Showing posts with label Bank of Korea. Show all posts
Showing posts with label Bank of Korea. Show all posts

Monday, June 8, 2015

South Korea's annual economic growth beats estimates

Growth in South Korea - Asia's fourth largest economy - marginally beat estimates and expanded 2.5% during the first three months of 2015 compared with a year earlier.

Friday, October 24, 2014

South Korea third-quarter GDP rebounds but global headwinds raise uncertainty

(Reuters) - South Korea's economic growth quickened in the third quarter led by private consumption and construction spending, but quarterly exports declined for the first time in a year in a sign of cooling global growth that should keep the door open for more monetary easing.

Wednesday, September 17, 2014

South Korea could keep expansionary policy for years

(Reuters) - South Korea will maintain pro-growth policy until a sustained recovery is firmly secured, possibly beyond 2015, as an anticipated pick-up next year might only only be tentative, the finance minister said on Tuesday.

Sunday, August 31, 2014

South Korea September business outlook drops to lowest in over 1 year

(Reuters) - South Korean manufacturers are significantly more pessimistic about the business outlook for September than they were for August, central bank data showed on Friday, mirroring the fragility of the recovery in Asia's fourth-largest economy.

Wednesday, August 13, 2014

Bank of Korea rate cut expected under government pressure

(Reuters) - The Bank of Korea is forecast to cut interest rates this week, a Reuters survey shows, a sharp turnaround in market expectations over the past month that raises questions about the central bank's independence.

Friday, July 25, 2014

South Korea Unveils $11 Billion Growth Plan as Economy Weakens

South Korea unveiled 11.7 trillion won ($11.4 billion) in government initiatives to shore up Asia’s fourth-largest economy after growth slumped to the weakest pace in more than a year in the second quarter.

Wednesday, May 28, 2014

South Korea May consumer sentiment slips to eight-month low

(Reuters) - South Korea's composite consumer sentiment index in May slipped to its lowest in eight months, dampening hopes for a firm recovery in domestic consumption in Asia's fourth-largest economy, central bank data showed on Tuesday.

Friday, April 25, 2014

South Korea economic growth beats forecasts

South Korea's economy grew more than forecast in the first quarter, helped by a jump in construction and exports. Asia's fourth-largest economy expanded by 3.9% in the January-to-March quarter from a year earlier.

Monday, March 24, 2014

Korea Exchange Seeks Cut of $3 Billion Illegal Gold Trade

South Korea’s equity exchange will start offering physical gold trades for the first time today, as the government seeks to curb as much as $3 billion of black-market transactions.

Sunday, December 29, 2013

Asian Currencies Decline This Week as Fed Taper Spurs Outflows

Most Asian currencies fell this week as signs of an improving U.S. economy bolstered demand for the dollar amid tapering from the Federal Reserve that’s spurring outflows from emerging markets.

Wednesday, November 13, 2013

Korea Intervention Bets Prompt Aberdeen to Dump Won: Currencies

Aberdeen Asset Management Plc dumped its holdings of South Korean won as the nation’s central bank said last month it may intervene to stem the currency’s gains.

Thursday, June 13, 2013

South Korea jobless rate edges up in May

SEOUL: South Korea's unemployment rate inched up in May, with fewer jobs being created in the manufacturing sector, government data showed Wednesday.

Monday, June 3, 2013

South Korea’s May Exports Unexpectedly Rise on Smartphone Sales

South Korea’s exports unexpectedly increased in May as surging smartphone shipments and improving demand from the U.S. and China countered a decline in the yen.

Thursday, April 25, 2013

South Korea economic growth hits two-year high

South Korea's growth rate hit a two-year high in the first three months of the year, boosted by a rebound in construction, investment and exports.

Sunday, December 30, 2012

Bank of Korea: To Prioritize Economic Recovery at 2013 Rate Reviews

SEOUL--The Bank of Korea said Thursday it will prioritize economic recovery when it reviews its official interest rate each month next year, and be vigilant toward consumer price inflation, which has shown signs of easing recently.

Thursday, October 11, 2012

South Korea Jobless Rate Holds Steady

GWACHEON, South Korea—South Korea's seasonally adjusted unemployment rate stayed at 3.1% for a third consecutive month in September, government data showed, amid expectations the central bank will lower its policy interest rate for a second time this year.

Saturday, September 29, 2012

South Korea Output Falls Again

GWACHEON, South Korea—South Korea's factory output fell for a third consecutive month in August as strikes in the automobile sector and two typhoons slowed business activities, paving the way for the central bank to deliver another policy rate cut.

Tuesday, September 11, 2012

South Korea Boosts Stimulus by $5 Billion

GWACHEON, South Korea—South Korea announced a $5.23 billion stimulus package, the latest round of state support for Asia's fourth-largest economy, as it struggles with the global economic downturn.

Saturday, July 28, 2012

South Korea economic growth slows as exports weaken

South Korea's economic growth slowed in the second quarter, as investment dipped and its exports sector was hurt by the eurozone debt crisis.

Thursday, June 14, 2012

IMF warns of slower growth for S. Korea

SEOUL: The International Monetary Fund warned Tuesday of likely slower growth for South Korea this year due to the faltering global economy, joining a series of think-tanks which have slashed their predictions.