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Korea GNI per capita drops nearly 8 percent in 2022

Gross national income (GNI) per capita fell almost 8 percent to $32,661 last year, according to the Bank of Korea on Tuesday.

2023-03-07

Won hits 2023 lows as CPI, PCE and PPI ignite rate fears

The won hit 2023 lows on Monday as key inflation indicators published Friday came in higher than expectations. It weakened throughout the session to end at 1,323 won, up 18.2 won from Friday’s close to pass the 1,320 mark for the first time since...

2023-02-27

Won drops to 2023 lows on renewed inflation concerns

The won hit 2023 lows on Monday as key inflation indicators published Friday were higher than expectations.

2023-02-27

Korea's shares open higher amid rate hike woes

Stocks opened higher Thursday amid lingering concerns over more interest rate hikes.

2023-02-23

Screen time

A screen in Hana Bank's trading room in central Seoul shows the Kospi closing at 2,417.68 points on Wednesday, down 41.28 points, or 1.68 percent, from the previous trading day. The benchmark index opened lower at 2,430.87 points and gradually...

2023-02-22

Won volatile again as the U.S. rate outlook becomes murky

The exchange rate is volatile again as the pace of economic growth in the United States remains a point of contention amongst economists and investors.

2023-02-07

Foreign exchange trading hours in Korea to be extended to 2 a.m.

Korea will extend foreign exchange trading hours as part of the effort to improve the country’s financial markets.

2023-02-07

Korea, Australia renew expanded currency swap deal

Korea and Australia renewed their currency swap deal Monday, the finance ministry and central bank said, to ensure a steady exchange of goods and services between the two countries.

2023-02-06

Seoul shares open higher on eased U.S. inflation woes

Korean stocks opened higher Monday, following the gains on Wall Street last week amid eased inflation in the United States that raised hopes for the Federal Reserve to slow its interest rate hikes.

2023-01-16

Seoul shares open higher ahead of BOK rate decision

Seoul shares opened higher Friday as investors await a rate hike decision by the Bank of Korea later in the morning.

2023-01-13

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