Based on the search results, here’s a summary of recent South Korean finance news, with a focus on key trends:
Key Trends:
S
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Cryptocurrency Regulation:
South Korea is significantly tightening its regulations on cryptocurrency exchanges, particularly those operating without proper registration.
The Financial Intelligence Unit (FIU) has blocked access to numerous overseas crypto exchange applications, citing concerns about money laundering and investor protection.
There is a notable increase of older generations investing in crypto currency within South Korea.
South Korea is also working on CBDC (Central Bank Digital Currency) pilot programs.
Stock Market Developments:
South Korea is set to resume short selling, with new regulations in place to prevent “naked short selling” and enhance market fairness.
The Financial Services Commission (FSC) is implementing a computerized short selling system to improve market efficiency and credibility.
General Economic Indicators:
Information regarding the value of the Korean Won versus other currencies, and the KOSPI and KOSDAQ indexes are readily available from sources such as the Ministry of Economy and Finance.
The Bank of Korea base rate is also available.
Key Takeaways:
South Korea: Finance minister silent on martial law probe amid
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South Korea’s financial authorities are actively working to regulate emerging markets like cryptocurrency, while also refining traditional market practices.
The emphasis is on increasing market transparency, reducing risks, and protecting investors.
To stay updated on South Korean finance news, I recommend following these sources:
South Korea President Yoon impeached, finance ministry calls
Image Source: mktw.net
Ministry of Economy and Finance (moef.go.kr): Provides official economic and financial data.
CryptoSlate: Provides up to date Crypto currency news.
The Korea Herald: Provides a wide range of Korean business and economic news.
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