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Bank of Korea expected to put a pause on next month's policy rate increase

The Bank of Korea is expected to put a pause on the policy rate increase next month following the Fed’s rate hike Wednesday that matched general market expectations.

2023-03-23

Kospi down over 2% Tuesday on concerns of Silicon Valley Bank fallout

The Kospi plunged more than 2 percent on Tuesday on concerns of the contagion effects of the Silicon Valley Bank (SVB) fallout.

2023-03-14

Foreign reserves fall

Korea’s foreign reserves fell for the first time in four months in February as a stronger dollar reduced the conversion value of holdings in other currencies, according to data from the Bank of Korea on Monday. The country’s foreign reserves were...

2023-03-06

Korea's foreign reserves shrink for first time in 4 months in February

Korea's foreign reserves shrank for the first time in four months in February as a stronger dollar reduced the conversion value of holdings in other currencies, central bank data showed Monday.

2023-03-06

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

In big switch, foreign investors buy as Korean individuals sell

Foreign investors are buying heavily in the Korean market just as retail investors are dumping.

2023-01-30

Foreign currency deposits hit all-time high in December on dollar savings

Foreign currency deposits at banks in Korea hit an all-time high in December, as corporate dollar savings increased, central bank data showed Wednesday.

2023-01-25

Europe's warm winter means sunny spell for Korean economy

Europe’s unseasonably warm weather has brought pleasant surprises for the Korean economy due to lowered energy prices and a weakening dollar. Energy consumption plummeted in Europe as it experienced a historically warm winter.

2023-01-17

Korean won's rebound continues as rate worries diminish

The won is on a relentless tear driven in part by investors betting inflation will be tamer than expected and rate rises may slow or stop.

2023-01-10

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