Search results for Ministry of Economy and Finance
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.
Industry
Power grid delays put Yongin semiconductor cluster investment at risk
The Yongin semiconductor cluster can supply only about 1.9 gigawatts of power on its own, far short of the 15 to 16 gigawatts needed for full operation, a report by the National Assembly Research Service showed. Korea Electric Power is 추진ing a 37.0 billion won, 1,153-km transmission project but its planned completion by 2036 is uncertain. Rising AI data centre demand is adding pressure, increasing concerns over investment execution and power stability.
-
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
-
People & Appointments
Park In-gyu chairs 14th national strategic technology committee meeting
-
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
-
Finance
FSS avoids public institution designation again, review set for next year
-
Finance
Bank of Korea, finance ministry name six banks as 2026 FX leading banks
-
Finance
National Growth Fund to offer up to 40 percent income deduction; RIA cherrypicking curbs detailed
-
Finance
Koo Yoon-cheol says exchange rate diverges from fundamentals, volatility still high
-
Finance
Hana Bank selected as custodian for Finance Ministry pension fund investment pool