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The Yoon Suk Yeol administration, which marked its first year in office on Wednesday, is still leaving much to be desired regarding its lack of policy consistency on the controversial resumption of short selling.
Fears of a widening interest rate gap between the Bank of Korea (BOK) and the U.S. Federal Reserve are rattling financial markets here after what appears to be a “prematurely dovish” decision by the BOK. The Korean central bank froze its key rate at 3.5 percent on Feb. 23 amid escalating recession fears and a real estate meltdown.
Lawmakers are moving to bring charges against Korean crypto magnates for not appearing after being summoned as witnesses to the National Assembly's annual audit regarding the recent Luna debacle.