Search results for Ministry of Economy and Finance
Crypto
KB Kookmin Bank joins deposit token-based payment infrastructure expansion project
KB Kookmin Bank will build deposit token payment infrastructure using existing payment networks after being selected for a blockchain innovation project run by the Ministry of Science and ICT and KISA. The project, led by the Korea Financial Telecommunications and Clearings Institute with support from the Ministry of Economy and Finance and the Bank of Korea, aims to create private-sector infrastructure based on a CBDC deposit-token test. The bank plans cooperation with PG and VAN firms and related tech development.
Industry
Moving fabs alone may not make South Korea\'s semiconductor relocation work, MPE ecosystem key
South Korea is pushing to disperse its semiconductor production base beyond the capital area, but simply moving fabs may deliver limited results, industry voices say. The government plans to allocate over 40 percent of its National Growth Fund to non-capital regions and offer special subsidies to relocating materials, parts and equipment firms. Officials also aim to build regional specialisation, but supply-chain depth, engineers’ response times, power costs and local settlement conditions are seen as decisive.
Crypto
Government steps up blockchain-based deposit token payment infrastructure rollout
The Korea Internet & Security Agency and the Ministry of Science and ICT said they have launched a 2026 blockchain project to expand payment infrastructure based on deposit tokens. The project will be led by the Korea Financial Telecommunications and Clearings Institute, with a consortium including 9 commercial banks, 8 payment service providers and 2 large demand-side firms. The 9.6 billion won project will link existing payment infrastructure with the Bank of Korea’s Project Hangang system.
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Finance
Financial regulators weigh single-stock leverage ETFs ahead of presidential briefing
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AI & Enterprise
South Korea to brief Seoul-based diplomatic corps on global AI hub plan
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Finance
South Korea financial regulators signal overhaul of leveraged single-stock ETFs
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Telecommunications & Media
Broadcast Media and Telecommunications Commission follows up on transfer of paid TV fund levy tasks
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Games & Commerce
Rep. Cho Seung-rae proposes tax credit bill for game and music production costs
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Telecommunications & Media
Kim Jong-cheol says media development committee push a key task
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Finance
Won-dollar rate surges to 1,560, raising market jitters
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Finance
South Korean authorities issue verbal warning after won-dollar rate breaks 1,550
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Industry
Power grid delays put Yongin semiconductor cluster investment at risk
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Games & Commerce
Zero tax support for production costs; K-games face neglect despite 60 percent of content exports
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Games & Commerce
Nexon holding company NXC buys back 1 trillion won of shares paid in kind to government, to cancel them next month
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People & Appointments
Park In-gyu chairs 14th national strategic technology committee meeting
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AI & Enterprise
MOTIE says M.AX Alliance expands to 1,300 participants; humanoid pilots to rise to 30 sites
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AI & Enterprise
SECON 2026 world security expo held at KINTEX in Ilsan
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Industry
Democratic Party, government to submit \'Middle East shock\' supplementary budget by end-March; to release strategic oil stocks