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:

• Trump supporters defy every safety protocol in the rally with no face masks and social distancing

• People have been camping around the venue for a week

• 6 secret services staff involved in organizing the event test ...