Amcham, Finance Ministry explore policies to elevate Korea as financial hub

James Kim, chairman of the American Chamber of Commerce in Korea, met with Finance Minister Koo Yun-cheol to explore strategic policy directions to elevate Korea’s standing as a global financial hub and a premier regional headquarters destination.

2026-04-28

Korea, U.S. agree to continue consultations on forex developments

Finance Minister Koo Yun-cheol and U.S. Treasury Secretary Scott Bessent agreed to continue consultations on foreign exchange market developments as the won remains persistently weak against the dollar.

2026-04-19

Finance minister orders vigilance against uncertainty with Iran war cease-fire

Finance Minister Koo Yun-cheol has instructed officials to remain vigilant against economic uncertainty despite a two-week cease-fire agreement between the United States and Iran.

2026-04-10

Finance minister states that market volatility has 'somewhat eased' following cease-fire

Finance Minister Koo Yun-cheol said on Thursday that volatility in the financial and foreign exchange markets has “somewhat eased” following a two-week cease-fire between the United States and Iran.

2026-04-09

Finance chief says incentives for reshoring stock investments will improve foreign exchange rate

Finance Minister Koo Yun-cheol said Friday offering tax incentives to encourage offshore-bound investments to return to the domestic stock market will help improve foreign exchange supply and demand.

2026-04-03

Seoul launches new consultation body of top finance officials for macroeconomic response

A new policy consultation council of the country's top finance officials kicked off Wednesday in a bid to bolster cooperation among economy-related authorities in devising macroeconomic policies amid heightening global uncertainties.

2026-04-01

Finance minister calls for proactive policy measures to prepare for prolonged Middle East crisis

Finance Minister Koo Yun-cheol on Sunday called for proactive policy measures to prepare for a prolonged Middle East crisis, as the conflict surrounding Iran has pushed up global oil prices and heightened economic uncertainties.

2026-03-22

Gov't verbally intervenes to stabilize markets amid Iran war tensions, U.S. rate freeze

The government verbally intervened to stabilize Korea's financial markets on Thursday amid escalating tensions in the Middle East and a rate freeze by the U.S. Federal Reserve in Washington on Wednesday.

2026-03-19

Gov't to invest 750 billion won in next 2 years to commercialize AI-enabled products

The government plans to inject a combined 750 billion won ($502.8 million) over the next two years to commercialize AI-enabled products, the Ministry of Economy and Finance said Wednesday.

2026-03-18

Gov't to temporarily designate naphtha as economic security item amid supply woes

The government will temporarily designate naphtha as an economic security item following supply shortages due to the ongoing crisis in the Middle East, Finance Minister Koo Yun-cheol said Wednesday.