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The Bank of Korea is preparing for its next rate-setting meeting, with markets divided on whether the central bank will implement another rate hike or pause, a decision that will indicate the future pace of its tightening cycle.
The new senior deputy governor of the Bank of Korea emphasized the need for a prudent and flexible approach to monetary policy. This statement signals a cautious stance on future economic decisions.
The spread between South Korea’s three- and 10-year government bond yields has widened to its highest level in nearly five years, driven by a global selloff in long-dated securities and expectations of less aggressive interest rate hikes from the Bank of Korea.
The Bank of Korea has purchased gold for the first time in 13 years, prompting speculation about a potential new rally in gold prices.
The Bank of Korea announced plans to launch a pilot program in September for a 24-hour offshore won settlement network, aiming to improve foreign investors' access to the local financial market.
The Bank of Canada maintained its key interest rate at 2.25% as the economic outlook improved, while the Bank of Korea raised its rates to 2.75% in its first hike in over three years.
The Export-Import Bank of Korea signed a memorandum of understanding with Mongolia's Trade and Development Bank to provide $30 million in on-lending financing, aimed at supporting exports of Korean consumer goods.
The Bank of Korea (BOK) has issued a warning regarding the potential risks associated with single-stock leveraged exchange-traded funds (ETFs). This alert, reported by Yonhap, highlights concerns over the volatility and speculative nature of these financial products.
The Bank of Korea has indicated that higher interest rates are necessary to address growing risks associated with housing and household debt.
The Bank of Korea (BOK) has issued a warning that potential bonus windfalls driven by artificial intelligence could contribute to broader inflation. This highlights concerns about the economic implications of rapid AI adoption.
Hanwha Group affiliates have increased their stake in Korea Aerospace Industries (KAI) to 9.04 percent, making them the second-largest shareholder after the state-run Export-Import Bank of Korea, further solidifying Hanwha’s aerospace ambitions.
The Bank of Korea governor announced that interest rates would be raised 'on time,' indicating an anticipated increase in borrowing costs. This statement suggests a proactive monetary policy response to economic conditions.
A Seoul court ruled in favor of Iran’s Bank Mellat, ordering the Bank of Korea to pay 10 billion won ($7.3 million) plus delayed interest in a damages suit.
The Bank of Korea has maintained its key interest rate for the eighth consecutive meeting, as expected by analysts. This decision comes amid ongoing inflation pressures and uncertainties in the Middle East.
NH Amundi suggests that Korea's short-term debt pricing is factoring in too many interest rate hikes by the Bank of Korea.
A new board member of the Bank of Korea has stated that worries about inflation are intensifying, signaling potential shifts in monetary policy.
The Export-Import Bank of Korea is enhancing financial cooperation with India to support investments in critical minerals, clean energy, and other strategic industries, as Korean companies expand their presence in the rapidly growing Indian market.
Business sentiment in South Korea rebounded in April, with the Bank of Korea attributing the improvement partly to the Middle East crisis reducing inventories.
Shin Hyun-song, a renowned economist, is set to take over the leadership of the Bank of Korea, facing numerous challenges including stabilizing the currency in the context of the Iran war.
The newly appointed chief of the Bank of Korea (BOK) has advocated for a 'cautious and flexible' monetary policy approach, citing the ongoing crisis in the Middle East as a key factor.
The South Korean Parliament has adopted the confirmation hearing report for the nominee to head the Bank of Korea.
The outgoing chief of the Bank of Korea emphasized the need for the central bank to adopt a broader role in addressing long-term economic challenges beyond traditional monetary policy.
Shin Hyun-song, the nominee for governor of the Bank of Korea, stated that price stability would be the central bank’s top priority, citing rising external uncertainty as a driver of both inflationary pressure and growth risks.
The incoming head of the Bank of Korea has indicated a potential shift towards a more hawkish monetary policy stance, driven by concerns over surging import costs.
Shin Hyun-song, the nominee for Bank of Korea governor, has pledged to sell a significant portion of his foreign currency-denominated financial assets. This decision comes amidst controversy and he plans to further reduce his exposure.
