Korea Finance

Food and non-alcoholic drink prices are out of control

Vegetables are on sale Sunday at a traditional market in central Seoul. According to data provided by the Organization for Economic Co-operation and Development (OECD) on Saturday, the price of food and non-alcoholic beverages rose 5% year-on-year in the third quarter in Korea, placing the country fifth out of 38 …

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South Korea defers crypto tax, looking for votes? – Bitcoinist.com

The Strategy and Finance Committee of the South Korean National Assembly has approved an amendment to defer to 2023 the imposition that imposes a 20% annual capital gains tax for crypto trading with more than 2 .5 million won (US $ 2,125) in revenue, just after the same tax was …

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Latest updates: German Scholz favors compulsory vaccines amid increasing Covid cases

Olaf Scholz, the Chancellor-designate of Germany, said he was in favor of compulsory vaccination for all, increasing the likelihood that the country will follow Austria in creating a legal obligation for all of its population to obtain the vaccine . The decision to go ahead with the mandate could come …

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South Korea to watch financial markets closely amid concerns over volatility caused by omicron

This photo, taken on Sunday, shows an arrival hall at Incheon International Airport, west of Seoul. Health officials began barring the entry of foreigners from eight African countries, including South Africa, on the same day to block the influx of the new variant of COVID-19 omicron. (Yonhap) South Korea will …

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Germany’s new government cites crypto in coalition deal By Cointelegraph

Germany’s new government cited crypto in its coalition agreement, arguing for a level playing field between traditional finance and “innovative business models.” Three German political parties agreed this week to a coalition deal that will see left-wing Social Democrats (SDP), Green Party and right-wing Free Democrats take the reins from …

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Vietnam has produced a new class of billionaire entrepreneurs

TIT ECONOMICAL Vietnam’s development now has a permanent monument in one of the world’s most prestigious learning locations. After a $ 207 million investment announced earlier this month by Sovico, a Vietnamese holding company, Oxford University’s Linacre College (for graduate students) is set to be renamed in honor of Nguyen …

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Asian FX resists strong dollar, stocks are nervous

Thai stocks hit a high for more than 2 months Singapore posts better than expected third quarter GDP Bank of Korea rate decision expected on Thursday Nov. 24 (Reuters) – Emerging market currencies in Asia were broadly subdued on Wednesday as regional assets remained resilient, even as bets on the …

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StanChart Deploys Preshipment Loans for Bangladesh Garment Manufacturers

Standard Chartered has partnered with leading global apparel buyers and suppliers and disbursed US dollar denominated preshipment loans under a new financing program, which aims to support more than 20,000 apparel workers in Bangladesh. The unique Covid-19 response funding program was designed in consultation with renowned buyers, enabling better liquidity …

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Second winter of woe threatens the global economy: a green week ahead

(Bloomberg) – The global economy is approaching northern hemisphere winter in disarray, unable to shake off the coronavirus crisis amid persistent supply disruptions, soaring prices and resurgence epidemics. Bloomberg’s Most Read The global surveys conducted this week among purchasing managers probably point in this direction. Among the results expected by …

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Latest updates: Ryanair to drop London list citing costs after Brexit

Hong Kong’s shares in Alibaba fell 10% on Friday, a day after the Chinese e-commerce giant forecast annual revenue to grow at its slowest pace since its stock market debut in 2014. The group’s shares listed in New York fell more than 11% on Thursday. Alibaba’s second quarter results fell …

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