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The Latest Breaking News from The Bank of Korea

Global Market: Bank of Korea hikes rates again to 3% as growth, inflation stay firm

South Korea’s central bank raised its benchmark interest rate by 25 basis points to 3% for a second straight meeting, citing stronger-than-expected economic growth and persistent inflationary pressures from higher energy costs. The Bank of Korea also upgraded its growth forecasts, while strong semiconductor exports and AI-driven chip demand are…

The Economic Times

Global Market: Kospi gains over 1% as Nvidia outlook lifts chipmakers

South Korean shares rose, led by chipmakers after Nvidia forecast strong AI-driven revenue growth. The KOSPI gained 1.22%, while Samsung Electronics and SK Hynix advanced. The Bank of Korea raised rates by 25 basis points to 3% and upgraded its 2026 growth forecast to 3.3%, keeping investors focused on future…

The Economic Times

AI Job Shock Hits Young Workers First as Goldman Finds Entry-Level Jobs Face 3 Times Greater Employment Drag

Goldman Sachs finds AI exposure has more than three times the employment drag on entry-level workers, as youth jobs weaken in Korea and Britain.

International Business Times UK

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Global Market: South Korea's July inflation cools below expectations as oil prices ease; rate hike bets remain

South Korea's consumer inflation eased to a three-month low in July, falling below market expectations. Lower oil prices significantly contributed to this easing, which was a welcome development. However, policymakers remain cautious about lingering inflationary pressures due to global uncertainties. Core inflation, excluding volatile items, saw a slight increase, indicating…

The Economic Times

Global Market: South Korea's Q2 GDP beats estimates on chip exports; semiconductor stocks in focus

South Korea's GDP expanded 0.6% in the second quarter. Robust semiconductor exports offset weakness in construction investment, reinforcing optimism for the technology sector. The Bank of Korea expects annual growth around three percent this year. Further interest rate hikes are anticipated due to elevated inflation and growth. This data supports…

The Economic Times

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

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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

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

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.

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The Independent UK

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

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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.

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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.

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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.

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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.

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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.

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Bank Of Korea Board Members Cautious On Policy Pivot

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

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South Korea Maintains Interest Rates, Investors Monitor Pivot Timing

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

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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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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...

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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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