Why the global economy needs BOK’s Rhee to stand firm

Rhee Chang-yong could be excused for never wanting to hear the word 'Legoland' again.The Bank of Korea governor spent the first six months of his tenu...

KDI cuts Korea growth forecast, urges gradual rate hikes

South Korean economic growth is expected to decline further next year to the slowest level since the COVID-19 breakout while inflation is likely t...

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 mo...

Korea’s 1st export decline in 2 years dims BOK’s big-step rate hike outlook

South Korea’s exports fell for the first time in two years in October, posting a trade deficit for seven months in a row – the clearest ...

BOK to ease Legoland developer default-led credit crunch

South Korea’s central bank joined rescue moves to improve liquidity in the local bond market and alleviate the fallout from a debt default by ...

Korea to face more headwinds after Q3 growth hits 1-yr low

The South Korean economy grew at its slowest pace of the year in the third quarter on weak net exports, adding to concerns over a further slowdown i...

Principal opens Seoul office to intensify client relationships

US investment firm Principal Global Investors LLC has recently opened a Seoul office to strengthen the firm’s existing client relationships in...

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 infla...

BOK mulls 50-bp rate hike despite slower Sept inflation

South Korea’s headline inflation slowed in September for a second straight month on lower oil prices, but the central bank is still predicted ...

S.Korea to take measures to support stock, bond markets

South Korea is set to take measures to stabilize local stock and bond markets hit by global interest rate hikes amid growing risks of a worldwide ec...

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 psychol...

Korea inflation slows, but BOK may still hike interest rates

South Korea’s headline inflation eased in August for the first time in seven months on a slower rise in oil prices, but the central bank is st...

Ukraine war gives North Korea reasons to draw closer to Russia

SEOUL—Russia’s invasion of Ukraine has created an opportunity for North Korea, which has strengthened its ties with Moscow and beco...

NPS' new chairman Kim Tae-hyun to start 3-year term

South Korea’s National Pension Service (NPS) is set for its new Chairman Kim Tae-hyun, a former CEO of state-run Korea Deposit Insurance Corp....

BOK chief: S.Korea won't keep pace with Fed’s interest rate hikes

JACKSON HOLE, Wyo. -- The Bank of Korea plans to raise interest rates until inflation falls to its target level but won't keep pace with the US Fede...

Hanwha's heir apparent promoted as group's vice chair

South Korea’s Hanwha Group promoted its petrochemical and energy unit Hanwha Solutions Corp. CEO Kim Dong Kwan as the group’s new vice c...

BOK delivers fourth straight rate hike as inflation persists

South Korea’s central bank on Thursday delivered its fourth interest rate hike in a row for the first time in its history as the monetary auth...

North Korea dismisses South Korea’s move to improve ties as ‘absurd dream’

SEOUL—South Korean President Yoon Suk-yeol sought to shake up frothy inter-Korean ties on Monday with what he called an “audacious plan....

Korea inflation hits highest point since 1998 crisis, BOK to hike rates

South Korea’s inflation accelerated further last month to its highest point since the 1997-98 Asian financial crisis, adding to expectations t...

Korean gaming entrepreneur Kim Jae-young joins billionaire ranks

Kim Jae-young, founder and chief executive of Lionheart Studio Corp., the company behind South Korea’s most popular mobile game Odin, has join...

BOK delivers first-ever 50-bp hike to curb inflation

South Korea’s central bank on Wednesday took the most aggressive measure with a 50-basis-point policy interest rate hike for the first time in...

BOK likely to take 50-bp big step hike to curb inflation

South Korea’s central bank is expected to raise interest rates by 50 basis points (bps) on Wednesday for the first time in history to cool dow...

Korea inflation at 24-year high, adds to big step views

South Korea’s inflation accelerated to a 24-year high last month, reinforcing expectations that the central bank may raise interest rates by 5...

Korea won at 13-year low on recession fears amid tightening

South Korea’s won hit a 13-year low, weakening past the psychologically important 1,300 per US dollar level for the first time since the 2008-...

BOK may take big-step rate hike on Fed's aggressive tightening

South Korea’s central bank may raise interest rates more than usual to rein in inflation in Asia’s fourth-largest economy after the US F...

North Korea missile tests drawing tougher response from US, South Korea

SEOUL—The U.S. and South Korea are responding to North Korea’s unprecedented number of missile tests this year with a greater show of ...

Korea May inflation tops 5% for first time since 2008-09 crisis

South Korea’s inflation accelerated further in May to the fastest pace since the 2008-09 global financial crisis on surging energy and food pr...

BOK steps up inflation fight with back-to-back rate hikes

South Korea’s central bank delivered a back-to-back interest rate hike for the first time in 15 years on Thursday to curb rampant consumer pri...

Startups race for top talent to fill CTO positions

Just a few years back, fashion startups in South Korea rarely saw the need for a Chief Technology Officer (CTO). The same was true for the so-c...

BOK chief says big-step rate hikes possible; bond yields jump

South Korea’s central bank chief said he will consider big-step interest rate hikes in the coming months to curb inflation in Asia’s fou...