Search result for LEE JU YEOL
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...
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...
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...