All posts tagged "BOK"

  • 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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    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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  • (The Korea Times file)
    Overseas spending hits record high

    By Kim Rahn Koreans’ overseas spending hit a record high in the third quarter, largely due to increased overseas travel and direct online shopping at foreign websites. According to data from the Bank of Korea (BOK) Monday,...

    • Posted December 9, 2013
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  • Jung Yung-taek, BOK director general (YONHAP)
    Korean economy grows at fastest rate in two years

    (Yonhap) The nation’s economy grew at the fastest clip in more than two years in the third quarter on recovering domestic demand and an increase in facility investment, the central bank said Thursday. Korea’s gross domestic product (GDP),...

    • Posted December 5, 2013
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    Should Korea embrace Bitcoin?

    BOK in dilemma over how to handle virtual currency By Na Jeong-ju Koreans are showing growing interest in Bitcoin since a bakery shop in Incheon started accepting the virtual money, just like cash and credit cards, on...

    • Posted December 4, 2013
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  • cards
    Koreans’ overseas card spending hits record high

      Koreans’ overseas credit card spending rose to a record high in the third quarter as the number of outbound travelers increased amid the local currency’s ascent, the central bank said Friday. Overseas credit card bills totaled...

    • Posted November 29, 2013
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  • Korea has recorded a surplus for 20 consecutive months through September, and exports in October surpassed $50 billion for the first time ever. (Korea Times file)
    Korea to top Japan in account surplus for first time

    By Kim Rahn   Korea’s current account surplus is likely to exceed that of Japan for the first time ever this year, backed by the country’s strong automobile and IT exports and increased energy imports by the...

    • Posted November 4, 2013
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