The Bank of Korea maintained its key interest rate for the seventh consecutive meeting, citing ongoing uncertainty in the Middle East as a key factor in its decision.
The confirmation hearing for the nominee to lead the Bank of Korea has been scheduled for April 15.
South Korea's foreign exchange authorities indicated readiness to intervene in currency markets after the won depreciated to its weakest level since the global financial crisis.
Lee Soo-hyung, a member of the Bank of Korea's Monetary Policy Board, addressed an American Chamber of Commerce in Korea forum to discuss the nation's monetary policy direction and economic outlook.
South Korean bond yields are expected to remain capped as the Bank of Korea signals a delay in interest rate hikes, influencing the nation's financial outlook.
The Bank of Korea has once again decided to keep its key interest rate unchanged, citing ongoing economic recovery alongside market uncertainties.
The Bank of Korea has adopted a new forward guidance strategy, aligning its communication with the US Federal Reserve's dot plot to provide clearer signals on future monetary policy.
South Korea's producer prices rose for a fifth consecutive month in January, driven by a marked increase in semiconductor prices and higher agricultural costs, central bank data showed Tuesday. The producer price index , a key gauge of future consumer inflation, climbed 0.6 percent from a month earlier to 122.50 in January, accelerating from a 0.4 percent rise in December, according to the preliminary data from the Bank of Korea. The index has increased steadily since September, rising 0.4 perce
The Bank of Korea has restarted its gold-buying activities after more than ten years, joining other central banks in diversifying its foreign reserves. This move aims to increase its exposure to the precious metal.
Kwon Min-soo, a deputy governor at the Bank of Korea, has been appointed as the central bank's second-highest official.
The Bank of Korea announced its first investment in gold in 13 years, holding over $250 million worth of a gold exchange-traded fund (ETF) traded on the US stock market. This move was disclosed in a filing with the US Securities and Exchange Commission.
Minutes from a recent meeting reveal that Bank of Korea board members are contemplating additional interest rate increases to address economic conditions.
The Bank of Korea has raised its base rate to 2.75%, marking its first policy tightening since early 2023. This decision comes amid a chip-led economic boom.
The Bank of Korea has raised its benchmark interest rate for the first time in over a year, ending a pause in monetary policy. The move aims to combat mounting inflationary pressures, the prolonged weakness of the won, and concerns over energy import reliance, with some reports linking it to the Iran war.
The Bank of Korea governor indicated a potential need for a rate hike at an appropriate time, citing inflation above target and other financial risks. The central bank will consider various factors before making a decision.
South Korea's inflation continues to stay elevated, providing support for the Bank of Korea's hawkish monetary policy tilt.
Massive bonuses awarded to workers in South Korea's tech industries, particularly the chip sector, have prompted the Bank of Korea to issue a warning about potential upward pressure on inflation.
The Bank of Korea anticipates that inflation will continue to exceed its target throughout the next year.
Nomura's senior economist states that the AI-led semiconductor boom has not significantly impacted South Korea's wider economy, raising concerns about currency and financial stability that could lead to a Bank of Korea rate hike in July.
South Korea's inflation has accelerated, providing further support for the Bank of Korea's hawkish monetary policy stance.
South Korea's central bank, under its new chief, has kept its benchmark interest rate unchanged but signaled a potential pivot towards tighter monetary policy, while also raising its 2026 growth forecast to 2.6 percent, as inflation pressure continues to build.
The Bank of Korea has raised South Korea's economic growth forecast for the year to 2.6% due to robust chip-driven exports. This comes as a Reuters poll indicates South Korea's exports are set to rise for the 12th consecutive month, further fueled by the semiconductor boom.
Citibank Korea and the Export-Import Bank of Korea are providing $100 million in syndicated financing to support KoMiCo's expansion in the US semiconductor market. KoMiCo is a Korean supplier of equipment parts for the semiconductor industry.
