Search results for Ministry of Economy
Finance
Won-dollar rate surges to 1,560, raising market jitters
South Korea\'s won-dollar exchange rate jumped to the 1,560 level, its highest since the financial crisis, stoking anxiety in currency markets. A surge cooled after authorities’ verbal intervention and the National Pension Service resumed currency hedging, but caution over U.S. monetary policy, Middle East uncertainty, foreign selling of local stocks and offshore NDF trading continue to weigh on the won. Analysts said the near-term ceiling may be limited, though volatility could persist.
Finance
South Korean authorities issue verbal warning after won-dollar rate breaks 1,550
South Korea\'s foreign exchange authorities issued a verbal intervention after the won-dollar exchange rate surged past 1,550 in onshore trading for the first time since the financial crisis. The Bank of Korea and the Ministry of Economy and Finance said they would not tolerate excessive volatility and one-way market moves relative to fundamentals and would respond strongly. They also said speculative trading such as offshore NDFs had increased volatility.
AI & Enterprise
Japan digital minister warns of \'AI colony\' as government considers using sensitive data without consent
Japan is pushing a legal revision that would allow sensitive personal data such as medical records and criminal histories to be used for artificial intelligence development without the individual’s consent. Digital Minister Hisashi Matsumoto said Japan could become an “AI colony” if it fails to narrow the gap with global rivals. The bill has passed the lower house and awaits review in the upper house, with opposition parties warning it could weaken safeguards and raise data-leak risks.
-
AI & Enterprise
Japan joins U.S. AI project Genesis Mission to co-invest $1 billion over five years
-
Industry
Power grid delays put Yongin semiconductor cluster investment at risk
-
Games & Commerce
Zero tax support for production costs; K-games face neglect despite 60 percent of content exports
-
Games & Commerce
Nexon holding company NXC buys back 1 trillion won of shares paid in kind to government, to cancel them next month
-
AI & Enterprise
Japan AI latecomer starts counterattack with Nvidia, SoftBank, Microsoft big tech alliance
-
People & Appointments
Park In-gyu chairs 14th national strategic technology committee meeting
-
Industry
Japan to inject about 6 trillion won into Rapidus in bid to revive chip industry
-
AI & Enterprise
Japan speeds up \'physical AI\' push amid severe labour shortages
-
AI & Enterprise
MOTIE says M.AX Alliance expands to 1,300 participants; humanoid pilots to rise to 30 sites
-
AI & Enterprise
SECON 2026 world security expo held at KINTEX in Ilsan
-
Industry
Democratic Party, government to submit \'Middle East shock\' supplementary budget by end-March; to release strategic oil stocks
-
AI & Enterprise
South Korea pushes N2SF incentives to encourage public sector adoption
-
Games & Commerce
Game industry calls for tax credit on development costs
-
Industry
MOTIE holds emergency meeting on U.S. tariff ruling, seeks close talks to keep friendly consultations
-
AI & Enterprise
ADB officials tour South Korea\'s digital and AI innovation sites