Improving Transparency in Advertising Deposit-Type Products: Displaying Base and Maximum Interest Rates

Financial Authorities Introduce New Guidelines for Advertising Deposit Products In a bid to improve transparency and protect consumers, financial authorities have announced new guidelines for advertising interest rates on deposit-type products. Displaying Maximum and Base Interest Rates Under the new guidelines, financial institutions will be required to prominently display both the maximum and base interest […]

The Journey of Korea: From Independence to Freedom, Peace, and Prosperity

Independence Movement: A National Founding Movement In our quest for freedom, we embarked on a remarkable journey – an independence movement that aimed to create a free democratic nation, one that values freedom, human rights, and the rule of law. This movement not only resulted in the preservation of a free Republic of Korea but […]

Financial Authorities Step in to Provide Relief for Flood-Impacted Households and Businesses

Financial Authorities Provide Assistance to Flood-Impacted Households and Businesses In the wake of torrential rainfall wreaking havoc nationwide, financial authorities have stepped forward to offer aid to households and small to medium-sized businesses that have suffered damage. Support Plan The Financial Services Commission (FSC) announced on the 17th that it has devised a comprehensive assistance […]

President Yoon Seok-yeol Expands Korea-NATO Cooperation and Strengthens International Security Unity

President Yoon Seok-yeol Enhances International Security Cooperation at AP4 Summit and NATO Summit President Yoon Seok-yeol, on July 12, emphasized the importance of international security cooperation at the AP4 Summit and proposed expanding Korea-NATO cooperation during his speech at the NATO Summit. Following these events, bilateral discussions were held with leaders from five countries to […]

Government Announces Record Trade Finance Measures and Industry Support to Boost Exports

Government Implements Measures to Boost Exports and Encourage High-Tech Investments Trade Finance and Mergers and Acquisitions Support The government is taking significant steps to revive exports by offering trade finance of 184 trillion won, the largest ever provided, to export companies. Additionally, it is extending support for mergers and acquisitions within the high-tech sector. Removing […]

Government Review Confirms Japan’s Treatment Plan for Contaminated Water from Fukushima Meets Standards

Japan’s Plan to Treat Contaminated Water from Fukushima Nuclear Power Plant Confirmed to Meet International Standards Government Assures Compliance with Marine Emission and Tritium Standards The Japanese government has announced that its plan to treat contaminated water from the Fukushima nuclear power plant has been reviewed and confirmed to meet international standards. The total concentration […]

Confirmation that No Excessive Nuclides Detected in Water Treatment at Fukushima Nuclear Power Station, Says South Korean Official

Government Official Confirms No Exceedance of Emission Standard in Fukushima Water Treatment Improvements in ALPS Promote Compliance with Standards Park Gu-yeon, the first deputy head of the Government Policy Coordination Office, stated on the 28th that after implementing improvements in the Advanced Liquid Processing System (ALPS), no excessive levels of radioactive nuclides have been detected […]

Japan Adds Korea Back to the White List, Resolving Export Restrictions

Japan Adds Korea Back to White List Japan has passed an amendment to include Korea back in its white list during a recent cabinet meeting. The issue of export restrictions that has been ongoing between the two countries since July 2019 has finally come to a resolution after four long years. According to the Ministry […]