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The Latest Breaking News from Bank of Korea

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

Why the AI Chip Boom Just Forced South Korea to Raise Interest Rates

Bank of Korea hikes interest rates to 2.75% as massive AI semiconductor exports push inflation past 3%. See how the move will impact mortgage rates.

International Business Times

Explained: 3 reasons why South Korea's Kospi crashed 6% today

South Korea's Kospi index experienced a significant decline of over six percent on Thursday. This downturn followed the Bank of Korea's first interest rate increase in three years. Major tech stocks like SK Hynix and Samsung Electronics saw substantial drops. Concerns are mounting over the impact of single-stock leveraged ETFs…

The Economic Times

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Asian Markets React To U.S.-China Trade Tensions

Asian stock markets decline on US-China trade tensions. Bank of Korea cuts rates. Global markets cautious amid uncertainties.

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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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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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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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Bank of Korea Warns of Risks from Real Estate and Household Debt

Bank of Korea board member Hwang highlights the risks associated with real estate and household debt in South Korea, emphasizing the need for caution.

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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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Top central bankers deliver hawkish message at Jackson Hole

The world’s top central bankers delivered a stern and unified message on the need to curb inflation, declaring at Jackson Hole, Wyoming, that it is broad based, here to stay and will require their forceful action.

Tribune News Service

Asian stocks gain as global markets await Fed chair speech

Asian shares are trading higher as global markets wait for a highly anticipated speech from the U.S. Federal Reserve chair about interest rates at the end of the week

The Independent UK

Promoting women will boost economic potential of U.S., S.Korea - Yellen

Boosting women's participation in the workforce and giving them more leadership opportunities would boost the economic potential of South Korea and the United States, U.S. Treasury Secretary Janet Yellen told a group of women entrepreneurs in Seoul.

Reuters

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Al Jazeera

US promotes ‘friend-shoring’ of trade with eye on China, Russia

US treasury secretary highlights economic threat posed by ‘unreliable countries’ during visit to South Korea.

ABC News

RBNZ, Bank of Korea lift interest rates by 50 basis points again, RBA likely to follow

Central banks in New Zealand and Korea have pushed ahead with further super-sized interest rate rises as they attempt to tame rampant inflation.

Benzinga

Nomura Sees Bank Of Korea Increasing 2022 Inflation Forecast, May Prompt Hawkish Stance

On CNBC, Jeong Woo Park of Nomura said that South Korea’s economic growth is expected to be balanced, with the recent GDP data showing improvement from the previous quarters.

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