SEOUL: South Korea’s foreign exchange reserves fell in March as a stronger U.S. dollar reduced the converted value of non-dollar assets and authorities used reserves in operations to ease currency-market strain, central bank data showed on Friday....
Tag : Bank of Korea
DAEJEON: South Korea’s consumer prices rose 2.2% in March from a year earlier, accelerating from 2.0% in February as higher oil costs pushed up transport-related prices, official data showed on Thursday. On a monthly basis, the consumer...
SEOUL: The Bank of Korea said on Friday that its 2025 net income climbed to a record 15.3275 trillion won, nearly doubling from the previous year as gains on foreign-currency assets and stronger securities prices lifted results. The...
SEOUL: South Korea’s central bank kept its benchmark interest rate unchanged at 2.50% on Thursday, maintaining the Base Rate as policymakers balanced a steady inflation backdrop with improving economic momentum and ongoing financial stability concerns. The Bank of...
MENA Newswire, SEOUL: South Korea’s consumer inflation eased to 2.0% in January from 2.3% in December, as measured by the consumer price index, government data released Tuesday showed. The CPI, with 2020 set to 100, rose to 118.03 in...
South Korea's economy expanded by 2 percent in 2024, according to preliminary data released Wednesday by the Bank of Korea (BOK). The growth rate aligns with the central bank's earlier estimate from January and marks...
The Republic of Korea’s foreign reserves saw a slight increase in December compared to the previous month but recorded their lowest year-end level in five years, according to data released by the Bank of Korea...
Asian markets displayed mixed performance on Thursday as trading resumed after the New Year holiday, with Chinese stocks leading losses amid weaker manufacturing data. Meanwhile, Singapore reported accelerated economic growth for 2024, signaling resilience despite...
Government data showed Wednesday that South Korea's external debt increased by $32.1 billion from a year earlier. According to the Bank of Korea (BOK) and the finance ministry, Korea's external liabilities reached $664.5 billion by...