Economy

BOK Freezes Key Interest at 3.5% amid Signs of Lengthy Economic Slowdown

Written: 2023-02-23 13:53:57 / Updated: 2023-02-23 14:49:30

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BOK Chief: Rate Freeze Not Conclusive End to Hike Policy

BOK Leaves Door Open to Future Rate Hike

Economy

Gov't to Boost Maritime Transport Capacity by 30% Within 5 Yrs.

Written: 2023-02-23 13:41:06 / Updated: 2023-02-23 13:55:25

The government plans to introduce superships and create new routes as part of efforts to increase the nation’s maritime transport capacity by 2027. The ...

Economy

BOK Chief: Rate Freeze Not Conclusive End to Hike Policy

Written: 2023-02-23 12:04:46 / Updated: 2023-02-23 13:31:46

Bank of Korea(BOK) Governor Rhee Chang-yong said Thursday's benchmark interest rate freeze that came after a near 18-month hike trend should not ...

Economy

BOK Leaves Door Open to Future Rate Hike

Written: 2023-02-23 11:30:59 / Updated: 2023-02-23 11:59:04

After bringing an end to an 18-month rate-hike trend on Thursday, the Bank of Korea's(BOK) rate-setting monetary policy board left the door open ...

Economy

BOK Lowers Real Growth Forecast to 1.6%, Inflation Projection to 3.5%

Written: 2023-02-23 10:41:23 / Updated: 2023-02-23 11:11:02

The Bank of Korea(BOK) revised down this year's real growth forecast by a tenth of a percentage point to one-point-six percent on Thursday. The ...

Economy

Gasoline Surpasses Diesel in Price for First Time in 8 Months

Written: 2023-02-23 09:45:08 / Updated: 2023-02-23 11:04:01

Gasoline prices surpassed diesel prices for the first time in eight months. According to oil price portal Opinet run by the Korea National Oil ...

Economy

Producer Prices Rise 0.4% in January

Written: 2023-02-23 08:27:34 / Updated: 2023-02-23 10:07:48

Producer prices saw a rebound in January after posting a decline for two straight months. The Bank of Korea on Thursday reported that the producer ...

Economy

KOSPI Ends Wednesday Down 1.68%

Written: 2023-02-22 15:44:32 / Updated: 2023-02-22 15:49:51

The benchmark Korea Composite Stock Price Index(KOSPI) fell 41-point-28 points, or one-point-68 percent, on Wednesday, to close the day at two-thousand-417-point-68. The ...

Economy

January's Economic Misery Index Hits Record High

Written: 2023-02-22 09:02:44 / Updated: 2023-02-22 10:44:49

The nation's economic misery index in January climbed to a record high for the first month of the year. Citing data from Statistics Korea ...

Economy

Business Sentiment Remains Flat in February

Written: 2023-02-22 08:15:25 / Updated: 2023-02-22 09:35:55

Business sentiment remained flat in February amid lingering economic uncertainties. According to the Bank of Korea on Wednesday, the business ...