Latest Ministry of Economy and Finance News & Updates

South Korea Unveils Plan to Join MSCI Developed Market Index

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Seoul, Jan 9 (IANS) The government on Friday announced a comprehensive road map aimed at securing South Korea’s inclusion in the developed market index of global index provider Morgan Stanley Capital International (MSCI), including plans to operate the country’s foreign exchange (FX) market on a 24-hour basis.The plan represents the government’s latest effort to address the so-called “Korea discount,” under which local shares trade at valuations below their fundamentals, and to position South Ko…

Government Borrows Record Amount from Central Bank in 2025

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Seoul, Jan 7 (IANS) The government borrowed the second-largest amount of temporary funds on record from the central bank last year through its overdraft facility, data showed on Wednesday.According to the data from the Bank of Korea (BOK) submitted to Rep. Park Sung-hoon of the main opposition People Power Party, the government’s temporary borrowings from the BOK totalled 164.5 trillion won (US$113.65 billion) in 2025, including 5 trillion won drawn in December.The figure was slightly lower than…

US Department of Commerce Considers Anti-Dumping Tariffs on South Korean Chemical Materials

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Seoul, Jan 2 (IANS) The US Department of Commerce has reached a preliminary decision to impose up to 65.72 per cent anti-dumping tariffs on certain chemical materials from South Korea, Seoul’s industry ministry said on Friday.The Department announced its preliminary affirmative determination to impose anti-dumping duties between 10.94 per cent and 65.72 per cent on two Korean companies exporting monomers and oligomers to the United States, according to the Ministry of Trade, Industry and Resourc…

Finance Ministry in Seoul Unveils Tax Benefits to Boost Domestic Capital Market

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Seoul, Dec 24 (IANS) The finance ministry here on Wednesday announced a package of tax benefits aimed at revitalising the domestic capital market, including a new incentive program for retail investors who sell overseas stocks and reinvest the proceeds in domestic assets.The latest steps come as part of a series of measures by foreign exchange authorities amid continued net capital outflows by domestic investors, with the Korean won nearing its weakest level against the U.S. dollar in 16 years, …