Members of the central bank's rate-setting board voiced the need to readjust the low-rate monetary policy in the future amid an accelerating economic recovery and deepening financial imbalances, minutes from the latest policy meeting showed Tuesday.
North Korea's economy contracted 4.5 percent in 2020, the steepest fall since 1997, according to the Bank of Korea (BOK) Friday.
One member of the Bank of Korea’s seven-member monetary policy board dissented at the rate-setting meeting Thursday, arguing that the base rate should be taken from the historic low 0.5 percent to 0.75 percent.
Bitcoin prices are plunging on news the Chinese government is cracking down on bitcoin miners.
The coronavirus pandemic took a greater toll on jobs for women, especially if they were married.
Korea's terms of trade rose for the 12th consecutive month in March, as exports have shown signs of a strong recovery, central bank data showed Thursday.
I communicate with North Korean defector Lee Min-bok from time to time, and he emailed me recently with frustration over the U.S. congressional hearing on the Tom Lantos Human Rights Commission. Lee had high hopes, but he said...
Korea posted its 10th consecutive monthly current account surplus, with the balance reported by the central bank a positive $8.03 billion in February.
Korea has a higher level of financial literacy than the Organization for Economic Cooperation and Development (OECD) average, according to a report by the Financial Supervisory Service and the Bank of Korea on Monday.
KT&G CEO Baek Bok-in was reappointed to serve another term at the company’s annual shareholder meeting held Friday.