South Korea to spur foreign inflows, consumer demand amid political crisis

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The story "South Korea to spur foreign inflows, consumer demand amid political crisis" was covered 4 days ago by Channel News Asia, a news publisher based in Singapore.

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South Korea to spur foreign inflows, consumer demand amid political crisis - Channel News Asia

Quick Summary:

SEOUL :South Korea released policy plans on Thursday to spur foreign inflows for stability in financial markets and boost domestic demand amid weakening consumer confidence, as the economy faces heightened uncertainty from an unprecedented political crisis.

"In 2025, there is a possibility that economic growth, financial markets and people's livelihoods will be significantly affected by external and internal uncertainty that is higher than ever before," the ministry said.

Allowing Registered Financial Institutions, or RFI, to facilitate foreign exchange deals for trade settlement purposes would be expanding their business scope as they can currently trade the won only for securities trading such as stocks and bonds.