January 14, 2024

2 banks to face fines for illegal short stock selling: FSS

SEOUL, South Korea’s financial regulator said Sunday it has found out that two global investment banks engaged in illegal stock short selling worth over a combined 50 billion won (US$38 million).

According to the Financial Supervisory Service (FSS),…

Electricity rate freeze for 3.65 mln households to be extended

SEOUL, The government and the ruling party agreed Sunday to extend an electricity rate freeze for 3.65 million households in vulnerable groups, a party spokesperson said.

The decision was reached during a meeting of senior officials of the governmen…