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 ...
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...
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 ...
Samsung shares struggle as big strategic decisions still await Lee
Shares of Samsung Electronics Co. have been trapped in a boxed range since the start of the year, dashing retail investors’ hope that the tech...
Samsung's Lee to be released on parole on Aug. 13
Samsung Group leader Jay Y. Lee will be released on parole on Friday after having been imprisoned since January of this year on charges of bribery a...
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...
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...
Samsung Electronics’ stock stages a rebound as outlook concerns ease
Shares of Samsung Electronics Co. have risen above the psychologically important level as foreign and institutional investors returned amid easing c...
Lee Kun-hee’s art collection exhibited from this month in Seoul
The lavish art collection donated by the Samsung Group following the death of group chairman Lee Kun-hee will be shown to the public from July 21. The...
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...
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...
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...
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...
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...
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...
Go grandmaster Lee Se-dol's win over AlphaGo released as NFT
South Korea’s Go grandmaster Lee Se-dol has released a non-fungible token (NFT) based on his legendary winning match against AlphaGo, an artif...
Jay Y. Lee tightens grip on Samsung with increased stake in key affiliate
Jay Y. Lee, the heir of Samsung Group, has bolstered his grip on South Korea’s largest conglomerate by inheriting half his late father’s...
Donations from Lee Kun-hee's collection: From national treasures to Western masterpieces
The Samsung Group heirs' announcement that they will donate some 23,000 pieces of art and cultural artifacts collected by the late Chairman Lee Kun-...
Samsung heirs likely to donate over half of Lee's art collection
Samsung Group heirs, including Samsung Electronics Co. Vice Chairman Jay Y. Lee, have tentatively agreed to donate more than half of the late Lee Ku...
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...
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....
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...
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...
Lee Kun-hee’s lavish art collection fuels debate on tax payment scheme
The late Samsung Chairman Lee Kun-hee’s lavish art collection is driving South Korea’s art circle to pressure lawmakers to amend the cou...
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...
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...
SK Hynix CEO Lee Seok-hee: Star engineer, bookworm, soju connoisseur
When SK Hynix Inc. announced a $9 billion all-cash deal to acquire Intel Corp.’s NAND memory chip business in mid-October of last year, the ma...
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...
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...
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...