The chief of the Bank of Korea, Shin Hyun-song, has been elected to the 18-member highest decision-making body of the Switzerland-based Bank for International Settlements (BIS).
European Central Bank officials, including policymaker Peter Kazimir, have strongly indicated that an interest rate hike in June is "all but inevitable." This comes as ECB surveys suggest inflation will ease by 2027, but concerns about a eurozone recession persist.
The Export-Import Bank of Korea has entered into a four-way agreement in Vietnam to enhance financing cooperation for nuclear projects. This move supports South Korea's efforts to expand its nuclear technology exports.
The new Governor of the Bank of Korea, a veteran from the crisis era, has delivered his first policy address, outlining ambitious plans for a won overhaul. He emphasized prioritizing Central Bank Digital Currencies (CBDCs) over stablecoins in the bank's future strategy.
South Korean President Lee Jae Myung approved the appointment of Shin Hyun-song as the new governor of the Bank of Korea, with his term set to begin on Tuesday.
The National Assembly adopted the confirmation hearing report for Bank of Korea governor nominee Shin Hyun-song, paving the way for his appointment after a delay.
Bank of Korea economists attribute the Korean won's higher volatility compared to other major currencies to the limited depth of its foreign exchange market, as detailed in a recent central bank paper.
Shin, the nominee for the Bank of Korea chief, has issued an apology regarding a controversy stemming from personal issues.
The Bank of Korea governor nominee has expressed a positive outlook on the potential for won-denominated stablecoins, indicating a potential shift in the central bank's approach to digital currencies.
The head of the Bank of Korea is scheduled to participate in the upcoming G20 and IMF-World Bank Group meetings in Washington D.C.
The Bank of Korea maintained its benchmark interest rate at 2.5 percent, citing concerns over the volatility of the Korean won and increasing inflationary pressures, partly linked to the Iran conflict.
Bank of Korea governor nominee Shin Hyun-song is facing scrutiny over potential conflicts of interest due to more than half of his assets being held overseas, with nearly all financial assets denominated in foreign currencies.
A veteran crisis caller, Shin, is expected to bring a more hawkish tone to the Bank of Korea following his appointment, potentially influencing the nation's monetary policy.
A U.S. business lobby held discussions with a board member of the Bank of Korea (BOK) to review the current economic outlook.
South Korea recorded its fifth-largest monthly current account surplus in January, driven by a semiconductor upcycle and strong exports, central bank data showed Friday. The current account surplus totaled $13.26 billion in January, down from $18.7 billion in December, according to the Bank of Korea. Compared with the same month a year earlier, however, the figure surged 397.4 percent, marking the fifth-largest monthly surplus on record. South Korea has recorded a current account surplus every m
The Bank of Korea has increased its growth forecast for the South Korean economy to 2 percent for this year, citing strong exports and a recovery in private consumption.
A survey indicates that 99% of bond experts expect the Bank of Korea to maintain its key interest rate at the current level.
The Bank of Korea forecasts significantly higher GDP growth, primarily attributing this positive outlook to a boom in the chip industry.
Economic experts anticipate the Bank of Korea will raise its growth outlook for the South Korean economy to over 3 percent for 2026, citing strong semiconductor exports and recovering domestic demand.
The Bank of Korea has announced the appointment of Kwon Min-soo as its new senior deputy governor.
The Bank of Korea's deputy governor has indicated that the July interest rate hike was not a one-off and further increases are likely.
The Bank of Korea announced its intention to maintain a monetary tightening stance, citing persistent high inflation pressure and projected economic growth. This comes after the central bank raised its benchmark rate earlier this month.
The Bank of Korea has implemented its first interest rate hike since 2023, responding to an inflation rate that has reached 3.2%.
The South Korean central bank stated that the global semiconductor market remains undersupplied and expects the current AI-driven supercycle to persist, alleviating investor worries about a potential market peak.
Korean Air has successfully issued 20 billion yen ($123.4 million) in Samurai bonds, supported by the Export-Import Bank of Korea. This move highlights the airline's strong credibility among global investors and confidence in its growth prospects.
