Korea Joongang Daily
Korea JoongAng Daily

BOK not confident on rate cut with forex fluctuation after election volatility

Bank of Korea Gov. Rhee Chang-yong said the central bank must still monitor the won-dollar exchange rate before the year's final rate-setting meeting at the end of the year.

2024-11-08

Rate cuts not cure-all for slow demand, high interest: BOK chief

Bank of Korea Gov. Rhee Chang-yong conceded that the central bank's recent rate cut would not reign in market interest rates but said that this is only the beginning for the BOK.

2024-10-14

Don’t fall for the myth of balanced education

We need a system respecting diversity and the freedom to choose superior education.

2024-10-10

Korea's foreign reserves rise for third consecutive month in September

Korea's foreign reserves increased for the third straight month in September on the back of the increased value of non-U.S. dollar assets and investment gains, central bank data showed Monday.

2024-10-07

Finance minister, BOK chief call for structural reforms to spark growth in first-ever visit

Minister of Economy and Finance Choi Sang-mok and Bank of Korea Gov. Rhee Chang-yong called for structural reforms to address the country’s slowing economic growth on Monday.

2024-09-30

As calls for rate cut grow, finance minister prioritizes recovery in demand

Amid growing expectations of a rate cut by the Bank of Korea, Finance Minister Choi Sang-mok told reporters that the government's top priority is a recovery in domestic demand.

2024-09-25

Housing price outlook index rises for fourth month

The housing price outlook index rose for a fourth month, reaching 119 in September.

2024-09-25

Why BOK chief calls for fewer SNU students from Gangnam

Bank of Korea's Rhee Chang-yong advocated for regional admissions quotas to address soaring housing prices. Responses were mixed regarding feasibility and the role of the central bank.

2024-09-25

No more discord in household debt control (KOR)

In volatile times, credibility in policymaking should not be compromised.

2024-09-23

No more discord in household debt control

In volatile times, credibility in policymaking should not be compromised.

2024-09-22