Bank of Korea News

Corporate Dollar Reserves Surge as Trump's Policies Fuel Market Uncertainty

Following President Trump's inauguration, corporate foreign currency deposits surged by over $3.1 billion, driven by market uncertainties. The Bank of Korea reports a significant r...

South Korea's GDP Growth Forecast for 2025 Adjusted Downward Amid Political Uncertainties

The Bank of Korea has revised its 2025 GDP growth forecast downward to 1.6-1.7%, citing political uncertainty and government budget cuts as key factors. Efforts to stabilize econom...

Asia-Pacific Markets Rally Following US Inflation Data Release

Asia-Pacific markets saw a positive trend following the release of US inflation data, with equities rising across the region. Japan's producer prices and Australia's unemployment r...

18 Months and Counting: How Stock Market Volatility Fuels Continuous Money Supply Growth

The domestic stock market's volatility has led to an 18-month streak of increasing money supply, with the broad money supply (M2) reaching 4,143 trillion won in November. This grow...

Record-Breaking Year: South Korean Individual Investors Pour Over 40 Trillion Won into Bonds

South Korean individual investors set a new record by net purchasing bonds worth over 40 trillion won last year, driven by the Bank of Korea's interest rate cuts and the country's ...

Record High: South Korean Government's Borrowing and Interest Payments Soar

The South Korean government's borrowing from the Bank of Korea hit a record high of 173 trillion won in 2024, with interest payments exceeding 200 billion won. This marks a signifi...

South Korean Won Hits Record High Against USD Since 1997 Financial Crisis

The Korean won-U.S. dollar exchange rate has surged to nearly 1,500 won, the highest since the global financial crisis, with the fourth-quarter average reaching 1,398.75 won. This ...

Martial Law Aftermath: Consumer Sentiment Hits 12-Year Low

Consumer sentiment in December has deteriorated to its steepest level since the global financial crisis, with the Composite Consumer Sentiment Index (CCSI) for December falling sha...

Why South Korea's Massive Income Growth Doesn't Translate to Better Living Standards

Despite South Korea's per capita GNI increasing 540-fold over 70 years, citizens' perceived income levels have deteriorated. The ratio of PGDI to per capita GNI has declined to an ...

South Korea's Forex Market Shows No Crisis Signals Amid Martial Law Attempt

South Korea's central bank governor reports normal function in the forex market despite a recent martial law declaration, with the won trading slightly better against the dollar.

South Korea's Money Supply Sees 17th Consecutive Month of Growth in October

South Korea's money supply continued to grow in October, marking the 17th consecutive month of increase. Driven by banks' deposit attraction efforts and corporate fund reinflow, th...

Won-Dollar Exchange Rate Surge Drives Import Price Index Upward for Second Month

South Korea's import price index rises for the second consecutive month due to a surge in the won-dollar exchange rate, despite a drop in international oil prices. The Bank of Kore...

Political Crisis Threatens to Prolong Korean Won Instability, Says BOK Governor

Bank of Korea Governor Rhee Chang-yong states that the Korean won is unlikely to stabilize soon due to the ongoing political crisis. Financial authorities pledge to mobilize resour...

US and Korea Rate Cuts Drive Korean Government Bond Yields Down

Government bond yields in Korea plummeted across all maturities last month, influenced by rate cuts from the U.S. Federal Open Market Committee and the Bank of Korea. The decline i...

South Korea's Current Account Surplus Hits $9.78 Billion in October, Driven by Auto and Semiconductor Exports

South Korea's current account surplus reached $9.78 billion in October, driven by strong exports of semiconductors and automobiles. This marks the sixth consecutive month of surplu...

South Korea's Economy: A Mixed Bag in Q3 GDP Growth

South Korea's economy grew by 0.1% in Q3, according to the Bank of Korea. This modest growth reflects various sectoral challenges, with decreases in exports and construction invest...

South Korea's Foreign Reserves Continue to Decline Amid Surging Dollar

South Korea's foreign exchange reserves have decreased for two consecutive months due to the strength of the U.S. dollar. According to data released by the Bank of Korea (BOK) on D...

Navigating Political Unrest: Strategies to Maintain Financial Stability in Korea

This article analyzes the financial market impact of political unrest in Korea, comparing it to the 2016 impeachment of former President Park Geun-hye. It discusses the measures ta...

South Korea's Manufacturing Sentiment Plunges to 13-Month Low Amid Export Uncertainty

South Korea's manufacturing sentiment has hit a 13-month low, driven by uncertainty surrounding exports following the U.S. presidential election. The Composite Business Sentiment I...

Inflationary Pressure Looms as Exchange Rates Surge: BOK's Forecast for December

Kim Woong, deputy governor of the Bank of Korea, predicts inflationary pressure due to high exchange rates will emerge starting in December. This prediction comes as the Consumer P...

Korean Institutional Investors' Foreign Currency Securities Investments Surge by $21.96 Billion in Q3

The balance of foreign currency securities investments by Korean institutional investors surged by $21.96 billion in the third quarter, reaching $427.41 billion, compared to $405.4...

Korean Bond Yields Surge Amid Anticipated Fiscal Expansion

Despite the Bank of Korea's base rate cut and Korea's inclusion in the World Government Bond Index, domestic government bond yields rose last month due to expectations for fiscal e...

Inflationary Pressure Looms as Exchange Rates Surge: BOK's Warning

Kim Woong, deputy governor of the Bank of Korea, warns of inflationary pressure due to high exchange rates starting in December. The Consumer Price Index (CPI) for November showed ...