Kim Yong Bok
Scope
Date
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ESG
BOK to exclude high emitters from FX reserves portfolio
The Bank of Korea (BOK) is planning to exclude the bonds and equities issued by high carbon emitters from its foreign reserves portfolio in stages, ...
Sep 28, 2021 (Gmt+09:00)
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Batteries
SK Innovation shareholders approve battery split-off; 2022 IPO unlikely
Shareholders of South Korea’s SK Innovation Co. on Thursday approved the company's plan to separate its battery business into a new entity.Und...
Sep 16, 2021 (Gmt+09:00)
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Economy
Ruling party calls for BOK's active role to aid COVID victims
South Korea's ruling Democratic Party has called on the Bank of Korea (BOK) to take a more active role to aid pandemic-hit small business operators ...
Sep 09, 2021 (Gmt+09:00)
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Economy
Bank of Korea ends 15-mth ultra-easy monetary stance
The Bank of Korea has ended its ultra-easy monetary stance by bumping up the base interest rate by 25 basis points from a record-low 0.5% on Thursda...
Aug 26, 2021 (Gmt+09:00)
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Chief Executives
Father of Krafton's PUBG eyes the expansion of games
In September 2020, Krafton Inc.’s blockbuster game PlayerUnknown’s Battlegrounds (PUBG) hit a major roadblock. India prohibited Chinese ...
Aug 24, 2021 (Gmt+09:00)
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Markets
Korean household debt estimated to top $1.5 tn
South Korea’s household debt was estimated to have exceeded $1.5 trillion to reach a record high last month, and tighter monetary policies at ...
Aug 22, 2021 (Gmt+09:00)
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Philanthropy
MBK chair says philanthropy, writing are equally important in his life
Michael ByungJu Kim, founder and chairman of Korea’s largest private equity firm MBK Partners, will donate 30 billion won ($26 million) to the...
Aug 08, 2021 (Gmt+09:00)
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Economy
New FSC chief nominee tough on household debt, against cryptocurrencies
South Korea’s incoming financial regulatory chief says his policy priority is on limiting economic and financial risks stemming from higher ho...
Aug 06, 2021 (Gmt+09:00)
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Digital currency
Samsung Group joins Kakao in Bank of Korea’s digital currency project
Samsung Group will be working together with Kakao Corp. on the digital currency simulation project led by South Korea’s central bank. Accordin...
Aug 04, 2021 (Gmt+09:00)
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Korean games
Nexon founder resigns in top management reshuffle
South Korean game company Nexon’s founder Kim Jung-ju has resigned from the chief executive position at NXC Corp., the holding company of Nexo...
Jul 30, 2021 (Gmt+09:00)
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Pension funds
Canada’s CPPIB promotes Suyi Kim to global head of private equity
The Canada Pension Plan Investment Board (CPPIB) has named Suyi Kim, its Asia head, as the global chief of its private equity business, effective Se...
Jul 30, 2021 (Gmt+09:00)
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Banking & Finance
Bank of Korea sets stage for tightening after holding rates
South Korea’s central bank chief sent a strong indication of tightening later this year after the Bank of Korea (BOK) left its monetary policy...
Jul 15, 2021 (Gmt+09:00)
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Central banking
Fed’s Powell, BOK chief to meet during G20 gathering
Federal Reserve Chair Jerome Powell and Bank of Korea (BOK) Governor Lee Ju-yeol will meet during a Group of 20 (G20) gathering of finance ministe...
Jul 09, 2021 (Gmt+09:00)
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Economy
BOK chief signals interest rate hike within 2021
The Bank of Korea needs to drop its accommodative monetary stance of the past two years and to begin raising interest rates from this year, the cent...
Jun 24, 2021 (Gmt+09:00)
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Economy
BOK ratchets up warning over asset price bubble, private debt
The recent asset price rises in South Korea, in particular in the equities and real estate markets, have been too rapid, even considering an expecte...
Jun 23, 2021 (Gmt+09:00)
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Central bank
Bank of Korea governor sends stronger signal to raise rates this year
South Korea’s central bank governor on Friday flagged a tighter monetary policy for the second time in less than a month, fueling expectations...
Jun 11, 2021 (Gmt+09:00)
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Central bank
Bank of Korea governor flags rate hike as economy improves
South Korea’s central bank governor on Thursday flagged a possible policy rate hike before the end of the year as the domestic economy recover...
May 27, 2021 (Gmt+09:00)
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Pension funds
CPPIB says no negative screening for ESG investing
The Canada Pension Plan Investment Board (CPPIB) does not carry out negative screening to exclude companies and sectors that do not comply with envi...
May 27, 2021 (Gmt+09:00)
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ESG
BOK to stop investing in low ESG scorers
South Korea’s central bank will exclude companies with low ESG ratings from its portfolio of foreign currency assets. The Bank of Korea has de...
Apr 01, 2021 (Gmt+09:00)
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Economy
BOK to offer news-based weekly economic index
South Korea’s central bank will launch a new economic index based on analysis of online business news articles. The Bank of Korea said on Apr....
Apr 01, 2021 (Gmt+09:00)
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ESG
BOK tells institutions to cut exposure in high carbon sectors
The Bank of Korea has asked the country’s financial institutions to reduce exposure in economic sectors that generate high levels of carbon em...
Mar 25, 2021 (Gmt+09:00)
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Central bank
BOK posts record 2020 net income on higher foreign asset gains
The Bank of Korea paid the second-highest amount of tax revenue in the country last year, trailing only Samsung Electronics Co., after the South Kor...
Mar 12, 2021 (Gmt+09:00)
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Leadership & Management
Hanwha Group leader Kim Seung-youn returns to management
Hanwha Group leader Kim Seung-youn is returning to management seven years after he was banned from business activities following his conviction for ...
Feb 26, 2021 (Gmt+09:00)
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Cryptocurrencies
BOK chief sees no intrinsic value in cryptocurrencies
Bank of Korea (BOK) Governor Lee Ju-yeol said the recent surge in cryptocurrency prices appears abnormal because they have no intrinsic value, addin...
Feb 24, 2021 (Gmt+09:00)
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Mergers & Acquisitions
LG hires Kim & Chang as advisor for mobile division sale
LG Electronics Inc. has mandated South Korea’s largest law firm Kim & Chang as the legal advisor for its smartphone division sale, accor...
Jan 22, 2021 (Gmt+09:00)
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Korean stock market
BOK governor warns of abrupt stock market correction; holds rate steady
South Korea’s central bank governor has warned of an abrupt stock market correction, asking investors to refrain from excessive borrowing amid...
Jan 15, 2021 (Gmt+09:00)
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Economy
BOK raises growth view as it holds rate, warns against V-shaped recovery
The Bank of Korea has raised its growth forecast for this year and next, citing advances in vaccine development and a rebound in exports, after keep...
Nov 26, 2020 (Gmt+09:00)
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Banking & Finance
BOK urged to expand price stability mandate to employment
Lawmakers from both ruling and opposition parties in South Korea have joined forces to propose employment stability be added to the Bank of Korea&rsqu...
Nov 11, 2020 (Gmt+09:00)
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Economy
S. Korea’s current account surplus at 2-yr high; full-year surplus to top BOK forecast
South Korea’s current account surplus rose in September to its highest level in two years on the back of rebounding exports of chips and automob...
Nov 05, 2020 (Gmt+09:00)
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Central bank
Bank of Korea keeps rate steady at record low; signaling no further action
The Bank of Korea has left its policy rate unchanged at a record low of 0.5% as was widely expected, citing a slow economic recovery amid the ongoing ...
Oct 14, 2020 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet