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Reporter : Kim Jae-kyoung
Sun, December 3, 2023 | 06:17
Bitcoin could pose threats to financial stability
Digital currencies such as Bitcoin could pose serious threats to financial stability if not properly regulated, Katrina Ell, economist at Moody's Analytics, warned, Wednesday.She suggested that Korea's financial authorities should come up with necessary measures to limit Korean investors' exposure to this speculative asset.“Korea has become a more popular market since local a...
Economy | 2017-12-06 18:26
Bitcoin won't be legitimate currency
Digital currencies such as Bitcoin should not become legitimate currencies due to a lack of features that money must have, said Sohn Sung-won, a former White House economic adviser, Sunday.He said the unusual craze for digital coins is driven by the irrational beliefs of market players that the decentralized virtual currencies will continue on an upward spiral.“It is a greate...
Economy | 2017-12-05 18:11
Bitcoin is fraudulent investment scheme
People should rethink their investment in Bitcoin as it is a new form of a fraudulent investing scam, Andy Xie, a noted global economist and financial market expert, said Friday.He said the digital currency market is in a bubble and the bubble could pop in the coming years once the U.S. Federal Reserve fully normalizes its monetary policy.The warning came as Bitcoin has surge...
Economy | 2017-12-01 17:24
'North Korea wants a peace'
SINGAPORE -- North Korea's latest test of an intercontinental ballistic missile (ICBM) aims to get an edge over the U.S. and its rivals in a negotiation, S&P Global Ratings said, Wednesday.In its analysis report on North Korean provocations, the global ratings agency said that North Korea “wants a peace” and seeks to “avoid a military conflict with the U.S.,” wary that it could lead to regime change.The report came right after Pyongyang fired an apparent ICBM from an area north of Pyongyang early Wednesday, resuming its provocations after a 75-day lull. The missile flew some 960 kilometers a...
North Korea | 2017-11-29 20:16
Korea urged to tap ASEAN fintech boom
SINGAPORE -- South Korean fintech startups should speed up their entry into the ASEAN market as the region is emerging as one of the most promising places for online and mobile payment services, experts said, Monday.President Moon Jae-in, on his trip to Southeast Asia early this month, vowed to strengthen economic ties with the 10-member economic bloc in Southeast Asia to diversify his country's diplomatic horizons.Among many areas for cooperation, financial technology (fintech) is one of the future-oriented industries that should be developed as a growth engine for Korea, they said.
Economy | 2017-11-27 17:36
More countries pressed to expel North Korean diplomats
More nations should expel North Korean diplomats to crack down on their illegal activities overseas and completely cut off the regime's economic lifeline, experts said Friday.“North Korean embassies are self-financed operations. In addition, they are expected to pay revolutionary tax to the Kim Jong-un regime,” said Tara O, an adjunct fellow at the Pacific Forum CSIS.“So they...
North Korea | 2017-11-26 17:15
Why China can't push North Korea harder
SINGAPORE -- China is unlikely to impose harsher measures on North Korea to corner the reclusive country, according to Joseph Liow, a Singapore-based expert on international politics of the Asia-Pacific region.He believes from Beijing's perspective, pressuring North Korean leader Kim Jong-un won't serve China's interest.“While China has leverage, they would have to take a ver...
North Korea | 2017-11-23 17:51
Guidelines for cryptocurrency trading needed
SINGAPORE _ Korea’s financial regulators face growing calls for more effective measures to regulate illegal activities surrounding virtual currencies such as Bitcoin, after many investors suffered massive losses in the wake of a server shutdown of Bithumb, Korea’s largest cryptocurrency exchange.
Finance | 2017-11-19 15:32
Military option should not be off the table
The United States and South Korea should not take a military option off the table because doing so will weaken diplomatic options, according to Tara O, an adjunct fellow at the Pacific Forum CSIS (Center for Strategic and International Studies).She believes that a peaceful resolution is important to resolve the North Korean nuclear crisis but it is not the time to declare dia...
North Korea | 2017-11-17 22:53
Tailored approach needed for ASEAN
SINGAPORE - President Moon Jae-in ended his first eight-day trip to Southeast Asia last week. Overall, it was fruitful in that the tour has laid the foundation for South Korea to diversify its diplomatic horizon beyond the four great powers - the United States, Japan, China and Russia - but it also suggests that the country still has a long way to go. It is important to note ...
Foreign Affairs | 2017-11-17 18:38
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