S. Korea issues US$1 bln FX stabilization bonds

The finance ministry said Thursday that it sold US$1 billion worth of foreign exchange stabilization fund bonds.

The single-tranche bond with a maturity of five years was sold at an interest rate of 4.5 percent, which marked the first sale of U.S. do…

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Finance minister calls for inheritance tax reform

Finance Minister Choi Sang-mok said Thursday that reforming inheritance tax should be a priority and details of a potential revision would be available next month.

Choi made the remarks during a forum with newspapers and broadcast editors in Seoul in…

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