Korean Central Bank Demands 'Circuit Breakers' After Trillion-Won Crypto Blunder
The Bank of Korea (BOK) has called for the immediate introduction of robust safety mechanisms for cryptocurrency exchanges. These proposed safeguards, modeled after the circuit breakers used by major bourses, aim to...
Seoul, April 10 – South Korea's central bank kept its benchmark rate unchanged on Friday, as uncertainty in the Middle East prompted a cautious stance amid risks of inflation, currency weakness, and slower growth.In a widely anticipated decision, the Monetary Policy Board of the Bank of Korea...
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Seoul, April 8 – South Korea recorded its largest-ever monthly current account surplus in February, driven by a semiconductor upcycle and strong exports, according to data released by the central bank on Wednesday.The current account surplus totaled $23.19 billion in February, up sharply from...
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Seoul, April 3 – South Korea's foreign reserves saw their sharpest monthly decline in about a year in March, amid a stronger dollar and authorities' efforts to manage exchange rate volatility, the central bank said on Friday.The country's foreign reserves stood at US$423.66 billion as of the...
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Seoul, March 31 – The South Korean currency plummeted sharply to a 17-year low against the US dollar on Tuesday, as the escalating Middle East conflict fueled fears of further disruptions to global oil supplies and broader economic impacts.The won was quoted at 1,530.1 won per dollar, down...
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Seoul Central Bank Warns of Rising Interest Rates Amid Middle East Conflict
SEOUL, March 26 – The Bank of Korea (BOK) has issued a warning regarding potential upward pressure on market interest rates due to the escalating conflict in the Middle East. The central bank’s statement, released on...
South Korea Sees Second Consecutive Drop in Foreign Currency Deposits in February
Seoul, March 23 – Foreign currency deposits in South Korea declined for the second straight month in February, driven by reductions in both corporate and individual holdings, according to data released by the Bank...
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Fed Policy Uncertainty Rises Amid Middle East Tensions, Bank of Korea Signals Continued Rate Pause
Global Risks Cloud US Monetary Policy Outlook
Seoul, March 19: Uncertainty surrounding the future course of US monetary policy has intensified, driven by escalating geopolitical tensions in the...
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Record Monthly Outflow from South Korean Equities
Foreign investors pulled a record amount of capital from South Korean equities in February, reflecting growing caution among global investors about potential overheating in artificial intelligence related stocks and a wave of profit booking after...
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South Korea’s Per Capita Income Rises Slightly in 2025 as Weak Won Limits Dollar Gains
Per Capita GNI Stays in the $36,000 Range
South Korea’s per capita income recorded only marginal growth in 2025, as the depreciation of the Korean won against the US dollar offset stronger gains in local...
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Exports Support Annual Growth but Economy Shrinks in Final Quarter
South Korea’s economy expanded by 1 percent in 2025, supported largely by strong export performance, although the country recorded negative growth in the final quarter of the year, according to data released by the Bank of Korea...
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Bank of Korea Maintains Benchmark Rate for Sixth Straight MeetingSeoul, February 26: The Bank of Korea kept its benchmark interest rate unchanged at 2.5 percent on Thursday, signaling a cautious approach as policymakers balance stronger economic growth with mounting financial stability...
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Business Survey Index Climbs Above 100 for First Time in 47 Months
Seoul, February 24: South Korea’s business sentiment has turned positive for March, marking its first rebound in four years, supported by strong exports of semiconductors and automobiles.The Business Survey Index for the...
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National Cremation Rate Hits Record High in 2024
Seoul, February 15: South Korea’s cremation rate continues its steady upward climb, intensifying concerns over potential shortages of cremation facilities, particularly in densely populated cities such as Seoul and Busan.Fresh data released on...
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yonhap news agency