All posts tagged "bank of korea"

  • Stacks of money held in the vault at the Bank of Korea. (Yonhap file photo)
    Household debt seen as S. Korea’s $1 trillion potential time bomb

    By Choi Kyong-ae Soaring household debt, fueled by a series of government-led stimulus programs, is posing a greater threat to the nation’s economy, analysts said. Household debt hit a fresh record of 1,166 trillion won ($1.01 trillion)...

    • Posted November 24, 2015
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  • Foreign reserves hit record high in March

    (Yonhap) The nation’s foreign-exchange reserves set a record high in March on the rise in the value of non-dollar assets and investment profit, the central bank said Thursday. The country’s foreign reserves totaled a record US$354.34 billion as...

    • Posted April 3, 2014
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    U.S. tapering single biggest threat to Korean economy

    By Na Jeong-ju Financial market participants believe U.S. stimulus tapering is the biggest factor threatening the Korean economy, according to a survey conducted by the Bank of Korea (BOK). Other risk factors include the slowdown of the...

    • Posted March 25, 2014
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    Lunar New Year’s “Money in the bank”

    (PHOTO NEWS) A Bank of Korea employee works beside a pile of newly-printed notes that will be delivered to commercial banks ahead of the Lunar New Year holiday that falls on Jan. 30-Feb.2. (Yonhap)

    • Posted January 23, 2014
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  • Joyce Chang
JP Morgan managing director
    ‘Korean economy bottoms out’

    JP Morgan’s forecast backs finance minister’s upbeat outlook By Yi Whan-woo The Korean economy will be on a stable course toward recovery next year, according to Joyce Chang, a senior researcher at J.P. Morgan. Chang also predicted...

    • Posted December 19, 2013
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  • A South Koren trader works at the Korea Exchange Bank's main office in Seoul, South Korea (Yonhap)
    Is Korea heading toward deflation?

    By Kim Rahn Concerns are growing that the Korean economy is drifting toward Japan-style deflation, because it has entered a low-growth, low-price era amid a stagnant economy. Some experts have expressed concerns that what’s happening in Korea...

    • Posted December 12, 2013
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    Import prices drop as won gains strength

    (Yonhap) The nation’s import prices dropped for the 15th straight month in November as oil prices fell and the local currency gained against the U.S. dollar, the central bank said Wednesday. In local currency terms, the country’s...

    • Posted December 10, 2013
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