing challenging times that are marked by volatility and corrections. South Korea is also amidst a similar scenario, with a significant fall in real estate prices.

Global real estate market is witnessing challenging times that are marked by volatility and corrections. South Korea is also amidst a similar scenario, with a significant fall in real estate prices.

Foreign investors bought a record-high amount of South Korean stocks and bonds in May 2023, according to the Financial Supervisory Service.

Foreign investors bought a record-high amount of South Korean stocks and bonds in May 2023, according to the Financial Supervisory Service.

The South Korean government has issued an announcement of new changes to attract foreign investors. From December 14, foreigners will be able to open accounts with securities companies with passport numbers or corporate identifiers approved during the G20 in 2011. Additionally, from December 2023, foreign investors will be allowed to buy stocks and bonds in Korea without prior registration.

The South Korean government has issued an announcement of new changes to attract foreign investors. From December 14, foreigners will be able to open accounts with securities companies with passport numbers or corporate identifiers approved during the G20 in 2011. Additionally, from December 2023, foreign investors will be allowed to buy stocks and bonds in Korea without prior registration.

Korean commercial banks are seeing an increase in household consumer loans, as the basic interest rate shows signs of decreasing.

Korean commercial banks are seeing an increase in household consumer loans, as the basic interest rate shows signs of decreasing.

Investors in South Korea have been hit by a suspected large-scale stock price manipulation, which has led to the loss of significant amounts of money.

Investors in South Korea have been hit by a suspected large-scale stock price manipulation, which has led to the loss of significant amounts of money.

South Korea has recently extended its real estate investment immigration program by three years, marking it as a great opportunity for foreign investors.

South Korea has recently extended its real estate investment immigration program by three years, marking it as a great opportunity for foreign investors.

Netflix, the world's leading streaming service, is set to invest $2.5 billion in Korean movies, series and other content over the next four years.

Netflix, the world\'s leading streaming service, is set to invest $2.5 billion in Korean movies, series and other content over the next four years.

The rise of mobile applications has led to a new trend in South Korea, one that allows people to earn money while staying connected to their mobile devices.

The rise of mobile applications has led to a new trend in South Korea, one that allows people to earn money while staying connected to their mobile devices.

South Korea has announced its fourth plan to deregulate in order to generate private investment of 600 billion won, according to the Ministry of Economy and Finance.

South Korea has announced its fourth plan to deregulate in order to generate private investment of 600 billion won, according to the Ministry of Economy and Finance.

The wealthy in South Korea have been increasing their allocation to safe-haven assets, such as cash and bank deposits, instead of investing in real estate, according to a report by the Hana Financial Management Research Institute under Hana Bank.

The wealthy in South Korea have been increasing their allocation to safe-haven assets, such as cash and bank deposits, instead of investing in real estate, according to a report by the Hana Financial Management Research Institute under Hana Bank.

The Bank of Korea's decision to keep interest rates unchanged for the second straight meeting, amidst rising inflation and slowing economic growth.

The Bank of Korea\'s decision to keep interest rates unchanged for the second straight meeting, amidst rising inflation and slowing economic growth.

The recent decline in South Korea's construction contracts, as reported by the Korean Ministry of Land, Infrastructure and Transport, highlights the challenges faced by the country's property market.

The recent decline in South Korea\'s construction contracts, as reported by the Korean Ministry of Land, Infrastructure and Transport, highlights the challenges faced by the country\'s property market.

South Korea is undertaking a massive initiative to invest approximately $422 billion in developing core technologies and promoting domestic technology.

South Korea is undertaking a massive initiative to invest approximately $422 billion in developing core technologies and promoting domestic technology.

South Korea will announce a series of measures in the coming months to open up its domestic financial markets including a plan to extend trading hours in the foreign exchange market and allow foreign investors to enter the market.

South Korea will announce a series of measures in the coming months to open up its domestic financial markets including a plan to extend trading hours in the foreign exchange market and allow foreign investors to enter the market.

South Korea is the country with the highest spending on luxury goods in the world when measured per capita.

South Korea is the country with the highest spending on luxury goods in the world when measured per capita.

General Worker Visa (E-9) allows workers to stay for a maximum period of 4 years and 10 months.  However, the Korean Government will apply special privileges so that foreign labor who work continuously for a long time at a company and satisfy certain conditions can work for a maximum of 10 years.

General Worker Visa (E-9) allows workers to stay for a maximum period of 4 years and 10 months.  However, the Korean Government will apply special privileges so that foreign labor who work continuously for a long time at a company and satisfy certain conditions can work for a maximum of 10 years.