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In the Republic of Korea, financial firms need to enhance the convenience of mobile services and ensure universal accessibility.
In the highly competitive Korean market, policy makers need to adjust performance indicators and incentives to encourage banks to increase technology financing.
Regulations need to be aligned to improve the efficiency of environment, social, governance investments.
More attention needs to be given to borrowers' wider financial condition to ensure customized loan management.
Reforming the calculation of lending rates could improve delinquent loan collection.
Update curricula to offer more green-focused programs, leverage R&D on new technologies, and commercialize green-tech start-ups.
Policies should promote the growth and sustainability of social enterprises without making them dependent on state support.
Regulators should focus on ensuring full corporate disclosure and transparency to protect stakeholders.
Setting the criteria for classifying environmentally sound investments can help the Republic of Korea transition to a carbon-neutral economy.
Policy makers must improve labor market conditions and reduce employment uncertainties as part of their economic stimulus plans.