Consumer sentiment hits 4-year high on political stability, planned stimulus

Consumer confidence improved in June, reaching its most optimistic level in four years at 108.7, according to data released by the Bank of Korea, on expectations for the new administration and a planned second supplementary budget.

2025-06-24

Digital won on the horizon as Korea joins global stablecoin race

Korea is advancing local currency-pegged stablecoins for financial sovereignty amid global regulatory shifts, despite concerns over monetary policy impacts.

2025-06-23

Bank of Korea to lower interest rates cautiously, minutes show

Board members of Korea's central bank said it was necessary to continue easing monetary policy to support economic growth, but with caution over associated risks, minutes of their May 29 policy meeting showed on Tuesday.

2025-06-17

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

BOK to maintain easing stance as chief calls for economic stimulus

Bank of Korea Gov. Rhee Chang-yong called for a much-needed economic stimulus from the new Lee Jae-myung administration, while also pledging to maintain the current monetary easing stance.

2025-06-12

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

BOK vows close monitoring of inflation amid U.S. tariff uncertainty

Inflation is projected to remain stable throughout the year, but close monitoring is required due to such risk factors as volatility in the foreign exchange market and global oil prices, the central bank said Wednesday.

2025-06-04

BOK poised to cut 2025 growth outlook to below 1 percent

The Bank of Korea may reduce its 2025 growth forecast to below 1 percent due to weak consumption and U.S. tariffs.

2025-05-25

Liquidating assets will help alleviate elderly poverty: BOK chief

Bank of Korea Gov. Rhee Chang-yong called for policies to help older people liquidate their assets, including through reverse mortgages, to alleviate the high rate of elderly poverty.

2025-05-15

Money supply falls for first time in 23 months in March: BOK

In March, Korea's money supply fell 0.1 percent for the first time in 23 months, prompted by declines in savings deposits and liquid financial products.