Search result for BOK
S. KOREA’S INDUSTRIAL OUTPUT GREW 0.8% IN MARCH
Highlights –
- S. Korea’s industrial output grew 0.8% in March.
- Output in the mining, manufacturing, gas, and electricity industries declined 0.8 percent in March.
- In the reporting month service production gained 1.2 percent on-mo...
WHY EATING BOK CHOY IS GOOD FOR YOUR HEALTH
Highlights-
- Why eating bok choy is good for your health.
- Bok choy is full of fiber, vitamins, minerals, and other nutrients.
- Bok choy is an excellent source of the flavonoid quercetin.
- Bok choy may help to contribute to a healthy...
IMF RAISES ITS 2021 GROWTH OUTLOOK FOR SOUTH KOREA BY 3.6 PERCENT
Highlights –
- IMF raises its 2021 growth outlook for South Korea by 3.6 percent.
- IMF is said to have taken into account the impact of the country’s latest $13 billion extra budget.
- Exports of chips and cars is said to have been k...
S. KOREA’S CPI ROSE AT A FASTER PACE IN FEBRUARY BY 1.1 PERCENT
Highlights –
- S. Korea’s CPI rose at a faster pace in February by 1.1 percent.
- The CPI in comparison with a month earlier grew 0.5 percent in February.
- The country’s core inflation rose 0.3 percent in February.
- B...
BANK OF KOREA ANNOUNCES UNCHANGED RECORD LOW POLICY RATE AT 0.5 PERCENT
Highlights –
- Bank of Korea announces unchanged record low policy rate at 0.5 percent.
- The country’s central bank maintained its growth outlook for the year at 3 percent.
- The BOK also raised its growth outlook of exports for 2021...
BOK GOV. SAYS CRYPTOCURRENCIES TO HAVE NO INTRINSIC VALUE
Highlights –
- BOK Gov. says cryptocurrencies have no intrinsic value.
- The country’s central bank also commented cryptocurrencies experience greater volatility.
- In February the price of Bitcoin surpassed $50,000.
- The BO...
S. KOREA’S HOUSEHOLD CREDIT GREW BY $1.55 TRILLION IN Q4 2020
Highlights –
- S. Korea’s household credit grew by $1.55 trillion in Q4 2020.
- Mortgage loans rose by 20.2 trillion won on-quarter to 910.6 trillion won in Q4.
- Loan demand to buy stocks also rose due to the country's bull stock...
S. KOREA REPORTS ITS GDP TO HAVE SHRUNK 1 PERCENT IN 2020
Highlights –
- S. Korea reports its GDP to have shrunk 1 percent in 2020.
- The country’s economy is said to have been the worst in 2020.
- The BOK last year had forecasted a 1.3 percent contraction in the economy.
- The coun...
BANK OF KOREA MAINTAINED ITS POLICY RATE OF 0.5 PERCENT
Highlights –
- Bank of Korea maintained its policy rate of 0.5 percent.
- Bank of Korea in November 2020 had frozen the key rate due to economic uncertainty.
- The monthly exports in 2020 advanced 12.6 percent on-year to reach $51.4 billion...
BOK DECIDED TO MAINTAIN THE ACCOMODATIVE MONETARY POLICY NEXT YEAR
Highlights –
- BOK decided to maintain the accommodative monetary policy next year.
- The central bank will closely watch the side-effects of monetary easing.
- It has been predicted that the country’s economy is likely to grow by 3% ...
SOUTH KOREA AND CHINA RENEW CURRENCY SWAP DEAL TO ALLEVIATE SHORTFALL AMIDST PANDEMIC
- South Korea and China have agreed to stretch their bilateral currency swap agreement, the Bank of Korea (BOK) said Thursday, in a move to realize easing a potential currency liquidity crunch amid the new coronavirus outbreak.
- South Korea’s central bank said on Thursday it...
TRUMP’S TULSA RALLY DRAWS A HUGE CROWD, 6 RALLY EVENT ORGANIZERS TEST COVID POSITIVE
Highlights:
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Trump supporters defy every safety protocol in the rally with no face masks and social distancing
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People have been camping around the venue for a week
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6 secret services staff involved in organizing the event test ...