The nation's four major financial firms padded their debt provisions amid concerns over project financing defaults.
Korea's foreign exchange reserve in December stood at $420.15 billion, up $3.07 billion on month, according to the Bank of Korea.
The government will give more than 38 trillion won ($28.8 billion) of financial support to the rechargeable battery industry over the next five years to help boost the competitiveness of the sector, the Finance Ministry said Wednesday.
Korea’s foreign reserves rose last month, ending three consecutive months of decline on gains in investments and an increased conversion value of non-dollar assets, according to the Bank of Korea on Tuesday.
Korea is maintaining a steady supply of liquefied natural gas (LNG) and is preparing contingencies amid geopolitical uncertainties in the Middle East, the Industry Ministry said Tuesday.
The United States removes Korea from its currency monitoring list, revealing reduced foreign exchange reserves and declining exports.
Korea's foreign reserves fell in May as the dollar's ascent cut the conversion value of holdings in other currencies, central bank data showed Monday.
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...
Korea's foreign reserves continued to expand for the second straight month in December as the weakening dollar resulted in a rise in the converted value of holdings denominated in other currencies, central bank data showed Wednesday.
Foreign reserves increased in November for the first time in four months due to an increase in the converted value of non-dollar assets.
Korea JoongAng Daily Sitemap