Bank of Korea keeps key interest rate unchanged at 1.25% in January

Bank of Korea keeps key interest rate unchanged at 1.25% in January

now we have some news just coming in the Bank of Korea has kept his benchmark interest rate unchanged at one and a quarter percent for the month of January this follows the central bank’s decision back in November of last year to leave rates unchanged we only just got details on this so we’ll

Bank of Korea to monitor financial markets on U.S.-Iran standoff

Bank of Korea to monitor financial markets on U.S.-Iran standoff

meanwhile the Bank of Korea pointed out there’s a possibility of increased volatility in the local financial and foreign exchange market due to the u.s. Iran standoff after a meeting Wednesday to gauge the possible impact of the Middle East tensions the BOK Val to monitor the situation around the clock but added many analysts

World Bank projects global growth of 2.5% in 2020

World Bank projects global growth of 2.5% in 2020

falling the weakest growth last year since the 2008-2009 global financial crisis the World Bank says the global economy is poised for a modest rebound this year but that it will still be fragile and vulnerable to uncertainties our Kim Hanul reports the World Bank forecasts global economic growth to hits 2.5 percent this year

BOK chief says bank to keep monetary easing policy in 2020

BOK chief says bank to keep monetary easing policy in 2020

the head of South Korea’s central bank says the bank will stick with its accommodative monetary policy in the coming year in a New Year’s speech on Tuesday Bank of Korea governor IgE said inflationary pressure on the demand side is expected to remain weak in 2020 in order to use monetary policy effectively and

Korean online retailer plans to accept payment in cryptocurrencies

Korean online retailer plans to accept payment in cryptocurrencies

A major local online shopping mall and one of South Korea’s biggest currency exchange are joining forces to develop a system that would allow purchases using crypto-currency. Although not an entirely new concept…, it is still foreign to many in the nation. Lee Jeong-yeon provides a closer look. A major project is underway in South

S. Korea’s working mothers still face low pay, job instability

S. Korea’s working mothers still face low pay, job instability

convert the past Korean women have more opportunities to work after starting a family but government data shows many have to settle for unstable conditions with relatively low pay one in ten make less than eight hundred forty dollars a month Kim J help us look beyond the digits according to data released Friday by

S&P maintains S. Korea’s credit rating at AA

S&P maintains S. Korea’s credit rating at AA

now despite South Korean lowering its growth rate for this year global ratings agency Standard & Poor’s has kept the country’s rating stable at double-a and said the South Korean economy remains stable despite some potential downside risks our union Jungmann has the details Standard & Poor’s has maintained South Korea sovereign credit rating at

Finance Minister in U.S. for meetings with G20 counterparts, int’l financial institutions

Finance Minister in U.S. for meetings with G20 counterparts, int’l financial institutions

south korea’s finance minister hong nhung he is visiting the u.s. from tuesday until next Monday for annual general meetings with finance ministers from other g20 countries and representatives of international financial institutions such as the IMF and the World Bank at the meeting in Washington DC who will be discussing policy coordination measures for

2nd place in household debt-to-GDP growth

2nd place in household debt-to-GDP growth

South Korea’s household debt compared to GDP has grown the second fastest among the world’s top 43 economies according to the latest figures by an international financial organization. This continues to fuel concerns that another financial crisis could be on the horizon again for Korea. Our Won Jung-hwan has more. Korea’s household debt has been

Gov’t unveils measures to curb household debt

Gov’t unveils measures to curb household debt

Now to the government’s efforts to put the brakes on ever rising household debt– that now stands at one-point-two trillion U.S. dollars. Starting next year, South Korea will tighten mortgage rules,… which it believes will rein in the debt that has been growing at a double-digit pace. Kim Ji-yeon reports. The Ministry of Strategy and