Economy

BOK Raises Key Rate by 50 Basis Points for First Time Ever

Written: 2022-07-13 10:29:23 / Updated: 2022-07-13 16:50:37

Related News

BOK Chief: Currency Swap Talks Possible During Upcoming Yellen Visit

SMEs Call for Protection Measures amid Unprecedented Rate Hike

Economy

Hyundai Motor Reaches Wage Deal to Avert Labor Strike

Written: 2022-07-13 09:02:12 / Updated: 2022-07-13 10:43:03

The management and labor of Hyundai Motor have reached a tentative wage agreement, marking the fourth year in a row the nation’s largest automaker ...

Economy

S. Korea Adds 841,000 Jobs in June, but Job Growth Slows for 1st time in 3 Months

Written: 2022-07-13 08:30:26 / Updated: 2022-07-13 10:24:57

South Korea’s job growth slowed moderately following an increase for two consecutive months amid concerns over the impact of rapid inflation and ...

Economy

Won Slides to 13-Year Low against Dollar

Written: 2022-07-12 15:37:47 / Updated: 2022-07-12 16:21:51

The weakening of the won against the U.S. dollar became more conspicuous on Tuesday as investors' flight to safe-haven assets continued amid concerns ...

Economy

Bank Loans to Households Rise for 3rd Month on Back of Mortgage Demand

Written: 2022-07-12 15:05:48 / Updated: 2022-07-12 15:32:55

Bank loans extended to households rose for the third consecutive month in June as banks ease the barriers to securing housing-related loans. According ...

Economy

Korean Won Hits Another Low against Dollar

Written: 2022-07-12 13:55:58 / Updated: 2022-07-12 15:26:57

The won hit its lowest point against the U.S. dollar this year on Tuesday as investors' flight to safe-haven assets continued amid concerns about ...

Economy

BOK Expected to Take 'Big Step' of 0.5% Rate Hike This Week

Written: 2022-07-12 11:48:30 / Updated: 2022-07-12 14:35:01

The central bank's monetary policy board is widely expected this week to take the first-ever "big step" of raising the key rate by zero-point-five ...

Economy

New Financial Services Commission Chief to Focus on Stabilizing Financial Market

Written: 2022-07-11 16:34:57 / Updated: 2022-07-11 16:43:04

The new chief of the Financial Services Commission, Kim Joo-hyun, said stabilizing the financial market is his top priority as concerns abound ...

Economy

KOSPI Ends Monday Down 0.44%

Written: 2022-07-11 15:41:42 / Updated: 2022-07-11 16:04:46

The benchmark Korea Composite Stock Price Index(KOSPI) fell ten-point-34 points, or zero-point-44 percent, on Monday, closing the day at two-thousand-340-point-27. The ...

Economy

Foreign Selloff of S. Korean Stocks Extends to 6th Month

Written: 2022-07-11 11:27:58 / Updated: 2022-07-11 15:05:33

Foreign investors offloaded more than three-point-eight trillion won worth of Korean stocks last month as the local market remains bearish. According ...