Central bank
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Central bank
BOK likely to keep base rate unchanged until June: chief
South Korea’s central bank held its policy rate flat at 3.5% for a ninth straight session on Thursday as it was deemed too early for a rate cut...
Feb 22, 2024 (Gmt+09:00)
2 Min read -
IPOs
S.Korean companies line up for IPOs as market recovers
South Korean companies are gearing up for listings targeting billions of dollars in market capitalization as the local initial public offering (IPO) ...
Feb 08, 2024 (Gmt+09:00)
2 Min read -
Central bank
South Korean central bank not to increase gold reserves
South Korea’s central bank does not plan to buy more gold for its foreign exchange reserves, although the monetary authority has not purchased ...
Jan 19, 2024 (Gmt+09:00)
1 Min read -
Central bank
BOK hints at policy rate peak but in no hurry to cut rates
South Korea’s central bank on Thursday hinted its policy rate may have peaked after leaving the rate unchanged for the eighth straight meeting ...
Jan 11, 2024 (Gmt+09:00)
4 Min read -
Central bank
South Koreans expect inflation to slow, relief to BOK’s hawkish stance
South Koreans expect inflation to slow over the next 12 months, providing relief to the central bank’s hawkish stance that policy rates should ...
Dec 27, 2023 (Gmt+09:00)
3 Min read -
Central bank
Gov Rhee Chang-yong turning BOK into dynamic central bank
Bank of Korea (BOK) Governor Rhee Chang-yong has transformed the central bank into a dynamic monetary authority by cooperating with not only overseas...
Dec 24, 2023 (Gmt+09:00)
3 Min read -
Central bank
BOK chief says rates need to stay high for over 6 months
South Korea’s central bank chief on Thursday said interest rates will have to stay high for more than six months, leaving the door open for ano...
Nov 30, 2023 (Gmt+09:00)
3 Min read -
Central bank
BOK governor named chair of BIS financial system committee
Bank of Korea Governor Rhee Chang-yong has been appointed as the chairman of the Committee on the Global Financial System (CGFS) at the Bank for Inte...
Nov 15, 2023 (Gmt+09:00)
2 Min read -
Central bank
BOK chief says inflation may ease more slowly than expected
South Korea’s central bank chief on Thursday said inflationary pressure in Asia’s fourth-largest economy may ease more slowly than earlie...
Oct 19, 2023 (Gmt+09:00)
2 Min read -
Central bank
Korean financial markets tumble as Fed signals higher rates
South Korean stocks, bonds and its currency tumbled on Thursday as the US Federal Reserve gave indications of another interest rate hike this year an...
Sep 21, 2023 (Gmt+09:00)
5 Min read -
Central bank
BOK chief’s top mission: Soft landing for household debt
South Korea’s central bank chief on Thursday vowed to reduce household debt without causing a severe economic downturn as the Bank of Korea hel...
Aug 24, 2023 (Gmt+09:00)
2 Min read -
Central bank
BOK head says Korea inflation to dip below mid-2% in H2 2024
South Korea’s central bank chief expected consumer inflation to fall below the mid-2% level in the second half of 2024, adding to predictions o...
Aug 22, 2023 (Gmt+09:00)
1 Min read -
Central bank
BOK warns of household lending risk on growth, inequality
South Korea’s central bank warned that household lending in the country has leaped to the world’s third highest and could hurt long-term ...
Jul 17, 2023 (Gmt+09:00)
3 Min read -
Central bank
BOK keeps door open for another rate hike on Fed, debts
South Korea’s central bank on Thursday kept the door open for another interest rate hike after leaving the policy borrowing cost unchanged for ...
Jul 13, 2023 (Gmt+09:00)
3 Min read -
Central bank
BOK leaves door open for another quarter-point rate rise
The Bank of Korea’s (BOK) decision on Thursday to keep its base rate steady at 3.50% does not signal the end of its one-and-a-half-year tighten...
May 25, 2023 (Gmt+09:00)
2 Min read -
Central bank
BOK chief says rate cut premature despite slower growth
South Korea’s central bank chief on Wednesday said it is too early to suggest starting to cut interest rates as inflation remains above its tar...
May 03, 2023 (Gmt+09:00)
2 Min read -
Central bank
BOK chief says tightening not over after rate freeze
South Korea’s central bank chief on Tuesday defied market views that the monetary authority may have ended its tightening campaign, citing grow...
Apr 11, 2023 (Gmt+09:00)
3 Min read -
Central bank
BOK to hold rate on Tuesday as inflation, growth ease
South Korea’s central bank was widely expected to leave its policy interest rate unchanged this week as inflation slows amid fears of a recessi...
Apr 10, 2023 (Gmt+09:00)
1 Min read -
Central bank
BOK chief defies rate cut calls amid sustained inflation
South Korean central bank chief on Tuesday defied calls for an interest rate cut this year despite growing risks of a recession in Asia’s fourt...
Mar 08, 2023 (Gmt+09:00)
2 Min read -
Central bank
BOK holds rates as it lowers growth, inflation forecasts
South Korea’s central bank held its policy interest rate unchanged on Thursday as it slashed forecasts for economic growth and inflation althou...
Feb 23, 2023 (Gmt+09:00)
2 Min read -
Central bank
BOK sees interest rate as tight amid continued drop in exports
South Korea’s central bank said on Tuesday it regards the current interest rate as tight, suggesting the monetary authority may hold the policy...
Feb 21, 2023 (Gmt+09:00)
3 Min read -
Central bank
BOK mulls business, financial stability this year while focusing on inflation
The Bank of Korea Governor Rhee Chang-yong on Wednesday said, "We will focus on inflation this year but also closely consider tradeoffs to preserve b...
Jan 19, 2023 (Gmt+09:00)
1 Min read -
Banking & Finance
85% of S.Korea's Gen MZ have contactless savings accounts
A study finds 90% of South Korea's Generation MZ, a demographic comprising millennials and Generation Z members born between 1981 and 2010, use conta...
Dec 26, 2022 (Gmt+09:00)
1 Min read -
Central bank
BOK takes 25-bp rate hike as won rebounds against dollar
South Korea’s central bank raised the base interest rate by 25 basis points to 3.25% during its monetary policy board meeting on Nov. 24, slowi...
Nov 24, 2022 (Gmt+09:00)
2 Min read -
Central bank
BOK may increase rate by only 25 bps this week as won rebounds
South Korea’s central bank is likely to raise interest rates by only 25 basis points this week as its won currency may have bottomed out, easin...
Nov 21, 2022 (Gmt+09:00)
2 Min read -
Central bank
BOK may raise rates by 50 bps again on Fed, inflation
South Korea’s central bank may increase interest rates by 50 basis points again as the US Federal Reserve continued to aggressively tighten mon...
Nov 03, 2022 (Gmt+09:00)
2 Min read -
Central bank
BOK takes another big step hike as weak won lifts prices
South Korea’s central bank on Wednesday delivered its second 50-basis-point policy interest rate hike as the ailing won currency adds to inflat...
Oct 12, 2022 (Gmt+09:00)
3 Min read -
Central bank
Fed may allow recession to stem inflation: Ex-Boston Fed chief
NEW YORK -- The Federal Reserve will not be able to stem rampant inflation in the US without an economic recession, former Boston Fed President Eric ...
Oct 07, 2022 (Gmt+09:00)
3 Min read -
Central bank
BOK chief signals another big step as Fed hike haunts won
South Korea’s central bank on Thursday signaled another 50-basis-point policy interest rate hike as the won currency weakened past the psycholo...
Sep 22, 2022 (Gmt+09:00)
5 Min read
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