The financial regulator said Wednesday it has approved the establishment of a new nonprofit organization that will help protect virtual assets of consumers at cryptocurrency exchanges going out of business.
The organization, tentatively named
Cho Jun-hyuk, a former lawmaker of the predecessor of the ruling People Power Party, was chosen Wednesday as the conservative bloc’s single candidate for the Oct. 16 by-election for Seoul’s education chief.
The conservative
The number of South Koreans who moved to different residences in the country last month fell to the lowest level in nearly 50 years, data showed Wednesday.
Around 511,000 people changed residences in August,
The Organization for Economic Cooperation and Development (OECD) slashed the growth outlook for the South Korean economy to 2.5 percent this year, Seoul’s finance ministry said Wednesday.
The latest figure marked a 0.1 percentage
The government will publish detailed guidelines on stock short selling this week to help prevent people unintentionally engaging in illegal trading, the financial regulator said Wednesday.
The guidelines will be made public Thursday, while