Han Asia Times

 K orea is trying its best to contain the novel coronavirus (officially declared as COVID-19 by the WHO).   In the opening remarks of the 7 th Cabinet Meeting, President Moon Jae-in highlighted   the importance of preemptive and extraordinary measures for both public safety and people’s livelihoods. In the meeting it has been shared that Korean people have the power to revive this medical emergency because Korea has world-class quarantine and medical systems. If Korean people will follow personal hygiene guidelines , believe in the Government’s rejoinders, continue normal economic activities in daily lives, economy can be rapidly recovered, the president added in the meeting.     On the economic front, interruption to South Korean manufactures were initially considered as temporary but delay in production has affected seriously due to the increased numbers of virus suspected and confirmed cases in South Korea. Delay in production have raised concerns...

K orean government is set to run a financial data exchange platform this year in march. In order to accelerate the financial industry’s digital transformation, the financial services commission(FSC) of Korea will set up a financial security institute that will provide innovation data exchange solutions while ensuring the security and safety of data transactions. Data convergence management, evaluation of pseudonymised information , safety and security in data exchange will be major goals of this   specialized agency. Financial industry is one of the sectors where the use of big data is most active because of the high linkages to other sectors and accuracy of data. Last year in June, the FSC announced its plan to establish financial big data infrastructure to facilitate the use of big data in the financial sector.                                            [Image ...

S outh Korea’s real estate market continue expectant. According to a recent summary report named Real Estate Market Outlook 2020:Korea published by the CBRE, a leading US-based commercial real estate service provider,   public investment in the real estate market is poised to grow despite the record low interest rates and global economic instability.    The report further discerns that because the ministry of land, infrastructure and Transport anticipates an increment in the public investments from 3.7% in 2019 to 10% in 2021.  It is noteworthy that the Domestic real estate investment trusts (REITs) are looking for an initial public offering (IPO) in the Korea’s stock market and drawing attention of in the market.   In the later half of 2019, Lotte REIT and NongHyup REIT had decided to go public and following their footsteps, IGIS which is Korea;s largest real estate related assets operator is also planning to list its REIT fund this year. ...