A Bank of Korea board member has expressed concerns regarding rising house prices and the increasing trend of leveraged stock investments, signaling potential risks to financial stability.
The Export-Import Bank of Korea will provide $110 million in financing for Doosan's planned copper clad laminate production facility in Thailand, supporting the expansion of AI-related supply chains.
The Bank of Korea has committed to taking necessary measures until inflation moderates and aligns with its target.
The Bank of Korea's chief has indicated that further interest rate hikes are likely as inflation risks continue to persist. This signals a proactive stance by the central bank to curb inflationary pressures in the economy.
South Korea continues to demonstrate strong export momentum, a trend that is seen as reinforcing the Bank of Korea's hawkish monetary policy outlook.
The new chief of the Bank of Korea has revealed a hawkish posture, signaling a firm approach to monetary policy as price and foreign exchange risks escalate.
A surge in chip industry bonuses is raising concerns about inflation and housing market risks for the Bank of Korea, according to a Bloomberg Economics report.
Samsung's 'no-union' policy is cited as a factor leaving the company vulnerable to a potential strike. The Bank of Korea has warned that such a strike could significantly impact national economic growth.
A departing board member of the Bank of Korea has stated that the central bank's policy should prioritize inflation control.
The Bank of Korea (BOK) observes increasing uncertainty regarding the future path of U.S. monetary policy following the appointment of a new Federal Reserve chair.
South Korea's producer prices recorded their fastest increase in three to four years during March, primarily driven by a significant surge in oil costs. This rise was reported by the Bank of Korea.
The new chief of the Bank of Korea has taken office, pledging to implement a cautious and flexible monetary policy. This approach is deemed necessary amidst uncertain inflation, economic growth, and global risks, including the Middle East crisis.
Lee has officially appointed the new governor for the Bank of Korea following parliamentary confirmation.
The Export-Import Bank of Korea has provided €100 million ($117.5 million) in financing for the Kinali-Malkara Motorway Construction and Operation Project in Turkey, led by Korea Expressway Corporation.
Shin Hyun-song, nominee for Bank of Korea governor, has disclosed an 8.2 billion won ($5.6 million) asset portfolio, offering insight into his investment philosophy shaped by global experience and a cautious approach to diversification.
The nominee for the Bank of Korea is anticipated to prioritize price stability as a key policy objective. This focus suggests a commitment to controlling inflation and maintaining economic equilibrium in South Korea.
The Bank of Korea is advocating for the implementation of circuit breakers on cryptocurrency exchanges following an error experienced by Bithumb, aiming to enhance market stability.
The Bank of Korea has decided to keep its interest rates unchanged, citing risks to prices and economic growth stemming from the ongoing Iran war.
A Reuters poll indicates that the Bank of Korea is likely to hold its benchmark interest rate at 2.50%, as persistent war-driven uncertainty continues to impact the global economic outlook.
The Bank of Korea (BOK) has indicated that a price hike is likely to accelerate after April, primarily driven by persistently high oil prices. This forecast signals potential inflationary pressures.
South Korea has officially appointed Shin Hyun-song, a top economist from the Bank for International Settlements (BIS) known for his hawkish bent, as the new governor of its central bank, a key appointment to lead monetary policy amid economic challenges.
The Bank of Korea said a supplementary budget being discussed to cushion the economic fallout from the war in the Middle East is unlikely to significantly fan inflation, even as oil-driven cost…
The Export-Import Bank of Korea has signed a tripartite memorandum of understanding with Korea Hydro & Nuclear Power and Manila Electric Company to support nuclear power development in the Philippines.
South Korea's central bank maintained its benchmark interest rate for the sixth consecutive meeting, citing stronger-than-expected growth and efforts to ensure financial stability amidst a weak currency and unstable housing market.
A Reuters poll indicates that the Bank of Korea is expected to keep interest rates steady at 2.50% through 2026.
Industrial Bank of Korea President Chang Min-young has taken office, committing to deploy 300 trillion won ($207 billion) by 2030 to support the government's productive finance initiatives.