Currency Volatility Expected to Persist as South Korea Faces Political and Economic Uncertainty
Continued volatility in South Korea’s currency market had been anticipated by the country’s central bank, as reported by Yonhap News Agency on Tuesday. It had been conveyed that the uncertainty affecting both the global economy and South Korea’s internal political landscape would likely prolong instability in the exchange rate. These concerns were expressed by Bank […]
South Korea Should Maintain Current Monetary and Fiscal Policies, IMF Says
The International Monetary Fund (IMF) has recommended that South Korea continues with its current monetary and fiscal policies, underlining the country’s strong economic recovery and resilience amid global uncertainties. This assessment comes as South Korea navigates the complex challenges posed by the ongoing COVID-19 pandemic and its economic ramifications. IMF Commends South Korea’s Resilience In […]
South Korea approves rules on app store law targeting Apple, Google
South Korea approved detailed rules for a law banning dominant app store operators such as Apple Inc and Alphabet’s Google. This is from forcing software developers to use their payments systems. South Korea passed the law last year, an amendment to the Telecommunication Business Act. It was the first such curb by a major economy on Apple […]
South Korea government think tank says loose monetary policy should continue
South Korea’s top government think-tank called on the central bank to maintain loose monetary policy for the time being. It has raised its economic growth forecasts for the current year. In a bi-annual report on the economy, the state-run Korea Development Institute (KDI) said that as the economic recovery has not been strong, and since […]
Smart cities, Maximum potentials
United Nations expects world’s population residing in cities will rise to 68 percent by 2050. And such a transformation will introduce some key changes in the structure of the cities to ensure the continuation of their citizens to remain habitable and sustainable. “Projections show that urbanization, the gradual shift in residence of the human population […]