The Bank of Korea (BOK) kept the policy rate unchanged Tuesday at 3.5 percent for the second time in a row but warned it’s too early to discuss a rate cut.
They must thoroughly discuss how to control a number of risks accompanying innovative ways and how to transform the regulators to meet the demand of the times.
Korean banks who play safe with their primary income coming from interest rates must not let down their guard against the risk of spillover.
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.
The woes in the U.S. and Europe cannot be taken lightly.
We need a contingency plan to prepare for a scenario in which the current crisis turns into a global crisis and affects the Korean financial market.
Although corporate earnings, which determine stock performance, still remain weak, they are expected to recover within the year. I hope stock investors hang tough just a little longer.
The business structure of Korean banks, heavily criticized up until a week ago, is cushioning the side effects of the worst collapse of a U.S. lender in more than a decade.
Deposit insurance limits could be increased in Korea amid talk of banks runs following the collapse of Silicon Valley Bank (SVB) in the United States. The Financial Services Commission (FSC) and Korea Deposit Insurance Corporation (KDIC) are...
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