Korea Joongang Daily
Korea JoongAng Daily

BOK warns pension and medical costs could double to 20 percent of GDP by 2050

Korea's combined spending on the national pension and medical care could nearly double to account for 20 percent of the country's GDP by 2050 due to a shrinking work force and rapidly aging population, the central bank said Tuesday.

2025-06-17

Foreign capital inflows to Korean securities hit 2-year high in May: BOK

Foreign investment in Korean securities recorded the largest net inflow in nearly two years in May, supported by easing domestic political uncertainties and reduced concerns over the United States' trade policy, the central bank said Friday.

2025-06-13

Political uncertainty falls to pre-martial law levels in wake of presidential election, BOK data shows

Korea’s political uncertainty index has fallen to a level seen before the Dec. 3 martial law declaration, signaling a partial easing of domestic political instability following the presidential election, according to data from the Bank of Korea.

2025-06-06

Korea’s economy shrinks 0.2% in first quarter on weak domestic demand

Korea’s economy contracted 0.2 percent in the first quarter of 2025, mainly due to sluggish domestic demand in construction investment and private consumption.

2025-06-05

BOK lowers GDP outlook to 0.8%, a level seen only in past crises

Korea’s central bank sharply downgraded its 2025 growth outlook to 0.8 percent on Thursday — a level previously seen only during the Asian financial crisis, the global financial crisis and the peak of the Covid-19 pandemic.

2025-05-29

BOK cuts interest rate to 2.5% as economic growth slows

The Bank of Korea (BOK) lowered its benchmark interest rate by 0.25 percentage points to 2.5 percent on Thursday, signaling a shift toward monetary easing amid growing concerns over stagnating growth.

2025-05-29

Business sentiment improves for third consecutive month in May, BOK survey finds

Korea's business sentiment improved for the third straight month in May amid eased uncertainty at home and abroad, a central bank poll showed Wednesday.

2025-05-28

BOK chief sees prolonged volatility in FX market amid domestic, global uncertainties

Volatility in the FX market will likely persist for some time amid uncertainties in the global economy and domestic politics, Korea's top central banker said Tuesday, while reiterating the need for monetary easing to boost the local economy.

2025-05-06

BOK chief to attend ADB annual talks, ASEAN+3 meeting in Milan next week

Bank of Korea Gov. Rhee Chang-yong will attend the Asian Development Bank annual meeting and Asean discussions in Milan to address global economic conditions and regional cooperation efforts.

2025-05-01

Concerns grow over S. Korean economy growing 0.1 percent or less for 4th quarter

Concerns are growing over the possibility of the Korean economy growing by 0.1 percent or less for the fourth consecutive quarter for the first time in its history, data showed Sunday.

2025-04-20