S. Korea’s official foreign reserves hit $416.3b in August ’25
South Korea’s official foreign reserves stood at $416.3 billion at the end of August 2025, the Bank of Korea (BOK)…
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Bank of Korea (BOK)
S. Korea’s c. bank holds base rate at 2.50%
The Monetary Policy Board of the Bank of Korea (BOK) decided on Thursday to keep the Base Rate unchanged at 2.50…
S. Korea’s export, import prices decline in May ’25
South Korea’s export and import prices saw notable declines in May 2025, while trade volumes posted modest…
S. Korea’s financial account posts $4.51b surplus in April ’25
South Korea's financial account recorded a net increase of $4.51 billion in April 2025.
S. Korea’s c. bank cuts base rate
The Monetary Policy Board of the Bank of Korea (BoK) announced on Thursday a 25-basis-point cut in the Base Rate,…
S. Korea’s foreign reserves drop in April ’25
South Korea's foreign reserves stood at $404.7 billion as of the end of April 2025, compared to 409.7 billion in…
Bank of Korea signals possible rate cuts
Most Bank of Korea members believe South Korea's economic headwinds are worsening faster than expected.
S. Korea’s c. bank warns of prolonged trade war impact
South Korea's central bank warned on Thursday that the trade war initiated by the US President could persist longer…
S. Korea’s c. bank cuts base rate to 2.75%
The Monetary Policy Board of the Bank of Korea (BoK) announced on Tuesday a 25-basis-point reduction in the Base…
Asian shares fall on Tuesday due to trade tensions
Asian shares declined on Tuesday due to concerns about trade tensions between the US and China, which dampened the…
S. Korea’s economic health hinges on political stability
South Korea's central bank governor said on Thursday the key factor for the health of Asia's fourth-largest economy…
S. Korea’s c. bank holds rates steady at 3.00%
The Bank of Korea's (BOK) monetary policy board decided on Thursday to keep the base rate at 3.00 per cent.
S. Korea sees biggest foreign outflows since March ’20
South Korea's capital markets saw the biggest foreign outflows in December since March 2020 due to increased…
S. Korea’s export, import prices climb 2.4% in Dec. ’24
South Korea's export price index (KRW basis) rose 2.4 per cent in December compared to the previous month, and…
S. Korea signals adaptable easing pace
South Korea's central bank governor stated that the pace of monetary policy easing in the coming year would need to…
Bank of Korea buys net $192m in market-smoothing operations in Q3
The Bank of Korea (BOK) announced on Tuesday that it purchased a net US$192 million in the third quarter of 2024 to…
S. Korea consumer sentiment plunges in Dec. ’24 – BOK
South Korea’s Composite Consumer Sentiment Index (CCSI) for December 2024 fell to 88.4 points, a decline of 12.3…
S. Korea faces economic slowdown – BOK
South Korea's economic growth rate is expected to drop to two per cent and could fall below one per cent by the…
S. Korea to maintain 2% inflation target – BOK’s governor
South Korea's central bank will keep its two per cent inflation target until the next policy review, as low…
BOK governor: dollar-won exchange rate rises post-martial law attempt
Bank of Korea (BOK) Governor Rhee Chang Yong stated on Tuesday that the dollar-won exchange rate had increased…
BOK floods market with liquidity amid political turmoil
The Bank of Korea (BOK) has significantly increased its liquidity injections into the financial market to stabilise…
S. Korean won weakens sharply, outpaces global peers in weekly decline
The South Korean won emerged as the weakest-performing currency among major peers last week, as President Yoon Suk…
BOK Chief: Trump’s trade policies pose greater risk to S.Korea than marital law fiasco
South Korea faces greater economic risks from US President-elect Donald Trump’s trade policies than from its own…
BOK chief: Impeachment politics unlikely to impact South Korea’s economic outlook
Bank of Korea (BOK) Governor Rhee Chang-yong said on Thursday that the ongoing political turmoil over the…
S. Korea’s foreign reserves rise in Nov. ’24
South Korea's foreign reserves stood at $415.4 billion as of the end of November 2024, a slight increase compared…
BOK governor plays down impact of political turmoil on economy
Bank of Korea Governor Rhee Chang-yong said that it is improbable for the central bank to cut interest rates, as he…
S. Korea’s c. bank moves to stabilise financial, FX markets
The Bank of Korea (BOK) will provide liquidity to stabilise financial and foreign exchange markets through…
Bank of Korea cuts interest rates to stimulate economy
The Bank of Korea (BOK) lowered its benchmark interest rate by 25 basis points from 3.25 per cent to 3.00 per cent…
BOK to hold rates at 3.25%
The Bank of Korea (BOK) is expected to maintain its key policy rate at 3.25 per cent this week to support the…
IMF advises BOK to maintain gradual policy normalisation
The Bank of Korea (BOK) should continue to normalise monetary policy gradually due to high uncertainty.
S. Korea’s household debt hits record high in Q3
South Korea's total household credits outstanding rose by 18.0 trillion won in the third quarter of 2024, reaching…
S. Korea’s foreign currency deposits see $5.1b drop in Oct.
South Korea's foreign currency deposits decreased to $98.97 billion in October 2024, down by $5.1 billion from the…
S. Korea’s foreign reserves hit $415.7b in Oct. ’24
South Korea's foreign reserves hit $415.7 billion by October 2024, with securities making up 89.8 per cent of the…
S. Korea’s economy grows slightly in Q3 – BOK
South Korea's real gross domestic product (GDP) grew by a marginal 0.1 per cent in the third quarter of 2024…
S. Korean consumer confidence improves in Oct. – BOK
South Korea's Composite Consumer Sentiment Index (CCSI) for October 2024 rose 1.7 points from September to 101.7.
S. Korea’s foreign currency deposits hit record in Sep. ’24
South Korea’s foreign currency deposits increased $3.66 billion in September 2024 to a new high of $104.07 billion.
S. Korea’s M2 grows August ’24 – BOK
South Korea's seasonally-adjusted M2, which includes broad money, grew by 0.2 per cent to 4,062.6 trillion won…
S. Korea’s export, import prices fall in Sep. ’24
South Korea's export price index (KRW basis) decreased by 2.3 per cent in September compared to the previous month.
S. Korea’s financial account posts $4.93b surplus in August ’24
South Korea's financial account recorded a net increase of $4.93 billion in August 2024, primarily driven by growth…
S. Korea’s current account surplus hit $6.6b in August ’24
South Korea's current account registered a surplus of $6.60 billion in August 2024, according to preliminary data…