Tag: Treasury

Treasury

Latest News

A screen in Hana Bank's trading room in central Seoul shows the dollar-won exchange rate at 1,500 on May 18. [YONHAP]

Inflation concerns rise as won weakens to 1,500 to the dollar

The won weakened as the exchange rate with the dollar climbed past the 1,500s level and yields on 10-year Treasury bonds rose above 4 percent as the prolonged Iran War renewed concerns over persistent inflation.

2026.5.18

U.S. Treasury Secretary Scott Bessent attends the 56th annual World Economic Forum meeting in Davos, Switzerland, on Jan. 20. [REUTERS/YONHAP]

U.S. Treasury to meet with insurance regulators to discuss private credit markets

The U.S. Treasury Department said on Wednesday that it will convene meetings starting in April with domestic and international insurance regulators focused on recent developments in private credit markets.

2026.4.2

Most popular

An employee at Hana Bank's counterfeit response center in central Seoul examines dollars bills on March 5. [YONHAP]

WGBI inclusion offers little relief for weak won as return to pre-war conditions remains elusive

Korea's inclusion in the FTSE World Government Bond Index, a long-sought goal, but the expected capital inflow boom has taken a hit as markets remain volatile on the back of the Iran war, and are projected to remain so for some time.

2026.4.1

Samsung Electronics to offer treasury shares worth 175.2 billion won as bonuses

Samsung Electronics said Monday it plans to provide treasury shares worth 175.2 billion won ($120 million) to its executives under its excess profit incentive (OPI) system.

2026.1.26

Binary code is seen on a screen against a North Korean flag in this illustration on Nov. 1, 2017. [REUTERS/YONHAP]

U.S. sanctions 8 North Korean nationals, 2 entities for money laundering

The U.S. Treasury Department on Tuesday sanctioned eight North Korean nationals and two North Korea-based entities for laundering illicit funds from cybercrime, including cryptocurrency theft, as Washington ramps up pressure on Pyongyang.

2025.11.5

U.S. Treasury Secretary Scott Bessent attends a meeting between U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky at the Oval Office of the White House, amid negotiations to end the Russian war in Ukraine, in Washington on Aug. 18. [REUTERS/YONHAP]

Bessent's remark on stakes in shipbuilders rattles 'MASGA' firms

A recent remark by U.S. Treasury Secretary Scott Bessent indicating that the government may seek equity stakes in shipbuilders has rattled Korean firms at the heart of Seoul's "Make American Shipbuilding Great Again" project.

2025.8.28

Digital won on the horizon as Korea joins global stablecoin race

Korea is advancing local currency-pegged stablecoins for financial sovereignty amid global regulatory shifts, despite concerns over monetary policy impacts.

2025.6.23

U.S. Treasury Secretary Scott Bessent talks to reporters outside the White House in Washington, United States, on March 13. EPA/POOL/YONHAP]

Some U.S. tariffs may be avoided on April 2 under pre-negotiated deal: Bessent

U.S. Treasury Secretary Scott Bessent said Tuesday that some new U.S. tariffs may not have to be imposed on April 2 under a pre-negotiated deal or negotiation after that date.

2025.3.19

Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian Nelson with U.S. Attorney Matthew Graves for the District of Columbia, speaks during a news conference on April 25 at the Department of Justice in Washington. [AP/YONHAP]

U.S. sanctions entities for Russia-North Korea arms deals

Washington sanctioned three entities on Wednesday for alleged involvement in arms deals between North Korea and Russia. “As Russia has continued to expend munitions and lose heavy equipment on the battlefield, it has…

2023.8.17

Korea to sell over $10 billion in government bonds this month

Korea plans to sell 13 trillion won ($10.6 billion) in government bonds this month, the Finance Ministry said Thursday.

2023.2.2