Yonhap Infomax NewsSouth Korea’s Ministry of Economy and Finance faces an identity crisis after the government scrapped plans to absorb financial policy functions, leaving the ministry with only tax policy as its main tool following the separation of its budget authority.
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https://en.infomaxai.com/news/articleView.html?idxno=83457
#YonhapInfomax
#MinistryOfEconomyAndFinance #FinancialRegulator #BudgetSeparation #TaxPolicy #GovernmentReorganization
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=83457
'‘Tax Agency’ Joke Becomes Reality—Finance Ministry in Turmoil as Financial Regulator Overhaul Scrapped'
South Korea’s Ministry of Economy and Finance faces an identity crisis after losing its budget authority and failing to absorb financial policy functions, raising concerns it will be reduced to a “tax agency” with diminished influence over economic policy.