Topics: South 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.

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.

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.

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.

In November alone, the number of passengers on international routes in South Korea reached 3,081,000 which increasing 734% compared to the same period last year, while the number of passengers on domestic routes decreased by 12.9% to 2,853.00.

In November alone, the number of passengers on international routes in South Korea reached 3,081,000 which increasing 734% compared to the same period last year, while the number of passengers on domestic routes decreased by 12.9% to 2,853.00.

With an increasing number of lonely elderly people, Korea is facing many challenges of a super-aged society.  This is also a opportunity for many startups.

South Korea stands at the second place just behind countries like Japan and Germany in terms of an aging population (called the super old society) where people aged 65 and over account more than 20% of the population.

With an increasing number of lonely elderly people, Korea is facing many challenges of a super-aged society.  This is also a opportunity for many startups.

South Korea stands at the second place just behind countries like Japan and Germany in terms of an aging population (called the super old society) where people aged 65 and over account more than 20% of the population.

It is reported that the profit of South Korean electronics group Samsung reached 9,300 billion won ($8.3 billion), up 44.19% in the first quarter of the year, far exceeding market forecast of about 8,900 billion won (7.9 billion USD).

It is reported that the profit of South Korean electronics group Samsung reached 9,300 billion won ($8.3 billion), up 44.19% in the first quarter of the year, far exceeding market forecast of about 8,900 billion won (7.9 billion USD).

In the last days of March, Korea successfully launched the first new generation mid-range CAS500 satellite.  This is a historic step for the Korean space industry, showing that Seoul is ready to catch up with the global trend of space exploration.

In the last days of March, Korea successfully launched the first new generation mid-range CAS500 satellite.  This is a historic step for the Korean space industry, showing that Seoul is ready to catch up with the global trend of space exploration.

The unemployment rate in South Korea soared to 5.7%.  In particular, the group of young people from 15 to 29 was most affected.

The unemployment rate in South Korea soared to 5.7%.  In particular, the group of young people from 15 to 29 was most affected.

South Korea will invest 202.4 billion won ($181.8 million) this year in virtual reality (VR) technologies and equipment to support the country's digital industry development.

South Korea will invest 202.4 billion won ($181.8 million) this year in virtual reality (VR) technologies and equipment to support the country\'s digital industry development.