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3 days ago | 
gurutrade.com | Jihoon Lee |Lincoln Feast
SEOUL, June 25 (Reuters) - A board member of South Korea's central bank on Wednesday expressed concern about financial stability risk stemming from rising household debt.
"There is a need to be cautious about the possibility of housing market and household debt-related risks increasing again," said Kim Jong-hwa, a member of the Bank of Korea's seven-seat monetary policy board.
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3 days ago | 
gurutrade.com | Jihoon Lee |Kate Mayberry
SEOUL, June 24 (Reuters) - The senior deputy governor of South Korea's central bank said it was desirable to introduce won-denominated stablecoins at a gradual pace, first with rigorously-regulated commercial banks.
Stablecoins, a type of cryptocurrency designed to maintain a constant value – typically pegged at 1:1 to the U.S. dollar – are widely used by crypto traders to move funds between tokens, and are starting to be adopted by more and more companies.
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1 week ago | 
zawya.com | Yim Hyun-su |Jihoon Lee
SEOUL - South Korea's SK Group will invest around 7 trillion won ($5.11 billion) including $4 billion from Amazon Web Services, Amazon's cloud services provider, to build a data centre in the southern city of Ulsan, the Science Ministry said on Friday. The AI data centre, which will be the country's largest, will break ground in September and be fully operational with a capacity of 100 megawatts by 2029, the ministry said in a statement.
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1 week ago | 
jp.reuters.com | Jihoon Lee
６月１９日、韓国の李在明政権は、２０兆２０００億ウォン（１４７億ドル）の追加支出を含む第２次補正予算を発表した。ソウルで４日、代表撮影（２０２５年 ロイター） [ソウル １９日 ロイター] - 韓国の李在明政権は１９日、２０兆２０００億ウォン（１４７億ドル）の追加支出を含む第２次補正予算を発表した。補正予算の総額は３０兆５０００億ウォンで、そのうち１０兆３０００億ウォンは予想される税収不足の穴埋めに充てられる。 李氏は景気回復を最重要政策課題に掲げており、大統領就任後２週間での２次補正編成となった。１３兆８０００億ウォンの１次補正予算が５月に成立したばかりだった。 今回の追加支出の柱は李氏の看板政策である消費者への現金給付制度で、国民１人当たり１５万─５０万ウォン相当の商品券を配布する。総額は１０兆３０００億ウォンとなる。このほかに建設部門への財政支援、人工知能（ＡＩ）分野や中小企業への投資、中小企業向けの債務再編プログラムなどが盛り込まれた。 企画財政省によると、総額３０兆５０００億ウォンのうち１９兆８０００億ウォンは追加の国債発行で賄われる予定。...
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1 week ago | 
kfgo.com | Jihoon Lee
By Jihoon LeeSEOUL (Reuters) -South Korea’s new administration proposed on Thursday $14.7 billion of extra government spending to support sluggish domestic demand, as President Lee Jae Myung makes economic recovery his top policy agenda.
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1 week ago | 
kfgo.com | Cynthia Kim |Jihoon Lee
By Cynthia Kim and Jihoon LeeSEOUL (Reuters) -South Korea’s central bank governor said on Wednesday he was not against issuing won-denominated stablecoins but had concerns about managing capital flows. “Issuing won-based stablecoin could make it easier to exchange them with dollar stablecoin rather than working to reduce use of dollar stablecoin. That in turn could increase demand for dollar stablecoin and make it difficult for us to manage forex,” Rhee Chang-yong told a press conference in Seoul.
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1 week ago | 
jp.reuters.com | Jihoon Lee |Hyunjoo Jin
韓国産業通商資源省の呂翰九・通商交渉本部長は１７日、対米通商交渉を今後数週間で加速すると述べた。釜山港で２０２１年撮影（２０２５年 ロイター/Kim Hong-Ji/File Photo/File Photo）[ソウル １７日 ロイター] - 韓国産業通商資源省の呂翰九・通商交渉本部長は１７日、対米通商交渉を今後数週間で加速すると述べた。これに先立ち、李在明・新大統領は関税について、他国との競争力を維持することが重要だと述べた。呂氏は他の省庁関係者との会合で「世界的に激しい関税交渉が行われる中、韓国の進捗状況は、さまざまな不確実性により、他の主要国に比べて遅れている」と指摘。ただ、新政権の発足を受け、今後、重要な問題を積極的に議論し、相互にプラスになる交渉結果を実現するため、包括的なプランを準備すると述べた。呂氏は先週、通商交渉本部長に指名された。李大統領はカナダで開催中の主要７カ国（Ｇ７）首脳会議でトランプ米大統領との初の対面会談を予定していたが、トランプ氏が急きょ帰国したため、会談は中止となった。私たちの行動規範：トムソン・ロイター「信頼の原則」, opens new tab
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1 week ago | 
gurutrade.com | Jihoon Lee |Ed Davies |Shri Navaratnam
South Korea's trade minister Yeo expects trade talks to gain pace in coming weeks Minister says talks with U.S. had been sluggish amid political turmoil at home New president Lee stresses level playing field with other countries on tariff rates SEOUL, June 17 (Reuters) - South Korea will step up efforts to secure a trade deal in negotiations with the United States in the next few weeks, Seoul's top negotiator said on Tuesday, after political turmoil at home had dampened its progress in tariff...
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1 week ago | 
reuters.com | Jihoon Lee |Hyunjoo Jin
FILE PHOTO: A truck driver works in front of shipping containers stacked up at Pusan Newport Terminal in Busan, South Korea, July 1, 2021. Picture taken on July 1, 2021.
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1 week ago | 
gurutrade.com | Jihoon Lee |Muralikumar Anantharaman |Joe Bavier
SEOUL, June 17 (Reuters) - Board members of South Korea's central bank said it was necessary to continue easing monetary policy to support economic growth, but with caution over associated risks, minutes of their May 29 policy meeting showed on Tuesday.
One member "emphasised the importance of assessing the risks associated with further rate cuts and calibrating the pace accordingly," citing instability in housing prices.
