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The Latest Breaking News from The Bank of Korea

South Korean shares slump 7% on renewed selling in chipmakers, c.bank hikes rates

South Korean shares experienced a significant decline on Thursday, driven by chipmaker stock sell-offs. The Bank of Korea raised its benchmark interest rate for the first time in over three years. This move aimed to stabilize the nation's weakening currency against the US dollar. Major chipmakers like SK Hynix and…

The Economic Times

How SK Hynix just pulled off the second-largest U.S. share sale by quietly powering the AI boom

With a $26.5 billion Nasdaq debut, the South Korean manufacturer caps off a long, strange path from memory-chip also-ran to AI powerhouse

Fortune

South Korean chipmakers are being paid such massive bonuses it’s becoming an inflation problem for the central bank

The Bank of Korea is worried that a wage-price spiral is increasing consumer demand and pushing up prices.

Fortune

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Samsung and SK hynix bonuses for chip workers flagged as a national inflation risk — Bank of Korea projects full-year inflation significantly above its 2% target

The Bank of Korea has named performance bonuses at Samsung Electronics and SK hynix as a risk to the country's inflationary stability.

Tom’s Hardware

Political Crisis Hits South Korea Growth: Central Bank

South Korea's economic growth slowed in the last quarter of 2024, data from the central bank showed Thursday, as the country struggled with the fallout from impeached President Yoon Suk Yeol's brief declaration of martial law.

International Business Times

Korea’s economy looks like it’s shrugging off Yoon’s impeachment crisis. Don’t be fooled

War, weak growth, and policy uncertainty around Trump’s return already threaten the Korean economy. An extended political crisis will make things worse.

Fortune

Trump's Trade Policies Pose Greater Risk To South Korea's Economy Than Domestic Martial Law Crisis, Says Central Bank Chief: 'A Lot More Uncertainty'

The governor of the Bank of Korea, Rhee Chang-yong, expressed that the South Korean economy is more threatened by the trade policies of Donald Trump than the current political crisis in the country.

Benzinga

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South Korea’s economy rattled by martial law decree

South Korean president’s bid to erase ‘Korea discount’ sputters after martial law declaration unnerves markets.

Al Jazeera

Bank Of Korea Cuts Interest Rate Amid Economic Slowdown

Bank of Korea cuts interest rates to 3% for the second consecutive month to boost economy amidst challenges.

Top News

South Korea's central bank cuts a key rate to nurse a slower economy

South Korea’s central bank has lowered its key policy rate for the second straight month and says the country’s economy will grow at a slower pace than it initially anticipated

The Independent UK

South Korea Maintains Rates, Indicates Continued Tight Policy

Bank of Korea keeps key interest rate unchanged at 1.25% to balance growth and stability amidst economic challenges.

Top News

Bank Of Korea Chief Monitoring Middle East Tensions For FX

Bank of Korea closely monitoring Middle East tensions for potential economic impacts on South Korea.

Top News

Former BOK Deputy Governor Predicts No Rate Cuts In 2021

Former BOK deputy governor predicts no interest rate cuts in South Korea, emphasizing economic stability and strategic monetary policy.

Top News

Bank Of Korea Considering Forward Guidance Overhaul

The Bank of Korea is considering a significant overhaul of its forward guidance strategy, potentially impacting monetary policy and economic landscape.

Top News

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Top News

Bank Of Korea Cautious In Final Inflation Fight Stage

Bank of Korea's cautious approach in addressing inflation to ensure stability and growth in South Korea's economy.

Top News

Bank Of Korea Board Members Cautious On Policy Pivot

Bank of Korea board members decide against policy changes due to economic uncertainties and challenges.

Top News

South Korea Maintains Interest Rates, Investors Monitor Pivot Timing

Bank of Korea maintains interest rate at 0.5% amid economic uncertainties and recovery signs.

Top News

South Korea's Inflation Eases to Six-Month Low, Caution Remains

Discover the latest economic update from South Korea as inflation softens to a six-month low. However, policymakers remain cautious. Stay informed now.

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Top News

Bank of Korea Maintains Rates as Inflation Cools

The Bank of Korea has decided to maintain its current interest rates as inflation in South Korea shows signs of cooling, signaling a cautious approach to e...

Top News

Bank of Korea Holds Base Rate, Delays Cut Until Q3

BOK adopts a cautious stance, refrains from base rate cut. Growth prospects and economic indicators to influence future rate adjustments in Q3.

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