Korea Joongang Daily
Korea JoongAng Daily

Daily foreign exchange bank trading falls 2.3 percent in Q2

Daily foreign exchange trading by banks in Korea fell 2.3 percent in the second quarter of the year on a fall in spot and derivatives transactions, central bank data showed Tuesday.

2024-07-23

17-hour currency market proceeding smoothly, authorities say

Korea's preparations to extend the operating hours of its currency market are going smoothly, with the pilot program showing no problems.

2024-05-29

Latest 'Planet of the Apes' movie hits new VFX 'pinnacle'

Upcoming film 'Kingdom of the Planet of the Apes' is being praised for its groundbreaking visual effects, utilizing the latest technology to illustrate more nuanced emotions and to portray realistic ape characters.

2024-04-24

NPS, Bank of Korea renew $35B currency swap deal until end of 2024

Korea’s National Pension Service (NPS), the world’s third-largest pension fund, and the Bank of Korea (BOK) agreed to extend their $35 billion currency swap deal by one year until the end of 2024. The swap line was due to expire this month.

2023-12-15

Gov't to allow direct FX trading for retail investors

Retail investors can directly trade on foreign exchange markets using their own devices, with the Korean government allowing financial institutions to provide real-time pricing information and foreign exchange orders to their clients.

2023-07-12

[TEST RIDE] Trek FX+ 2 adds a little electric feel to a Seoul commute

The Trek FX+ 2, a lightweight city bike with just enough of an electric motor to take the edge off Korean summer riding, might just be the best answer to many of Seoul's commuter concerns.

2023-06-24

Korea finance minister optimistic, doesn't expect repeat of 1997

Finance Minister Choo Kyung-ho is concerned about 2023 growth as he remains generally sanguine and doesn't anticipated stagflation or a repeat of the 1997 crisis.

2022-10-06

Finance Ministry plans to take steps to stabilize FX market

Korea plans to take measures to stabilize the foreign exchange market in a timely manner if market volatility increases, driven by herd behavior or speculative bets in the currency market, a senior government official said Friday.

2022-08-26

Appreciating the dollar

According to the Bank of Korea, Korea’s foreign reserves in May amounted to $447.7 billion, nearly $1.6 billion less than in April. Korea’s foreign reserves have been shrinking for three straight months.

2022-06-07

Currency liberalizations planned as MSCI inclusion targeted

“The government will take into account ways to enhance foreign investors’ market access and stabilize the foreign exchange market,” Finance Minister Hong Nam-ki said at a meeting on external economic policy.

2022-01-25