The Bank of Korea announced plans to purchase domestically produced gold for the first time in 13 years through over-the-counter transactions, partnering with LS MnM, KRX, and KSD. This move aims to reduce foreign exchange risks and increase gold holdings amid rising geopolitical uncertainties.
The Bank of Korea (BOK) announced a pilot program for a 24-hour offshore won settlement network, starting in September with four local banks. This initiative aims to improve foreign investors' access to the Korean won and support South Korea's bid for inclusion in the MSCI Developed Markets Index, with full implementation by January.
The Bank of Korea is reportedly planning to launch the second phase of its wholesale central bank digital currency (CBDC) pilot, Project Hangang, as early as September. This phase will expand participation to nine banks, introduce new payment features, and test government subsidy disbursements using tokenized bank deposits.
The Bank of Korea is widely expected to raise its benchmark interest rate by 25 basis points to 2.75% on Thursday, ending an eight-month pause. This move is driven by persistent inflation, a weakening won, and strong economic growth, with investors watching the pace of future tightening.
韓國央行明確否定半導體產業即將走下坡的「高峰理論」，指出在全球AI基礎設施強勁投資推動下，半導體經濟預計將持續擴張至明年，且此波擴張期已達40個月，遠超歷史紀錄。
The Bank of Korea's report indicates the global semiconductor market faces undersupply, with the AI-driven supercycle expected to persist. This contradicts investor fears of a market peak, citing slow supply expansion and custom product demand.
The Bank of Korea reiterated its stance that won-denominated stablecoins should be issued by bank-led consortiums, a position that has divided policymakers and industry groups and delayed South Korea's digital asset bill.
Bank of Korea Governor Shin Hyun-song indicated a rate hike is necessary at an appropriate time, citing inflation above target and financial stability risks. He also noted solid economic growth prospects driven by semiconductors and eased geopolitical tensions.
Bank of Korea Governor Shin Hyun-song indicated a rate hike is necessary at an appropriate time, citing inflation above target and financial stability risks. He also noted solid economic growth prospects due to the semiconductor industry and eased geopolitical tensions.
Bank of Korea Governor Hyun Song Shin praised tokenization for simplifying government bond issuance and management, outlining plans for a unified ledger incorporating tokenized bonds, wholesale CBDCs, and commercial bank deposits. A BIS report supports that tokenization can boost market efficiency and financial innovation.
南韓央行警告，科技業員工獲得數百萬韓圜的績效獎金，可能推升薪資與消費成長，進而加劇通膨壓力。尤其SK海力士與三星電子發放的巨額獎金，已帶動京畿道奢侈品消費熱潮，相關零售股表現亮眼。
South Korea's central bank is concerned that large bonuses paid to tech workers could fuel inflation. The Bank of Korea noted that while energy prices are a primary driver, improved income conditions and widespread wage growth, potentially spurred by these exceptional bonuses, could increase demand and supply-side inflationary pressures.
The Bank of Korea (BOK) will actively work to control inflation until it is confident prices are stabilizing towards its target, Governor Shin Hyun-song stated. Consumer prices are expected to remain high due to global energy prices and economic recovery.
The Bank of Korea (BOK) will actively work to control inflation until it is confident prices are stabilizing towards its target level, Governor Shin Hyun-song stated. Consumer prices are expected to stay high due to global energy price volatility and rising incomes.
Bank of Korea Governor Shin Hyun-song emphasizes the necessity of a key rate hike at the July 16 meeting to combat rising inflation, driven by the Middle East war and a weakening Korean won, despite a solid economic growth backed by semiconductor exports.
The Export-Import Bank of Korea (Exim Bank) will provide consulting cost support for small and medium-sized enterprises (SMEs) partnered with Samsung Electronics in Vietnam to secure renewable energy. An MOU was signed with Samsung Electronics and Partron, representing Samsung's partners, to enhance supply chain ESG capabilities and foster mutual growth.
The Bank of Korea's generative AI, 'BOKI', is transforming employee workflows by enabling quick data retrieval, document translation, and research assistance. Developed in-house for security, BOKI integrates with internal data platforms and offers features like an 'AI Press Officer', drawing global interest from other central banks.
The Bank of Korea is spending 30 million won to create an official portrait of former Governor Lee Chang-yong, sparking criticism for reviving authoritarian-era practices. Despite internal dissent, the central bank defends the tradition, citing similar practices in other major countries.
The Bank of Korea is expected to raise its 2024 GDP growth forecast to 2.5-2.6% from 2.0%, driven by strong semiconductor exports. Inflation forecasts are also rising due to Middle East tensions.
A potential strike at Samsung Electronics could reduce South Korea's economic growth by 0.5% this year, costing an estimated $20 billion, according to a Bank of Korea report. Unionized workers plan an 18-day strike starting Thursday.
SEOUL, May 12 (Yonhap) -- The chief of the Bank of Korea (BOK) has been elected ...
SEOUL, May 8 (Yonhap) -- Bank of Korea (BOK) Gov. Shin Hyun-song will depart for...
SEOUL, May 7 (Yonhap) -- The Bank of Korea (BOK) on Thursday assessed that inves...
Ryoo Sang-dai, senior deputy governor of the Bank of Korea, has signaled the possibility of a rate hike, citing better-than-expected economic growth of 1.7 percent in Q1 — the fastest quarterly expansion in 5 1/2 years — driven by strong semiconductor exports. This marks the first time a BOK monetary policy board member has indicated a shift away from rate cuts, with inflation potentially exceeding 2.2 percent. The central bank will hold its next policy meeting on May 28, chaired by new Gov. Shin Hyun-song.
