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South Korea is readying plans for a support package for chip investments and research worth more than 10 trillion won ($7.30 billion), the finance minister said on Sunday, after setting its sights on winning a "war" in the semiconductor industry.
SEOUL -- Top Japanese and South Korean finance officials agreed Tuesday to cooperate on improving the effectiveness of sanctions against Russia and North Korea, as well as on tackling illicit funding for weapons development.
SEOUL (Reuters) -- South Korea announced on Thursday a 26 trillion won ($19 billion) support package for the country's vital semiconductor industry, the country's presidential office said.
WASHINGTON -- Top finance officials from the U.S., Japan and South Korea expressed shared concerns over the recent weakness in the yen and the won at their first trilateral meeting Wednesday, vowing to maintain close communication over volatility in the currency market.
The Bank of Korea will intervene to control currency volatility if needed, the central bank's chief told CNBC, describing the recent market fluctuations as a little "excessive."
SEOUL (Reuters) -- South Korea and Japan expressed serious concerns about the recent depreciation of their currencies and stood ready to take action against excessive exchange-rate volatility, South Korea's Finance Ministry said in a statement released on Wednesday.