South Korea's Finance Minister Koo Yun-cheol stated the government is considering measures to address issues caused by newly introduced single-stock leveraged ETFs, which are blamed for increased stock market volatility. These ETFs track major companies like Samsung Electronics and SK hynix, contributing to sharp swings in the KOSPI index.
南韓財長具潤哲示警，韓元貶值至近2個月低點，股市則受AI熱潮推升創高，但散戶借錢炒股（融資融券）餘額創20年新高，顯示高槓桿交易已成市場主要風險，政府將必要時干預匯市穩定市場。
South Korea's Finance Minister Koo Yun-cheol announced plans to supply 90,000 rental housing units for young people in the greater Seoul area by 2027. The initiative aims to stabilize the housing market and improve living conditions for youth, utilizing non-apartment housing and modular construction methods.
South Korean Finance Minister Koo Yun-cheol promoted the 'Korea premium' to British investors, emphasizing solid economic fundamentals and AI capabilities. He highlighted reforms aimed at attracting foreign investment and discussed cooperation in AI and renewable energy with financial leaders.
South Korean Finance Minister Koo Yun-cheol pitched the 'Korea premium' to British investors, highlighting solid economic fundamentals and AI capabilities. He noted reforms and market growth, aiming to attract foreign investment.
South Korean Finance Minister Koo Yun-cheol will visit Europe to attend the G7 finance ministers' meeting in Paris and to promote investment in South Korea. He will also host an investment briefing in London.
South Korea's Finance Minister Koo Yun-cheol expressed concern over the breakdown of wage talks at Samsung Electronics, urging the company and labor union to reach an agreement through principle-based negotiations.
SEJONG, May 11 (Yonhap) -- Finance Minister Koo Yun-cheol said Monday the tempor...
SEJONG, May 11 (Yonhap) -- Finance Minister Koo Yun-cheol said Monday the tempor...
SEOUL, May 8 (Yonhap) -- Finance Minister Koo Yun-cheol said Friday the economy ...
SEOUL, May 6 (Yonhap) -- Finance Minister Koo Yun-cheol said South Korea's stock...
SEOUL, May 6 (Yonhap) -- Finance Minister Koo Yun-cheol underscored the importan...
SEOUL, May 5 (Yonhap) -- South Korean Finance Minister Koo Yun-cheol and Uzbek P...
Finance Minister Koo Yun-cheol called for strengthening ASEAN+3 regional cooperation amid growing external economic uncertainty from the U.S.-Israeli war against Iran. Speaking at the 29th ASEAN+3 finance ministers meeting in Samarkand, Uzbekistan, Koo said the Middle East crisis poses a threat to South Korea's economy, highlighting the government's 26.2 trillion-won extra budget. He also chaired a trilateral meeting with China and Japan on downside economic risks.
SEOUL, April 30 (Yonhap) -- Finance Minister Koo Yun-cheol will attend a series ...
Finance Minister Koo Yun-cheol said Thursday that South Korean financial institutions have sufficient capacity to withstand crisis scenarios amid volatility in financial and foreign exchange markets. Stress tests confirmed institutions can respond to crises involving oil prices and exchange rates.
Finance Minister Koo Yun-cheol met with AMCHAM chairman James Kim to discuss South Korea's efforts to develop its capital market as a core engine of economic growth. The government plans to operate the foreign exchange market on a 24-hour basis and establish an offshore won settlement system to meet MSCI developed market index criteria.
Finance Minister Koo Yun-cheol emphasized the need for cooperation between large corporations and SMEs in South Korea's bio sector, calling for a mutually beneficial industrial ecosystem. He urged companies to continuously enhance R&D investment and product safety standards amid rapid technological changes driven by AI.
Finance Minister Koo Yun-cheol urged major South Korean conglomerates including Samsung, Hyundai and SK hynix to continue innovating and developing new growth engines amid global industrial shifts like AI transformation. The minister noted the economy posted 1.7% quarterly GDP growth in Q1 — the fastest in 5 1/2 years — while pledging government support through regulatory reform and investment measures.
