The Bank of Korea expressed concern that rising household debt could become a serious threat to the economy.
Bank of Korea Gov. Lee Ju-yeol hinted at a potential rate hike within the year during his commemoration speech for the central bank's 71st anniversary on Friday.
Korea's economy contracted in 2020, the first real decline in gross domestic product (GDP) since the Asian financial crisis, according to revised figures released by the central bank Wednesday.
Korea reported its 12th current account surplus in a row in April, $1.91 billion, thanks to buoyant exports.
The impact of the coronavirus pandemic on the self-employed is becoming clearer.
Korean companies shrunk an average of 3.2 percent last year, according to a report released by the Bank of Korea Thursday, because of the coronavirus epidemic.
Loans to industry rose 14.0 percent on year in the first quarter with services leading, up 17.5 percent on year, according to a release from the Bank of Korea.
A team from the Bank of Korea wrote in a research paper that the local stock market does not fully reflect the real economy.
President Moon Jae-in’s commitment to an expansionary fiscal policy through next year endangers the country’s fiscal health. In a meeting on the nation’s fiscal strategy at the Blue House last week, the president vowed to...
The Bank of Korea upped its 2021 growth forecast while holding interest rates steady on Thursday as it balanced optimism about a fast recovery with concern about crushing household debt.